Your customer has enabled budgetary control for purchase orders. They have a purchase order for
$1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

• A.Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD
• B.Invoice type will have less funds available by $400 USD
• C.Only obligation type will have $400 USD funds available
• D.$400 USD will be added back to available funds
• E.$400 USD will be expired and not available for use

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Your customer has a large number of legal entities. The legal entity values are defined in the company segment which representsthe primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

• A.Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment
• B.Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
• C.There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
• D.There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner

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You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

• A.complete Accounting Configuration
• B.chart of account values, accounting calendar, and ledger
• C.setup data for Receivables and Payables product
• D.Banks, Bank Accounts, and Branches
• E.Suppliers and Customers

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Which tool can you use to create a Financial Income Statement?

• A.PS/nVision
• B.One View Reporting
• C.Rapid Implementation Enterprise Structure Setup
• D.Account Inspector

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Your ledger currency is USD. At month end you have a balance on the Accounts Payable Line of 100,000 Euros which is equivalent to USD 136,550 The month end exchange rate Is 1 Euro = 1.3755 USD What two statements are true for the resulting revaluation run?

• A.The original journal entry in Euros is Updated,
• B.You have an unrealized exchange loss recorded.
• C.You have an unrealized exchange gain recorded.
• D.There is no unrealized exchange gain or loss calculated
• E.The original Journal entry in Euros remains the same.

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