A subsidiary company, in a highly regulated country,where there is a legal requirement to produce fiscal reports under local GAAP, is about to configure their General Ledger.
Given the following:
Subledgers transferring to general ledger must use the local currency.
There is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to address this reporting requirement? (Choose two.)

• A.a secondary ledger with the IFRS accounting convention
• B.a primary ledger with the IFRS accounting convention
• C.a reporting currency with the IFRS accounting convention
• D.a primary ledger with the local accounting convention
• E.a reporting currency with the local accounting convention

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Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?

• A.Balancing Segment Value Assignment to Legal Entities
• B.Segment Value Security
• C.Cross-Validation Rules
• D.Data Access Sets using an Access Set Type of Primary Balancing Segment

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You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

• A.Analyze external system transactions
• B.Create the accounting in the source system and then import the journal entries into subledger accounting
• C.Capture accounting events
• D.Determine the accounting impact of transactions

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You are setting up Close Monitor, which comprise a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share.(Choose Two)

• A.Accounting Calendar
• B.Chart of Accounts. Currency, Accounting Calendar, an subledger Accounting Method.
• C.Chart of Accounts and Business Units.
• D.Legal Entities, Business Units and Chart of Accounts.

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You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria?
(Choose two.)

• A.Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
• B.Include all of your subledger sources in the AutoPost CriteriA. Divide up criteria sets by subledger source only if you need to schedule different posting times
• C.Create your AutoPost criteria using minimal sources and categories
• D.Schedule your AutoPostCriteria set to run during off-peak hours only

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