How do Cross Validation Rules(CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

• A.Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
• B.CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
• C.CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
• D.If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

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You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities. What type of report will provide this type of information?

• A.an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
• B.Aging Reports
• C.Journal Reports
• D.Account Analysis Report

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You need toset up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?

• A.Year
• B.Calendar
• C.Fiscal
• D.Period

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Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), one legal entity in France (BSV 401), and one legal entity in the UK (BSV 402).
Both US legalentities share the same ledger, whereas the UK and France have their own ledgers.
Assuming intercompany transactions are not being entered, what is the minimal action you can take and still configure the ledgers correctly?

• A.You should assign the balancing segment value to the ledger in the US and assign a balancing segment value to identify each legal entity in the UK and France ledgers.
• B.You should assign a balancingsegment value to identify each legal entity in the US Ledger and assign the balancing segment values to the ledger in the UK and France.
• C.You should assign abalancing segment value to identify each legal entity in each ledger.
• D.You should assign a balancing segment value to identify each legal entity in the US ledger.

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Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

• A.Average balances are stored for both subledger balances and general ledger balances
• B.Average balances are stored in the Essbase cube
• C.ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances
• D.When using ADB, you must define a daily calendar and assign it to your ADB ledger
• E.Average balances are maintained for both actual and budget balances

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