Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

• A.Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
• B.Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
• C.Use thespreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
• D.There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management

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All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is nominority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?

• A.Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances tothe corporate consolidation ledger using the balance transfer program
• B.Use Oracle Hyperion Financial Management for this type of complex consolidation.
• C.Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
• D.Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

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You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

• A.Enterprise Resource Budget Integrator
• B.Application Developer Framework Desktop Integrator
• C.File Based Data Import
• D.The budget journal spreadsheet

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Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to performthe budget transfer?

• A.Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
• B.Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
• C.Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)
• D.Import Budget Amounts from Spreadsheet
  (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)

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Before implementing Financials Cloud, your customerused to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

• A.Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
• B.In Financials Cloud, you must manually reconcile your intercompany account balances
• C.Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
• D.Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
• E.Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

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