Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?

• A.Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
• B.Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
• C.Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
• D.Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment

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

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

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

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

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You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ).
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The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)

• A.The rules will validate and apply to new and existing accounts
• B.The rules validate and apply to new accounts only
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• C.You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
• D.You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
• E.There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance

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