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Topic 2 Q&A
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Practice questions for this set

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c, d

Choose matching term

In Oracle GL, Primary ledger is the main record keeping ledger. Which of the
following are the mandatory components to define a primary ledger? (Choose 2)
a. Transaction calendar
1
b. Suspense account
c. Accounting convention
d. Chart of accounts (COA)

Which of the following modules required you to enable a cost center segment?
(Choose 2)
a. Payables
b. Collections
2
c. Expenses
d. Receivables
e. Assets
f. Cash management
In oracle fusion financials which of the following should be the balancing segment?
a. Segment at which journals need to be balanced
3 b. Segment at which assets and liabilities are recorded
c. Company segment
d. Intercompany account segment

How many segments can you have in your CoA?


a. Up to 30
b. Up to 10
4
c. Up to 20
d. Up to 40
e. Up to 50

Don't know?

Terms in this set (22)

Reporting currencies a, b, c
maintain and report
subledger and general
ledger journal entries in
additional currencies. A
reporting currency is
linked to a primary or
secondary ledger and
can be maintained at
three data conversion
levels. (Choose 3)
a. Balance level
b. Journal level
c. Subledger level
d. Adjustment only level
e. Ledger level
In Oracle GL, Primary c, d
ledger is the main record
keeping ledger. Which of
the following are the
mandatory components
to define a primary
ledger? (Choose 2)
a. Transaction calendar
b. Suspense account
c. Accounting convention
d. Chart of accounts
(COA)

Which of the following c, e


modules required you to
enable a cost center
segment? (Choose 2)
a. Payables
b. Collections
c. Expenses
d. Receivables
e. Assets
f. Cash management

If many legal entities a


share a ledger, you
should identify them by
assigning___________.
a. A balancing segment
value
b. A natural account
segment value
c. A cost center segment
value
d. An intercompany
segment value
e. None of the above,
because you can only
have one legal entity in a
ledger
Which option indicates c
the structure set by the
CoA?
a. Number of segments,
segment sequence,
default value sets, and
dynamic combination
creation allowed
b. Segment sequence,
default values sets,
dynamic combination
creation allowed, and
segment prompts
c. Segment name,
segment sequence,
default value sets, and
number of segments
d. None of the above

How many balancing a


segments are required
for CoA?
a. 1
b. 3
c. 4
d. 2

How many segments can a


you have in your CoA?
a. Up to 30
b. Up to 10
c. Up to 20
d. Up to 40
e. Up to 50
Which statements are a, d
true about the CoA
instance? (Choose 2)
a. In the COA instance,
you have the ability to
override the value set
assignment for segments
b. You can specify the
desired sequence of
segments
c. You can define security
rules in the COA instance
d. Multiple COA
instances can be created
from the same COA
e. Multiple COAs can be
created from the same
COA instance

What are the a, b, d


fundamental structures in
any organization?
a. Legal
b. Functional
c. Department
d. Business

In Oracle fusion b
financials, how many
balancing segments can
be defined?
a. 2
b. 0
c. 3
d. 1
You decide to use a b
secondary ledger to
maintain another
accounting
representation of your
primary ledger—the two
ledgers share the same
calendar, currency, and
accounting method.
What would you need to
set up in addition to the
secondary ledger?
a. An account group
b. A chart of accounts
mapping
c. A mapping set
d. None of the above
because a secondary
ledger must share the
same CoA as the primary
ledger

Which of the following c


components, defaulting
from the CoA structure
can be overwritten when
defining the CoA
instance?
a. Number of segments
b. Order of segments
c. Value sets
d. Value set validation
When a business function c
produces financial
transactions, the business
unit must be assigned to
a primary ledger and a
default legal entity.
Which of the following
statements is true?
a. Transactions created
by different business
functions must be posted
to different legal entities
b. A business unit can
post transactions to only
one legal entity, which is
the one assigned to it
c. A business unit can
post transactions to
multiple legal entities
d. A business unit can
post transactions to
multiple primary legers

The number of balancing a


segments in your CoA
should depend on:
a. The number of levels at
which your balance sheet
is generated
b. The number of levels at
which your profit and loss
statement is generated
c. The number of levels at
which your cash flow
statement is generated
d. The number of levels at
which your trial balance
is generated
In oracle fusion financials a
which of the following
should be the balancing
segment?
a. Segment at which
journals need to be
balanced
b. Segment at which
assets and liabilities are
recorded
c. Company segment
d. Intercompany account
segment

In oracle fusion GL, a


mapping from primary
ledger to secondary
ledger needs to be
performed when one of
the entities is different
between the two ledgers.
Identify the entity.
a. CoA
b. Currency
c. Calendar
d. Accounting method

In oracle cloud financials, c


the accounting method is
assigned to:
a. Subledger
b. Journal header
c. Ledger
d. Journal batch
In oracle financials, if no a
balancing segment
values are assigned to
the ledger or to the legal
entity, then:
a. Users will be able to
enter transactions for all
balancing segment
values
b. It is mandatory to
assign at least one
balancing segment value
to the ledger
c. Users will be able to
enter transactions for the
default balancing
segment value specified
in the ledger options
d. Users will not be able
to enter transactions for
any balancing segment
value

For which of the c


following segment labels
are account type, third
party control account,
reconcile, and financial
control available?
a. Parent account
b. Cost center
c. Natural account
d. Balancing segment
In oracle cloud financials, c
which of the following
segment labels are
optional?
a. Balancing segment
b. All segment labels are
mandatory
c. Cost center
d. Natural account

In oracle fusion financials, a, b, d


a reporting currency can
be linked to a primary or
a secondary ledger. At
which of the below data
conversion levels can it
be maintained? (Choose
3)
a. Balance level
b. Journal level
c. Adjustment level
d. Subledger level
e. Ledger level

If your business scenario c


requires multiple CoA,
and you need
intercompany balancing
then you should use the
same values, across CoAs
for which of the
following?
a. Natural account value
set
b. Value sets for all
segments
c. Intercompany value set
d. Primary balancing
segment value set

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