Oracle Financials Cloud: General Ledger 2016 Implementation Essentials - 1z1-333 Exam Practice Test

A. Close the General Ledger period in the Manage Accounting Periods page.

B. Freeze the Intercompany Journal source in General Ledger.

C. Close Intercompany periods in Fusion Intercompany.

D. Close all subledger periods.

A. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

B. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

C. Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.

D. Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively

A. IT Security Manager

B. Any functional user

C. Application Implementation Consultant

D. Application Implementation Manager

E. Functional Setup Manager Superuser

A. Centrally manage the close processes across subledgers and ledgers.

B. Provide a central place to access and perform all of the setup steps across Fusion application product

C. Automatically mark the status of tasks as Completed after they have been completed.

D. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

E. Assign setup tasks to individuals with due dates where users must manually update their completion status.

A. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.

B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.

C. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.

D. Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.

A. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

B. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.

C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

D. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."

A. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

B. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules

C. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.

D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

A. Journal Description

B. Journal Category

C. Journal Batch

D. Journal Source