QUESTION: 9

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.

They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
Use Oracle Hyperion Financial Management for this type of complex consolidation
Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
Define multiple ledgers for consolidation and report on ledger set

Answer(s): B

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QUESTION: 10

You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

Never use the Outer Point of View (POV)
Always use the Outer Point of View (POV)
Specify Run Time Prompts (RTP)
Only specify segment values in formulas

Answer(s): C

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QUESTION: 11

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

Use Smart View, which is an Excel Add-on
Use Account Inspector that automatically creates graphs on financial balances
When viewing the report, download to Excel and use Excel's Charting features to create your bar graph
When designing your financial statement using Financial Report (FR), embed a chart into your report

Answer(s): D

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