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Question ID 22221

One of your ABC.com co-workers, Tim, is working to define and develop Financial Statement
Generator reports where the budget amounts and actual amounts would display on the report per
period. Tim comes to you and says that he has defined an FSG report according to the client's
requirements; the actual amounts are correctly shown, but the problem is that budget amounts are
not showing up on the report. What is your response?

Option A

Budget status is Frozen.

Option B

The budget name needs to be associated with the row set through control values.

Option C

There is some issue with the assignment of accounts to the budget organization.

Option D

The first fiscal year of the budget was never opened.

Option E

The last fiscal year of the budget is Closed.

Correct Answer B
Description
Update Date and Time 2018-03-21 04:25:44

Question ID 22222

Jason, the corporate controller of ABC.com where you are implementing Oracle General Ledger,
Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany
System (GIS). He wrote some notes from a conversation with his accounting manager about GIS.
He wants you to validate which points he has written down about GIS are true. Identify Jason's
three correct points. (Choose three.)

Option A

GIS enables intercompany transactions to be approved after transfer from AP and AR.

Option B

Unlike intercompany accounting within the same set of books, GIS only works between sets of
books but not within the same set of books.

Option C

Intercompany journals are created automatically as soon as they are approved.

Option D

You can set up GIS so that the sender's transactions do not need to be approved by the
receiver.

Option E

Each company that uses GIS must be set up as a subsidiary that is associated with a balancing
segment value.

Option F

You can optionally send notifications to a defined user or responsibility when an intercompany
transaction is initiated.

Correct Answer D,E,F
Description
Update Date and Time 2018-03-21 04:27:00