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Updated: Jul 31, 2026
Q & A: 76 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: General Ledger Configuration | - Chart of Accounts Structure
|
| Topic 2: Accounting and Subledger Integration | - Subledger Accounting
|
| Topic 3: Financial Reporting | - Reporting Tools
|
| Topic 4: Period Close Process | - Close Activities
|
| Topic 5: Journal Processing | - Journal Entries
|
1. Which two statements are true regarding the export/import of reports?
A) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
B) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
C) Reports on setup data can be used to compare and analyze how the data might have changed over time.
D) The export/import reports are available only for Fusion Customer Relationship Management.
E) A set of reports lists user names, suppliers, and customers that have been exported/imported
2. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?
A) Point of View (POV)
B) Formulas
C) Run Time Prompts (RTP)
D) RuleSets
3. What is the most efficient way to add a new year to the accounting calendar?
A) Add the periods manually
B) Import the periods from a spreadsheet
C) Use the Add Year button
D) The application automatically populates the next year when you open the first period a new fiscal year.
4. You lust submitted the Accounting Configuration. Which two statements are correct?
A) A Data Access Set with full read/write access to the ledger is automatically created.
B) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
C) Verify the data roles created and assign them to the General Ledger users.
D) Open the ledger's period to begin entering transactions.
5. You want to specify Intercompany System Options.
Which three factors should you consider?
A) The approvers who will approve intercompany transactions
B) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
C) Whether to allow receivers to reject intercompany transactions
D) Automatic or manual batch numbering and the minimum transaction amount
E) Automatic or manual batch numbering and the maximum transaction amount
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: B,C,D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B,C,E |
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