1z0-517

1z0-517 practice questions, page 6 of 12, with answer review and explanations.

Question 26

Select two statements that are correct for the secondary tracking segment. (Choose two.)

  1. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.
  2. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.
  3. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
  4. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
  5. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses

Question 27

Identify four consolidation tools. (Choose four.)

  1. Interface Data Transformer
  2. Global Consolidation System
  3. Global Intercompany System
  4. Financial Statement Generator
  5. Applications Desktop Integrator

Question 28

Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

  1. Both budget and actual balances can be consolidated.
  2. Consolidation is possible only when the subsidiaries use multiple Oracle application instances.
  3. You can consolidate balances only when there are separate ledgers for different companies.
  4. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.

Question 29

ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates the accounts of all subsidiaries and the headquarters by using the average balances. John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for the current month. On completion of the consolidation, John was not able to tally the consolidated figures with the ledgers. Select two reasons why John failed to see the correct balances. (Choose two.)

  1. Posting of the consolidation journals may have failed.
  2. He forgot to add the prior periods consolidation in the current period.
  3. Manual adjustment needed after every consolidation was not performed.
  4. John may not have reversed the prior periods consolidation in the current period.

Question 30

Select two restrictions that apply to consolidating budget balances. (Choose two.)

  1. If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.
  2. If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.
  3. If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.
  4. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.
  5. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.