1z0-517

1z0-517 practice questions, page 7 of 12, with answer review and explanations.

Question 31

Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

  1. It consolidates data from the legacy feeder system.
  2. This system creates consolidated journal entries in both the parent and subsidiary sets of books.
  3. GCS automatically generates journal entries to eliminate intercompany balances based on defined rules.
  4. It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise Planning and Budgeting.

Question 32

Select three statuses of the consolidation workbench. (Choose three.)

  1. posted
  2. entered
  3. exported
  4. reversed
  5. transferred

Question 33

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

  1. It ensures reapplication of the same rules each time you transfer.
  2. IDT provides greater flexibility by performing no validation on the imported data.
  3. User-defined conditions enable you to control when transformation rules must be applied.
  4. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.
  5. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

Question 34

Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)

  1. Only one action can be defined per parent segment.
  2. Consolidations based on account rules process faster.
  3. Consolidations based on segment rules process faster.
  4. Segment rules override account rules if there is any conflict.
  5. A segment rule action must be defined for each segment in the parent chart of accounts.

Question 35

Identify the three actions that you can perform using the consolidation workbench. (Choose three.)

  1. Access the state controller.
  2. Change the chart of accounts.
  3. Create consolidations sets, which launch multiple consolidations in a single step.
  4. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.