Oracle
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1Z0-211
1.Which two statements would be true when helping a customer make implementation decisions
for General Ledger? (Choose two)
A.Integration issues can be minimized.
B.Cost of upgrades would not be affected.
C.Patching cannot be done on a customized implementation.
D.Training can be standardized when Oracle is implemented without customization.
E.All Oracle subledger journals go directly to General Ledger to overcome interface problems.
Correct:A D
2.Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser
responsibility. She has successfully created a standard Profit and Loss statement for the
company. Another member of the department with a General Ledger Supervisor responsibility has
been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the
expenses accounts. Which two steps should she perform so that the Profit and Loss statement
will run successfully? (Choose two.)
A.Recreate the Profit and Loss under her own responsibility.
B.Ask to have security removed from her responsibility.
C.Perform an on-line inquiry to get the revenue balances.
D.Ask to have the profile option FSG: Enforce Segment Value Security changed to No.
Correct:B D
3.In creating a report, what is true about the column set? (Choose two.)
A.Formats can be set for each column.
B.Accounts cannot be assigned to a column set.
C.Calculations can be performed using columns.
D.Seeded column sets provided by Oracle must be used.
Correct:A C
4.Select the two minimum set up steps for intercompany accounting. (Choose two.)
A.Define a clearing company for all many-to-many intercompany journals.
B.Include an Intercompany segment in the chart of accounts structure.
C.Enable the Intercompany Qualifier for the Intercompany segment.
D.Enable Balance Intercompany Journal when defining the set of books.
E.Set up intercompany accounts for every journal source and journal category for intercompany
transactions.
F.Set up intercompany accounts for journal source and journal category of Other.
G.Define a value set for the Company and Intercompany segments.
H.Define a journal source and a journal category for Intercompany.
Correct:D F
5.Select the three true statements about mapping rules. (Choose three.)
A.A rollup rule tells General Ledger what detail level of information to transfer and how to roll that
information up to the parent.
B.There are only three rollup rules: 1. Transfer Level Detail - Using Detail Ranges; 2. Transfer Level Detail
- Using Parent; 3. Transfer Level Summary - Using Parent
C.You can define a combination of segment values and account rules.
D.There are only two mapping rule actions: 1. Copy Value from; 2. Assign Value from
E.Mapping sets enable you transfer data from multiple subsidiaries simultaneously.
Correct:A C E
6.XYZ Corporation has two sets of books and six inventory organizations. What is the minimum
number of times that XYZ needs to run the general ledger interface in order to close the inventory
at the end of each accounting cycle?
A.2
B.4
C.6
D.8
E.10
F.12
Correct:C
7.XYZ Company has many Financial Statement Generator reports created to produce Profit &
Loss statements and Balance Sheet reports. Occasionally XYZ has a need to run a report that is
slightly different than the standard ones that are already created. Which two types of changes
could XYZ make using the Row Order feature? (Choose two.)
A.add a new calculation
B.sort based on column values
C.display segment values and descriptions
D.change how rounding options are performed
Correct:B C
8.XYZ Enterprise has two diverse business operations in retail stores and services. It has five
legal entities in Canada and five in the United States for both operations. The fiscal year end is the
same for all the legal entities with 12 monthly periods. However, XYZ wants to use a 4-5-4
accounting calendar for its retail operations and a calendar-month accounting calendar for the
services operations. XYZ also wants to use a single chart of accounts structure. Which five items
must XYZ define to meet the minimum setup steps that are required for the sets of books for all
legal entities? (Choose five.)
A.two sets of books
B.four sets of books
C.three sets of books
D.account combinations
E.one accounting calendar
F.two accounting calendars
G.chart of accounts structure
H.period types or use seeded ones
I.enable seeded CAD and USD currencies
Correct:B F G H I
