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NEW QUESTION 28
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)

• A. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
• B. The control budget structure has all the chart of account segments as budget segments
• C. A control budget can allow override rules only if the control level is absolute
• D. Control budgets are always absolute to generate encumbrance accounting
• E. A control budget can be associated with a different calendar than accounting calendar

Answer: C,D,E

NEW QUESTION 29
Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

• A. Event Type
• B. Event Class
• C. Journal Entry Rule Set
• D. Journal Entry
• E. Journal Line Rule

Answer: E

NEW QUESTION 30
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

• A. Never use the Outer Point of View (POV)
• B. Only specify segment values in formulas
• C. Specify Run Time Prompts (RTP)
• D. Always use the Outer Point of View (POV)

Answer: D

Explanation:
A Point of View is used to define dimension values that remain fixed throughout the entire allocation rule. For example, assume a chart of accounts includes a segment for future use. The Point of View fixes the value to be the default value so that the dimension value does not have to be selected while defining the source, basis, target, offset, or allocation range

NEW QUESTION 31
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

• A. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
• B. Run Revaluation to translate into Statistical Currency
• C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
• D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

Answer: D

NEW QUESTION 32
You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

• A. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
• B. You must re-deploy the chart of accounts
• C. A Data Access Set with full read/write access to the ledger is automatically created
• D. You must assign the job role and data security context to each user

Answer: C,D

NEW QUESTION 33
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