Testking Oracle 11i 1z0-211
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Exam 1z0-211: Oracle General Ledger 11i Fundamentals
Exam Number: 1Z0-211
Associated Certifications: Oracle 11i Financials Consultant
Exam Price: $195 USD
Exam Registration: Register
Duration: 90 minutes
Number of Questions: 66
Passing Score: 60%
Recommended Training and Preparation
11i General Ledger Management Fundamentals Ed 3.1
This exam is based on Oracle E-Business Suite 11i.10.
Oracle Applications 11i General Ledger Fundamentals Self-Study CD Courses (NETg Oracle)
Self-Study CD-ROMs are an excellent tool to help you prepare for your exam. SSCDs reinforce the course material and allow you to focus on sections that you need to review. Note: the SSCDs do not count towards your course requirements for certification and should be used as a study aid only.
Additional Information & Resources
Oracle 11i Financials Candidate Guide
Exam Retake policies
Exam Topics
Oracle General Ledger Process
[ ] Identify the steps required to complete the accounting cycle using Oracle General Ledger
[ ] Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
[ ] Describe the implementation considerations for setting up and using Oracle General Ledger and the Oracle eBusiness Suite
[ ] Describe the Functions and Features of Oracle General Ledger
Set of Books
[ ] Describe the elements required to create a set of books within Oracle General Ledger
[ ] Explain the steps for Creating a Set of Books
[ ] Identify key implementation issues involved when creating a set of books in Oracle General Ledger
[ ] Identify the attributes, options and settings required to define the Accounting Flexfield
[ ] Define an accounting calendar and enable predefined currencies
[ ] Create a set of books in Oracle General Ledger
[ ] Utilize the Account Hierarchy Editor feature of Applications Desktop Integrator to view and maintain Accounting Flexfield values
Basic Journal Entries
[ ] Describe how journal entries are positioned in the accounting cycle
[ ] Identify the types of journal entries
[ ] Create manual journal entries
[ ] Post journal entries using various posting options
[ ] Perform account inquiries
[ ] Perform drilldowns to Oracle subledger applications
[ ] Create reversing entries
[ ] Use ADI to create journal entries
[ ] Import journal entry information using the GL_INTERFACE
[ ] Describe the setup options available to process journal entries
[ ] Identify reports, listings and inquiry options available for journal entries
[ ] Identify the profile options necessary to process journal entries
[ ] Identify the key implementation issues regarding journal entries and General Ledger
[ ] Identify the key elements of Applications Desktop Integrator (ADI)
[ ] Setup ADI security
[ ] Setup database connections
[ ] Setup the ADI toolbar, general ledger and language options
[ ] Identify ADI profile options
[ ] Perform ADI diagnostic system checks
Summary Accounts
[ ] Describe summary accounts and how they are used in General Ledger
[ ] Describe the difference between Summary accounts and Parent values
[ ] Define rollup groups for summary account creation and assign parent values to rollup groups
[ ] Determine the number of summary accounts created by a template using a specific formula
[ ] Enter summary account templates to create summary accounts
[ ] Maintain summary accounts
[ ] Describe key implementation considerations in planning summary accounts
Advanced Journal Entries
[ ] Describe, create and generate the three types of recurring Journals
[ ] Enumerate the steps to define Mass allocations and define mass allocation journals
[ ] Describe the features of AutoAllocations
[ ] Describe AutoScheduling and Journal Scheduling
[ ] Describe the features and process of Journal Approval
[ ] Identify the key issues and considerations when implementing the Auto Allocation workbench and Journal Entry Automation
Intercompany
[ ] Describe the solutions to account for intercompany transactions
[ ] Describe the set up steps for Intercompany Accounting
[ ] Enter Intercompany Transactions
Global Intercompany System
[ ] Describe GIS (Global Intercompany System)
[ ] Set up GIS Subsidiaries
[ ] Create GIS Transaction Types
[ ] Define GIS Clearing Accounts
[ ] Define Autoaccounting Rules
[ ] Enter and report on GIS Transactions
Financial Budgeting
[ ] Explain the anatomy of a budget
[ ] Enumerate the budget accounting cycle
[ ] Define a budget and budget organization
[ ] Enumerate the budget entry methods
[ ] Apply budget rules and enter budget journals
[ ] Perform transfer of budgets
[ ] Freeze and unfreeze budgets and Review and correct budgets
[ ] Translate budget balances
[ ] Perform budget inquiry
[ ] Review balances in Master/Detail budgets
[ ] Create a budget worksheet in Budget Wizard
[ ] Upload budgets from Budget Wizard and external sources
[ ] Describe budget reporting methods
[ ] List standard budget reports
[ ] Plan budget implementation requirements
Multi-Currency
[ ] Describe the foreign currency concepts
[ ] Explain Multiple Currency Accounting
[ ] List the steps that need to be completed before entering foreign currency transactions
[ ] Enter foreign currency journals and explain conversion
[ ] Revalue foreign currency balances
[ ] Explain MRC Revaluation against Primary Currency Description
[ ] Describe Currency rates manager
[ ] Translate functional balances into foreign currency
[ ] Set up and describe Secondary tracking segment
[ ] Describe Foreign currency Listings and reports and MRC profile options
Consolidations
[ ] Explain Consolidations and Consolidation tools
[ ] Identify the key implementation issues regarding consolidations
[ ] Identify the features and functionality of Global Consolidation System (GCS)
[ ] Describe Interface data Transformer with examples
[ ] Describe the elements of the Consolidation Workbench
[ ] Define consolidation mapping
[ ] List the steps to be done before transferring balances from subsidiary set of books
[ ] Create eliminating entries
[ ] Identify reports and inquiry options available for consolidations
Period Close
[ ] Explain the accounting cycle
[ ] Identify steps in the close process
[ ] Perform journal import of subledger balances
[ ] Reconcile to the subledger: P2P Period Close and reports
[ ] Reconcile to the subledger: O2C Period Close and reports
[ ] Reconcile to the subledger: Projects Period Close
[ ] Run revaluation
[ ] Close the period
[ ] Consolidate account balances
[ ] Inquire and run reports on final balances
Financial Reporting
[ ] Explain Online Enquiry and Standard Reports and Listings
[ ] Identify the basic report building concepts
[ ] Explain the elements of the Financial Statement Generator (FSG necessary to create financial reports
[ ] Create basic FSG report definitions
[ ] Identify listing reports available for FSG report definitions
[ ] Identify profile option settings required to implement financial reporting
[ ] Utilize the Report Wizard of ADI to create FSG report definitions
[ ] Utilize the ADI Request Center to submit and publish financial reports
[ ] Utilize the ADI Analysis Wizard to view account balance and detail information
[ ] Explain other reporting tools (Discoverer, OFA, E-Business Intelligence, Rxi reports)
[ ] Describe XBRL Reporting language
[ ] Identify the key implementation issues regarding Oracle General Ledger financial reporting
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View the Oracle Certification Program Candidate Agreement which requires your agreement before the start of each exam.
Recommended Training about 1z0-211 exam PDF
The following courses are the recommended training for 1z0-211 exam PDF.
1z0-211 Q & A with Explanations
1z0-211 Audio Exam
1z0-211 Study Guide
1z0-211 Preparation Lab
1z0-211 Exam: Freetestking’s Oracle 11i General Ledger PDF
The Oracle 11i General Ledger PDF for preparing for the 1z0-211 exam – Freetestking’s Oracle 11i General Ledger. Freetestking is your premier source for practice tests, and true testing environment. Nothing will prepare you for your next exam like a Freetestking. You find it all here at certbible.org.
Question: 1
Which two statements would be true when helping a customer make implementation decisions for
General Ledger?
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
Answer: A, D Question: 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.
Answer: B, D Question: 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.
Answer: A, C Question: 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.
Answer: D, F Question: 5
Select the three true statements about mapping rules. (Choose three.)
TK
Exam Name: Oracle 11i General Ledger
Exam Type: Oracle
Exam Code: 1Z0-211 Total Questions: 122
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.
Answer: A, C, E Question: 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
Answer: C Question: 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
B – change how rounding options are performed
Answer: B, C Question: 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
TK
Exam Name: Oracle 11i General Ledger
Exam Type: Oracle
Exam Code: 1Z0-211 Total Questions: 122
Answer: B, F, G, H, I
Question: 9
BK Corporation has a legal entity in each of its business operations in the United States, Canada, Malaysia, Singapore, and Italy. The controller in Italy advises that the corporation must use the Italian statutory accounts as its natural accounts. The corporation decides to define five sets of
books (one for each country) but wants to use a single, global chart of accounts structure.
Choose a possible design (for the sets of books) that uses a single, global chart of accounts structure, and also meets the Italian controller
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