What type of user must be defined before you can create an Implementation Project?

• A. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
• B. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
• C. A full-time employee that has the FSM Superuser role assigned
• D. Implementation Users
• E. All roles that will be used throughout the implementation

Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

• A. Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
• B. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
• C. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
• D. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

• A. Transaction Objects
• B. Event Entities
• C. Mapping Sets
• D. Event Classes
• E. Accounting attributes

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?

• A. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
• B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
• C. Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
• D. Use Oracle Hyperion Financial Management for this type of complex consolidation.

Which statement is true when creating an Implementation Project for Fusion Financials?

• A. Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
• B. Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
• C. You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
• D. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.