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NEW QUESTION 42 Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accounts but are required to transact and report in their local currency. What is the minimum number of ledgers you need and why?

• A. One, because they can all share the same chart of accounts
• B. Two, because the US and Canada can share the same ledger because they are in North America
• C. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
• D. Three, because each requires a different currency

Answer: A   NEW QUESTION 43 Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

• A. Invoice type will have less funds available by $400 USD
• B. $400 USD will be expired and not available for use
• C. Only obligation type will have $400 USD funds available
• D. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD
• E. $400 USD will be added back to available funds

Answer: E   NEW QUESTION 44 Which repot show you differences between your subledger balances and General Ledger balances?

• A. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
• B. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
• C. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
• D. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

Answer: B   NEW QUESTION 45 When creating financial Reports which two tools use data from the General Ledger Balances Cube?

• A. Financial Reporting Center
• B. Financial Reporting Studio
• C. Oracle Financial Statement Generator
• D. Smart view

Answer: B,D Explanation: https://docs.oracle.com/en/cloud/saas/financials/20b/occar/introduction-to-financial- reporting.html#OCCAR513446   NEW QUESTION 46 ......