1Z0-228 | The Secret of Oracle 1Z0-228 pdf
Q21. In which primary ChartField(s) does Year End Close allow a company to close out P&L balances to retained earnings?
A. Fund
B. Account and Alternate Account
C. Project
D. Account and Department
E. Department
F. Operating Unit
Answer: B
Q22. You are setting up the ledgers in "Ledgers For A Unit."
Which four items must be specified for each detail ledger before posting Business Unit data?
A. open periods for posting
B. balanced or unbalanced ledgers
C. Combination Edit Rules and Groups
D. the year and adjustment periods for posting any adjustments
E. Average Daily Balance processing rules
F. Consolidations and Equitizations options
G. rules for handling Journal processing, Currency, and Approval options
Answer: A,C,D,E
Q23. What does altering the description on an existing tree node do?
A. changes the description for that node (with no effective date) only on that tree
B. creates an error message that the description of the tree nodes cannot be changed
C. creates a new effective-dated row, which allows you to input a new description only for that tree
D. allows you to change the current description (or create a new effective-dated description), which updates all trees that use this node
Answer: D
Q24. You created a journal by using a Journal Entry TemplatE. However, before posting the journal, you realize that you missed a ChartField because it was not visible in the Journal Entry Template that you useD.
What should you do to fix the error?
A. Perform a SQL update to the journal.
B. Select another Journal Entry TemplatE.
C. Correct the error in Suspense Correction.
D. Find a technical consultant to fix the error.
Answer: A
Q25. In what period are balance forward amounts stored?
A. Period 0
B. Period 1
C. Period 998
D. Period 999
Answer: A
Q26. You can enable PeopleSoft Financials Audit Framework (Audit Logging):
A. from the Enable Audit Logging page
B. to provide a detail audit trail of selected journal processing events
C. for PeopleSoft General Ledger, Payables, Receivables, and Asset Management
D. to track deleted journal entries
E. All of the above
Answer: E
Q27. Which Journal feature can be effective-dated?
A. SpeedType
B. Journal Class
C. Journal Source
D. Standard Journal
E. Journal Entry Template
Answer: D
Q28. Company ABC has 10 Business Units and a shared SetID called SHARE. How many SetlDs does ABC have?
A. Ten
B. Five
C. One
D. Zero
E. Eleven
Answer: A
Q29. Select two statements that best describe the purpose of Journal Class.
A. determines Feeder System
B. determines which ledger to post the journal to
C. is used to trigger People Code and processes
D. categorizes entries coming from both PeopleSoft and non-PeopleSoft Financial systems
E. breaks journal entries into multiple categories for reporting purposes
Answer: A,E
Q30. What is the function of the "Keep Ledgers in Sync" check box?
A. enables posting in multiple currencies
B. allows you to open and close all Business Units at once
C. allows you to report on multiple fiscal years
D. enables the system to post journal entries to all ledgers in the Ledger Group
E. combines multiple primary ledgers into a summary ledger
Answer: D