You have enabled budgetary control and have a control budget set to Advisory control level. ForSeptember
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

• A.Purchase order encumbrance will be released for $2,100 USD
• B.No change
• C.The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
• D.As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
• E.Funds reservation only happens for non-matched invoices, so the system will not reserve funds

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Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

• A.They need to license a separate stand-alone Intercompany product that acts asthe Intercompany Accounting Hub
• B.Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
• C.Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
• D.Each product has its own Intercompany Accounting feature that needs to be set up separately

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You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason

• A.Accounting Configuration was not submitted
• B.Two tree versions were not defined
• C.Chart of accounts was not deployed
• D.An Audit process needs to be successfully performed before a tree version can be set to Active

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

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

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The Accounting Manager requests that a schedule be created to automate.ca.ly post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

• A.Journal Batch
• B.Journal Category
• C.Journal Source
• D.Journal Description

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