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NEW QUESTION: 1
Which of the following is NOT true in respect of bilateral close out netting:
A. All transactions are immediately closed out upon the occurrence of a credit event for either of the counterparties
B. The net amount due is immediately receivable or payable
C. All transactions are netted against each other
D. Transactions are separated by transaction type and immediately settled separately at each's replacement value
Answer: D
Explanation:
Explanation
Choice 'b', Choice 'c' and Choice 'a' correctly describe a bilateral close out netting as recommended by the ISDA. However Choice 'd' is not correct as it suggests individual settlement of transactions without netting which is the whole point of bilateral close out netting.
NEW QUESTION: 2
Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with an external system.
A. Enable external system to create Journal entries.
B. Analyze external system transactions.
C. Capture accounting events.
D. Determine the accounting impact of transactions.
Answer: A
Explanation:
The Oracle Fusion Accounting Hub allows you to use Subledger Accounting to perform accounting transformations on external, non-Oracle system data. Subledger Accounting is also used to flexibly create accounting for Oracle subledgers such as Oracle Payables and Receivables. Subledger Accounting includes:
*Registration of your external systems, indicating what types of transactions or activities require accounting from those systems.
*Create a library of transaction and reference information that will be used for defining accounting treatments.
*Configurable accounting rules to define accounting treatments for transactions.
*Accounting engine that combines transaction and reference information from source systems with accounting rules to create detailed journals stored in an accounting repository.
*Detailed subledger accounting journal entry repository to audit and reconcile accounting balances.
*Reports and user interface inquiries for analyzing accounting transformations.
*Configurable analytical balances based upon source system or reference attributes.
Note:
The Oracle Fusion Accounting Hub process can begin by using financial data from any or all of the
following:
*Non-Oracle external applications including transaction and reference information from industry, specific applications
*Oracle Fusion subledgers including subledger journals
*Oracle E-Business Suite, Oracle PeopleSoft, and Oracle JD Edwards General Ledgers including account balances
The Accounting Hub process ends with complete reporting and analysis solutions.
Note 2:
The Accounting Hub contains for example the following component:
* Oracle Fusion Subledger Accounting to perform accounting transformations on external system data
Reference: Oracle Fusion Accounting Hub Implementation Guide, Oracle Fusion Subledger Accounting for External Systems
NEW QUESTION: 3
Which one of the following statements about STONITH is NOT true?
A. It is recommended to use STONITH to increase the integrity of the cluster.
B. You can use hardware devices such as HP ILO or Dell DRAC management boards for STONITH.
C. Resources will migrate only after a STONITH operation has been issued successfully.
D. When setting up SSHSTONITH, you should use a dedicated communications link for the STONITH traffic in the cluster.
E. Null STONITH is a good solution if you have guaranteed the integrity of the file systems used in your cluster in another way.
Answer: D
NEW QUESTION: 4
A. Option B
B. Option C
C. Option D
D. Option A
Answer: C
Explanation:
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