Oracle.Actualtests.1z0-960.v2019-03-03.by.Ambria...Mar 03, 2019 · extract the data in Rich Text...

https://www.gratisexam.com/

1z0-960.75q

Number: 1z0-960Passing Score: 800Time Limit: 120 min


1z0-960

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials


Exam A

QUESTION 1Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A. Delete the journal and create a new journal. B. Update the journal through workflowC. Click the Withdraw Approval button in the Edit Journals page and edit the journal.D. Reverse the journal and create a new one.

Correct Answer: BSection: (none)Explanation

Explanation/Reference:

QUESTION 2What 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 EntitiesC. Mapping SetsD. Accounting attributesE. Event Classes

Correct Answer: ASection: (none)Explanation

Explanation/Reference:Explanation:https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm


QUESTION 3You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute theaccount's activities.

What type of report will provide this type of information?

A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balancesB. Account Analysis Reports C. Journals ReportsD. Aging Reports

Correct Answer: CSection: (none)Explanation


QUESTION 4Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, the customer wants to have threebalancing segments.

Which two recommendations would you give your customer?

A. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the systemwill not automatically balance the journal.

B. Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.C. Additional intercompany rules will need to be defined for the two additional balancing segments.D. Define Ledger balancing options to balance by second and third balancing segments.

Correct Answer: ADSection: (none)Explanation


QUESTION 5


Your customer is having issues transferring intercompany transactions to General Ledger.

Identify three reasons for this.

A. The intercompany transaction is not approved.B. The corresponding Payables and Receivables invoice have not been generated.C. If they are different, then the exchange rate is missing between the intercompany and ledger currency.D. The intercompany period is closed.E. Both the intercompany and general ledger periods are open.

Correct Answer: ABCSection: (none)Explanation


QUESTION 6Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured toextract the data in Rich Text Format or XML?

A. Financial Reporting CenterB. Oracle Transactional Business Intelligence (OTBI) C. Business Intelligence Publisher (BI Publisher).D. Smart ViewE. Oracle Data Visualization Cloud Service



QUESTION 7After loading your budget data into Fusion General Ledger, you can view budget balances using these features.

Which feature does not belong on the list?


A. Application Development Framework Desktop Integration (ADFdi) B. Account InspectorC. Account Monitor D. Smart View



QUESTION 8You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 USD is matched to the purchase order.

What will be the fund status of the purchase order and invoice?

A. The purchase order is Partially Liquidated and the invoice is Partially Reserved. B. The purchase order is Partially Liquidated and the invoice will be Reserved.C. Both are reserved.D. The purchase order is Liquidated and the invoice is Partially Reserved. E. Both are Partially Reserved.F. The purchase order is Open and the invoice is Validated.



QUESTION 9Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

A. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.B. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated

balances.


C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.D. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.


Explanation/Reference:Explanation:To avoid data corruption, your cumulative adjustment account (CTA) can only be changed if you first perform the following set of steps:

Purge all translated balancesChange the CTA accountRerun translation

Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

QUESTION 10Who are the three primary Functional Setup Manager users?

A. End Users that perform transaction processingB. Implementation Project Managers and Consultants C. System AdministratorsD. Application DevelopersE. C-Level Executives


Explanation/Reference:Explanation:http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm

QUESTION 11You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, whichcould cause an out-of-balance situation between your sub ledgers and general ledger.



Which two aspects should you consider when defining your AutoPost Criteria?

A. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.C. Create your AutoPost criteria using minimal source and categories. D. Schedule your AutoPost Criteria set to run during off-peak hours only

Correct Answer: ABSection: (none)Explanation


QUESTION 12You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A. You can use hierarchies to define rules.B. The Segment Value Security rules do not take effect until you assign the rules to users and products.C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products.D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.

Correct Answer: ACSection: (none)Explanation

Explanation/Reference:Explanation:https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm

QUESTION 13


You've set up the standard accrual with encumbrance accounting for your ledger and you realized that the encumbrance journals are defaulting with current date asthe accounting date.

What is causing this?

A. The subledger accounting option is set to system date.B. The actual accounting date was set up under the encumbrance accounting Default Date Rule. C. The system date was set up under the encumbrance accounting Default Date Rule.D. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.

Correct Answer: DSection: (none)Explanation


QUESTION 14What Is Oracle Essbase?

A. A robust reporting and analysis tool B. A relational databaseC. A data ware houseD. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger


Explanation/Reference:Explanation: http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?hybrid.htm

QUESTION 15You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.

How do you accomplish this?


A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPointB. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPointC. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.



QUESTION 16Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.

What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

A. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, andnatural account segment, respectively

B. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, costcenter segment, natural account segment, and intercompany segment, respectively.

C. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancingsegment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

D. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment andintercompany segment, cost center segment, and natural account segment, respectively.



QUESTION 17All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency.There is no minority interest or partial ownerships.

What is Oracle's recommended approach to performing consolidations?


A. Use Oracle Hyperion Financial Management for this type of complex consolidation.B. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate Chart of accounts, then transfer balances to the corporate

consolidation ledger using the balance transfer program.C. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce

consolidated reports by balancing segment where each report represents a different subsidiary.D. 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.



QUESTION 18You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.

How would you achieve this?

A. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.B. When designing your financial statement using Financial Report (FR), embed a chart into your report.C. Use Account Inspector that automatically creates graphs on financial balances. D. Use Smart View, which is and Excel Add-on.


Explanation/Reference:Explanation:https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm

QUESTION 19You want to monitor the close process of all your financial subledgers and ledgers.

How can you quickly obtain this information?


A. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.B. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers. C. Use Close Monitor in General Accounting Dashboard.D. Run Closing Status reports.



QUESTION 20In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?

A. They can format each table by hiding and showing columns, moving columns, and resizing columns.B. They can use Personalization to move and remove regions from those pages.C. Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.D. They can have the System Administration customize pages for them using Page Composer.



QUESTION 21Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and managementreporting.

What is Oracle's suggested best practice for doing this?

A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.C. Create three segments for the Company, Line of Business, and Product segments and qualify them as the primary balancing segment, second, and third

balancing segments, respectively.D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the

Product Segment.



Explanation/Reference:Explanation:http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm

QUESTION 22Which three objectives must be considered when designing the chart of accounts? (Choose three.)

A. Effectively manage an organization's financial business. B. Consider implementing a single, global chart of accountsC. Anticipate growth and maintenance needs as organizational changes occur. D. Limit the number of segments to those you need today to reduce data entry.E. Try to use all 30 segments and 25 characters per segment because you cannot change it later.



QUESTION 23Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

A. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.B. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.C. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications.D. OTBI allows you to create custom reports from real-time transactional data against the database directly.E. Cloud customers can use both OTBI and OBIA.

Correct Answer: BCDSection: (none)Explanation



QUESTION 24Your customer wants to use a clearing company to automatically balance Intercompany entries. Which three statements are true regarding the use of a clearingcompany value? (Choose three.)

A. Clearing companies are not supported.B. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity.C. You must map legal entities to balancing segment values in order to use a clearing company. D. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger.E. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger

journal.

Correct Answer: ACESection: (none)Explanation


QUESTION 25What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)


A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.B. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also

updated simultaneously.C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.D. Posting performance is much faster.E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

Correct Answer: BDSection: (none)


Explanation


QUESTION 26Your customer has enabled budgetary and encumbrance controls at the requisition level. You have a purchase order for $1,000 USD, which is fully reserved andhas one invoice for $600 USD. When the purchase order is matched through the final match process, 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. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD.C. Only obligation type will have $400 USD funds available. D. $400 USD will be added back to available fundsE. $400USD will be expired and not available for use.



QUESTION 27Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with aledger in each country with a Corporate chart of account instance that has four segments.

Which two statements are true regarding the creation of a control budget? (Choose two.)

A. Control budgets are always absolute to generate encumbrance accounting. B. A control budget can allow override rules only if the control level is absolute.C. The control budget structure has all the chart of account segments as budget segments.D. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.E. A control budget can be associated with a different calendar than accounting calendar.

Correct Answer: BESection: (none)Explanation



QUESTION 28Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.

What should be implemented for this type of security?

A. Data Access SetsB. Cross-Validation Rules C. Segment Value Security D. Role-Based Access



QUESTION 29Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A. Journals Work AreaB. Period Close Work Area C. Financial Reporting CenterD. General Accounting Dashboard



QUESTION 30You need to distribute departmental expense reports to l00 department managers in your organization. The report format is the same, but the department valuesdiffer.


What in the most efficient way to achieve this?

A. Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it: to run for every department. Send the different batchoutputs as PDF attachments via email to different users.

B. Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department'sdata based on Segment Value Security Rules.

C. Set up Bursting Options for your batch to prepare multiple versions of a report from a single process.D. When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department.



QUESTION 31Which two types of journals can be automatically routed through the journal approval process?

A. Allocation journals B. Revaluation journals C. Manual journalsD. Sub ledger journalsE. Journals imported from third-party systems

Correct Answer: CESection: (none)Explanation


QUESTION 32Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature.

How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries everyperiod.


B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.D. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.



QUESTION 33Your customer has only licensed Fusion Financials and wants to use approval workflows.

Using which page to enter users and assign roles does Oracle consider best practice?

A. Manage UsersB. Hire a New ErnployeeC. Oracle Identity Management (OIM) D. Policy Manager (APM)E. Financials not a stand-alone product



QUESTION 34Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-PayBusiness Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.

Which two statements are correct? (Choose two.)

A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.B. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving.C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit. D. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving.


E. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.F. Define budgetary control at ledger level and only encumbrance controls at the business units.

Correct Answer: AFSection: (none)Explanation


QUESTION 35You need to build a complex account rule. Which four value types can you use in your definition?

A. Value Set B. ConstantC. Existing Account Rule D. Account Combination E. Mapping SetF. Source

Correct Answer: ABCFSection: (none)Explanation


QUESTION 36Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type,it needs to go to a default account regardless of the account type.

What is the solution?

A. Create two journal line rules with a condition of supplier type.B. Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.C. Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.D. Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.

Correct Answer: C


Section: (none)Explanation


QUESTION 37You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

A. Perform an account analysis online.B. Open a Smart View file saved on your desktop. C. Create an Account Group using Account Monitor. D. Use Account Inspector.



QUESTION 38Your customer operates three shared services that perform accounting functions across 50 countries

What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. Reference Data SetsB. Business Units functionsC. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.D. Data Access Sets


Explanation/Reference:Reference: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAFCF/F1475837AN14CEF.htm


QUESTION 39Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents 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 subledgeraccounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.

B. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable naturalaccounts to identify the trading partner.

C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment andintercompany segment.

D. 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 youdefine.



QUESTION 40How can your Accounting Manager expedite Journal processing during the time-critical month-end close?

A. by using the Close Status monitor to drill down on the close status across ledgersB. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from OthersC. by running the Journals report using Business Intelligence PublisherD. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)



QUESTION 41You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?


A. Use SQL to populate the HR interface tables and load employees in bulk.B. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.C. Use the "Hire an Employee" user interface to inter each user manually.D. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users. E. Use the "Enter a Supplier" user interface to enter each user manually.



QUESTION 42You want to enter budget data in Fusion General Ledger. Which method is not supported?

A. Direct budget balance updates from a Financial Statement in Smart ViewB. Application Development Framework Desktop Integration (ADFdi) C. File-based Data ImportD. Entering budget Journals


Explanation/Reference:Explanation:http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm

QUESTION 43You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A. Specify Run Time Prompts (RTP).B. Always use the Outer Point of View (POV). C. Never use the Outer Point of View (POV). D. Only specify segment values in formulas.




QUESTION 44All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompanyaccounting.

What is Oracle’s recommended approach to performing consolidations?

A. Use Oracle Hyperion Financial Management for this type of complex consolidation.B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent 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 by balancing segment where each report represents a different

subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.D. 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. Define multiple ledgers for consolidation and report on the ledger set.



QUESTION 45You entered a journal and the client is asking for the following information:

The current account balanceWhat the future account balance will be if the Journal is approved and posted

How will you get this information?

A. View the Projected Balance region in the Create Journals page. B. Run a Trial Balance before and after posting.C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances. D. Query the account balance online.




QUESTION 46You transact in 50 different currencies and you need to define a high volume of revaluation definitions. Which two methods are Oracle recommended best practicesfor streamlining this process?

A. Define separate revaluation definitions for each class of accounts, currency, and different rate types.B. Use hierarchies and parent values in your revaluation definition.C. Share revaluation definitions across ledgers that share the same chart of accounts.D. Define one revaluation definition for all accounts (assuming all ledgers share the same chart of accounts) and simply change the parameters at run time.



QUESTION 47The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability.

Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

A. Budget GroupB. Application Development Framework Desktop Integral ion (ADFdi) C. Account GroupD. Budget ControllerE. Budget Account Group




QUESTION 48You defined a tree or hierarchy, but you are unable to set its status to Active.

What is the reason?

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



QUESTION 49Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.

What setup is required to achieve this requirement?

A. Create an annual budget with absolute control and so encumbrance accounting will work. B. Create a summary budget annually with advisory control and control budget monthly with absolute control.C. Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.D. Create two detail control budgets: annually with absolute control and monthly with advisory or track control.E. Create two detail control budgets: annually with advisory/track control and monthly with absolute control.



QUESTION 50


What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.B. Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension

Members and HierarchiesC. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.



QUESTION 51You want to prevent intercompany transactions from being entered during the last day of the close.

https://www.gratisexam.com/What should you do?

A. Close all subledger periods.B. Close Intercompany periods in Fusion Intercompany.C. Freeze the Intercompany Journal source in General Ledger.D. Close the General Ledger period in the Manage Accounting Periods page.



QUESTION 52You just submitted the Accounting Configuration. Which two statements are correct?


A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.B. A Data Access Set with full read/write access to the ledger is automatically created. C. Open the ledger's period to begin entering transactions.D. Verify the data roles created and assign them to the General Ledger users.



QUESTION 53Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management toconsolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment,such as Company to Entity, Department to Department, and Account to Account.

What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A. No data is transferred.B. Data is summarized across segments that are not mapped to Hyperion Financial Management C. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.D. The unmapped segments default to future use segments in Hyperion Financial Management



QUESTION 54The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.

Which journal attribute should you use to set the automatic posting criteria?

A. Journal Category B. Journal Source


C. Journal BatchD. Journal Description



QUESTION 55When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube.

What should you do to correct this situation?

A. Make sure the tree version was published successfully. B. Make sure to flatten the rows of the tree versionC. Make sure the tree is active.D. Redeploy the chart of accounts.



QUESTION 56You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage yourbusiness in a more stable currency while retaining the ability to report in the unstable local currency.

What would be your recommendation when defining ledgers?

A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

Correct Answer: B


Section: (none)Explanation

Explanation/Reference:Explanation:http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm

QUESTION 57How do you hide accounts with no balances showing #Missing in Smart view?

A. Select the Data/Missing check box in the Data Options tab. B. Use Excel functions to hide rows with #Missing assigned C. Choose the Suppress Zeros option under Data options.D. This indicates a database connection issue. Try to reconnect to Fusion Applications.



QUESTION 58Which feature outside of reporting and analysis leverages the Essbase cube?

A. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in syncB. journal entries and journal approval to create journals that update balances to the cube directlyC. revaluations and translation to revalue and translate currencies stored in the Essbase cubeD. calculation manager to perform allocations based on multidimensional balances and budgets



QUESTION 59


Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16,but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.

What is causing this?

A. The subledger accounting option is set to system date.B. The actual accounting date was set up under the encumbrance accounting Default Date Rule.C. The system date was set up under the encumbrance accounting Default Date Rule.D. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.



QUESTION 60In Financials Cloud, which three reporting tool can be used to access General Ledger balances? (Choose three.)

A. Financial Reporting StudioB. Oracle Transactional Business IntelligenceC. Application ComposerD. Smart ViewE. Oracle Enterprise Repository

Correct Answer: ABDSection: (none)Explanation

Explanation/Reference:Reference: https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAFCG/F1002466AN103CC.htm

QUESTION 61After loading your budget data into General Ledger Cloud, you can view budget balances using these features.Which feature does not belong on the list?


A. Application Development Framework Desktop Integration Budget Balances ReportB. Account InspectorC. Account MonitorD. Smart View



QUESTION 62You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

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



QUESTION 63Which two statements are true if a journal description rule is defined with sources? (Choose two.)

A. The description rule may be assigned to either the header or line level, or to both.B. The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.C. The description rule can only be assigned to the journal line level.D. The description rule can only be assigned to the header or line level.E. You cannot assign journal description rules to sources.

Correct Answer: ABSection: (none)


Explanation

Explanation/Reference:Reference: https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL233756

QUESTION 64Which tool can you use to create a Financial Income Statement?

A. Rapid Implementation Enterprise Structures setupB. PS/nVisionC. Account InspectorD. One View Reporting


Explanation/Reference:Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22895/F855956AN17AC2.htm

QUESTION 65You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available.And then later, you cancel the invoice.

What happens to funds available when you cancel an invoice that requires budgetary control?

A. The budget will increase by USD 100 and the funds available will decrease by USD 100.B. Funds available will change when the invoice is approved.C. The funds reserved for the purchase order is reinstated while the invoice expenditure is reversed by USD 100.D. The budget and funds available will increase by USD 100.




QUESTION 66You have enabled budgetary control and have a control budget set to Advisory control level. For September 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. Thereis 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 invoiceis matched to the purchase order for $2,100 USD.

Which two statements are true? (Choose two.)

A. No changeB. Funds reservation only happens for non-matched invoices, so the system will not reserve funds.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. Purchase order encumbrance will be released for $2,100 USD.

Correct Answer: CDSection: (none)Explanation


QUESTION 67The expense account of airfare was erroneously assigned to the account type “Liability.”

Which method should you choose to fix the problem?

A. Run the “Update Balance Cube Chart of the Accounting Dimension” program.B. Run the “Correct Misclassified Account” program.C. Deactivate the value.D. Run the “Segment Value Inheritance” program.


Explanation/Reference:Reference: https://docs.oracle.com/en/cloud/saas/financials/r13-update17d/faigl/financial-structures.html#FAIGL2662610


QUESTION 68What is the purpose of the Fusion Accounting Hub Reporting Cloud Service? (FAHRCS)

A. It allows Oracle E-Business Suite (EBS) Financial customers to integrate their balances with the Cloud Financial Reporting Center.B. It allows access only to the Cloud Financial Reporting Center.C. It allows any third-party financial system to integrate their journals and balances with the Cloud Financial Reporting Center.D. It allows third-party financial systems, such as PeopleSoft, to integrate their transactions with the Cloud Financial Reporting Center.


Explanation/Reference:Reference: https://cloud.oracle.com/opc/saas/fin/r9/wn/Oracle_Accounting_Hub_Reporting_Cloud_Release_9_Whats_New.pdf

QUESTION 69You are working on a multipillar implementation of both HCM Cloud and ERP Cloud. You implemented HCM first using the Enterprise Structures Configurator(ESC).

Which three things should be considered when implementing ERP Cloud and defining its legal entities, business units, charts of accounts, and ledgers? (Choosethree.)

A. Roll back the ESC first.B. Manually create your legal entities, chart of accounts structure, ledgers, and business units in the respective application pages.C. When creating your chart of accounts (COA) structure, do so in the following order: Create value sets, Create the COA structure, and then create the COA

instance before assigning values to the value sets.D. Use the Rapid Implementation spreadsheet when creating your enterprise structure.E. Use the Rapid Implementation spreadsheet to create COA hierarchies to an existing implementation.

Correct Answer: ACESection: (none)Explanation


QUESTION 70Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000


USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year EndCarry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.

Which statement is true?

A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD onlywill be carried forward.

B. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, andthe funds available $50,000 USD will be carried forward.

C. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.D. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.E. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.



QUESTION 71Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.What are the other two subcomponents of a Subledger Journal Entry Rule Set? (Choose two.)

A. Supporting ReferencesB. Accounting DateC. Journal Line RulesD. Chart of AccountsE. Account Rules

Correct Answer: CESection: (none)Explanation

Explanation/Reference:Reference: https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL233756

QUESTION 72


You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger.

Which two actions should you now perform? (Choose two.)

A. Define Supporting References with balances.B. Assign a Subledger Accounting Method to the secondary ledger.C. Define Journal Conversion Rules that exclude subledgers.D. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger.E. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions.

Correct Answer: BESection: (none)Explanation

Explanation/Reference:Reference: https://docs.oracle.com/en/cloud/saas/financials/18b/faiac/define-ledgers.html#FAIAC300044

QUESTION 73You are setting up Close Monitor, which comprises a ledger set hierarchy definition.

Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

A. Chart of Accounts and Business UnitsB. Accounting CalendarC. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting MethodD. Chart of AccountsE. Legal Entities, Business Units, and Chart of Accounts



QUESTION 74Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions.


Which three features facilitate this? (Choose three.)

A. Account InspectorB. Smart ViewC. Account MonitorD. Online Transactional Business IntelligenceE. Sunburst reports

Correct Answer: ADESection: (none)Explanation


QUESTION 75You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage yourbusiness in a more stable currency while retaining the ability to report in the unstable local currency.

What would be your recommendation when defining ledgers?

A. Run Revaluation to translate into Statistical Currency.B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.


Explanation/Reference:Explanation:http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm


Oracle.Actualtests.1z0-960.v2019-03-03.by.Ambria...Mar 03, 2019 · extract the data in Rich Text...

Documents

Transcript of Oracle.Actualtests.1z0-960.v2019-03-03.by.Ambria...Mar 03, 2019 · extract the data in Rich Text...