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Oracle 1Z0-960 - Questions & Answers

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Question 1
Single choice

You want to enter budget data in Fusion General Ledger.

Which method is not supported?

A.

Smart View

B.

Application Development Framework Desktop Integration (ADFdi)

C.

File-based Data Import

D.

Entering budget Journals

Question 2
Single choice

You 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 3
Single choice

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

What does Oracle consider the best practice 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 theparent 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 bybalancing 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. Then create a ledger set across all ledgers and report on the ledger set.

Question 4
Multiple choice

You want to specify Intercompany System Options.

Which three factors should you consider?

A.

Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

B.

Whether to allow receivers to reject intercompany transactions

C.

Automatic or manual batch numbering and the minimum transaction amount

D.

Automatic or manual batch numbering and the maximum transaction amount

E.

The approvers who will approve intercompany transactions

Question 5
Single choice

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

?The current account balance

?

What 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 6
Multiple choice

You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.

Which three factors are responsible for these out-of-balance situations?

A.

All sub ledger transactions have been entered but do not have complete accounting.

B.

Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

C.

There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

D.

Intercompany transactions have not been fully processed.

E.

Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet

Question 7
Multiple choice

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.

Which two options explain that?

A.

The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.

B.

The Account Rule's chartof accounts have no account values assigned

C.

The Account Rule's conditions are not defined.

D.

The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.

Question 8
Multiple choice

You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.

Which two statements are correct?

A.

You must define rules for every combination of specific categories and sources.
Otherwise, theintercompany balancing will not work.

B.

You can create a rule for all sources and categories by selecting the source "Other" and the category
"Other."

C.

If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

D.

Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.

Question 9
Multiple choice

Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting.

What two security features should you use?

A.

Data Access Sets using an Access Set Type of Primary Balancing Segment

B.

Cross-Validation Rules

C.

Segment Value Security

D.

Balancing Segment Value Assignment to Legal Entities

Question 10
Single choice

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

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.

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