Oracle.Testking.1z0-960.v2018-06-06.by.Jann · B. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint

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Oracle 1z0-960


Oracle Financials Cloud: General Ledger 2017 Implementation Essentials


Exam A

QUESTION 1Your 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 translatedbalances.

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.

Correct Answer: ASection: (none)Explanation

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 2Which two are prerequisites for creating subledger accounting entries?

A. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method

B. Populating supporting reference information in reference objects

C. Selecting source values from transaction objects

D. Creating subledger accounting events


E. Completing preaccounting validation

Correct Answer: BESection: (none)Explanation

Explanation/Reference:

QUESTION 3Who are the three primary Functional Setup Manager users?

A. End Users that perform transaction processing

B. Implementation Project Managers and Consultants

C. System Administrators

D. Application Developers

E. C-Level Executives

Correct Answer: ABCSection: (none)Explanation

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

QUESTION 4You 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: BSection: (none)


Explanation


QUESTION 5Your customer is reconciling their Intercompany Receivables accounts.

Which two reports should they use in addition to using the intercompany Reconciliation report?

A. Receivables Aging by General Ledger Account report

B. General Ledger Trial Balance report

C. Receivables to General Ledger Reconciliation report

D. AR Aging report

Correct Answer: CSection: (none)Explanation


QUESTION 6Which statement is true when creating an Implementation Project for Financials Cloud?

A. The Implementation Project is preconfigured and cannot be deleted or changed.

B. Plan your implementation project carefully because you cannot delete it or make changes later.

C. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Financials Cloud.


D. Selecting the Offering "Financials," automatically allows you to perform the setup for all Financials Cloud products.

E. You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human CapitalManagement and Supply Cham Management.




QUESTION 7You are implementing Segment Value Security rules. Which two statements are true?

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 8You want to process multiple allocations at the same time. What feature do you use?

A. RuleSets

B. Point of View (POV)

C. Formulas

D. General Ledger Journal entries



QUESTION 9


While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrancejournals when you submit he create accounting program.

What are the two events?

A. Funds check

B. Requisition approved

C. Requisition rejected by the buyer

D. Submit the requisition for approval

E. Checkout and Save the requisition

F. Create change request on the requisition after submitting requisition for approval

Correct Answer: BFSection: (none)Explanation


QUESTION 10You 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 PowerPoint

B. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint

C. 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 11Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.


What is Oracle's recommended best 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 12All 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 corporateconsolidation 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 produceconsolidated 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 eliminationledger to enter intercompany eliminations, then create a ledger set across all ledgers and report on the ledger set.

Correct Answer: D


Section: (none)Explanation


QUESTION 13You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.

What's the most efficient way to 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 14Identify three functions of Functional Setup Manager.

A. Provide a central place to access and perform all of the setup steps across Fusion application product.

B. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

C. Automatically mark the status of tasks as Completed after they have been completed.

D. Assign setup tasks to individuals with due dates where users must manually update their completion status.

E. Centrally manage the close processes across subledgers and ledgers.

Correct Answer: ABESection: (none)Explanation



QUESTION 15You want to monitor the dose 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.

Correct Answer: DSection: (none)Explanation


QUESTION 16Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.

Which three features facilitate this?

A. Account Inspector

B. Smart View

C. Account Monitor

D. Online Transactional Business Intelligence

E. Financial Reports published to Excel

Correct Answer: ESection: (none)Explanation


QUESTION 17In 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 18Your 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 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 theProduct Segment.


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

QUESTION 19Which three objectives must be considered when designing the chart of accounts?

A. Effectively manage an organization's financial business.

B. Consider implementing a single, global chart of accounts

C. 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.

Correct Answer: ABCSection: (none)Explanation


QUESTION 20Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.

What is a more automated approach to do this?

A. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.

B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.

C. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.

D. In Fusion Financials, you must manually reconcile your intercompany account balances.

E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.

Correct Answer: BSection: (none)Explanation


QUESTION 21You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

A. Use the spreadsheet loader from the Currency Rates Manager.

B. Import daily rates through the Daily Rates open interface table.



C. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

D. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Closework area.

E. Edit existing transactions and update the rates manually.

Correct Answer: BCDSection: (none)Explanation


QUESTION 22Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source application.

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 Fusion 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.



QUESTION 23Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A. Detach the table to resize it to the maximum size of the monitor

B. Export the table to Excel.

C. Run a Business Intelligence Publisher report with Excel as the output format.

D. Use the Freeze feature on the tables to scroll through large amounts of data.

Correct Answer: ABSection: (none)


Explanation


QUESTION 24You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies.

Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

A. complete Accounting Configuration

B. Suppliers and Customers

C. Banks, Bank Accounts, and Branches

D. chart of account values, accounting calendar, and ledger

E. setup data for Receivables and Payables product.


Explanation/Reference:Explanation:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004386.htm#FACSF1 236038

QUESTION 25You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flatfile, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customersegment to your chart of accounts.

What is the solution?

A. Use the Open Account Balances Listing report that has balances by customer.

B. Use the Third Party Control Account feature.

C. Use Supporting References to capture customer classification information.

D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).




QUESTION 26Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data rolesto existing Accounts Payables and Accounts Receivables users in the shared service center.

What should you do to correct the problem?

A. Open the Oracle Identity Management (OIM) and make sure the data roles were created.

B. Open the Manage Users page and make sure the employees at

C. Open Access Policy Manager (APM) and assign the roles manually

D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.



QUESTION 27You 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 28Which two types of journals can be automatically routed through the journal approval process?

A. Allocation journals

B. Revaluation journals

C. Manual journals

D. Sub ledger journals

E. Journals imported from third-party systems

Correct Answer: CESection: (none)Explanation


QUESTION 29Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge 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 30On which three occasions are Essbase balances updated?


A. Every time the tree version is published

B. Every time journals are posted to the general ledger

C. Every time you run the batch program called "Update Essbase Balances"

D. At report run-time

E. Every time you open a new period

Correct Answer: ABDSection: (none)Explanation


QUESTION 31Your 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 Users

B. Hire a New Ernployee

C. Oracle Identity Management (OIM)

D. Policy Manager (APM)

E. Financials not a stand-alone product



QUESTION 32You want to define a tree or hierarchy for use in reports and allocations.

What three aspects should you remember when creating the tree?

A. You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes.

B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.


C. The tree should have at least two tree versions to reduce report and allocation maintenance.

D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).

E. It is fine to have the same child value roll up to two or more different parent values.

Correct Answer: BCESection: (none)Explanation


QUESTION 33Your 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?


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 34You need to build a complex account rule. Which four value types can you use in your definition?


A. Value Set

B. Constant

C. Existing Account Rule

D. Account Combination

E. Mapping Set

F. Source

Correct Answer: ABCFSection: (none)Explanation


QUESTION 35Your customer is reconciling their Intercompany Receivables accounts.

Which two reports should they use in addition to using the intercompany Reconciliation report?

A. Receivables Aging by General Ledger Account report

B. General Ledger Trial Balance report

C. Receivables to General Ledger Reconciliation report

D. AR Aging report



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.



QUESTION 37Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.

What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?

A. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.

B. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period

C. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.

D. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.



QUESTION 38You 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 39Your 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 Sets

B. Business Units functions

C. 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 40You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.

What does Oracle consider best practice when this occurs?

A. Translate only the adjusting journal entry.

B. Rerun Revaluation and then rerun Translation

C. Rerun Translation and then reconsolidate your result

D. Enter another adjusting journal entry in the currency to true up the balances.



QUESTION 41Which repot show you differences between your subledger balances and General Ledger balances?


A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report

C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report

D. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers



QUESTION 42Which two delivered roles can access the full functionality of Functional Setup Manager?

A. Application Implementation Manager

B. Functional Setup Manager Superuser

C. Application Implementation Consultant

D. Any functional user

E. IT Security Manager

Correct Answer: ACSection: (none)Explanation


QUESTION 43Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want toeasily 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 sub ledgeraccounting 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 44Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.

What statement is correct with regard to setting this up?

A. You must assign the corresponding Receivables and Payables Business Units.

B. You only need to assign the Legal Entity and Organization Contact.

C. You must perform additional setup steps for Fusion Payables and Fusion Receivables.

D. You can only associate one Intercompany Organization per Legal Entity.


Explanation/Reference:Explanation:http://docs.oracle.com/cd/E27605_01/fscm91pbr2/eng/psbooks/sbil/chapter.htm

QUESTION 45How 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 ledgers

B. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Others

C. by running the Journals report using Business Intelligence Publisher

D. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)



QUESTION 46You 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 47Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You areusing the period- to-date (PTD) method of revaluation tor your income statement accounts.

When should you reverse revaluation journals, if at all required?

A. Reverse them in the same period as the revaluation run.

B. Both balance sheet and income statement revaluation journals should be reversed in the period.

C. Never, because each period's revaluation adjustment is just for that period.

D. The reversals must be done at the end of each quarter.




QUESTION 48Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A. Detach the table to resize it to the maximum size of the monitor

B. Export the table to Excel.

C. Run a Business Intelligence Publisher report with Excel as the output format.

D. Use the Freeze feature on the tables to scroll through large amounts of data.

Correct Answer: ABSection: (none)Explanation


QUESTION 49You 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


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


QUESTION 50You 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 51All 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 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 the parent ledger, and then enter eliminating entries as a separatebalancing 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 differentsubsidiary. 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 eliminationledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.



QUESTION 52You 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 53You 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 54You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You noticediscrepancies between the balances 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 been performed yet.

Correct Answer: BDESection: (none)Explanation


QUESTION 55While 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 chart of 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.

Correct Answer: BDSection: (none)Explanation


QUESTION 56You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with


executives and auditors.

In which three ways do you accomplish this?

A. Using Workspace, assemble multiple reports into a book.

B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.

C. Users can drill down on snapshot reports for future analysis.

D. The report contained in the book can be printed or viewed individually or as an entire book that includes a table of contents.

E. Snapshot reports can only be viewed online.



QUESTION 57You 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 58The 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 Group


B. Application Development Framework Desktop Integral ion (ADFdi)

C. Account Group

D. Budget Controller

E. Budget Account Group



QUESTION 59Your customer uses Financials Cloud, Projects, Inventory and Procurement.

Which two statements are true regarding intercompany accounting tor these products?

A. Each product has its own Intercompany Accounting feature that needs to be set up separately.

B. Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project Management and Supply Chain Management products.

C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single ledger intercompanyjournals.

D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub.

Correct Answer: ADSection: (none)Explanation


QUESTION 60You 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 61Your 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.




Documents

Oracle.Testking.1z0-960.v2018-06-06.by.Jann · B. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint