1Z0-960 Online Practice Questions and Answers

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.

You created your first Implementation Project and assigned the Application Implementation Consultant role to your user. However, you are unable to access Oracle Identity Management (OIM). This issue was caused because you did not assign the_____.

A. Line Manager role to your user

B. Application Implementation Manager role to your user

C. IT Security Manager role to your user

D. Superuser role to your user

You create a prepayment for USD l00 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an invoice for USD 300, and validate the* invoice to consume the budget and reduce available funds for the expense-accounts used in the invoice. You then apply the prepayment fully on to the invoice and revalidate it.

What happens to the available funds when you apply a prepayment that requires budgetary control?

A. The prepayment application was already released at the time of payment and the invoice consumes funds of 300 USD.

B. The prepayment application releases funds of 200 USD ^nd the invoice consumes funds of lOO USD, with a net decrease to available funds of 200 USD.

C. Available funds will not change till invoice is approved.

D. The prepayment application releases funds of lOO USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 200 USD.

E. The prepayment application releases funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 100 USD.

F. The budget will be released only foi the USD 30O invoice amount.

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.

Your customer is using budgetary control and encumbrance. You have an open purchase order for $500 USD, which you decide to match to an invoice for $300 USD.

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.

E. The purchase order is Open and the invoice is validated.

Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A. chart of accounts hierarchy maintenance

B. integration with transactions from external feeder systems

C. chart of accounts master data maintenance

D. data access and security

E. cross-validation rules

Your 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

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 Hierarchies

C. 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.

You 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.

How 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)