1Z0-960 Online Practice Questions and Answers

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.

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.

Which 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 Capital Management and Supply Cham Management.

You 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.

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 as the 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.

While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals 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

In 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.

Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to 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.

Your 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