1Z0-960 Study Guides
Question: 1
You want to be notified of anomalies in certain account balances in real time. What is the rnost 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.
Answer: C
Question: 2
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?
A. Drill Through in Grid Properties
B. Report Functions
C. Nothing. All report balances are drillable in all FR Studio reports.
D. Allow Expansion
Answer: A
Question: 3
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
Answer: A
Question: 4
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.
Answer: A
Question: 5
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.
Answer: A,D
Question: 6
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?
A. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
B. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
C. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
D. Define two different charts of accounts.
Answer: B
Question: 7
You 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
Answer: A
Question: 8
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.
Answer: A, C, D
Question: 9
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
Answer: D
Explanation:
Question: 10
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
Answer: C
Question: 11
You transact in 50 different currencies and you need to define a high volume of revaluation definitions. Which two methods are Oracle recommended best practices for 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.
Answer: B,C
Question: 12
You need to distribute departmental expense reports to l00 department managers in your organization. The report format is the same, but the department values differ.
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 batch outputs 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's data 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.