Download Oracle Financials Cloud: General Ledger 2017 Implementation Essentials.1z0-960.CertDumps.2018-05-21.64q.tqb

Vendor:	Oracle
Exam Code:	1z0-960
Exam Name:	Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Date:	May 21, 2018
File Size:	252 KB

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Demo Questions

After loading your budget data into Fusion General Ledger, you can view budget balances using these feature.

Which feature does not belong on the list?

Application Development Framework Desktop Integration (ADFdi)
Account Inspector
Account Monitor
Smart View

Correct answer: B

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?

The purchase order is Partially Liquidated and the invoice is Partially Reserved.
The purchase order is Partially Liquidated and the invoice will be reserved.
Both are reserved.
The purchase order is liquidated and the invoice is Partially Reserved.
Both are Partially Reserved.
The purchase order is Open and the invoice is validated.

Correct answer: C

Your 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?

Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
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.
Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Correct answer: A

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 balances Change the CTA account Rerun translation Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

To avoid data corruption, your cumulative adjustment account (CTA) can only be changed if you first perform the following set of steps: