Download Oracle Financials Cloud: General Ledger 2017 Implementation Essentials.1z0-960.Pass4Sure.2018-10-08.80q.vcex

Vendor: Oracle
Exam Code: 1z0-960
Exam Name: Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Date: Oct 08, 2018
File Size: 69 KB
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Demo Questions

Question 1
Who are the three primary Functional Setup Manager users?
  1. End Users that perform transaction processing
  2. Implementation Project Managers and Consultants
  3. System Administrators
  4. Application Developers
  5. C-Level Executives
Correct answer: ABC
Explanation:
http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm
http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm
Question 2
You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out-of-balance situation between your sub ledgers and general ledger. 
Which two aspects should you consider when defining your AutoPost Criteria?
  1. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
  2. 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.
  3. Create your AutoPost criteria using minimal source and categories.
  4. Schedule your AutoPost Criteria set to run during off-peak hours only
Correct answer: B
Question 3
Your customer is reconciling their Intercompany Receivables accounts. 
Which two reports should they use in addition to using the intercompany Reconciliation report?
  1. Receivables Aging by General Ledger Account report
  2. General Ledger Trial Balance report
  3. Receivables to General Ledger Reconciliation report
  4. AR Aging report
Correct answer: C
Question 4
Which statement is true when creating an Implementation Project for Financials Cloud?
  1. The Implementation Project is preconfigured and cannot be deleted or changed.
  2. Plan your implementation project carefully because you cannot delete it or make changes later.
  3. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Financials Cloud.
  4. Selecting the Offering "Financials," automatically allows you to perform the setup for all Financials Cloud products.
  5. 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.
Correct answer: C
Question 5
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
  1. You can use hierarchies to define rules.
  2. The Segment Value Security rules do not take effect until you assign the rules to users and products.
  3. 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.
  4. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.
Correct answer: AC
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm
Question 6
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?
  1. The subledger accounting option is set to system date.
  2. The actual accounting date was set up under the encumbrance accounting Default Date Rule.
  3. The system date was set up under the encumbrance accounting Default Date Rule.
  4. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.
  5. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.
Correct answer: D
Question 7
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. 
What feature can you use to be proactively notified of account anomalies in a more timely manner?
  1. Smart View
  2. Financial Reports with Embedded charts
  3. Account Monitor
  4. Account Inspector and its charts
Correct answer: A
Question 8
What Is Oracle Essbase?
  1. A robust reporting and analysis tool
  2. A relational database
  3. A data ware house
  4. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
Correct answer: B
Explanation:
http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?hybrid.htm
http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?hybrid.htm
Question 9
Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?
  1. chart of accounts hierarchy maintenance
  2. integration with transactions from external feeder systems
  3. chart of accounts master data maintenance
  4. data access and security
  5. cross-validation rules
Correct answer: AC
Explanation:
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.htm
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.htm
Question 10
Your customer is a financial Institution that needs to maintain overage daily balances (ADB). 
Which two statements are true regarding this functionality in Fusion Applications?
  1. ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances.
  2. Average balances are stored for both subledger balances and general ledger balances.
  3. Average balances are stored in the Essbase cube.
  4. Average balances are maintained for both actual and budget balances.
  5. When using ADB, you must define a daily calendar and assign it to your ADB ledger.
Correct answer: AD
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