Download Oracle Financials Cloud: General Ledger 2017 Implementation Essentials.1z0-960.PremDumps.2019-05-29.134q.tqb

Vendor: Oracle
Exam Code: 1z0-960
Exam Name: Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Date: May 29, 2019
File Size: 532 KB
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Demo Questions

Question 1
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? (Choose two.)
  1. You must define rules for every combination of specific categories and sources. 
    Otherwise, the intercompany balancing will not work.
  2. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
  3. 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.
  4. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
Correct answer: AC
Question 2
Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?
  1. Delete the journal and create a new journal.
  2. Update the journal through workflow
  3. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
  4. Reverse the journal and create a new one.
Correct answer: B
Question 3
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
  1. Transaction Objects
  2. Event Entities
  3. Mapping Sets 
  4. Accounting attributes
  5. Event Classes
Correct answer: A
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm
https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm
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