Oracle Oracle Certifications 1Z0-960 Questions & Answers

• Question 91:

  When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.

  What should you do to correct this situation?

  A. Make sure the tree version was published successfully.

  B. Make sure to flatten the rows of the tree version.

  C. Make sure the tree is active.

  D. Redeploy the chart of accounts.

  Correct Answer: D

• Question 92:

  The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.

  Which journal attribute should you use to set the automatic posting criteria?

  A. Journal Category

  B. Journal Source

  C. Journal Batch

  D. Journal Description

  Correct Answer: C

• Question 93:

  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.

  Correct Answer: C

• Question 94:

  Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.

  What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

  A. The data is not transferred.

  B. Data is summarized across segments that are not mapped to Hyperion Financial Management

  C. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

  D. The unmapped segments default to future use segments in Hyperion Financial Management

  Correct Answer: C

• Question 95:

  You lust submitted the Accounting Configuration. Which two statements are correct?

  A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

  B. A Data Access Set with full read/write access to the ledger is automatically created.

  C. Open the ledger's period to begin entering transactions.

  D. Verify the data roles created and assign them to the General Ledger users.

  Correct Answer: C

• Question 96:

  You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

  A. Close all subledger periods.

  B. Close Intercompany periods in Fusion Intercompany.

  C. Freeze the Intercompany Journal source in General Ledger.

  D. Close the General Ledger period in the Manage Accounting Periods page.

  Correct Answer: B

• Question 97:

  Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting.

  What two security features should you use?

  A. Data Access Sets using an Access Set Type of Primary Balancing Segment

  B. Cross-Validation Rules

  C. Segment Value Security

  D. Balancing Segment Value Assignment to Legal Entities

  Correct Answer: AC

• Question 98:

  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?

  A. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

  B. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."

  C. 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.

  D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.

  Correct Answer: AC

• Question 99:

  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.

  Correct Answer: BD

• Question 100:

  You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.

  Which three factors are responsible for these out-of-balance situations?

  A. All sub ledger transactions have been entered but do not have complete accounting.

  B. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

  C. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

  D. Intercompany transactions have not been fully processed.

  E. Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet

  Correct Answer: BDE