Oracle Oracle Certifications 1Z0-960 Questions & Answers

• Question 31:

  What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

  A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.

  B. Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies

  C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for

  D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.

  Correct Answer: C

• Question 32:

  Your customer wants to control spending against an annual budget but report balances on a monthly yearto-date basis. Encumbrance accounting is also in use.

  What setup is required to achieve this requirement?

  A. Create an annual budget with absolute control and so encumbrance accounting will work.

  B. Create a summary budget annually with advisory control and control budget monthly with absolute control.

  C. Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.

  D. Create two detail control budgets: annually with absolute control and monthly with advisory or track control.

  E. Create two detail control budgets: annually with advisory/track control and monthly with absolute control.

  Correct Answer: A

• Question 33:

  You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

  A. Chart of accounts was not deployed.

  B. Accounting Configuration was not submitted-

  C. An Audit process needs to be successfully performed before a tree version can be set to Active.

  D. Two tree versions were not defined

  Correct Answer: D

• Question 34:

  Your customer uses Financials Cloud, Projects, Inventory and Procurement.

  Which two statements are true regarding intercompany accounting tor these products?

  A. Each product has its own Intercompany Accounting feature that needs to be set up separately.

  B. Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project Management and Supply Chain Management products.

  C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross- ledger intercompany transactions and single ledger intercompany journals.

  D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub.

  Correct Answer: AD

• Question 35:

  The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability.

  Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

  A. Budget Group

  B. Application Development framework Desktop Integral ion (ADFdi)

  C. Account Group

  D. Budget Controller

  E. Budget Account Group

  Correct Answer: C

• Question 36:

  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.

  Correct Answer: B

• Question 37:

  You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.

  In which three ways do you accomplish this?

  A. Using Workspace, assemble multiple reports into a book.

  B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.

  C. Users can drill down on snapshot reports for future analysis.

  D. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.

  E. Snapshot reports can only be viewed online.

  Correct Answer: ABD

• Question 38:

  Your user forgot the password. How do you resolve this?

  A. Use the Manage Users page to update the user's information and change the password.

  B. Use Oracle Identity Management (OIM) to reset the user's password.

  C. Log in to the user's machine as an Administrator and change the password from the login pa

  D. Use Access Policy Manager (APM) to reset the user's password.

  E. Create a new user ID and password for the user.

  Correct Answer: B

• Question 39:

  Your customer wants to use a clearing company to automatically balance Intercompany entries. Which three statements are true regarding the use of a clearing company value?

  A. Clearing companies are not supported.

  B. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity.

  C. You must map legal entities to balancing segment values in order to use a clearing company.

  D. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger.

  E. If you choose to use a clearing company, you can define a default clearing company value or select the

  clearing company value directly in the general ledger journal.

  Correct Answer: ACE

• Question 40:

  You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.

  What is the solution?

  A. Use the Open Account Balances Listing report that has balances by customer.

  B. Use the Third Party Control Account feature.

  C. Use Supporting References to capture customer classification information.

  D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).

  Correct Answer: C