Oracle Oracle Certifications 1Z0-960 Questions & Answers

• Question 81:

  What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

  A. Transaction Objects

  B. Event Entities

  C. Mapping Sets

  D. Accounting attributes

  E. Event Classes

  Correct Answer: A

• Question 82:

  Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

  A. Delete the journal and create a new journal.

  B. Update the journal through workflow

  C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.

  D. Reverse the journaland create a new one.

  Correct Answer: B

• Question 83:

  Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts.

  When should you reverse revaluation journals, if at all required?

  A. Reverse them in the same period as the revaluation run.

  B. Both balance sheet and income statement revaluation journals should be reversed in the period.

  C. Never, because each period's revaluation adjustment is just for that period.

  D. The reversals must be done at the end of each quarter.

  Correct Answer: B

• Question 84:

  What's the difference between subject areas that append the word "Real Time" and those that do not?

  A. There is no difference.

  B. The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.

  C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

  D. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.

  Correct Answer: B

• Question 85:

  How do you hide accounts with no balances showing #Missing in Smart view?

  A. Select the Data/Missing check box in the Data Options tab.

  B. Use Excel functions to hide rows with #Missing assigned

  C. Choose the Suppress Zeros option under Data options.

  D. This indicates a database connection issue. Try to reconnect to Fusion Applications.

  Correct Answer: A

• Question 86:

  You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.

  What would be your recommendation when defining ledgers?

  A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.

  B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.

  C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

  D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

  Correct Answer: B

• Question 87:

  What type of user must be defined before you can create an Implementation Project?

  A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.

  B. A full-time employee that has the FSM Superuser role assigned

  C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.

  D. Implementation Users

  E. All roles that will be used throughout the implementation

  Correct Answer: E

• Question 88:

  You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

  A. Oracle Identity Manager Roles Assignment

  B. Access Policy Manager's Role Generation

  C. Role Mappings

  D. Data Roles

  E. You cannot reassign contingent workers.

  Correct Answer: C

• Question 89:

  Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.

  At what level can you override the default accounting attribute assignment?

  A. Event Type

  B. Journal Line Rule

  C. Event Class

  D. Journal Entry Rule Set

  E. Journal Entry

  Correct Answer: D

• Question 90:

  Which three reporting tools are based on real-time data or balances?

  A. Oracle Business Intelligence Applications (OBIA

  B. Smart View

  C. Business Intelligence Publisher (BI Publisher)

  D. Oracle transactional Business Intelligence (OTBI)

  E. Oracle Financial Reporting (FR)

  Correct Answer: BDE