1Z0-960 Exam Questions
131 real 1Z0-960 exam questions with expert-verified answers and explanations. Page 1 of 3.
- 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 a...
- Question #2
Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?
- 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?
- Question #4
You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities....
- Question #5
You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules?
- Question #6
You created your first Implementation Project and assigned the Application Implementation Consultant role to your user. However, you are unable to access Oracle Identity Management...
- Question #7
Your customer has enabled encumbrance accounting. You have a control budget with the advisory level set at control. For November 2015, your budget for a given combination is $5,000...
- Question #8
You create a prepayment for USD l00 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an...
- Question #9
What is the most efficient way to add a new year to the accounting calendar?
- Question #10
Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments. Which two recommen...
- Question #11
Your customer is having issues transferring intercompany transactions to General Ledger.. Identify three reasons for this.
- Question #12
Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data...
- Question #13
After loading your budget data into Fusion General Ledger, you can view budget balances using these feature. Which feature does not belong on the list?
- Question #14
Your customer is using budgetary control and encumbrance. You have an open purchase order for $500 USD, which you decide to match to an invoice for $300 USD. What will be the fund...
- Question #15
Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates. What steps must you perform to achieve this obj...
- Question #16
Which two are prerequisites for creating subledger accounting entries?
- Question #17
Who are the three primary Functional Setup Manager users?
- Question #18
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 -...
- Question #20
Which statement is true when creating an Implementation Project for Financials Cloud?
- Question #21
You are implementing Segment Value Security rules. Which two statements are true?
- Question #22
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 dat...
- Question #23
Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This cau...
- Question #24
What Is Oracle Essbase?
- Question #25
Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?
- Question #26
You customer is a financial Institution that needs to maintain overage daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?
- Question #27
You want to process multiple allocations at the same time. What feature do you use?
- Question #28
While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when yo...
- Question #29
You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data. How do you accomplish this?
- Question #30
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing; a...
- Question #31
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minori...
- Question #32
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. What's the most ef...
- Question #33
Identify three functions of Functional Setup Manager.
- Question #34
You want to monitor the dose process of all your financial subledgers and ledgers. How can you quickly obtain this information?
- Question #35
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?
- Question #36
In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?
- Question #37
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting. What is Oracle's su...
- Question #38
Which three objectives must be considered when designing the chart of accounts?
- Question #39
Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?
- Question #40
You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?
- Question #41
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).
- Question #43
You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spre...
- Question #44
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...
- Question #45
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?
- Question #46
Your user forgot the password. How do you resolve this?
- Question #47
What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
- Question #48
Which two statements are true regarding how Intercompany Balancing Rule, are defied?
- Question #49
Journal approval uses Approvals Management Extension (AMX). Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Acc...
- Question #50
Your customer has enabled budgetary and encumbrance controls at the requisition level. You have a purchase order for $1,000 USD, which is fully reserved and has one invoice for $60...
- Question #51
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country wit...
- Question #52
You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identity the step that is not correct when implementing this integration.