1Z0-960 Exam Questions

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...

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

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

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....

You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules?

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...

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...

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...

What is the most efficient way to add a new year to the accounting calendar?

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...

Your customer is having issues transferring intercompany transactions to General Ledger.. Identify three reasons for this.

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...

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?

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...

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...

Which two are prerequisites for creating subledger accounting entries?

Who are the three primary Functional Setup Manager users?

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 -...

Which statement is true when creating an Implementation Project for Financials Cloud?

You are implementing Segment Value Security rules. Which two statements are true?

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...

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...

What Is Oracle Essbase?

Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

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?

You want to process multiple allocations at the same time. What feature do you use?

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...

You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data. How do you accomplish this?

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...

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...

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...

Identify three functions of Functional Setup Manager.

You want to monitor the dose process of all your financial subledgers and ledgers. How can you quickly obtain this information?

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?

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...

Which three objectives must be considered when designing the chart of accounts?

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?

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?

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

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...

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...

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?

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

What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

Which two statements are true regarding how Intercompany Balancing Rule, are defied?

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...

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...

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...

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.