Oracle 1z0-960 v2019-01-10 q81

Oracle.1z0-960.v2019-01-10.
q81
Exam Code: 1z0-960
Oracle Financials Cloud: General Ledger 2017 Implementation
Exam Name:
Essentials
Certification
Oracle
Provider:
Free Question
81
Number:
Version: v2019-01-10
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NEW QUESTION: 1
The Delete Translated Balances process provides the ability to completely reset
translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?
A. Submit the Create Scenario Dimension Members process to ensure that the balances
cube maintains translated balances that are consistent with future translations.
B. Submit the Update General Ledger Balances Cube process to ensure that the balances
C. Submit the Create General Ledger Balances Cube process to ensure that the balances
D. Submit the Create Currency Dimension Members process to ensure that the balances
Answer: C
Explanation/Reference:
Reference:
http://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-financials-
wn.htm
NEW QUESTION: 2
Identify three functions of Functional Setup Manager.
A. Automatically mark the status of tasks as Completed after they have been completed.
B. Centrally manage the close processes across subledgers and ledgers.
C. Automatically generate lists of setup tasks in the correct sequence with dependencies
highlighted.
D. Assign setup tasks to individuals with due dates where users must manually update
their completion status.
E. Provide a central place to access and perform all of the setup steps across Fusion
application product.
Answer: B,C,E
NEW QUESTION: 3
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use in addition to using the intercompany Reconciliation
report?
A. AR Aging report
B. Receivables Aging by General Ledger Account report
C. Receivables to General Ledger Reconciliation report
D. General Ledger Trial Balance report
Answer: C
NEW QUESTION: 4
You want to monitor the close process of all your financial subledgers and ledgers.
How can you quickly obtain this information?
A. Use the Manage Accounting Periods page to view the status of all subledgers and
ledgers.
B. Access each subledgers' calendar and General Ledger's Manage Accounting Periods
page to view the status of each period.
C. Use Close Monitor in General Accounting Dashboard.
D. Run Closing Status reports.
Answer: D
NEW QUESTION: 5
Before implementing Financials Cloud, your customer used to manually reconcile their
intercompany payables and receivables accounts.
What is a more automated approach to do this?
A. Run the BI Publisher reports called Intercompany Transaction Summary and Account
Details to automatically reconcile intercompany balances.
B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match
the intercompany payables and receivables balances.
C. Run the Intercompany Reconciliation report, which shows pairs of intercompany
receivables and payables accounts that are out of balance.
D. In Financials Cloud, you must manually reconcile your intercompany account balances.
E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account
balances.
Answer: B
NEW QUESTION: 6
Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can
Hyperion Data Management be used?
A. chart of accounts hierarchy maintenance
B. integration with transactions from external feeder systems
C. chart of accounts master data maintenance
D. data access and security
E. cross-validation rules
Answer: A,C
Explanation:
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.htm
NEW QUESTION: 7
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 Batch
B. Journal Category
C. Journal Source
D. Journal Description
Answer: A
NEW QUESTION: 8
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
date.
What is causing this?
A. The actual accounting date was set up under the encumbrance accounting Default Date
Rule.
B. The prior related transaction accounting date was set up under the encumbrance
accounting Default Date Rule.
C. The current transaction accounting date was set up under the encumbrance accounting
Default Date Rule.
D. The system date was set up under the encumbrance accounting Default Date Rule.
E. The subledger accounting option is set to system date.
Answer: C
NEW QUESTION: 9
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use in addition to using the intercompany Reconciliation
report?
A. Receivables to General Ledger Reconciliation report
B. General Ledger Trial Balance report
C. AR Aging report
D. Receivables Aging by General Ledger Account report
Answer: A
NEW QUESTION: 10
Which two statements are true if a journal description rule is defined with sources?
(Choose two.)
A. The description rule may be assigned to either the header or line level, or to both.
B. The sources must also be assigned to the accounting event class that is assigned to the
journal entry rule set.
C. The description rule can only be assigned to the journal line level.
D. The description rule can only be assigned to the header or line level.
E. You cannot assign journal description rules to sources.
Answer: A,B
Reference: https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-
accounting- setup.html#FAISL233756
NEW QUESTION: 11
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.
How would you achieve this?
A. When viewing the report, download to Excel and use Excel's Charting features to create
your bar graph.
B. When designing your financial statement using Financial Report (FR), embed a chart
into your report.
C. Use Account Inspector that automatically creates graphs on financial balances.
D. Use Smart View, which is and Excel Add-on.
Answer: C
Explanation:
https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm
NEW QUESTION: 12
Your customer wants to prevent their department managers from viewing the results of
other departments where they have no management authority.
What should be implemented for this type of security?
A. Segment Value Security
B. Cross-Validation Rules
C. Data Access Sets
D. Role-Based Access
Answer: A
NEW QUESTION: 13
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.
Answer: A
NEW QUESTION: 14
Your Financial Analyst needs to interactively analyze General Ledger balances with the
ability to drill down to originating transactions.
Which three features facilitate this? (Choose three.)
A. Financial Reports published to Excel
B. Online Transactional Business Intelligence
C. Account Inspector
D. Smart View
E. Account Monitor
Answer: A,B,C
NEW QUESTION: 15
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. Journal Line Rule
B. Event Class
C. Event Type
D. Journal Entry Rule Set
E. Journal Entry
Answer: D
NEW QUESTION: 16
In which two ways can your users customize the Dashboards and Work Areas to suit their
individual working styles?
A. They can have the System Administration customize pages for them using Page
Composer.
B. They can format each table by hiding and showing columns, moving columns, and
resizing columns.
C. Users have very little control customizing their Dashboards and Work Areas; they can
only resize columns.
D. They can use Personalization to move and remove regions from those pages.
Answer: C
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NEW QUESTION: 17
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 Third Party Control Account feature.
B. Use Supporting References to capture customer classification information.
C. Capture customer information as the source and develop a custom report using Online
Transactional Business Intelligence (OTBI).
D. Use the Open Account Balances Listing report that has balances by customer.
Answer: B
NEW QUESTION: 18
Your customer has many eliminating entries to eliminate intercompany balances. The
General Ledger does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your
customer is not using Oracle Hyperion Financial Close Management?
A. Use the General Ledger's Calculation Manager to define an allocation definition to
eliminate entries that you can generate every period.
B. Use the spreadsheet template that is accessed from the "Create Journal in
Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
C. Create a manual journal that includes the eliminating entries, and then create a copy of
the Journal batch every period.
D. There is no way to automate this process if the customer is not using Oracle Hyperion
Financial Close Management.
Answer: A
NEW QUESTION: 19
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's balances.
D. Create a secondary ledger that uses a different chart of accounts that is denominated in
the more stable currency.
Answer: B
Explanation:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm
NEW QUESTION: 20
In Financials Cloud, which three reporting tool can be used to access General Ledger
balances? (Choose three.)
A. Financial Reporting Studio
B. Oracle Transactional Business Intelligence
C. Application Composer
D. Smart View
E. Oracle Enterprise Repository
Answer: A,B,D
Reference:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAFCG/F1002466AN103CC.htm
NEW QUESTION: 21
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated
3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the
invoice accounting date was 4/20/16. The encumbrance journal for liquidating the
purchase order encumbrance is dated 5/5/16.
What is causing this?
A. The system date was set up under the encumbrance accounting Default Date Rule.
B. The subledger accounting option is set to system date.
C. The prior related transaction accounting date was set up under the encumbrance
accounting Default Date Rule.
D. The current transaction accounting date was set up under the encumbrance accounting
Default Date Rule.
E. The actual accounting date was set up under the encumbrance accounting Default Date
Rule.
Answer: B
NEW QUESTION: 22
What's the difference between subject areas that append the word "Real Time" and those
that do not?
A. The "Real Time" subject areas are based on real-time transactions and all others are
based on Historical data.
B. 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.
C. There is no difference.
D. The "Real time" subject areas are based on sub ledger transactions and all others are
based on general ledger balances.
Answer: A
NEW QUESTION: 23
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and
Oracle Business Intelligence Applications (OBIA). (Choose three.)
A. OTBI allows you to create custom reports from real-time transactional data against the
database directly.
B. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards,
SAP, and Cloud Applications.
C. OBIA is based on the universal data warehouse design with different prebuilt adapters
that can connect to various source applications.
D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library
of metrics that help to measure business performance.
E. Cloud customers can use both OTBI and OBIA.
Answer: A,B,D
NEW QUESTION: 24
Which feature outside of reporting and analysis leverages the Essbase cube?
A. revaluations and translation to revalue and translate currencies stored in the Essbase
cube
B. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase
cubes in sync
C. calculation manager to perform allocations based on multidimensional balances and
budgets
D. journal entries and journal approval to create journals that update balances to the cube
directly
Answer: C
NEW QUESTION: 25
You just submitted the Accounting Configuration. What two things must happen before you
can enter journals? (Choose two.)
A. You must assign the job role and data security context to each user.
B. A Data Access Set with full read/write access to the ledger is automatically created.
C. You must define a Data Access Set to obtain full read/write access to the ledgers in the
Accounting Configuration.
D. You must re-deploy the chart of accounts.
Answer: A,C
NEW QUESTION: 26
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently
created.
Which two options explain that? (Choose two.)
A. The Account Rule's conditions are not defined.
B. The Account Rule is using sources assigned to different event classes from that of the
associated Journal Entry Rule Set.
C. The Account Rule's chart of accounts have no account values assigned
D. The Account Rule is defined with a different chart of accounts from the Journal Entry
Rule Set.
Answer: B,C
NEW QUESTION: 27
What are the two benefits of having the Essbase cube embedded in General Ledger
Cloud? (Choose two.)
A. You can access real-time results for reporting and analysis because every time a
transaction is posted in General Ledger, multidimensional balances are also updated
simultaneously.
B. Posting performance is much faster.
C. General ledger balances are multidimensional, allowing you to perform robust reporting
and analysis.
D. You no longer need to create and maintain hierarchies because the Essbase cubes are
created when you create your chart of accounts.
E. Integrating with third-party systems is easier because the Essbase cube provides chart
of accounts mapping rules.
Answer: A,B
NEW 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 you submit he create accounting program.
What are the two events?
A. Requisition rejected by the buyer
B. Checkout and Save the requisition
C. Create change request on the requisition after submitting requisition for approval
D. Submit the requisition for approval
E. Requisition approved
F. Funds check
Answer: C,E
NEW QUESTION: 29
Your customer is expanding its operations. You defined a new ledger and several business
units.
However, you are unable to assign the newly generated data roles to existing Accounts
Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?
A. Open Access Policy Manager (APM) and assign the roles manually
B. Open the Manage Users page and make sure the employees at
C. Open the Oracle Identity Management (OIM) and make sure the data roles were
created.
D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data
roles.
Answer: A
NEW QUESTION: 30
You need to create a month-end reporting package for an upcoming Audit Committee
meeting, you have
10 financial reports that you want to share with executives and auditors that are nicely
formatted.
Identify the two Oracle recommended ways to accomplish this? (Choose two.)
A. Create a Smartview report, where the various sheets represent the different Financial
Statement and send them the spreadsheet.
B. Using Workspace, assemble multiple reports into a book that can be printed and viewed
individually as an entire book.
C. Use OTBI to create multiple reports that you save to a folder that only the users can
access.
D. Use BI Publisher to configure the reports and then use bursting to email the reports to
the executives and Audit Committee.
E. Use a report batch to run reports at a specific time to create a set of snapshot reports.
Answer: B,E
NEW QUESTION: 31
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?
A. Use the spreadsheet loader from the Currency Rates Manager.
B. Update rates manually using the Currency Rates Manager, which can be accessed only
from the Functional Setup Manager.
C. Edit existing transactions and update the rates manually.
D. Import daily rates through the Daily Rates open interface table.
E. Update rates manually using the Currency Rates Manager, which can be accessed from
the Functional Setup Manager or the General Ledger's Period Close work area.
Answer: A,B,D

NEW QUESTION: 32
When working with Essbase, versions of the tree hierarchy as defined in the General
Ledger Cloud are 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 the tree is active.
C. Make sure to flatten the rows of the tree version
D. Redeploy the chart of accounts.
Answer: D
NEW QUESTION: 33
Which two methods can your General Ledger accountants use to more easily view large
amounts of contained in the tables in their work areas? (Choose two.)
A. Use the Freeze feature on the tables to scroll through large amounts of data.
B. Run a Business Intelligence Publisher report with Excel as the output format.
C. Export the table to Excel.
D. Detach the table to resize it to the maximum size of the monitor
Answer: C,D
NEW QUESTION: 34
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. Application Development Framework Desktop Integral ion (ADFdi)
B. Budget Controller
C. Account Group
D. Budget Account Group
E. Budget Group
Answer: C
NEW QUESTION: 35
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 minority
interest or partial ownerships.
What is Oracle's recommended approach to performing consolidations?
A. Translate balances to the corporate currency, create a chart of accounts mapping to the
corporate Chart of accounts, then transfer balances to the corporate consolidation ledger
using the balance transfer program.
B. Translate balances to the corporate currency for ledgers not in the corporate currency,
use General Ledger's Financial Reporting functionality to produce consolidated reports by
balancing segment where each report represents a different subsidiary.
C. Create separate ledgers for each subsidiary that shares the same chart of accounts,
calendar, currency and accounting method. Create a separate elimination ledger to enter
intercompany eliminations, then create a ledger set across all ledgers and report on the
ledger set.
D. Use Oracle Hyperion Financial Management for this type of complex consolidation.
Answer: C
NEW QUESTION: 36
Your customer wants to control spending against an annual budget but report balances on
a monthly year- to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?
A. Create two detail control budgets: annually with absolute control and monthly with
advisory or track control.
B. Create a Summary budget annually with absolute* control and monthly control budget
with advisory or track control.
C. Create an annual budget with absolute control and so encumbrance accounting will
work.
D. Create a summary budget annually with advisory control and control budget monthly
with absolute control.
E. Create two detail control budgets: annually with advisory/track control and monthly with
absolute control.
Answer: C
NEW QUESTION: 37
You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
A. You must flatten the columns and publish the tree to view the hierarchy in Essbase
cubes.
B. The tree should have at least two tree versions to reduce report and allocation
maintenance.
C. You need to flatten the rows to be able to use drilldown in Smart View and you must
publish tree to view the hierarchy in Essbase cubes.
D. It is fine to have the same child value roll up to two or more different parent values.
E. You only need to flatten the columns if you plan to use the hierarchy in Oracle
Transactional Business Intelligence (OTBI).
Answer: A,B,D
NEW QUESTION: 38
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They
use intercompany entries.
What is Oracle's recommended practice when implementing; a new chart of accounts?
How many segments and what segment qualifiers should be used?
A. Define three segments for the company, department, and natural account. The
qualifiers should be primary balancing segment, cost center segment, and natural account
segment, respectively
B. Define four segments for the company, department, natural account, and intercompany
segment. The qualifiers should be primary balancing segment, cost center segment,
natural account segment, and intercompany segment, respectively.
C. Define three segments tor the company, department, and natural account. The
qualifiers for the first segment should be primary balancing segment and intercompany
segment, cost center segment, and natural account segment, respectively.
D. Define five segments for the company, department, natural account, intercompany, and
future use segment. The qualifiers should be primary balancing segment, cost center
segment, natural account segment, intercompany segment, and no qualifier, respectively.
Answer: D
NEW QUESTION: 39
Which statement is true when creating an Implementation Project for Financials Cloud?
A. You only need to make the project name unique, then you can perform the setup for any
product family, such as Financials, Procurement, Human Capital Management and Supply
Cham Management.
B. The Implementation Project is preconfigured and cannot be deleted or changed.
C. You must select the Offering "Financials," and each individual product or option to
perform the setup for each product in Financials Cloud.
D. Plan your implementation project carefully because you cannot delete it or make
changes later.
E. Selecting the Offering "Financials," automatically allows you to perform the setup for all
Financials Cloud products.
Answer: C
NEW QUESTION: 40
Which three objectives must be considered when designing the chart of accounts?
(Choose three.)
A. Limit the number of segments to those you need today to reduce data entry.
B. Anticipate growth and maintenance needs as organizational changes occur.
C. Consider implementing a single, global chart of accounts
D. Try to use all 30 segments and 25 characters per segment because you cannot change
it later.
E. Effectively manage an organization's financial business.
Answer: B,C,E
NEW QUESTION: 41
You need to create a month-end reporting 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? (Choose three.)
A. 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.
B. The report contained in the book can be printed or viewed individually or as an entire
book that includes a table of contents.
C. Users can drill down on snapshot reports for future analysis.
D. Snapshot reports can only be viewed online.
E. Using Workspace, assemble multiple reports into a book.
Answer: A,B,E
NEW QUESTION: 42
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.
Answer: B
Explanation:
http://docs.oracle.com/cd/E21764_01/doc.1111/e15477/pwd.htm#IMINT236
NEW QUESTION: 43
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 the General Ledger period in the Manage Accounting Periods page.
C. Freeze the Intercompany Journal source in General Ledger.
D. Close Intercompany periods in Fusion Intercompany.
Answer: D
NEW QUESTION: 44
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.
Answer: C
NEW QUESTION: 45
Which two General Ledger work would you assign to all your entry-level General Ledger
accountants?
A. Period Close Work Area
B. Financial Reporting Center
C. Journals Work Area
D. General Accounting Dashboard
Answer: C,D
NEW QUESTION: 46
Your customer is a financial Institution that needs to maintain overage daily balances
(ADB).
Which two statements are true regarding this functionality in Fusion Applications?
A. ADB provides organizations with the ability to track average and end-of-day balances,
report average balance sheets, and create custom reports using both actual and average
balances.
B. When using ADB, you must define a daily calendar and assign it to your ADB ledger.
C. Average balances are stored in the Essbase cube.
D. Average balances are maintained for both actual and budget balances.
E. Average balances are stored for both subledger balances and general ledger balances.
Answer: A,D

NEW QUESTION: 47
Which AMX builder method is most effective in routing the journals to the Accounting
Manager when its subordinate, the General Accountant, enters a journal?
A. Approval Groups
B. Management Chain approval
C. Cost center based approval
D. Dynamic Approval Groups
E. Supervisory level approval
Answer: E
NEW QUESTION: 48
Which two statements are true regarding how Intercompany Balancing Rule, are defined?
(Choose two.)
A. All ledgers engaged in an intercompany transaction must share the same chart: of
accounts in order to define balancing rules
B. You can define different balancing rules for different combinations of journal sources,
journal categories, and transaction types
C. You can define different rules for different charts of accounts, ledgers, legal entities, and
primary balancing segment value.
D. You can only define balancing rules for different journals' sources. You cannot define
balancing rules for different journal categories.
Answer: A,C
NEW QUESTION: 49
You just submitted the Accounting Configuration. Which two statements are correct?
A. Open the ledger's period to begin entering transactions.
B. Verify the data roles created and assign them to the General Ledger users.
C. You must define a Data Access Set to obtain full read/write access to the ledgers in the
Accounting Configuration.
D. A Data Access Set with full read/write access to the ledger is automatically created.
Answer: B,C
NEW QUESTION: 50
What are the two purposes of a secondary ledger? (Choose two.)
A. It can differ from its primary ledger by the accounting method, chart of accounts,
accounting calendar, currency, and/or journal processing options.
B. It should only be used to maintain balances for processing performance.
C. It is used to main balances in a different currency only.
D. It should not be used when trying to meet local accounting requirements.
E. It is an optional ledger that is linked to a primary ledger for the purpose of tracking
alternative accounting.
Answer: A,E
Reference:
https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484499AN19B45.htm
NEW QUESTION: 51
Which two types of journals can be automatically routed through the journal approval
process?
A. Revaluation journals
B. Journals imported from third-party systems
C. Manual journals
D. Sub ledger journals
E. Allocation journals
Answer: B,C
NEW QUESTION: 52
You want to display OTBI reports and graphs in PowerPoint to show general ledger or
subledger data.
How do you accomplish this?
A. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint,
Word, and Excel.
B. Use SmartView to create reports and charts using general ledger and subledger subject
areas embed the charts/reports into PowerPoint
C. Download OTBI reports and charts to a spreadsheet and then copy and paste the
spreadsheet to PowerPoint
D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
Answer: A
NEW QUESTION: 53
You are implementing Segment Value Security rules. Which two statements are true?
(Choose two.)
A. You can use hierarchies to define rules.
B. The Segment Value Security rules do not take effect until you assign the rules to users
and products.
C. When you enable Segment Value Security on a segment, users will not be able to
access any values until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to redeploy your
chart of accounts.
Answer: A,C
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm
NEW QUESTION: 54
What Is Oracle Essbase?
A. A robust reporting and analysis tool
B. A relational database
C. A data ware house
D. A multidimensional Online Analytical Processing (OLAP) server that is embedded in
Fusion GeneralLedger
Answer: B
Explanation: http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?
hybrid.htm
NEW QUESTION: 55
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. You cannot reassign contingent workers.
B. Access Policy Manager's Role Generation
C. Role Mappings
D. Oracle Identity Manager Roles Assignment
E. Data Roles
Answer: C
NEW QUESTION: 56
Which two statements are true regarding the export/import of reports?
A. To view errors encountered during the export or import Process, you must use SQL
queries to obtain that data because no reports exist.
B. A set of reports lists user names, suppliers, and customers that have been
exported/imported.
C. The export/import reports are available only for Fusion Customer Relationship
Management.
D. A set of reports are provided for both exported and imported setup data to validate the
export/import processes and setup data.
E. Reports on setup data can be used to compare and analyze how the data might have
changed over time.
Answer: A,C
NEW QUESTION: 57
During implementation, a consultant accidentally designated the cost center segment as
the natural account. Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.
A. Delete the chart of accounts and create a new one.
B. Delete the segment and create a new segment with the correct qualifier.
C. Create a new chart of accounts.
D. Change and save the segment qualifier.
Answer: A
Reference: https://knoworacle.wordpress.com/tag/fnd_flex_values/
NEW QUESTION: 58
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. No data is transferred.
B. Data is summarized across segments that are not mapped to Hyperion Financial
Management
C. The unmapped segments default to future use segments in Hyperion Financial
Management
D. Errors occur for unmapped segments. You must map multiple segments from source
general ledgers to the target segment in Hyperion Financial Management.
Answer: D
NEW QUESTION: 59
You need to distribute departmental expense reports to l00 department managers in your
organization.
The report format is the same, but the department values differ.
What in the most efficient way to achieve this?
A. Set up Bursting Options for your batch to prepare multiple versions of a report from a
single process.
B. Set the Department segment as a User Point of View (POV) and submit a report batch
and schedule it:
to run for every department. Send the different batch outputs as PDF attachments via
email to different users.
C. When defining the report, make the Department Segment a prompt and when users
view the report, they can change the prompt to their department.
D. Create a single report for all departments. When department managers log in to
Financial Reporting Center, they will only be able to view their department's data based on
Segment Value Security Rules.
Answer: C
NEW QUESTION: 60
You need to integrate Fusion Accounting Hub with external source systems used for
Billing.
Identify the step that is not correct when implementing this integration.
A. Determine the accounting impact of transactions.
B. Analyze external system transactions.
C. Capture accounting events.
D. Create the accounting in the source system and then import the journal entries into
subledger accounting.
Answer: D
NEW QUESTION: 61
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
Answer: A,C
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm

NEW QUESTION: 62
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 is Oracle's recommended method to define this chart or accounts?
A. Use two different value sets for the company and intercompany segment because
segment value security rules are at the value set level.
B. Share the same value set for the company and intercompany segments to reduce chart
of accounts maintenance.
C. Define two different charts of accounts.
D. Define the company segment only and qualify it as both the primary balancing segment
and intercompany segment.
Answer: A
NEW QUESTION: 63
On which three occasions are Essbase balances updated?
A. Every time you open a new period
B. Every time the tree version is published
C. Every time journals are posted to the general ledger
D. Every time you run the batch program called "Update Essbase Balances"
E. At report run-time
Answer: B,C,E
NEW QUESTION: 64
You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?
A. Two tree versions were not defined
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. Chart of accounts was not deployed.
Answer: A
NEW QUESTION: 65
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 Accountant enters the journal?
A. Job level
B. Approval Group
C. Supervisory level based on HR Supervisors
D. Position
Answer: B
NEW QUESTION: 66
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. Share revaluation definitions across ledgers that share the same chart of accounts.
B. Define separate revaluation definitions for each class of accounts, currency, and
different rate types.
C. Use hierarchies and parent values in your revaluation definition.
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.
Answer: B,C
NEW QUESTION: 67
You want to process multiple allocations at the same time. What feature do you use?
A. Point of View (POV)
B. Formulas
C. RuleSets
D. General Ledger Journal entries
Answer: B
NEW QUESTION: 68
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 with a Corporate chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget? (Choose two.)
A. A control budget can be associated with a different calendar than accounting calendar.
B. Control budgets are always absolute to generate encumbrance accounting.
C. A control budget can allow override rules only if the control level is absolute.
D. The control budget structure has all the chart of account segments as budget segments.
E. A control budget is associated to a ledger and creates three control budgets for
Australia, New Zealand, and Singapore.
Answer: A,C
NEW QUESTION: 69
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 spreadsheet from Functional Setup
Manager?
A. complete Accounting Configuration
B. Suppliers and Customers
C. Banks, Bank Accounts, and Branches
D. chart of account values, accounting calendar, and ledger
E. setup data for Receivables and Payables product.
Answer: B,C,D
Explanation:
https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004386.htm#FACSF1
236038
NEW QUESTION: 70
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products?
(Choose two.)
A. They need to license a separate stand-alone Intercompany product that acts as the
Intercompany Accounting Hub.
B. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-
ledger intercompany transactions and single-ledger intercompany journals.
C. Intercompany Balancing Rules are defined centrally and applied across Financials and
Project Portfolio Management.
D. Each product has its own Intercompany Accounting feature that needs to be set up
separately.
Answer: A,D
NEW QUESTION: 71
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. Implementation Users
D. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the
person provisioning the system, has full access.
E. All roles that will be used throughout the implementation
Answer: E
NEW QUESTION: 72
Your new accountants have been making mistakes in reconciling accounts assigned to
them. Your account balances have either spiked or dropped 30-40% every period due to
human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timely
manner?
A. Account Inspector and its charts
B. Financial Reports with Embedded charts
C. Smart View
D. Account Monitor
Answer: C
NEW QUESTION: 73
You need to build a complex account rule. Which four value types can you use in your
definition?
A. Value Set
B. Source
C. Constant
D. Existing Account Rule
E. Account Combination
F. Mapping Set
Answer: A,B,C,D
NEW QUESTION: 74
Which three reporting tools are based on real-time data or balances?
A. Oracle transactional Business Intelligence (OTBI)
B. Oracle Financial Reporting (FR)
C. Oracle Business Intelligence Applications (OBIA)
D. Smart View
E. Business Intelligence Publisher (BI Publisher)
Answer: A,B,D
NEW QUESTION: 75
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
$600 USD. When the purchase order is matched through the final match process, the
purchase order is closed for further invoicing.
What happens to the remaining $400 USD?
A. Invoice type will have less funds available by $400 USD.
B. $400USD will be expired and not available for use.
C. $400 USD will be added back to available funds
D. Only obligation type will have $400 USD funds available.
E. Manual encumbrance journal needs to be entered in General Ledger to release the
budget amount of
$400 USD.
Answer: A
NEW QUESTION: 76
After loading your budget data into General Ledger Cloud, you can view budget balances
using these features.
Which feature does not belong on the list?
A. Account Monitor
B. Account Inspector
C. Smart View
D. Application Development Framework Desktop Integration Budget Balances Report
Answer: A

NEW QUESTION: 77
Invoices received from a source system need to use a specific account based on 30
different expense types. However, if the invoice is from a specific supplier type, it needs to
go to a default account regardless of the account type.
What is the solution?
A. Create two journal line rules with a condition of supplier type.
B. Create an Account Rule with two rule elements using one for expense type mapping
and the other for the condition of supplier type.
C. Create an Account Rule with 31 rule elements using one condition for each expense
type and another for supplier type.
D. Create an Account Rule with three rule elements using one for expense type mapping,
one for condition of supplier type, and the other without any conditions.
Answer: B
NEW QUESTION: 78
You are defining an income statement report. You want to allow viewers of the report to be
able to drill down from report balances to the underlying transactions. What do you need to
enable?
A. Nothing. All report balances are drillable in all FR Studio reports.
B. Drill Through in Grid Properties
C. Report Functions
D. Allow Expansion
Answer: D
NEW QUESTION: 79
Your enterprise structure has one ledger and two business units. Business unit one wants
to enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions
and business unit two wants to enable budgetary control for Payable Invoicing only in
Procure-to-Pay Business Functions.
Which two statements are correct? (Choose two.)
A. Define budgetary control at ledger level and only encumbrance controls at the business
units.
B. While defining control for business unit one, enable control at purchasing and define the
exceptions to only include requisitioning.
C. Define control for business unit two to disable control for Requisitioning, Purchasing,
and Receiving.
D. Define budgetary control at ledger level with Budgetary Control Exceptions for each
business unit.
E. While defining control for business unit one, disable control for Purchasing, Payable
Invoicing, and Receiving.
F. While defining control for business unit two, enable control at Requisitioning and define
the exceptions to only include invoicing.
Answer: A,F
NEW QUESTION: 80
Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?
A. Financials not a stand-alone product
B. Manage Users
C. Policy Manager (APM)
D. Hire a New Ernployee
E. Oracle Identity Management (OIM)
Answer: E
NEW QUESTION: 81
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 suggested best practice for doing this?
A. Create a segment that acts as the primary balancing segment and create values that
represent a concatenation of all three business dimensions.
B. Use account hierarchies to create different hierarchies for different purposes and use
those hierarchies for reporting.
C. Create three segments for the Company, Line of Business, and Product segments and
qualify them as the primary balancing segment, second, and third balancing segments,
respectively.
D. Create two segments where the first segment represents the concatenation of Company
and Line of Business, and then enable secondary tracking for the Product Segment.
Answer: C
Explanation:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm


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