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Exam : 1z0-960

Title : Oracle Financials Cloud:

General Ledger 2017
Implementation Essentials

Vendor : Oracle

Version : DEMO

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NO.1 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.
A. Analyze external system transactions.
B. Capture accounting events.
C. Determine the accounting impact of transactions.
D. Create the accounting in the source system and then import the journal entries into subledger
accounting.
Answer: D

NO.2 You need to build a complex account rule. Which four value types can you use in your
definition?
A. Value Set
B. Constant
C. Existing Account Rule
D. Account Combination
E. Mapping Set
F. Source
Answer: A,B,C,F

NO.3 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

NO.4 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
Reference:
http://www.miamidade.gov/budget/library/bat/smartview-training-manual.pdf

NO.5 You entered a journal and the client is asking for the following information:
* The current account balance
* What the future account balance will be if the Journal is approved and posted
How will you get this information?

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A. View the Projected Balance region in the Create Journals page.

B. Run a Trial Balance before and after posting.
C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
D. Query the account balance online.
Answer: C

NO.6 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. Manage Users
B. Hire a New Ernployee
C. Oracle Identity Management (OIM)
D. Policy Manager (APM)
E. Financials not a stand-alone product
Answer: C

NO.7 Which two are prerequisites for creating subledger accounting entries?
A. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set
assignments for the Accounting Method
B. Populating supporting reference information in reference objects
C. Selecting source values from transaction objects
D. Creating subledger accounting events
E. Completing preaccounting validation
Answer: B,E

NO.8 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.
What type of report will provide this type of information?
A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on
transactions and balances
B. Account Analysis Reports
C. Journals Reports
D. Aging Reports
Answer: C

NO.9 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?
A. While defining control for business unit two, enable control at Requisitioning and define the
exceptions to only include invoicing.
B. Define control for business unit two to disable control for Requisitioning, Purchasing, and
Receiving.

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C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.
D. While defining control for business unit one, disable control lor Purchasing, Payable Invoicing, and
Receiving.
E. While defining control for business unit one, enable control at purchasing and define the
exceptions to only include requisitioning.
F. Define budgetary control at ledger level and only encumbrance controls at the business units.
Answer: A,F

NO.10 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: A

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