Oracle.1z0-960.v2018-10-24.

q78
Exam Code: 1z0-960
Oracle Financials Cloud: General Ledger 2017 Implementation
Exam Name:
Essentials
Certification
Oracle
Provider:
Free Question
78
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Version: v2018-10-24
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NEW QUESTION: 1
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 advisory/track control and monthly with
absolute control.
B. Create two detail control budgets: annually with absolute control and monthly with
advisory or track control.
C. Create a summary budget annually with advisory control and control budget monthly
with absolute control.
D. Create a Summary budget annually with absolute* control and monthly control budget
with advisory or track control.
E. Create an annual budget with absolute control and so encumbrance accounting will
work.
Answer: E

NEW QUESTION: 2
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. Capture customer information as the source and develop a custom report using Online
Transactional Business Intelligence (OTBI).
C. Use the Open Account Balances Listing report that has balances by customer.
D. Use Supporting References to capture customer classification information.
Answer: D

NEW QUESTION: 3
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. Policy Manager (APM)
B. Oracle Identity Management (OIM)
C. Financials not a stand-alone product
D. Manage Users
E. Hire a New Ernployee
Answer: B

NEW QUESTION: 4
Which two delivered roles can access the full functionality of Functional Setup Manager?
A. Any functional user
B. Application Implementation Manager
C. Functional Setup Manager Superuser
D. Application Implementation Consultant
E. IT Security Manager
Answer: B,D

NEW QUESTION: 5
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. Create change request on the requisition after submitting requisition for approval
B. Checkout and Save the requisition
C. Funds check
D. Requisition rejected by the buyer
E. Submit the requisition for approval
F. Requisition approved
Answer: A,F

NEW QUESTION: 6
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/Reference:
Explanation: http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?
hybrid.htm

NEW QUESTION: 7
You want to specify Intercompany System Options.
Which three factors should you consider? (Choose three.)
A. The approvers who will approve intercompany transactions
B. Automatic or manual batch numbering and the minimum transaction amount
C. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in
local currencies
D. Automatic or manual batch numbering and the maximum transaction amount
E. Whether to allow receivers to reject intercompany transactions
Answer: C,D,E

NEW QUESTION: 8
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/Reference:
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm

NEW QUESTION: 9
Who are the three primary Functional Setup Manager users?
A. End Users that perform transaction processing
B. Implementation Project Managers and Consultants
C. System Administrators
D. Application Developers
E. C-Level Executives
Answer: A,B,C
Explanation/Reference:
Explanation:
http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm

NEW QUESTION: 10
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: 11
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 three rule elements using one for expense type mapping,
one for condition of supplier type, and the other without any conditions.
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 two rule elements using one for expense type mapping
and the other for the condition of supplier type.
Answer: D

NEW QUESTION: 12
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 Entry Rule Set
B. Journal Entry
C. Event Type
D. Journal Line Rule
E. Event Class
Answer: A

NEW QUESTION: 13
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. Redeploy the chart of accounts.
B. Make sure the tree version was published successfully.
C. Make sure to flatten the rows of the tree version
D. Make sure the tree is active.
Answer: A

NEW QUESTION: 14
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
Explanation/Reference:

NEW QUESTION: 15
You just submitted the Accounting Configuration. Which two statements are correct?
A. Verify the data roles created and assign them to the General Ledger users.
B. Open the ledger's period to begin entering transactions.
C. A Data Access Set with full read/write access to the ledger is automatically created.
D. You must define a Data Access Set to obtain full read/write access to the ledgers in the
Accounting Configuration.
Answer: A,D

NEW QUESTION: 16
You are reconciling your Payables the Receivables balances against the General Ledger.
You are using the Payables to Ledger Reconciliation report. You notice discrepancies
between the balances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?
A. There were manually entered journals against the Payables and Receivables accounts
that were posted in General Ledger.
B. Subledger transactions have been accounted and transferred to General Ledger but
have not been posted.
C. Intercompany transactions have not been fully processed.
D. Period Close processes, such as Revaluation, Translation, and Consolidation have not
been performed yet.
E. All sub ledger transactions have been entered but do not have complete accounting.
Answer: B,C,D

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NEW QUESTION: 17
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products?
(Choose two.)
A. Each product has its own Intercompany Accounting feature that needs to be set up
separately.
B. They need to license a separate stand-alone Intercompany product that acts as the
Intercompany Accounting Hub.
C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-
ledger intercompany transactions and single-ledger intercompany journals.
D. Intercompany Balancing Rules are defined centrally and applied across Financials and
Project Portfolio Management.
Answer: A,B

NEW QUESTION: 18
Your customer has a large number of legal entities. The legal entity values are defined in
the company segment which represents the primary balancing segment. They want to
easily create eliminating entries for the intercompany activity.
What should you recommend?
A. Define an intercompany segment and qualify it as the second balancing segment to
make sure all entries are balanced for the primary balancing segment and intercompany
segment.
B. There is no need to define an intercompany segment. You can track the Intercompany
trading partner using distinct intercompany receivable/payable natural accounts to identify
the trading partner.
C. There is no need to define an intercompany segment, the Intercompany module keeps
track of the trading partners for you based on the Intercompany rules you define.
D. Define an intercompany segment in the chart of accounts. The Intercompany module
and the intercompany balancing feature in general ledger and subledger accounting will
automatically populate the intercompany segment with the balancing segment value of the
legal entity with which you are trading.
Answer: B

NEW QUESTION: 19
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: 20
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. The reversals must be done at the end of each quarter.
B. Both balance sheet and income statement revaluation journals should be reversed in
the period.
C. Reverse them in the same period as the revaluation run.
D. Never, because each period's revaluation adjustment is just for that period.
Answer: B

NEW QUESTION: 21
You already ran Translation, but a last-minute adjusting journal entry in your ledger
currency was entered after you consolidated your results.
What is Oracle's recommended practice when this occurs?
A. Enter another adjusting journal entry in the target currency to true up the balances.
B. Translate only the adjusting journal entry.
C. Rerun Revaluation and then rerun Translation
D. Rerun Translation and then reconsolidate your results
Answer: D
NEW QUESTION: 22
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 one revaluation definition for all accounts (assuming all ledgers share the same
chart of accounts) and simply change the parameters at run time.
C. Define separate revaluation definitions for each class of accounts, currency, and
different rate types.
D. Use hierarchies and parent values in your revaluation definition.
Answer: D

NEW QUESTION: 23
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/Reference:
Explanation:
https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm

NEW QUESTION: 24
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. The tree should have at least two tree versions to reduce report and allocation
maintenance.
B. You only need to flatten the columns if you plan to use the hierarchy in Oracle
Transactional Business Intelligence (OTBI).
C. You must flatten the columns and publish the tree to view the hierarchy in Essbase
cubes.
D. 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.
E. It is fine to have the same child value roll up to two or more different parent values.
Answer: A,C,E
NEW QUESTION: 25
Your customer is closing their period and they are using Fusion Intercompany to create
physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and
Fusion General Ledger?
A. Close Fusion Payables and Receivables periods, close the related intercompany period,
and then close the Fusion General Ledger's period.
B. You only need to close Fusion Payables and Receivables periods followed by the
Fusion GeneralLedger's period.
C. Close the related intercompany period, close Fusion Payables and Receivables periods,
and then Fusion General Ledger.
D. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and
then close the related intercompany period
Answer: C

NEW QUESTION: 26
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/Reference:
Explanation:
https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004386.htm#FACSF1
236038

NEW QUESTION: 27
Which two types of journals can be automatically routed through the journal approval
process?
A. Allocation journals
B. Revaluation journals
C. Journals imported from third-party systems
D. Manual journals
E. Sub ledger journals
Answer: C,D
NEW QUESTION: 28
You want to display OTBI reports and graphs in PowerPoint to show general ledger or
subledger data.
How do you accomplish this?
A. Use SmartView to create reports and charts using general ledger and subledger subject
areas embed the charts/reports into PowerPoint
B. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint,
Word, and Excel.
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: B

NEW QUESTION: 29
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. 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.
B. Use Oracle Hyperion Financial Management for this type of complex consolidation.
C. 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.
D. 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.
Answer: A

NEW QUESTION: 30
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use in addition to using the intercompany Reconciliation
report?
A. General Ledger Trial Balance report
B. AR Aging report
C. Receivables Aging by General Ledger Account report
D. Receivables to General Ledger Reconciliation report
Answer: D
NEW QUESTION: 31
You want to enter budget data in Fusion General Ledger. Which method is not supported?
A. Smart View
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Entering budget Journals
Answer: D
Explanation/Reference:
Explanation:
http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm

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NEW QUESTION: 32
You are required to enter a high volume of users into the system. What does Oracle
consider best practice to do this?
A. Use SQL to populate the HR interface tables and load employees in bulk.
B. Use the "Enter a Supplier" user interface to enter each user manually.
C. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and
then import users into Fusion Applications.
D. Use the "Hire an Employee" user interface to inter each user manually.
E. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
Answer: E

NEW QUESTION: 33
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/Reference:
Explanation:
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.htm

NEW QUESTION: 34
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. Drill Through in Grid Properties
B. Nothing. All report balances are drillable in all FR Studio reports.
C. Report Functions
D. Allow Expansion
Answer: D

NEW QUESTION: 35
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. Smart View
B. Account Inspector
C. Account Monitor
D. Financial Reports published to Excel
E. Online Transactional Business Intelligence
Answer: B,D,E

NEW QUESTION: 36
Which statement is true when creating an Implementation Project for Financials Cloud?
A. Selecting the Offering "Financials," automatically allows you to perform the setup for all
Financials Cloud products.
B. Plan your implementation project carefully because you cannot delete it or make
changes later.
C. 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.
D. You must select the Offering "Financials," and each individual product or option to
perform the setup for each product in Financials Cloud.
E. The Implementation Project is preconfigured and cannot be deleted or changed.
Answer: D

NEW QUESTION: 37
Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting
Cloud Service (FAHRCS). (Choose three.)
A. Business Intelligence Administrator (BI Admin)
B. General Accounting Manager
C. Financial Analyst
D. Controller
E. General Accountant
Answer: A,B,C

NEW QUESTION: 38
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. Run Closing Status reports.
C. Use Close Monitor in General Accounting Dashboard.
D. Access each subledgers' calendar and General Ledger's Manage Accounting Periods
page to view the status of each period.
Answer: B

NEW QUESTION: 39
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. When defining the report, make the Department Segment a prompt and when users
view the report, they can change the prompt to their department.
B. 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.
C. 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.
D. Set up Bursting Options for your batch to prepare multiple versions of a report from a
single process.
Answer: A

NEW QUESTION: 40
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. Define two different charts of accounts.
B. Use two different value sets for the company and intercompany segment because
segment value security rules are at the value set level.
C. Define the company segment only and qualify it as both the primary balancing segment
and intercompany segment.
D. Share the same value set for the company and intercompany segments to reduce chart
of accounts maintenance.
Answer: C

NEW QUESTION: 41
You need to build a complex account rule. Which four value types can you use in your
definition?
A. Value Set
B. Constant
C. Source
D. Account Combination
E. Existing Account Rule
F. Mapping Set
Answer: A,B,C,E

NEW QUESTION: 42
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 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.
C. 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.
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: 43
Identify three functions of Functional Setup Manager.
A. Automatically mark the status of tasks as Completed after they have been completed.
B. Automatically generate lists of setup tasks in the correct sequence with dependencies
highlighted.
C. Assign setup tasks to individuals with due dates where users must manually update
their completion status.
D. Centrally manage the close processes across subledgers and ledgers.
E. Provide a central place to access and perform all of the setup steps across Fusion
application product.
Answer: B,D,E

NEW QUESTION: 44
How can your Accounting Manager expedite Journal processing during the time-critical
month-end close?
A. by using the Journals region to view journals Requiring Attention, Requiring Approval,
and Pending Approval from Others
B. by running the Journals report using Business Intelligence Publisher
C. by creating an ad hoc query on journals using Oracle Transactional Business
Intelligence (OTBI)
D. by using the Close Status monitor to drill down on the close status across ledgers
Answer: B

NEW QUESTION: 45
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use in addition to using the intercompany Reconciliation
report?
A. General Ledger Trial Balance report
B. Receivables to General Ledger Reconciliation report
C. AR Aging report
D. Receivables Aging by General Ledger Account report
Answer: B

NEW QUESTION: 46
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 Source
B. Journal Batch
C. Journal Description
D. Journal Category
Answer: B
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NEW QUESTION: 47
You want to be notified of anomalies in certain account balances in real time. What is the
most efficient way to do this?
A. Create an Account Group using Account Monitor.
B. Perform an account analysis online.
C. Open a Smart View file saved on your desktop.
D. Use Account Inspector.
Answer: B

NEW QUESTION: 48
On which three occasions are Essbase balances updated?
A. Every time you run the batch program called "Update Essbase Balances"
B. Every time the tree version is published
C. Every time journals are posted to the general ledger
D. Every time you open a new period
E. At report run-time
Answer: B,C,E

NEW QUESTION: 49
All of your subsidiaries can share the same ledger with their parent company and all reside
on the same application instance. They do perform intercompany accounting.
What is Oracle's recommended approach to performing consolidations?
A. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger
balances to the parent ledger, and then enter eliminating entries as a separate balancing
segment in the parent ledger.
B. Use General Ledger's Financial Reporting functionality to produce consolidated reports
by balancing segment where each report represents a different subsidiary. Any eliminating
entries can be entered in yet another separate balancing segment.
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. Define multiple ledgers for consolidation and report on the
ledger set.
D. Use Oracle Hyperion Financial Management for this type of complex consolidation.
Answer: D

NEW QUESTION: 50
Which two statements are true regarding the export/import of reports?
A. A set of reports are provided for both exported and imported setup data to validate the
export/import processes and setup data.
B. The export/import reports are available only for Fusion Customer Relationship
Management.
C. To view errors encountered during the export or import Process, you must use SQL
queries to obtain that data because no reports exist.
D. A set of reports lists user names, suppliers, and customers that have been
exported/imported.
E. Reports on setup data can be used to compare and analyze how the data might have
changed over time.
Answer: B,C

NEW QUESTION: 51
Your customer requires physical invoices to be generated in Payables cloud and
Receivables cloud for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?
A. You must assign the corresponding Receivables and Payables Business Units.
B. You only need to assign the Legal Entity and Organization Contact.
C. You must perform additional setup steps for Payables Cloud and Receivables Cloud.
D. You can only associate one Intercompany Organization per Legal Entity.
Answer: A
Explanation/Reference:
Explanation:
http://docs.oracle.com/cd/E27605_01/fscm91pbr2/eng/psbooks/sbil/chapter.htm

NEW QUESTION: 52
Which three objectives must be considered when designing the chart of accounts?
(Choose three.)
A. Consider implementing a single, global chart of accounts
B. Effectively manage an organization's financial business.
C. Try to use all 30 segments and 25 characters per segment because you cannot change
it later.
D. Limit the number of segments to those you need today to reduce data entry.
E. Anticipate growth and maintenance needs as organizational changes occur.
Answer: A,B,E

NEW QUESTION: 53
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 use Personalization to move and remove regions from those pages.
C. They can format each table by hiding and showing columns, moving columns, and
resizing columns.
D. Users have very little control customizing their Dashboards and Work Areas; they can
only resize columns.
Answer: D

NEW QUESTION: 54
You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?
A. Chart of accounts was not deployed.
B. An Audit process needs to be successfully performed before a tree version can be set
to Active.
C. Two tree versions were not defined
D. Accounting Configuration was not submitted.
Answer: C

NEW QUESTION: 55
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. Snapshot reports can only be viewed online.
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. 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.
E. Using Workspace, assemble multiple reports into a book.
Answer: B,D,E

NEW QUESTION: 56
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. Budget Account Group
B. Budget Controller
C. Budget Group
D. Account Group
E. Application Development Framework Desktop Integral ion (ADFdi)
Answer: D

NEW QUESTION: 57
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 Intercompany Reconciliation report, which shows pairs of intercompany
receivables and payables accounts that are out of balance.
B. In Financials Cloud, you must manually reconcile your intercompany account balances.
C. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match
the intercompany payables and receivables balances.
D. Run the BI Publisher reports called Intercompany Transaction Summary and Account
Details to automatically reconcile intercompany balances.
E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account
balances.
Answer: C

NEW QUESTION: 58
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-
of-balance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
A. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by
subledger source only if you need to schedule different posting times.
B. Schedule your AutoPost Criteria set to run during off-peak hours only
C. Create your AutoPost criteria using minimal source and categories.
D. Use the All option for category and accounting period to reduce maintenance and
ensure that all imported journals are included in the posting process.
Answer: A

NEW QUESTION: 59
Which repot show you differences between your subledger balances and General Ledger
balances?
A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance
reports
B. General Ledger Financial Statements and the Accounts Payable and Accounts
Receivables Invoice Registers
C. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
D. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation
Report
Answer: D

NEW QUESTION: 60
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. Create a manual journal that includes the eliminating entries, and then create a copy of
the Journal batch every period.
B. There is no way to automate this process if the customer is not using Oracle Hyperion
Financial Close Management.
C. Use the spreadsheet template that is accessed from the "Create Journal in
Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
D. Use the General Ledger's Calculation Manager to define an allocation definition to
eliminate entries that you can generate every period.
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/Reference:
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm

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NEW QUESTION: 62
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?
A. Query the account balance online.
B. Run a Trial Balance before and after posting.
C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger
balances.
D. View the Projected Balance region in the Create Journals page.
Answer: C

NEW QUESTION: 63
You want to define an allocation rule where segment values are constants for rules and
formulas. What should you do?
A. Specify Run Time Prompts (RTP).
B. Only specify segment values in formulas.
C. Never use the Outer Point of View (POV).
D. Always use the Outer Point of View (POV).
Answer: B

NEW QUESTION: 64
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. Smart View
B. Account Monitor
C. Financial Reports with Embedded charts
D. Account Inspector and its charts
Answer: A

NEW QUESTION: 65
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/Reference:
Explanation:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm

NEW QUESTION: 66
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. When using ADB, you must define a daily calendar and assign it to your ADB ledger.
B. Average balances are maintained for both actual and budget balances.
C. Average balances are stored in the Essbase cube.
D. 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.
E. Average balances are stored for both subledger balances and general ledger balances.
Answer: B,D

NEW QUESTION: 67
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. Edit existing transactions and update the rates manually.
B. Import daily rates through the Daily Rates open interface table.
C. Update rates manually using the Currency Rates Manager, which can be accessed only
from the Functional Setup Manager.
D. 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.
E. Use the spreadsheet loader from the Currency Rates Manager.
Answer: B,C,D

NEW QUESTION: 68
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. Data Roles
B. Role Mappings
C. You cannot reassign contingent workers.
D. Access Policy Manager's Role Generation
E. Oracle Identity Manager Roles Assignment
Answer: B

NEW QUESTION: 69
You want to prevent intercompany transactions from being entered during the last day of
the close.
What should you do?
A. Close the General Ledger period in the Manage Accounting Periods page.
B. Close all subledger periods.
C. Freeze the Intercompany Journal source in General Ledger.
D. Close Intercompany periods in Fusion Intercompany.
Answer: D

NEW QUESTION: 70
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 system date was set up under the encumbrance accounting Default Date Rule.
B. The actual accounting date was set up under the encumbrance accounting Default Date
Rule.
C. The prior related transaction accounting date was set up under the encumbrance
accounting Default Date Rule.
D. The subledger accounting option is set to system date.
E. The current transaction accounting date was set up under the encumbrance accounting
Default Date Rule.
Answer: E

NEW QUESTION: 71
Which three reporting tools are based on real-time data or balances?
A. Business Intelligence Publisher (BI Publisher)
B. Oracle transactional Business Intelligence (OTBI)
C. Oracle Business Intelligence Applications (OBIA)
D. Smart View
E. Oracle Financial Reporting (FR)
Answer: B,D,E

NEW QUESTION: 72
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: 73
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: 74
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and
Oracle Business Intelligence Applications (OBIA). (Choose three.)
A. Cloud customers can use both OTBI and OBIA.
B. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards,
SAP, and Cloud Applications.
C. OTBI allows you to create custom reports from real-time transactional data against the
database directly.
D. OBIA is based on the universal data warehouse design with different prebuilt adapters
that can connect to various source applications.
E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library
of metrics that help to measure business performance.
Answer: B,C,E

NEW QUESTION: 75
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: 76
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. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data
roles.
B. Open Access Policy Manager (APM) and assign the roles manually
C. Open the Oracle Identity Management (OIM) and make sure the data roles were
created.
D. Open the Manage Users page and make sure the employees at
Answer: B

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NEW QUESTION: 77
What type of user must be defined before you can create an Implementation Project?
A. Implementation Users
B. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the
person provisioning the system, has full access.
C. A full-time employee that has the FSM Superuser role assigned
D. All roles that will be used throughout the implementation
E. None. The Fusion Applications Superuser, FAADMIN, has full access to create an
Implementation Project.
Answer: D

NEW QUESTION: 78
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/Reference:
Explanation:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm

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