[Free] 2018(Jan) EnsurePass Testinsides Oracle 1z0-960 Dumps with VCE and PDF 31-40

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Oracle Financials Cloud: General Ledger 2018 Implementation Essentials

Question No: 31

You are required to change today#39;s daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

  1. Use the spreadsheet loader from the Currency Rates Manager.

  2. Import daily rates through the Daily Rates open interface table.

  3. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager

  4. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger#39;s Period Close work area.

  5. Edit existing transactions and update the rates manually.

Answer: B,C,D

Question No: 32

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

  1. Point of View (POV)

  2. Run Time Prompts (RTP)

  3. Formulas

  4. RuleSets

Answer: B,C,D

Question No: 33

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

  1. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules

  2. You can only define balancing rules for different journals#39; sources. You cannot define balancing rules for different journal categories.

  3. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

  4. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

Answer: A,D

Question No: 34

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?

  1. Funds check

  2. Requisition approved

  3. Requisition rejected by the buyer

  4. Submit the requisition for approval

  5. Checkout and Save the requisition

  6. Create change request on the requisition after submitting requisition for approval

Answer: B,F

Question No: 35

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?

  1. Invoice type will have less funds available by $400 USD.

  2. Manual encumbrance journal needs to be entered In General Ledger to release the budget amount of $400 USD.

  3. Only obligation type will have $400 USD funds available.

  4. $400 USD will be added back to available funds

  5. $400USD will be expired and not available for use.

Answer: A

Question No: 36

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?

  1. 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.

  2. 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#39;s data based on Segment Value Security Rules.

  3. Set up Bursting Options for your batch to prepare multiple versions of a report from a single process.

  4. When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department.

Answer: D

Question No: 37

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?

  1. Data Access Sets using an Access Set Type of Primary Balancing Segment

  2. Cross-Validation Rules

  3. Segment Value Security

  4. Balancing Segment Value Assignment to Legal Entities

Answer: A,C Explanation:


Question No: 38

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?

  1. Manage Users

  2. Hire a New Ernployee

  3. Oracle Identity Management (OIM)

  4. Policy Manager (APM)

  5. Financials not a stand-alone product

Answer: C

Question No: 39

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#39;s suggested best practice for doing this?

  1. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.

  2. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.

  3. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.

  4. 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

Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm

Question No: 40

Which three reporting tools are based on real-time data or balances?

  1. Oracle Business Intelligence Applications (OBIA

  2. Smart View

  3. Business Intelligence Publisher (BI Publisher)

  4. Oracle transactional Business Intelligence (OTBI)

  5. Oracle Financial Reporting (FR)

Answer: B,D,E

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