Oracle Financials Cloud: General Ledger 2016 Implementation Essentials - 1z0-333 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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. Only obligation type will have $400 USD funds available. B. $400USD will be expired and not available for use. C. $400 USD will be added back to available funds D. Invoice type will have less funds available by $400 USD. E. Manual encumbrance journal needs to be entered In General Ledger to release the budget amount of $400 USD.

Discussion 0

Correct Answer: D Vote an answer

Question 2

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

A. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value. B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories. C. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types D. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules

Discussion 0

Correct Answer: D Vote an answer

Question 3

Which two delivered roles can access the full functionality of Functional Setup Manager,

A. Any functional user B. Application Implementation Manager C. Application Implementation Consultant D. Functional Setup Manager Superuser E. IT Security Manager

Discussion 0

Correct Answer: B,C Vote an answer

Question 4

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. Close Intercompany periods in Fusion Intercompany. D. Freeze the Intercompany Journal source in General Ledger.

Discussion 0

Correct Answer: C Vote an answer

Question 5

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

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

Discussion 0

Correct Answer: B Vote an answer

Question 6

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

A. Online Transactional Business Intelligence B. Account Inspector C. Account Monitor D. Financial Reports published to Excel E. Smart View

Discussion 0

Correct Answer: E Vote an answer

Question 7

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.

Discussion 0

Correct Answer: A Vote an answer

Question 8

Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting tor these products?

A. They need to license a separate stand-alone Intercompany product that acts as the
Intercompany Accounting Hub. B. Intercompany Balancing Rules are defined centrally and applied across Financials,
Portfolio Project
Management and Supply Chain Management products. C. Each product has its own Intercompany Accounting feature that needs to be set up
separately. D. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-
ledger intercompany transactions and single ledger intercompany journals.

Discussion 0

Correct Answer: A,C Vote an answer