Oracle Financials Cloud: General Ledger 2017 Implementation Essentials - 1z1-960 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances. B. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany 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.

Discussion 0

Correct Answer: A Vote an answer

Question 2

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 3

In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

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 Springboards and Work Areas; they can only resize columns. D. They can use Personalization to move and remove regions from those pages.

Discussion 0

Correct Answer: B,D Vote an answer

Question 4

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. Translate only the adjusting journal entry. B. Enter another adjusting journal entry in the target currency to true up the balances. C. Rerun Translation and then reconsolidate your results D. Rerun Revaluation and then rerun Translation

Discussion 0

Correct Answer: C Vote an answer

Question 5

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. Reverse them in the same period as the revaluation run. C. Both balance sheet and income statement revaluation journals should be reversed in the period. D. Never, because each period's revaluation adjustment is just for that period.

Discussion 0

Correct Answer: C Vote an answer

Question 6

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. Approval Group B. Position C. Supervisory level based on HR Supervisors D. Job level

Discussion 0

Correct Answer: A Vote an answer