1Z Oracle Financials Cloud General Ledger 2017 Implementation Essentials Exam Summary Syllabus Questions

Transcription

1 1Z0-960 Oracle Financials Cloud General Ledger 2017 Implementation Essentials Exam Summary Syllabus Questions

2 Table of Contents Introduction to 1Z0-960 Exam on Oracle Financials Cloud General Ledger 2017 Implementation Essentials... 2 Oracle 1Z0-960 Certification Details:... 2 Oracle 1Z0-960 Exam Syllabus: Z0-960 Sample Questions:... 3 Answers to 1Z0-960 Exam Questions: Z Oracle Financials Cloud General Ledger 2017 Implementation Essentials pg. 1

3 Introduction to 1Z0-960 Exam on Oracle Financials Cloud General Ledger 2017 Implementation Essentials You can use this exam guide to collect all the information about Oracle Financials Cloud General Ledger 2017 Implementation Essentials (1Z0-960) certification. The Oracle 1Z0-960 certification is mainly targeted to those candidates who has some experience or exposure of Oracle Fusion General Ledger R12 and want to flourish their career with Oracle Financials Cloud General Ledger 2017 Certified Implementation Specialist (OCS) credential. The Oracle Financials Cloud General Ledger 2017 Implementation Essentials certification exam validates your understanding of the Oracle Fusion General Ledger R12 technology and sets the stage for your future progression. Your preparation plan for Oracle 1Z0-960 Certification exam should include hands-on practice or on-the-job experience performing the tasks described in following Certification Exam Topics table. Oracle 1Z0-960 Certification Details: Exam Name Exam Code 1Z0-960 Oracle Financials Cloud General Ledger 2017 Implementation Essentials Exam Product Version Exam Price Oracle Fusion General Ledger R12 USD $245 (Pricing may vary by country or by localized currency) Duration 120 Number of Questions 76 Passing Score 60 Format Multiple Choice Recommended Training Financials CLS Schedule Exam Recommended Practice Pearson VUE - Oracle 1Z0-960 Online Practice Exam Oracle 1Z0-960 Exam Syllabus: - Configure the Chart of Accounts - Explain Essbase Enterprise Structures - Set up accounting hierarchies - Set up the accounting calendar 1Z Oracle Financials Cloud General Ledger 2017 Implementation Essentials pg. 2

4 - Configure Chart of Accounts Security - Configure the legal entity structure and define the relationship to the Chart of Account - Process journal entries - Configure automated journal processing - Explain the journal approval set up Journal Processing - Configure allocations and periodic entries - Explain Average Daily Balance Processing - Explain the secondary ledger and reporting currencies - Create and manage Accounting Rules - Create and process sub ledger accounting entries Sub ledger Accounting - Explain the journal description rules - Identify supporting references - Design the Chart of Accounts and segment level rules for intercompany - Set up Intercompany Accounting (system options, Intercompany Processing transaction types, organizations) - Describe intercompany balancing - Process intercompany transactions and periods - Process intercompany reconciliations - Explain how to design and use various reporting tools - Set up the Financials Reporting Studio - Explain OTBI and GL Subject Areas - Describe Smart View accounting inquiry and analysis Reporting & Analytics - Describe the General Accounting Dashboard and Work Areas - Analyze budgets versus actuals - Describe the Fusion Accounting Hub Reporting Service - Explain the Close Process - Configure and process revaluations - Configure and process translations Period Close - Configure and process consolidations - Analyze reconciliations - Close monitor - Configure and Process Budgets Budgetary Control and - Explain how to analyze and monitor Budget Consumption Encumbrance - Configure Encumbrance Accounting - Process Encumbrance Journals 1Z0-960 Sample Questions: 01. Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting tor these products? a) Each product has its own Intercompany Accounting feature that needs to be set up separately. b) Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project Management and Supply Chain Management products. c) Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single ledger intercompany journals. 1Z Oracle Financials Cloud General Ledger 2017 Implementation Essentials pg. 3

5 d) They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub. 02. 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. 03. You need to create a month-end re-porting 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? a) Using Workspace, assemble multiple reports into a book. b) 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. c) Users can drill down on snapshot reports for future analysis. d) The report contained in the book can be printed or viewed individually or as an entire book that includes a table of contents. e) Snapshot reports can only be viewed online. 04. 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 Group b) Application Development framework Desktop Integral ion (ADFdi) c) Account Group d) Budget Controller e) Budget Account Group 05. Your user forgot the password. How do you resolve this? a) Use the Manage Users page to update the user's information and change the password. b) Use Oracle Identity Management (OIM) to reset the user's password. c) Log in to the user's machine as an Administrator and change the password from the login password. d) Use Access Policy Manager (APM) to reset the user's password. e) Create a new user ID and password for the user. 06. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this? a) Account Inspector b) Smart View c) Account Monitor d) Online Transactional Business Intelligence e) Financial Reports published to Excel 07. Identify three functions of Functional Setup Manager. 1Z Oracle Financials Cloud General Ledger 2017 Implementation Essentials pg. 4

6 a) Provide a central place to access and perform all of the setup steps across Fusion application product b) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted. c) Automatically mark the status of tasks as Completed after they have been completed. d) Assign setup tasks to individuals with due dates where users must manually update their completion status. e) Centrally manage the close processes across subledgers and ledgers. 08. 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 Intercompany periods in Fusion Intercompany. c) Freeze the Intercompany Journal source in General Ledger. d) Close the General Ledger period in the Manage Accounting Periods page. 09. 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) Payables and Receivables Aging Reports with the General Ledger Trial Balance report c) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report d) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers 10. 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) Report Functions c) Nothing. All report balances are drillable in all FR Studio reports. d) Allow Expansion Answers to 1Z0-960 Exam Questions: QUESTION: 01 QUESTION: 02 QUESTION: 03 QUESTION: 04 QUESTION: 05 Answer: c, d Answer: a Answer: a, b, d Answer: e Answer: b QUESTION: 06 QUESTION: 07 QUESTION: 08 QUESTION: 09 QUESTION: 10 Answer: a, b, c Answer: a, b, e Answer: b Answer: c Answer: d Note: If you find any typo or data entry error in these sample questions, we request you to update us by commenting on this page or write an on 1Z Oracle Financials Cloud General Ledger 2017 Implementation Essentials pg. 5

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