Actual4Test. Actual4test - actual test exam dumps-pass for IT exams

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1 Actual4Test Actual4test - actual test exam dumps-pass for IT exams

2 Exam : 1z1-960 Title : Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Vendor : Oracle Version : DEMO Get Latest & Valid 1z1-960 Exam's Question and Answers 1 from Actual4test.com. 1

3 NO.1 Which two delivered roles can access the full functionality of Functional Setup Manager? A. Application Implementation Manager B. Functional Setup Manager Superuser C. Application Implementation Consultant D. Any functional user E. IT Security Manager Answer: A,C NO.2 Your new accountants have been making mistakes in reconciling accounts assigned to them. Your 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. Financial Reports with Embedded charts C. Account Monitor D. Account Inspector and its charts Answer: A NO.3 Which two General Ledger work would you assign to all your entry-level General Ledger accountants? A. Journals Work Area B. Period Close Work Area C. Financial Reporting Center D. General Accounting Dashboard Answer: A,D NO.4 Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this? A. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances. B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances. C. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance. D. In Fusion Financials, you must manually reconcile your intercompany account balances. E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances. Answer: B NO.5 While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? A. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set. Get Latest & Valid 1z1-960 Exam's Question and Answers 2 from Actual4test.com. 2

4 B. The Account Rule's chart of accounts have no account values assigned C. The Account Rule's conditions are not defined. D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set. Answer: B,D NO.6 Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing. B. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving. C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit. D. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving. E. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning. F. Define budgetary control at ledger level and only encumbrance controls at the business units. Answer: A,F NO.7 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. All sub ledger transactions have been entered but do not have complete accounting. B. Subledger transactions have been accounted and transferred to General Ledger but have not been posted. C. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger. D. Intercompany transactions have not been fully processed. E. Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet. Answer: B,D,E NO.8 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. Manage Users B. Hire a New Ernployee C. Oracle Identity Management (OIM) D. Policy Manager (APM) Get Latest & Valid 1z1-960 Exam's Question and Answers 3 from Actual4test.com. 3

5 E. Financials not a stand-alone product NO.9 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. View the Projected Balance region in the Create Journals page. B. Run a Trial Balance before and after posting. C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances. D. Query the account balance online. NO.10 How can your Accounting Manager expedite Journal processing during the time critical month end close? A. by using the Close Status monitor to drill down on the close status across ledgers B. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Others C. by running the Journals report using Business Intelligence Publisher D. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI) Get Latest & Valid 1z1-960 Exam's Question and Answers 4 from Actual4test.com. 4