1Z0-960 Online Practice Questions and Answers

You want to enter budget data in Fusion General Ledger. Which method is not supported?

A. Smart View

B. Application Development Framework Desktop Integration (ADFdi)

C. File-based Data Import

D. Entering budget Journals

You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A. Oracle Identity Manager Roles Assignment

B. Access Policy Manager's Role Generation

C. Role Mappings

D. Data Roles

E. You cannot reassign contingent workers.

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A. Transaction Objects

B. Event Entities

C. Mapping Sets

D. Accounting attributes

E. Event Classes

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

What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.

B. Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies

C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for

D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments.

Which two statements are true regarding the creation of a control budget?

A. Control budgets are always absolute to generate encumbrance accounting.

B. A control budget can allow override rules only if the control level is absolute.

C. The control budget structure has all the chart of account segments as budget segments.

D. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.

E. A control budget can be associated with a different calendar than accounting calendar.

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.

How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.

B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.

C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.

D. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.

On which three occasions are Essbase balances updated?

A. Every time the tree version is published

B. Every time journals are posted to the general ledger

C. Every time you run the batch program called "Update Essbase Balances"

D. At report run-time

E. Every time you open a new period

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)

E. Financials not a stand-alone product

You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree?

A. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.

B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.

C. The tree should have at least two tree versions to reduce report and allocation maintenance.

D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).

E. It is fine to have the same child value roll up to two or more different parent values.