1Z0-960 Online Practice Questions and Answers

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.

B. The Account Rule's chartof 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.

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.

What's the difference between subject areas that append the word "Real Time" and those that do not?

A. There is no difference.

B. The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.

C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

D. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.

After loading your budget data into Fusion General Ledger, you can view budget balances using these

feature.

Which feature does not belong on the list?

A. Application Development Framework Desktop Integration(ADFdi)

B. Account Inspector

C. Account Monitor

D. Smart View

Your customer is using budgetary control and encumbrance. You have an open purchase order for $500 USD, which you decide to match to an invoice for $300 USD.

What will be the fund status of the purchase order and invoice?

A. The purchase order is Partially Liquidated and the invoice is Partially Reserved.

B. The purchase order is Partially Liquidated and the invoice will be reserved.

C. Both are reserved.

D. The purchase order is liquidated and the invoice is Partially Reserved. E. Both are Partially Reserved.

E. The purchase order is Open and the invoice is validated.

Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/ losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

A. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

B. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

D. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.

What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A. Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively

B. Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.

C. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

D. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

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

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

You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A. Perform an account analysis online.

B. Open a Smart View file saved on your desktop.

C. Create an Account Group using Account Monitor.

D. Use Account Inspector.