1Z0-960 Online Practice Questions and Answers

You want to specify Intercompany System Options. Which three factors should you consider?

A. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

B. Whether to allow receivers to reject intercompany transactions

C. Automatic or manual batch numbering and the minimum transaction amount

D. Automatic or manual batch numbering and the maximum transaction amount

E. The approvers who will approve intercompany transactions

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.

What does Oracle consider as best practice to define this chart or accounts?

A. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

B. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

C. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

D. Define two different charts of accounts.

Your customer is having issues transferring intercompany transactions to General Ledger..

Identify three reasons for this.

A. The intercompany transaction is not approved.

B. The corresponding Payables and Receivables invoice have not been generated.

C. If they are different, then the exchange rate is missing between the intercompany and ledger currency.

D. The intercompany period is closed.

E. Both the intercompany and general ledger periods are open.

You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out - of-balance situation between your sub ledgers and general ledger.

Which two aspects should you consider when defining your AutoPost Criteria?

A. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.

B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

C. Create your AutoPost criteria using minimal source and categories.

D. Schedule your AutoPost Criteria set to run during off-peak hours only

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 pa

D. Use Access Policy Manager (APM) to reset the user's password.

E. Create a new user ID and password for the user.

You transact in 50 different currencies and you need to define a high volume of revaluation definitions. Which two methods are Oracle recommended best practices for streamlining this process?

A. Define separate revaluation definitions for each class of accounts, currency, and different rate types.

B. Use hierarchies and parent values in your revaluation definition.

C. Share revaluation definitions across ledgers that share the same chart of accounts.

D. Define one revaluation definition for all accounts (assuming all ledgers share the same chart of accounts) and simply change the parameters at run time.

What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

B. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.

C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

D. Posting performance is much faster.

E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

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. Supervisory level based on HR Supervisors

B. Job level

C. Position

D. Approval Group

Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.

What should you do to correct the problem?

A. Open the Oracle Identity Management (OIM) and make sure the data roles were created.

B. Open the Manage Users page and make sure the employees at

C. Open Access Policy Manager (APM) and assign the roles manually

D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.

You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A. Use SQL to populate the HR interface tables and load employees in bulk.

B. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.

C. Use the "Hire an Employee" user interfaceto inter each user manually.

D. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.

E. Use the "Enter a Supplier" user interface to enter each user manually.