Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1z1-960) Free Practice Test

Question 1

Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A. integration with transactions from external feeder systems

B. chart of accounts hierarchy maintenance

C. data access and security

D. chart of accounts master data maintenance

E. cross-validation rules

Correct Answer: B,D

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Question 2

Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A. Reverse the journal and create a new one.

B. Update the journal through workflow

C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.

D. Delete the journal and create a new journal.

Correct Answer: B

Question 3

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. Oracle Identity Management (OIM)

C. Hire a New Ernployee

D. Financials not a stand-alone product

E. Policy Manager (APM)

Correct Answer: B

Question 4

You want to process multiple allocations at the same time. What feature do you use?

A. RuleSets

B. Point of View (POV)

C. Formulas

D. General Ledger Journal entries

Correct Answer: C

Question 5

How do you hide accounts with no balances showing #Missing in Smart view?

A. Choose the Suppress Zeros option under Data options.

B. Use Excel functions to hide rows with #Missing assigned

C. Select the Data/Missing check box in the Data Options tab.

D. This indicates a database connection issue. Try to reconnect to Fusion Applications.

Correct Answer: C

Question 6

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

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

C. 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.

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

Correct Answer: B,C

Question 7

There are two types of Supporting References: one with balances and one without. You want to define Supporting References without balances.
Which two aspects should you remember? (Choose two.)

A. You cannot report on supporting reference details using Online Transactional Business Intelligence (OTBI).

B. You can define an unlimited number of Supporting References without balances.

C. Select the balances option when defining the supporting reference.

D. Define only up to 15 Supporting References without balances, which is the maximum limit.

E. Consider using a journal entry header or line description for Supporting References without balances.

Correct Answer: C,E

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Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1z1-960) Free Practice Test