Oracle 1Z0-333 Online Practice Questions and Exam Preparation

Oracle 1Z0-333 Online Questions & Answers

• Question 1:

  Who are the three primary Functional Setup Manager users?

  A. End Users that perform transaction processing
  B. Implementation Project Managers and Consultants
  C. SystemAdministrators
  D. ApplicationDevelopers
  E. C-Level Executives
  A. End Users that perform transaction processing
  B. Implementation Project Managers and Consultants
  C. SystemAdministrators

• Question 2:

  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. TransactionObjects
  B. Event Entities
  C. Mapping Sets
  D. Accounting attributes
  E. Event Classes
  A. TransactionObjects

• Question 3:

  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
  A. Application Implementation Manager
  C. Application Implementation Consultant

• Question 4:

  Which two are prerequisites for creating subledger accounting entries?

  A. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
  B. Populating supporting reference information in reference objects
  C. Selecting source values from transaction objects
  D. Creating subledger accounting events
  E. Completing preaccounting validation
  B. Populating supporting reference information in reference objects
  E. Completing preaccounting validation

• Question 5:

  You transact in 50 different currencies and you need to define a high volume of revaluation definiti ns. 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.
  B. Use hierarchies and parent values in your revaluation definition.

• Question 6:

  You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

  A. complete Accounting Configuration
  B. Suppliers and Customers
  C. Banks, Bank Accounts, and Branches
  D. chart of account values, accounting calendar, and ledger
  E. setup data for Receivables and Payables product.
  B. Suppliers and Customers
  C. Banks, Bank Accounts, and Branches
  D. chart of account values, accounting calendar, and ledger

• Question 7:

  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.
  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.

• Question 8:

  Youlust submitted the Accounting Configuration. Which two statements are correct?

  A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
  B. A Data Access Set with full read/write access to the ledger is automatically created.
  C. Open the ledger's period to begin entering transactions.
  D. Verify the data roles created and assign them to the General Ledger users.
  C. Open the ledger's period to begin entering transactions.

• Question 9:

  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
  D. Approval Group

• Question 10:

  You need to build a complex account rule. Which four value types can you use in your definition?

  A. Value Set
  B. Constant
  C. Existing Account Rule
  D. AccountCombination
  E. Mapping Set
  F. Source
  A. Value Set
  B. Constant
  C. Existing Account Rule
  F. Source