1Z0-960 Real Exam Questions and Verified Answers

Question 1 Single choice

Alter submitting the journal for approval, you realize that the department value in the journal incorrect.

How do you correct the value?

A
Delete the journal and create a new journal.
B
Update the journal through workflow
C
Click the Withdraw Approval button in the Edit Journals page and edit the journal.
D
Reverse the journaland create a new one.

Show answer and explanation

Correct answer: B

Question 2 Single choice

Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.

What is a more automated approach to do this?

A
Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to
automatically reconcile intercompany balances.
B
Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
C
Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
D
In Fusion Financials, you must manually reconcile your intercompany account balances.
E
Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.

Show answer and explanation

Correct answer: B

Question 3 Multiple choice

You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.

In which three ways do you accomplish this?

A
Using Workspace, assemble multiple reports into a book.
B
Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
C
Users can drill down on snapshot reports for future analysis.
D
The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
E
Snapshot reports can only be viewed online.

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Correct answers: A, B, D

Question 4 Single choice

Which repot show you differences between your subledger balances and General Ledger balances?

A
Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
B
Payables and Receivables Aging Reports with the General Ledger Trial Balance report
C
Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
D
General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers

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Correct answer: C

Question 5 Single choice

Your customer operates three shared services that perform accounting functions across 50 countries.

What feature allows them to share setup data, such as Payment Terms, across Business Units?

A
Reference Data Sets
B
Business Units functions
C
None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
D
Data Access Sets

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Correct answer: B

Question 6 Multiple choice

You customer is a financial Institution that needs to maintain overage daily balances (ADB).

Which two statements are true regarding this functionality in Fusion Applications?

A
ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
B
Average balances are stored for both subledger balances and general ledger balances.
C
Average balances are stored in the Essbase cube.
D
Average balances are maintained for both actual and budget balances.
E
When using ADB, you must define a daily calendar and assign it to your ADB ledger.

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Correct answers: A, D

Question 7 Single choice

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

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Correct answer: C

Question 8 Single choice

You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.

How do you accomplish this?

A
Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
B
Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
C
Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
D
Use Account Inspector and then export to Excel and copy and paste into PowerPoint.

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Correct answer: C

Question 9 Single choice

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

A
Select the Data/Missing check box in the Data Options tab.
B
Use Excel functions to hide rows with #Missing assigned
C
Choose the Suppress Zeros option under Data options.
D
This indicates a database connection issue. Try to reconnect to Fusion Applications.

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Correct answer: A

Question 10 Multiple choice

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

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Correct answers: A, C