Free Oracle 1z0-960 Exam Dumps Questions & Answers

You want to monitor the close process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

• A.  Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
• B.  Run Closing Status reports.
• C.  Use Close Monitor in General Accounting Dashboard.
• D.  Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.

You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice.
What happens to funds available when you cancel an invoice that requires budgetary control?

• A.  Funds available will change when the invoice is approved.
• B.  The funds reserved for the purchase order is reinstated while the invoice expenditure is reversed by USD
  100.
• C.  The budget and funds available will increase by USD 100.
• D.  The budget will increase by USD 100 and the funds available will decrease by USD 100.

Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

• A.  Period Close Work Area
• B.  General Accounting Dashboard
• C.  Financial Reporting Center
• D.  Journals Work Area

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 sub ledger transactions and all others are based on general ledger balances.
• C.  The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
• D.  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.

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