Free Oracle 1z0-960 Exam Dumps Questions & Answers

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

• A.  When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.
• B.  When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.
• C.  The requisition reserved successfully undergoes amendment and is rejected in the reapproval.
• D.  The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What is Oracle's recommended approach to performing consolidations?

• A.  Use Oracle Hyperion Financial Management for this type of complex consolidation.
• B.  Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
• C.  Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
• D.  Define multiple ledgers for consolidation and report on ledger set.

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?

• A.  The subledger accounting option is set to system date.
• B.  The actual accounting date was set up under the encumbrance accounting Default Date Rule.
• C.  The system date was set up under the encumbrance accounting Default Date Rule.
• D.  The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.
• E.  The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.

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

You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger.
Which two actions should you now perform? (Choose two.)

• A.  Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger.
• B.  Define Supporting References with balances.
• C.  Assign a Subledger Accounting Method to the secondary ledger.
• D.  Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions.
• E.  Define Journal Conversion Rules that exclude subledgers.