Free Oracle 1z0-960 Exam Dumps Questions & Answers

In Financials Cloud, which three reporting tool can be used to access General Ledger balances? (Choose three.)

• A.  Application Composer
• B.  Oracle Transactional Business Intelligence
• C.  Smart View
• D.  Financial Reporting Studio
• E.  Oracle Enterprise Repository

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

• A.  Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
• B.  Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
• C.  There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
• D.  There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.

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

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

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

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

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

• A.  Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
• B.  Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
• C.  Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
• D.  Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.