Free Oracle 1z1-960 Exam Dumps Questions & Answers

Which two types of journals can be automatically routed through the journal approval process?

• A.  Manual journals
• B.  Allocation journals
• C.  Sub ledger journals
• D.  Revaluation journals
• E.  Journals imported from third-party systems

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

• A.  You can use hierarchies to define rules.
• B.  When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.
• C.  When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products.
• D.  The Segment Value Security rules do not take effect until you assign the rules to users and products.

Which tool can you use to create a Financial Income Statement?

• A.  Rapid Implementation Enterprise Structures setup
• B.  Account Inspector
• C.  PS/nVision
• D.  One View Reporting

Which two are prerequisites for creating subledger accounting entries?

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

Your customer wants to use a clearing company to automatically balance Intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)

• A.  If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity.
• B.  If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal.
• C.  You must map legal entities to balancing segment values in order to use a clearing company.
• D.  If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger.
• E.  Clearing companies are not supported.