Free Oracle 1z1-960 Exam Dumps Questions & Answers

Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?

• A.  Create an annual budget with absolute control and so encumbrance accounting will work.
• B.  Create a summary budget annually with advisory control and control budget monthly with absolute control.
• C.  Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
• D.  Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
• E.  Create two detail control budgets: annually with absolute control and monthly with advisory or track control.

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

• A.  You must assign the job role and data security context to each user.
• B.  You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
• C.  A Data Access Set with full read/write access to the ledger is automatically created.
• D.  You must re-deploy the chart of accounts.

You entered a journal and the client is asking for the following information:
* The current account balance
* What the future account balance will be if the Journal is approved and posted How will you get this information?

• A.  Query the account balance online.
• B.  Run a Trial Balance before and after posting.
• C.  View the Projected Balances region in the Create Journals page.
• D.  Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances.

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube.
What should you do to correct this situation?

• A.  Redeploy the chart of accounts.
• B.  Make sure to flatten the rows of the tree version
• C.  Make sure the tree version was published successfully.
• D.  Make sure the tree is active.

All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships.
What is Oracle's recommended approach to performing consolidations?

• A.  Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
• B.  Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency and accounting method. Create a separate elimination ledger to enter intercompany eliminations, then create a ledger set across all ledgers and report on the ledger set.
• C.  Translate balances to the corporate currency, create a chart of accounts mapping to the corporate Chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program.
• D.  Use Oracle Hyperion Financial Management for this type of complex consolidation.