Oracle Financials Cloud: General Ledger 2017 Implementation Essentials - 1z1-960 Exam Practice Test
Which two delivered roles can access the full functionality of Functional Setup Manager?
Correct Answer: C,D
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You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between the balances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?
Which three factors are responsible for these out-of-balance situations?
Correct Answer: B,D,E
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Which repot show you differences between your subledger balances and General Ledger balances?
Correct Answer: A
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You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
What three aspects should you remember when creating the tree?
Correct Answer: C,D,E
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Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, the General Accountant, enters a journal?
Correct Answer: D
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You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?
Correct Answer: E
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You are working on a multipillar implementation of both HCM Cloud and ERP Cloud. You implemented HCM first using the Enterprise Structures Configurator (ESC).
Which three things should be considered when implementing ERP Cloud and defining its legal entities, business units, charts of accounts, and ledgers? (Choose three.)
Which three things should be considered when implementing ERP Cloud and defining its legal entities, business units, charts of accounts, and ledgers? (Choose three.)
Correct Answer: A,B,C
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On which three occasions are Essbase balances updated?
Correct Answer: B,C,E
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You just submitted the Accounting Configuration. Which two statements are correct? (Choose two.)
Correct Answer: C,D
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You have enabled budgetary control and have a control budget set to Advisory control level. For September
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD.
Which two statements are true? (Choose two.)
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD.
Which two statements are true? (Choose two.)
Correct Answer: B,E
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