Oracle Financials Cloud: General Ledger 2017 Implementation Essentials - 1z0-960 Exam Practice Test

A. The system always consumes budget of future periods if the limit for the current period is expired, so December 2015 budget will be considered for reservation.

B. Purchase order encumbrance will be released for $2100 USD.

C. As you are matching to a purchase order, the system will allow the user to create an invoice with the reservation status of Reserved.

D. Encumbrance entries are created only for nonmatched Invoices, so the system will not create any encumbrance accounting entries.

E. As there are cancellations for $400 USD, the system will partially reserve the funds in November 2015 and fully reserve it in December 2015.

A. Define multiple ledgers for consolidation and report on ledger set.

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. Use Oracle Hyperion Financial Management for this type of complex consolidation.

A. You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes.

B. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).

C. It is fine to have the same child value roll up to two or more different parent values.

D. The tree should have at least two tree versions to reduce report and allocation maintenance.

E. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.

A. General Ledger Trial Balance report

B. Receivables to General Ledger Reconciliation report

C. Receivables Aging by General Ledger Account report

D. AR Aging report

A. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report

B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report

C. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

D. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers

A. One View Reporting

B. PS/nVision

C. Rapid Implementation Enterprise Structures setup

D. Account Inspector

A. You must perform additional setup steps for Payables Cloud and Receivables Cloud.

B. You can only associate one Intercompany Organization per Legal Entity.

C. You only need to assign the Legal Entity and Organization Contact.

D. You must assign the corresponding Receivables and Payables Business Units.

A. Accounting attributes

B. Event Classes

C. Transaction Objects

D. Mapping Sets

E. Event Entities

A. Use Oracle Identity Management (OIM) to reset the user's password.

B. Use Access Policy Manager (APM) to reset the user's password.

C. Use the Manage Users page to update the user's information and change the password.

D. Create a new user ID and password for the user.

E. Log in to the user's machine as an Administrator and change the password from the login pa