Free Oracle 1z1-960 Exam Dumps Questions & Answers

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

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

What type of user must be defined before you can create an Implementation Project?

• A.None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
• B.None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
• C.All roles that will be used throughout the implementation
• D.A full-time employee that has the FSM Superuser role assigned
• E.Implementation Users

How can your Accounting Manager expedite journal processing during the time-critical month-end close?

• A.by running the Journals report using Business Intelligence Publisher
• B.by using the Close Status monitor to drill down on the close status across ledgers
• C.by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Others
• D.by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)

Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?

• A.If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.
• B.If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
• C.If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
• D.The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
• E.If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

• A.The reversals must be done at the end of each quarter.
• B.Never, because each period's revaluation adjustment is just for that period.
• C.Both balance sheet and income statement revaluation journals should be reversed in the period.
• D.Reverse them in the same period as the revaluation run.