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1Z0-333 - Oracle Financials Cloud: General Ledger 2016 Implementation Essentials - Dump Information

Vendor : Oracle
Exam Code : 1Z0-333
Exam Name : Oracle Financials Cloud: General Ledger 2016 Implementation Essentials
Questions and Answers : 80 Q & A
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1Z0-333 Questions and Answers

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Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

  1. Delete the journal and create a new journal.

  2. Update the journal through workflow

  3. Click the Withdraw Approval button in the Edit Journals page and edit the journal.

  4. Reverse the journaland create a new one.

Answer: B


Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source. At what level can you override the default accounting attribute assignment?

  1. Event Type

  2. Journal Line Rule

  3. Event Class

  4. Journal Entry Rule Set

  5. Journal Entry

Answer: D


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?

  1. Clearing companies are not supported.

  2. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity.

  3. You must map legal entities to balancing segment values in order to use a clearing company.

  4. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger.

  5. 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.


Who are the three primary Functional Setup Manager users?

  1. End Users that perform transaction processing

  2. Implementation Project Managers and Consultants

  3. System Administrators

  4. Application Developers

  5. C-Level Executives

Answer: A, B, C


http://docs.oracle.com/cd/E29505 01/fusionapps.1111/e20365/F530303AN100AE.h tm


Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

  1. Account Inspector

  2. Smart View

  3. Account Monitor

  4. Online Transactional Business Intelligence

  5. Financial Reports published to Excel

Answer: E


You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out - of-balance situation between your sub ledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria?

  1. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.

  2. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

  3. Create your AutoPost criteria using minimal source and categories.

  4. Schedule your AutoPost Criteria set to run during off-peak hours only


You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

  1. Close all subledger periods.

  2. Close Intercompany periods in Fusion Intercompany.

  3. Freeze the Intercompany Journal source in General Ledger.

  4. Close the General Ledger period in the Manage Accounting Periods page.

Answer: B


You want to specify Intercompany System Options. Which three factors should you consider?

  1. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

  2. Whether to allow receivers to reject intercompany transactions

  3. Automatic or manual batch numbering and the minimum transaction amount

  4. Automatic or manual batch numbering and the maximum transaction amount

  5. The approvers who will approve intercompany transactions

Answer: A, B, D


You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment. What does Oracle consider as best practice to define this chart or accounts?

  1. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

  2. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

  3. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

  4. Define two different charts of accounts.

Answer: C


Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

  1. chart of accounts hierarchy maintenance

  2. integration with transactions from external feeder systems


  3. chart of accounts master data maintenance

  4. data access and security

  5. cross-validation rules

Answer: A, C

Explanation: http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.h tm

Oracle 1Z0-333 Exam (Oracle Financials Cloud: General Ledger 2016 Implementation Essentials) Detailed Information

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