Rebecca Bunker
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Implementation Specialist Oracle Financials Cloud Test sobre 1Z0-333 Oracle Financials Cloud Practice Exam, creado por Rebecca Bunker el 03/11/2016.

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Rebecca Bunker
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1Z0-333 Oracle Financials Cloud Practice Exam

Pregunta 1 de 45

1

After loading your budget data into Fusion General Ledger, you can view budget balances using this feature. Which feature does not belong on the list?

Selecciona una de las siguientes respuestas posibles:

  • Application Development Framework Desktop Integration (ADFdi)

  • Account Inspector

  • Account Monitor

  • Smart View

Explicación

Pregunta 2 de 45

1

You need to build a complex account rule. Which four value types can you use in your definition? Select four.

Selecciona una o más de las siguientes respuestas posibles:

  • Value Set

  • Constant

  • Existing Account Rule

  • Account Combination

  • Mapping Set

  • Source

Explicación

Pregunta 3 de 45

1

Your customer has enabled budgetary and encumbrance controls at the requisition level. You have a purchase order for $1,000 USD which is fully reserved and has one invoice for $600 USD. When the purchase order is matched through the final match process, the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

Selecciona una de las siguientes respuestas posibles:

  • Invoice type will have less funds available by $400 USD

  • Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD

  • Only obligation type will have $400 USD funds available

  • $400 USD will be added back to available funds

  • $400 USD will be expired and not available for use

Explicación

Pregunta 4 de 45

1

Your user forgot the password. How do you resolve this?

Selecciona una de las siguientes respuestas posibles:

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

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

  • Log in to the user's machine as an Administrator and change the password from the login page

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

  • Create new user ID and password for the user

Explicación

Pregunta 5 de 45

1

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). Select three.

Selecciona una o más de las siguientes respuestas posibles:

  • OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source application

  • Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

  • OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP and Fusion Applications

  • OTBI allows you to create custom reports from real-time transactional data against the database directly

  • Cloud customers can use both OTBI and OBIA

Explicación

Pregunta 6 de 45

1

Your customer is using budgetary control and encumbrance. You have an open purchase order for $500 USD which you decide to match to an invoice for $300 USD. What will be the fund status of the purchase order and invoice?

Selecciona una de las siguientes respuestas posibles:

  • The purchase order is Partially Liquidated and the invoice is partially reserved

  • The purchase order is Partially Liquidated and the invoice will be reserved

  • Both are reserved

  • The purchase order is liquidated and the invoice is partially reserved

  • Both are partially reserved

  • The purchase order is open and the invoice is validated

Explicación

Pregunta 7 de 45

1

Which two delivered roles can access the full functionality of Functional Setup Manager? Select two.

Selecciona una o más de las siguientes respuestas posibles:

  • Application Implementation Manager

  • Functional Setup Manager Superuser

  • Application Implementation Consultant

  • Any functional user

  • IT Security Manager

Explicación

Pregunta 8 de 45

1

Which two statements are true regarding how Intercompany Balancing rule are defined?

Selecciona una de las siguientes respuestas posibles:

  • All ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules

  • You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.

  • You can define different balancing rules for different combinations of journal sources, journal categories and transaction types.

  • You can define different rules for different charts of accounts, ledgers, legal entities and primary balancing segment value.

Explicación

Pregunta 9 de 45

1

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

Selecciona una de las siguientes respuestas posibles:

  • Journal Category

  • Journal Source

  • Journal Batch

  • Journal Description

Explicación

Pregunta 10 de 45

1

Which three reporting tools are based on real-time data or balances? Select three.

Selecciona una o más de las siguientes respuestas posibles:

  • Oracle Business Intelligence Applications (OBIA)

  • Smart View

  • Business Intelligence Publisher (BI Publisher)

  • Oracle Transactional Business Intelligence (OTBI)

  • Oracle Financial Reporting (FR)

Explicación

Pregunta 11 de 45

1

Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments. Which two recommendations would you give your customer? Select two.

Selecciona una o más de las siguientes respuestas posibles:

  • When entering journals manually the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.

  • Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry.

  • Additional intercompany rules will need to be defined for the two additional balancing segments.

  • Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.

Explicación

Pregunta 12 de 45

1

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

Selecciona una o más de las siguientes respuestas posibles:

  • Account Inspector

  • Smart View

  • Account Monitor

  • Online Transactional Business Intelligence

  • Financial Reports published to excel

Explicación

Pregunta 13 de 45

1

Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use? Select two.

Selecciona una o más de las siguientes respuestas posibles:

  • Data Access Sets using an Access Set Type of Primary Balancing Segment

  • Cross-Validation Rules

  • Segment Value Security

  • Balancing Segment Value Assignment to Legal Entities

Explicación

Pregunta 14 de 45

1

Your customer wants to create fully balanced balance sheets for the Company, Line of Business and product segments for both financial and management reporting. What is Oracle's suggested best practice for doing this?

Selecciona una de las siguientes respuestas posibles:

  • Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions

  • Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting

  • Create three segments and qualify them as the primary balancing segment, second and third balancing segments respectively

  • Create two segments where the first segment represents the concatenation of Company and Line of Business and then enable secondary tracking for the Product Segment

Explicación

Pregunta 15 de 45

1

You are implementing Segment Value Security rules. Which two statements are true?

Selecciona una o más de las siguientes respuestas posibles:

  • You can use hierarchies to define rules

  • The Segment Value Security rules do not take effect until you assign the rules to users and products.

  • When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products

  • When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts

Explicación

Pregunta 16 de 45

1

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?

Selecciona una de las siguientes respuestas posibles:

  • Create an annual budget with absolute control and encumbrance accounting will work

  • Create a summary budget annually with advisory control and control budget monthly with absolute control

  • Create a summary budget annually with absolute control and monthly control budget with advisory or track control

  • Create two detail control budgets: annually with absolute control and monthly with advisory or track control

  • Create two detail control budgets: annually with advisory/track control and monthly with absolute control

Explicación

Pregunta 17 de 45

1

Your customer has enabled encumbrance accounting. You have a control budget with the advisory level set at control. For November 2015, you budget for a given combination is $5000 USD. You have an approved requisition of $900 USD and you have an approved purchase order of $2500 USD. An adjustment encumbrance journal is created in the General Ledger for the obligation type for $1,600 USD. You then cancelled the approved PO line of $400 USD. For November 2015, you created a new invoice by matching to the PO for $2100 USD. Which two statements are true?

Selecciona una o más de las siguientes respuestas posibles:

  • Purchase order encumbrance will be released for $2100 USD

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

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

  • Encumbrance entries are created only for nonmatched invoices so the system will not create an encumbrance accounting entries

  • 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

Explicación

Pregunta 18 de 45

1

Your customer has three legal entities, 50 departments and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

Selecciona una de las siguientes respuestas posibles:

  • Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment respectively

  • Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment and intercompany segment respectively

  • Define five segments for the company, department, natural account, intercompany and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment and no qualifier respectively

  • Define three segments for the company, department and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment and natural account segment respectively.

Explicación

Pregunta 19 de 45

1

You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business units and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

Selecciona una o más de las siguientes respuestas posibles:

  • Complete Accounting Configuration

  • Suppliers and Customers

  • Banks, Bank Accounts and Branches

  • Chart of Account Values, Accounting Calendar, and Ledger

  • Setup data for Receivables and Payables product

Explicación

Pregunta 20 de 45

1

Who are the three primary Functional Setup Manager users?

Selecciona una o más de las siguientes respuestas posibles:

  • End users that perform transaction processing

  • Implementation Project Managers and Consultants

  • System Administrators

  • Application Developers

  • C-Suite Executives

Explicación

Pregunta 21 de 45

1

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

Selecciona una de las siguientes respuestas posibles:

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

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

  • Create your AutoPost criteria using minimal source and categories

  • Schedule your AutoPost criteria set to run during off-peak hours only

Explicación

Pregunta 22 de 45

1

You just submitted the Accounting Configuration. Which two statements are correct?

Selecciona una de las siguientes respuestas posibles:

  • You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

  • A Data Access Set with full read/write access to the ledger is automatically created

  • Open the ledger's period to begin entering transactions

  • Verify the data roles created and assign them to the General Ledger users

Explicación

Pregunta 23 de 45

1

You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules?

Selecciona una o más de las siguientes respuestas posibles:

  • Point of View

  • Run Time Prompts (RTP)

  • Formulas

  • RuleSets

Explicación

Pregunta 24 de 45

1

You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree?

Selecciona una o más de las siguientes respuestas posibles:

  • 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

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

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

  • You only need to flatten the columns if you plan to use the hierarchy in Oracle Transacational Business Intelligence (OTBI)

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

Explicación

Pregunta 25 de 45

1

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

Selecciona una o más de las siguientes respuestas posibles:

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

  • Whether to allow receivers to reject intercompany transactions

  • Automatic or manual batch numbering and the minimum transaction amount

  • Automatic or manual batch numbering and the maximum transaction amount

  • The approvers who will approve intercompany transactions

Explicación

Pregunta 26 de 45

1

You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type such as intercompany sales. Which two statements are correct?

Selecciona una o más de las siguientes respuestas posibles:

  • You must define rules for every combination of specific categories and sources. Otherwise the intercompany balancing will not work

  • You can create a rule for all sources and categories by selecting the source "other" and the category "other"

  • If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value

  • Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.

Explicación

Pregunta 27 de 45

1

What is the most efficient way to add a new year to the accounting calendar?

Selecciona una de las siguientes respuestas posibles:

  • Add the periods manually

  • Use the Add Year button

  • Import the periods from a spreadsheet

  • The application automatically populates the next year when you open the first period in a new fiscal year

Explicación

Pregunta 28 de 45

1

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts. What is the solution?

Selecciona una de las siguientes respuestas posibles:

  • Use the Open Account Balances Listing report that has balances by customer

  • Use the Third Party Control Account feature

  • Use Supporting References to capture customer classification information

  • Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI)

Explicación

Pregunta 29 de 45

1

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?

Selecciona una de las siguientes respuestas posibles:

  • Event Type

  • Journal Line Rule

  • Event Class

  • Journal Entry Rule Set

  • Journal Entry

Explicación

Pregunta 30 de 45

1

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

Selecciona una de las siguientes respuestas posibles:

  • Transaction Objects

  • Event Entities

  • Mapping Sets

  • Accounting Attributes

  • Event Classes

Explicación

Pregunta 31 de 45

1

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a customer segment to your chart of accounts. What is the solution?

Selecciona una de las siguientes respuestas posibles:

  • Use the Open Account Balances Listing report that has balances by customer

  • Use the Third Party Control Account feature

  • Use Supporting References to capture customer classification information

  • Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI)

Explicación

Pregunta 32 de 45

1

Your customer has only licensed Fusion Financials and wants to use approval workflows. Using which page to enter users and assign roles does Oracle consider best practice?

Selecciona una de las siguientes respuestas posibles:

  • Manage Users

  • Hire a New Employee

  • Oracle Identity Management (OIM)

  • Policy Manager (APM)

  • Financials not a stand-alone product

Explicación

Pregunta 33 de 45

1

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

Selecciona una de las siguientes respuestas posibles:

  • Budget Group

  • Application Development Framework Desktop Integral iron (ADFdi)

  • Account Group

  • Budget Controller

  • Budget Account Group

Explicación

Pregunta 34 de 45

1

What are the two benefits of having the Essbase cube embedded in Fusion General Ledger? Select two.

Selecciona una o más de las siguientes respuestas posibles:

  • General ledger balances are multidimensional allowing you to perform robust reporting and analysis

  • You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously

  • You no longer need to create and maintain hierarchies because the Essabase cubes are created when you create your chart of accounts

  • Posting performance is much faster

  • Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules

Explicación

Pregunta 35 de 45

1

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?

Selecciona una de las siguientes respuestas posibles:

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

  • 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

  • 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

  • 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

Explicación

Pregunta 36 de 45

1

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting. What does Oracle consider the best practice approach to performing consolidations?

Selecciona una de las siguientes respuestas posibles:

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

  • User 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

  • 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

  • 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.

Explicación

Pregunta 37 de 45

1

Identify three functions of Functional Setup Manager.

Selecciona una o más de las siguientes respuestas posibles:

  • Provide a central place to access and perform all of the setup steps across Fusion application product

  • Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted

  • Automatically mark the status of tasks as completed after they have been completed

  • Assign setup tasks to individuals with due dates where users must manually update their completion status

  • Centrally manage the close processes across subledgers and ledgers

Explicación

Pregunta 38 de 45

1

Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want easily create eliminating entries for the intercompany activity. What should you recommend?

Selecciona una de las siguientes respuestas posibles:

  • Define an intercompany segment in the chart of accounts. The intercompany module and the intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading

  • There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.

  • Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment

  • There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules you define

Explicación

Pregunta 39 de 45

1

Your enterprise structure has one ledger and two business units. Business until one wants to enable budgetary control for requisitioning only in procure-to-pay business functions and business unit two wants to enable budgetary control for payable invoicing only in procure-to-pay business functions. Which two statements are correct?

Selecciona una o más de las siguientes respuestas posibles:

  • While defining control for business unit two, enable control and requisitioning and define the exceptions to only include invoicing

  • Define control for business unit two to disable control for requisitioning, purchasing and receiving

  • Define budgetary control at ledger level with budgetary control exceptions for each business unit

  • While defining control for business unit one, disable control for purchasing, payable, invoicing, and receiving

  • While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning

  • Define budgetary control at ledger level and only encumbrance controls at the business units

Explicación

Pregunta 40 de 45

1

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

Selecciona una de las siguientes respuestas posibles:

  • Perform an account analysis online

  • Open a Smart View file saved on your desktop

  • Create an Account Group using Account Monitor

  • Use Account Inspector

Explicación

Pregunta 41 de 45

1

You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

Selecciona una de las siguientes respuestas posibles:

  • Drill Through in Grid Properties

  • Report Functions

  • Nothing. All report balances are drillable in all FR studio reports

  • Allow Expansion

Explicación

Pregunta 42 de 45

1

Your customer operates three shared services that perform accounting functions across 50 countries. What feature allows them to share setup data, such as Payment Terms, across business units?

Selecciona una de las siguientes respuestas posibles:

  • Reference Data Sets

  • Business Units Functions

  • None. Setup data is partitioned by business unit and must be defined separately per business unit

  • Data Access Sets

Explicación

Pregunta 43 de 45

1

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?

Selecciona una de las siguientes respuestas posibles:

  • View the Projected Balance region in the Create Journals page

  • Run a Trial Balance before and after posting

  • Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances

  • Query the account balance online

Explicación

Pregunta 44 de 45

1

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that?

Selecciona una o más de las siguientes respuestas posibles:

  • The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set

  • The Account Rule's chart of accounts have no account values assigned

  • The Account Rule's conditions are not defined

  • The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

Explicación

Pregunta 45 de 45

1

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 of accounts?

Selecciona una de las siguientes respuestas posibles:

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

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

  • Define the company segment only and qualify it as both the primary balancing segment and intercompany segment

  • Define two different charts of accounts

Explicación

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