1Z0-333 Oracle Financials Cloud Practice Exam

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?

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

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?

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

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

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?

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

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

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?

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

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.

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

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.

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?

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

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?

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?

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?

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?

Who are the three primary Functional Setup Manager users?

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 ?

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

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

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

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

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?

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

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?

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?

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

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?

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?

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?

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

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?

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?

Identify three functions of Functional Setup Manager.

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?

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?

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

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?

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?

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?

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

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?