Free Oracle 1z0-333 Exam Dumps Questions & Answers

Which two are prerequisites for creating subledger accounting entries?

• A.  Completing preaccounting validation
• B.  Creating subledger accounting events
• C.  Selecting source values from transaction objects
• D.  Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
• E.  Populating supporting reference information in reference objects

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?

• A.  You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
• B.  You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
• C.  Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
• D.  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.

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

• A.  Event Entities
• B.  Transaction Objects
• C.  Mapping Sets
• D.  Accounting attributes
• E.  Event Classes

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?

• A.  Run a Trial Balance before and after posting.
• B.  View the Projected Balance region in the Create Journals page.
• C.  Query the account balance online.
• D.  Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances

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?

• A.  Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
• B.  Create a summary budget annually with advisory control and control budget monthly with absolute control.
• C.  Create two detail control budgets: annually with absolute control and monthly with advisory or track control.
• D.  Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
• E.  Create an annual budget with absolute control and so encumbrance accounting will work.