Free Oracle 1z1-333 Exam Dumps Questions & Answers

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

• A.  Posting performance is much faster.
• B.  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.
• C.  You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
• D.  General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
• E.  Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

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

• A.  Formulas
• B.  Point of View (POV)
• C.  RuleSets
• D.  Run Time Prompts (RTP)

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?

• A.  Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
• B.  Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
• C.  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.
• D.  Use Oracle Hyperion Financial Management for this type of complex consolidation.

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

• A.  Journals Reports
• B.  Account Analysis Reports
• C.  Aging Reports
• D.  An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances

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?

• A.  Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
• B.  Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
• C.  Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
• D.  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.