Free Oracle 1z1-960 Exam Dumps Questions & Answers

Invoices received from a source system need to use a specific account based on 30 different expense types.
However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

• A.  Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
• B.  Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
• C.  Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
• D.  Create two journal line rules with a condition of supplier type.

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

• A.  Use the Manage Users page to update the user's information and change the password.
• B.  Log in to the user's machine as an Administrator and change the password from the login pa
• C.  Use Access Policy Manager (APM) to reset the user's password.
• D.  Use Oracle Identity Management (OIM) to reset the user's password.
• E.  Create a new user ID and password for the user.

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?

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

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 is Oracle's recommended method to define this chart or accounts?

• A.  Define two different charts of accounts.
• B.  Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
• C.  Define the company segment only and qualify it as both the primary balancing segment and intercompany segment.
• D.  Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

You've set up the standard accrual with encumbrance accounting for your ledger and you realized that the encumbrance journals are defaulting with current date as the accounting date.
What is causing this?

• A.  The system date was set up under the encumbrance accounting Default Date Rule.
• B.  The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.
• C.  The subledger accounting option is set to system date.
• D.  The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.
• E.  The actual accounting date was set up under the encumbrance accounting Default Date Rule.