Online Access Free 1z0-960 Practice Test

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget? (Choose two.)

• A.A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.
• B.Control budgets are always absolute to generate encumbrance accounting.
• C.A control budget can be associated with a different calendar than accounting calendar.
• D.The control budget structure has all the chart of account segments as budget segments.
• E.A control budget can allow override rules only if the control level is absolute.

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What is Oracle's recommended practice when this occurs?

• A.Rerun Translation and then reconsolidate your results
• B.Rerun Revaluation and then rerun Translation
• C.Enter another adjusting journal entry in the target currency to true up the balances.
• D.Translate only the adjusting journal entry.

Which three objectives must be considered when designing the chart of accounts? (Choose three.)

• A.Anticipate growth and maintenance needs as organizational changes occur.
• B.Consider implementing a single, global chart of accounts
• C.Limit the number of segments to those you need today to reduce data entry.
• D.Effectively manage an organization's financial business.
• E.Try to use all 30 segments and 25 characters per segment because you cannot change it later.

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

• A.The unmapped segments default to future use segments in Hyperion Financial Management
• B.No data is transferred.
• C.Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
• D.Data is summarized across segments that are not mapped to Hyperion Financial Management

You are setting up Close Monitor, which comprises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

• A.Chart of Accounts
• B.Legal Entities, Business Units, and Chart of Accounts
• C.Chart of Accounts and Business Units
• D.Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
• E.Accounting Calendar