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Valid 1Z0-960 Dumps with VCE and PDF for Free (Question 31 – Question 36)

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QUESTION 31
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 recommend approach to performing consolidations?

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

Answer: D

QUESTION 32
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. What’s the most efficient way to achieve this?

A.    When viewing the report, download to Excel and use Excel’s Charting features to create your bar graph.
B.    When designing your financial statement using Financial Report (FR), embed a chart into your report.
C.    Use Account Inspector that automatically creates graphs on financial balances.
D.    Use Smart View, which is and Excel Add-on.

Answer: C
Explanation:
https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm

QUESTION 33
Identify three functions of Functional Setup Manager. (Choose three.)

A.    Provide a central place to access and perform all of the setup steps across Fusion application product.
B.    Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
C.    Automatically mark the status of tasks as Completed after they have been completed.
D.    Assign setup tasks to individuals with due dates where users must manually update their completion status.
E.    Centrally manage the close processes across subledgers and ledgers.

Answer: ABE

QUESTION 34
You want to monitor the dose process of all your financial subledgers and ledgers. How can you quickly obtain this information?

A.    Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period.
B.    Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
C.    Use Close Monitor in General Accounting Dashboard.
D.    Run Closing Status reports.

Answer: D

QUESTION 35
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this? (Choose three.)

A.    Account Inspector
B.    Smart View
C.    Account Monitor
D.    Online Transactional Business Intelligence
E.    Financial Reports published to Excel

Answer: CDE

QUESTION 36
In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles? (Choose two.)

A.    They can format each table by hiding and showing columns, moving columns, and resizing columns.
B.    They can use Personalization to move and remove regions from those pages.
C.    Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.
D.    They can have the System Administration customize pages for them using Page Composer.

Answer: AC


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