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100% Pass Ensure 1Z0-960 Dumps with Free VCE and PDF (Question 37 – Question 42)

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QUESTION 37
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 a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
B.    Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
C.    Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
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.

Answer: C
Explanation:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm

QUESTION 38
Which three objectives must be considered when designing the chart of accounts? (Choose three.)

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

Answer: ABC

QUESTION 39
Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

A.    Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
B.    Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
C.    Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
D.    In Fusion Financials, you must manually reconcile your intercompany account balances.
E.    Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.

Answer: B

QUESTION 40
You are required to change today’s daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates? (Choose three.)

A.    Use the spreadsheet loader from the Currency Rates Manager.
B.    Import daily rates through the Daily Rates open interface table.
C.    Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
D.    Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area.
E.    Edit existing transactions and update the rates manually.

Answer: BCD

QUESTION 41
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

A.    OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source application.
B.    Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
C.    OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Fusion Applications.
D.    OTBI allows you to create custom reports from real-time transactional data against the database directly.
E.    Cloud customers can use both OTBI and OBIA.

Answer: BCD

QUESTION 42
Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas? (Choose two.)

A.    Detach the table to resize it to the maximum size of the monitor
B.    Export the table to Excel.
C.    Run a Business Intelligence Publisher report with Excel as the output format.
D.    Use the Freeze feature on the tables to scroll through large amounts of data.

Answer: AB


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