[2018 New] Oracle Financials Cloud 1Z0-960 dumps| Testpassport

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Share some Software as a Service – Oracle Enterprise Resource Planning Cloud 1Z0-960 exam questions and answers below.
Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.

Which two recommendations would you give your customer?

A. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.

B. Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.

C. Additional intercompany rules will need to be defined for the two additional balancing segments.

D. Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.

Answer: A,D

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.

Which journal attribute should you use to set the automatic posting criteria?

A. Journal Category

B. Journal Source

C. Journal Batch

D. Journal Description

Answer: C

Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules

B. You can only define balancing rules for different journals’ sources. You cannot define balancing rules for different journal categories.

C. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

Answer: AD

You need to build a complex account rule. Which four value types can you use in your definition?

A. Value Set

B. Constant

C. Existing Account Rule

D. Account Combination

E. Mapping Set

F. Source

Answer: A, B, C, F

Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.Which two recommendations would you give your customer?

A. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.

B. Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.

C. Additional intercompany rules will need to be defined for the two additional balancing segments.

D. Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.

Answer: A,D

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