Download Oracle.1z0-960.CertDumps.2018-06-20.60q.tqb

Vendor:	Oracle
Exam Code:	1z0-960
Exam Name:	Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Date:	Jun 20, 2018
File Size:	238 KB

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Demo Questions

Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Correct answer: A

Explanation:

To avoid data corruption, your cumulative adjustment account (CTA) can only be changed if you first perform the following set of steps:Purge all translated balances Change the CTA account Rerun translation Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

To avoid data corruption, your cumulative adjustment account (CTA) can only be changed if you first perform the following set of steps:

Purge all translated balances
Change the CTA account
Rerun translation

Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

Which two are prerequisites for creating subledger accounting entries?

Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
Populating supporting reference information in reference objects
Selecting source values from transaction objects
Creating subledger accounting events
Completing preaccounting validation

Correct answer: BE

Who are the three primary Functional Setup Manager users?