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1z1-960 PDF DEMO:
QUESTION NO: 1
What are the two purposes of a secondary ledger? (Choose two.)
A. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options.
B. It should only be used to maintain balances for processing performance.
C. It is used to main balances in a different currency only.
D. It should not be used when trying to meet local accounting requirements.
E. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting.
Answer: A E
QUESTION NO: 2
Which AMX builder method is most effective in routing the journals to the Accounting
Manager when his subordinate, the General Accountant, enters a journal?
A. Supervisory level approval
B. Dynamic Approval Groups
C. Approval Groups
D. Management Chain approval
E. Cost center based approval
Answer: A
QUESTION NO: 3
Which two types of journals can be automatically routed through the journal approval process?
A. Allocation journals
B. Revaluation journals
C. Manual journals
D. Sub ledger journals
E. Journals imported from third-party systems
Answer: C E
QUESTION NO: 4
You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between the balances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?
A. All sub ledger transactions have been entered but do not have complete accounting.
B. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
C. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
D. Intercompany transactions have not been fully processed.
E. Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.
Answer: B D E
QUESTION NO: 5
You operate in a country whose unstable currency makes it unsuitable for managing your day- to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?
A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
Answer: B
Explanation
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm
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Updated: May 28, 2022