Testking offers free demo for 1Z0-333 exam. "Oracle Financials Cloud: General Ledger 2021 Implementation Essentials", also known as 1Z0-333 exam, is a Oracle Certification. This set of posts, Passing the Oracle 1Z0-333 exam, will help you answer those questions. The 1Z0-333 Questions & Answers covers all the knowledge points of the real exam. 100% real Oracle 1Z0-333 exams and revised by experts!
Q1. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D. Posting performance is much faster.
E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
Answer: B,D
Q2. Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?
A. chart of accounts hierarchy maintenance
B. integration with transactions from external feeder systems
C. chart of accounts master data maintenance
D. data access and security
E. cross-validation rules
Answer: A,C
Explanation:
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.htm
Q3. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?
A. Financial Reporting Center
B. Oracle Transactional Business Intelligence (OTBI)
C. Intelligence Publisher (BI Publish.
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)
Answer: B
Q4. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?
A. Translate only the adjusting journal entry.
B. Rerun Revaluation and then rerun Translation
C. Rerun Translation and then reconsolidate your result
D. Enter another adjusting journal entry in the currency to true up the balances.
Answer: A
Q5. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?
A. Account Inspector
B. Smart View
C. Account Monitor
D. Online Transactional Business Intelligence
E. Financial Reports published to Excel
Answer: E
Q6. 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: A
Q7. You are implementing Segment Value Security rules. Which two statements are true?
A. You can use hierarchies to define rules.
B. The Segment Value Security rules do not take effect until you assign the rules to users and products.
C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.
Answer: A,C
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm
Q8. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
Answer: C