Oracle 1z0-333 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-333
Exam Name/Title: Oracle Financials Cloud: General Ledger 2016 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: OPN Certified Specialist

Exam Questions: 80
Updated On: Jul 15, 2026

Question #1

You lust submitted the Accounting Configuration. Which two statements are correct?

A. Verify the data roles created and assign them to the General Ledger users.

B. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

C. A Data Access Set with full read/write access to the ledger is automatically created.

D. Open the ledger's period to begin entering transactions.

Discussion 0

Correct Answer: B,D Vote an answer

Question #2

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct?

A. Define budgetary control at ledger level and only encumbrance controls at the business units.

B. While defining control for business unit one, disable control lor Purchasing, Payable Invoicing, and Receiving.

C. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.

D. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving.

E. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.

F. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.

Discussion 0

Correct Answer: A,F Vote an answer

Question #3

You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A. Close all subledger periods.

B. Close Intercompany periods in Fusion Intercompany.

C. Close the General Ledger period in the Manage Accounting Periods page.

D. Freeze the Intercompany Journal source in General Ledger.

Discussion 0

Correct Answer: B Vote an answer

Question #4

Which three reporting tools are based on real-time data or balances?

A. Oracle Financial Reporting (FR)

B. Smart View

C. Oracle Business Intelligence Applications (OBIA

D. Business Intelligence Publisher (BI Publisher)

E. Oracle transactional Business Intelligence (OTBI)

Discussion 0

Correct Answer: A,B,E Vote an answer

Question #5

After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A. Account Monitor

B. Application Development Framework Desktop Integration(ADFdi)

C. Smart View

D. Account Inspector

Discussion 0

Correct Answer: D Vote an answer

Question #6

When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A. Make sure the tree is active.

B. Redeploy the chart of accounts.

C. Make sure to flatten the rows of the tree version.

D. Make sure the tree version was published successfully.

Discussion 0

Correct Answer: B Vote an answer

Question #7

You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies.
Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

A. Suppliers and Customers

B. Banks, Bank Accounts, and Branches

C. complete Accounting Configuration

D. chart of account values, accounting calendar, and ledger

E. setup data for Receivables and Payables product.

Discussion 0

Correct Answer: A,B,D Vote an answer

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Question #8

Your customer has enabled budgetary and encumbrance controls at the requisition level. You have a purchase order for $1,000 USD, which is fully reserved and has one invoice for $600 USD. When the purchase order is matched through the final match process, the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?

A. $400USD will be expired and not available for use.

B. $400 USD will be added back to available funds

C. Manual encumbrance journal needs to be entered In General Ledger to release the budget amount of $400 USD.

D. Only obligation type will have $400 USD funds available.

E. Invoice type will have less funds available by $400 USD.

Discussion 0

Correct Answer: E Vote an answer

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