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 #25

Your customer is using budgetary control and encumbrance. You have an open purchase order for $500 USD, which you decide to match to an invoice for $300 USD.
What will be the fund status of the purchase order and invoice?

A. The purchase order is Partially Liquidated and the invoice will be reserved.

B. Both are Partially Reserved.

C. The purchase order is Partially Liquidated and the invoice is Partially Reserved.

D. The purchase order is liquidated and the invoice is Partially Reserved.

E. Both are reserved.

F. The purchase order is Open and the invoice is validated.

Discussion 0

Correct Answer: E Vote an answer

Question #26

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A. Online Transactional Business Intelligence

B. Account Monitor

C. Financial Reports published to Excel

D. Smart View

E. Account Inspector

Discussion 0

Correct Answer: D Vote an answer

Question #27

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with
the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?

A. Use the Open Account Balances Listing report that has balances by customer.

B. Use the Third Party Control Account feature.

C. Use Supporting References to capture customer classification information.

D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).

Discussion 0

Correct Answer: C Vote an answer

Question #28

What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

B. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

D. 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.

E. Posting performance is much faster.

Discussion 0

Correct Answer: C,D Vote an answer

Question #29

Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A. data access and security

B. chart of accounts master data maintenance

C. integration with transactions from external feeder systems

D. cross-validation rules

E. chart of accounts hierarchy maintenance

Discussion 0

Correct Answer: B,E Vote an answer

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Question #30

Your customer is implementing budgetary control with encumbrance accounting. Your
customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget?

A. A control budget can allow override rules only if the control level is absolute.

B. The control budget structure has all the chart of account segments as budget segments.

C. Control budgets are always absolute to generate encumbrance accounting.

D. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.

E. A control budget can be associated with a different calendar than accounting calendar.

Discussion 0

Correct Answer: A,E Vote an answer

Question #31

What is the most efficient way to add a new year to the accounting calendar?

A. The application automatically populates the next year when you open the first period a new fiscal year.

B. Add the periods manually

C. Use the Add Year button

D. Import the periods from a spreadsheet

Discussion 0

Correct Answer: C Vote an answer

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Question #32

You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

A. Edit existing transactions and update the rates manually.

B. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager

C. Import daily rates through the Daily Rates open interface table.

D. Use the spreadsheet loader from the Currency Rates Manager.

E. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.

Discussion 0

Correct Answer: B,C,E Vote an answer

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