Oracle 1z0-960 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-960
Exam Name/Title: Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 140
Updated On: Sep 21, 2026

Question #1

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
How would you achieve this?

A. When designing your financial statement using Financial Report (FR), embed a chart into your report.

B. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.

C. Use Account Inspector that automatically creates graphs on financial balances.

D. Use Smart View, which is and Excel Add-on.

Discussion 0

Correct Answer: C Vote an answer

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Question #2

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What is Oracle's recommended practice when this occurs?

A. Enter another adjusting journal entry in the target currency to true up the balances.

B. Translate only the adjusting journal entry.

C. Rerun Translation and then reconsolidate your results

D. Rerun Revaluation and then rerun Translation

Discussion 0

Correct Answer: C Vote an answer

Question #3

You need to distribute departmental expense reports to l00 department managers in your organization. The report format is the same, but the department values differ.
What in the most efficient way to achieve this?

A. Set up Bursting Options for your batch to prepare multiple versions of a report from a single process.

B. Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department's data based on Segment Value Security Rules.

C. Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it:
to run for every department. Send the different batch outputs as PDF attachments via email to different users.

D. When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department.

Discussion 0

Correct Answer: D Vote an answer

Question #4

Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A. Update the journal through workflow

B. Delete the journal and create a new journal.

C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.

D. Reverse the journal and create a new one.

Discussion 0

Correct Answer: A Vote an answer

Question #5

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table.

B. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers.

C. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

D. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage.

Discussion 0

Correct Answer: A Vote an answer

Question #6

All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships.
What is Oracle's recommended approach to performing consolidations?

A. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.

B. Use Oracle Hyperion Financial Management for this type of complex consolidation.

C. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate Chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program.

D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency and accounting method. Create a separate elimination ledger to enter intercompany eliminations, then create a ledger set across all ledgers and report on the ledger set.

Discussion 0

Correct Answer: D Vote an answer

Question #7

Which statement is true when creating an Implementation Project for Financials Cloud?

A. Plan your implementation project carefully because you cannot delete it or make changes later.

B. The Implementation Project is preconfigured and cannot be deleted or changed.

C. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Financials Cloud.

D. Selecting the Offering "Financials," automatically allows you to perform the setup for all Financials Cloud products.

E. You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Cham Management.

Discussion 0

Correct Answer: C Vote an answer

Question #8

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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