Oracle Financials Cloud: General Ledger 2016 Implementation Essentials - 1z0-333 Exam Practice Test

What is the most efficient way to add a new year to the accounting calendar?
Correct Answer: B
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You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
Correct Answer: B
Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.
Correct Answer: A,D,E
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?
Correct Answer: A
You want to specify Intercompany System Options.
Which three factors should you consider?
Correct Answer: A,D,E
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?
Correct Answer: C
You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out of-balance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
Correct Answer: D
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting tor these products?
Correct Answer: A,D