Online Access Free 1z0-333 Exam Questions

Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

• A.In Fusion Financials, you must manually reconcile your intercompany account balances.
• B.Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
• C.Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
• D.Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
• E.Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.

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.Both are reserved.
• B.Both are Partially Reserved.
• C.The purchase order is Partially Liquidated and the invoice is Partially Reserved.
• D.The purchase order is Partially Liquidated and the invoice will be reserved.
• E.The purchase order is Open and the invoice is validated.
• F.The purchase order is liquidated and the invoice is Partially Reserved.

Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?

• A.Create two detail control budgets: annually with absolute control and monthly with advisory or track control.
• B.Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
• C.Create a summary budget annually with advisory control and control budget monthly with absolute control.
• D.Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
• E.Create an annual budget with absolute control and so encumbrance accounting will work.

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)

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.$400 USD will be added back to available funds
• B.$400USD will be expired and not available for use.
• C.Only obligation type will have $400 USD funds available.
• D.Manual encumbrance journal needs to be entered In General Ledger to release the budget amount of $400 USD.
• E.Invoice type will have less funds available by $400 USD.