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Vendor Name : Oracle
Exam Code : 1Z0-960
Exam Name : Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Questions and Answers : 105 Q & A
Updated On : December 7, 2018
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1Z0-960 exam Dumps Source : Oracle Financials Cloud: General Ledger 2017 Implementation Essentials

Test Code : 1Z0-960
Test Name : Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Vendor Name : Oracle
Q&A : 105 Real Questions

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Oracle Oracle Financials Cloud: General

Oracle company: Oracle records Cloud Launches ‘Pre-Bid by way of Moat’ to support marketers determine manufacturer protected, Fraud safe, and Viewable ad inventory | killexams.com Real Questions and Pass4sure dumps

Oracle statistics Cloud nowadays introduced Pre-Bid by way of Moat, a placement answer for entrepreneurs to establish and utilize ad stock that meets their high specifications for third-celebration viewability and invalid site visitors (IVT). These new capabilities will join present company security segments purchasable through Oracle data Cloud to create a magnificent suite of media spend coverage choices. To make implementation seamless and easy, Pre-Bid with the aid of Moat might be built-in with right DSPs, including Adobe promoting Cloud, Amobee, foundation by way of Centro, dataxu, MediaMath, The change Desk, and VideoAmp. 'Savvy marketers admire the enormous economic and reputational dangers from misplaced advertising,' talked about Eric Roza, senior vice president and prevalent manager, Oracle facts Cloud. 'Fraud and viewability issues can drain your advert spend and hurt your consequences, whereas affiliation with offensive or inappropriate content material can lead to lasting brand harm. Oracle's Pre-Bid via Moat offers a unified solution to give protection to media spend for advertisers through bringing collectively potent equipment to set actual-time requirements for viewability, invalid traffic, and brand safety.' Pre-Bid by using Moat helps advertisers to optimize their media buys with:
  • Granular Viewability necessities. Pre-Bid by Moat will allow marketers to set viewability fees for specific advert slots and sizes, providing unprecedented precision earlier than placement.
  • Invalid site visitors Avoidance. Pre-Bid through Moat is powered via Moat's leading IVT dimension know-how. Moat's IVT solutions additionally advantage from learnings from Oracle's other anti-fraud acquisitions, together with net safety and managed DNS from Oracle Dyn, which helps establish irregular traffic patterns on the net and discover and block malicious non-human traffic.
  • Contextual brand defense evaluation. using the contextual intelligence platform from its Grapeshot acquisition, Oracle information Cloud analyzes and interprets the specific content material of every internet web page, no longer just its URL-level key phrases.
  • 'The increase of digital promoting during the last decade has been astonishing. so as to sustain that boom in the years to return, marketers must have faith the effectiveness of the media they purchase,' observed Lewis Rothkopf, widespread supervisor of media and increase channels, MediaMath. 'We're excited to be one of the most first to make Moat's first-in-classification advert measurement actionable for media patrons. We're confident this collaboration will help advertisers reduce waste and offer protection to client have faith.' 'Some manufacturer security solutions ask websites and apps to grade their personal homework through self-mentioned URL key terms describing the content on their sites,' pointed out Patrick Jones, neighborhood vice chairman and accepted supervisor, partnerships, Oracle data Cloud. 'Our contextual intelligence platform stories and classifies billions of pages and apps with language-based algorithms, so they can categorize the content material of every page as protected and manufacturer-applicable. by integrating that company safety with our main IVT and viewability tools, Pre-Bid by using Moat offers marketers self assurance that their advertisements are reaching precise individuals, viewable, and performing in brand-secure environments.' For more information about Oracle information Cloud's Pre-Bid by Moat, please contact the Oracle data Hotline at https://www.oracle.com/cloud/statistics-hotline.html. Disclaimer

    Oracle organization published this content material on 06 November 2018 and is fully accountable for the counsel contained herein. disbursed with the aid of Public, unedited and unaltered, on 06 November 2018 14:02:00 UTC


    way forward for Oracle Cloud may and may be SaaS rather than IaaS | killexams.com Real Questions and Pass4sure dumps

    oow18In his keynote to kickoff OpenWorld, Oracle Chairman Larry Ellison saved lots of his quotable strains for attacks on AWS, however as I discussed in my final column, the two take a little distinctive methods to cloud infrastructure reflective of their contrasting views towards software design and deployment. Ellison’s swipes at AWS were unfortunate considering they took the spotlight off what I believe is Oracle’s more promising cloud product line, its SaaS purposes, where the business has effectively repurposed its licensed software as cloud functions. As i mentioned last time,

    I may see Oracle’s SaaS database and business application products for CX, ERP, SCM, and so on. becoming the favorite vacation spot for corporations relocating workloads to the cloud that don’t want or desire the overhead of managing the underlying software and servers. Oracle is in an ideal position to observe the direction of Adobe and Microsoft, which shifted workplace and content introduction apps to a hybrid mixture of in the community-put in and cloud-primarily based capabilities.

    It’s value exploring the theme in more aspect due to the fact I trust Oracle has greater in typical with software providers like SAP, Adobe and the non-windows, non-infrastructure elements of Microsoft than AWS.

    lots of first rate SaaS news at OpenWorld

    all and sundry loves a great feud between tech titans (even though it’s one-manner), so it turned into convenient to omit the signals of big progress in Oracle’s SaaS business latest at OpenWorld and recent profits releases, specially the many consumer success reports that we documented right here at Diginomica. as an example, in previewing the adventure, Den Howlett talked with Steve Miranda, executive vp of Oracle functions product building about the enterprise’s approach of adding automation and records-pushed intelligence to its ERP, CRM and CX items. Miranda remarked on the pace with which even enormous firms are divesting themselves of on-premise methods in desire of Oracle’s cloud applications (emphasis delivered)

    What I didn’t are expecting became to peer the number of companies which are being disrupted or are disrupting so that even in our case, we used to sell products but now we deserve to be an awful lot more a carrier business and that’s basically diverse. The technical and business procedure debt throughout these corporations ERPs isn't helping them continue to be competitive in those strategies whereas also reacting to clients in ways and at speeds they on no account needed to earlier than. it really is the frenzy in cloud ERP adoption that I didn’t predict.

    As Miranda hinted, the aggressive demands on Oracle itself have pushed it to become a provider enterprise which in flip provides urgency to its SaaS transformation and drives additions to its burgeoning carrier portfolio. whereas it’s unclear how a lot of Oracle runs on SaaS, the business has all of a sudden changed its software items into on-demand functions. As Ellison crowed in his keynote,

    we now have greater SaaS purposes than another cloud issuer.

    The observation’s accuracy is controversial, but what’s not is multiplied consumer adoption and product advancements, such as the means Oracle is adding automation, self-optimization and other types of records-pushed intelligence to its SaaS products. certainly, as Howlett pointed out, laptop intelligence turned into a theme Oracle emphasized on the adventure, as did Ellison as he beseeched valued clientele to share their wants and concepts for ways to make Oracle’s products even more desirable,

    We automate those tedious processes, we automate these advanced strategies, providing you with huge productivity beneficial properties, by means of adopting our next generation cloud functions…

    via working together, your first rate ideas, our good ideas, we will carry the subsequent era of SaaS functions within the cloud.

    OpenWorld became full of shoppers sharing their success stories, which the Diginomica group chronicled in additional than 20 articles. as an example, Park resorts and inns, which crucial to implement a new finance system after being spun out of Hilton, shared its use of Oracle Cloud purposes to each bootstrap the system and supply new capabilities. As Diginomica documented,

    What Park required, Robb [Park’s senior vice president and chief accounting officer] defined, was a single platform for all of its financial records, protecting popular ledger, bills payable, mounted assets, procurement and challenge financials, which also provided business performance management equipment for fiscal shut and consolidation and planning and budgeting. It also wanted to use cloud computing to maintain its IT footprint to a minimum.

    Park labored with consultants from grant Thornton and settled on a plan of attack that worried implementing Oracle ERP Cloud, Oracle Planning and Budgeting Cloud and Oracle financial Consolidation, and the use of Oracle Integration Cloud carrier as the ‘secret sauce’ that allows for Park to move records between these apps.

    Birmingham metropolis tuition told Diginomica an analogous story of the usage of Oracle Cloud to make the most new applied sciences like AI, NLP (natural language processing), chatbots and API functions as a part of its next-era back-office platform. Like most giant, centered corporations, its dreams have been advanced by using a legacy of miscellaneous programs that weren’t designed to discuss with every other, lots much less remote consumers over the web. Birmingham concluded that the appropriate cloud suite may replace 15 siloed techniques and its exhaustive contrast determined that Oracle Cloud, with a portfolio spanning HCM, ERP, BI, payroll, economic planning and budgeting and PaaS extensibility, changed into the appropriate company.

    Tahir Yousaf, Birmingham’s affiliate Director of IT, advised us that the tuition additionally desired to minimize the overhead of customizing the SaaS applications for each and every department, in its place asking every firm to explain their needs, no longer the details of how they'd like to obtain them. As Yousaf said (emphasis delivered),

    So, really, we made a magnificent resolution no longer to do any ‘mapping’. as an alternative we went to each and every of our company gadgets and we talked about ‘are you able to inform us about what you want your effects to be’. What turned into the business outcome you wanted to peer? in case you take a normal set of requirements to a cloud seller, they can do nothing with your requirements, as a result of in fact, their methods are already entirely formed.

    So we asked the cloud providers, how does your cloud device try this? Then we let our clients come to a decision which one to opt for in response to their journey and the experience. Vanilla is better than you think when it comes to its flexibility.

    apart from the breadth of its SaaS portfolio, a ultimate selling point for Oracle become its PaaS, with its tight integration to SQL databases, aid for quite a lot of languages and frameworks and means to make use of backend systems like Kubernetes, Hadoop and Kafka streaming. Oracle PaaS enables Birmingham to fill in the 5 % of performance and compliance necessities the vanilla SaaS functions don’t deliver.

    SaaS growth stated in economic filings

    The significance of Oracle’s SaaS products is obvious in the feedback and statistics it shares with economic analysts at each and every quarterly income document. As I referenced in my previous column, Oracle doesn’t get away cloud carrier profits via product line and, like Microsoft, and typically best discusses growth rates, now not absolute salary figures. That pointed out, after its this fall 2018 report, co-CEO Mark Hurd talked about that standard ERP and HCM SaaS profits was $2.2 billion in FY 2018. whereas it didn’t update the income number after it’s most fresh Q1 2019 report, Oracle did record fabulous growth in SaaS, with co-CEO Safra Catz telling analysts that service salary for ERP grew 30-plus percent, that for vertical cloud applications changed into up 40-plus %, whereas cloud infrastructure and PaaS were tailing at 20-plus p.c.

    Chairman Ellison introduced color, calling Oracle’s cloud ERP product “a strategic key to our success in the SaaS functions layer of the cloud,” boasting that Oracle ranks first in cloud ERP market share with greater than 20,000 Fusion and NetSuite shoppers. Ellison noted that its SaaS boom is fueled with the aid of purchasers replacing on-premise programs (emphasis delivered).

    clients are buying Fusion ERP to replace their present SAP on-premise ERP systems, and purchasers are buying Fusion ERP to replace their latest Workday cloud ERP techniques. ERP is the largest segment in the software enterprise. continuing our quick increase in cloud — in the cloud ERP market places Oracle neatly on its method to becoming the realm’s greatest SaaS purposes business. That’s our method and latest market position within the SaaS layer of the cloud.

    My take

    As I prior to now discussed, Oracle’s approach for cloud infrastructure is designed to facilitate the migration of current commercial enterprise applications to its managed programs. while Oracle offers an exquisite feature set for this demographic, it’s capabilities aren’t exceptionally advanced to these of the huge-three IaaS/PaaS suppliers, AWS, Azure and Google Cloud. Assuming Mark Hurd’s statement that “15 percent of the U.S. company-owned information centers shut down,” is correct, and it sounds plausible, Oracle has many opportunities to benefit IaaS company. then again, I feel Oracle will proceed to play second fiddle to Amazon and Microsoft within the IaaS market.

    I agree with that SaaS is the larger cloud possibility for Oracle as consumers like Birmingham city college intent that in the event that they are going to stream to the cloud, why take half steps by using continuing to operate their applications? as an alternative, they will see the knowledge of allowing Oracle to manipulate, at ease and update the infrastructure and purposes. certainly, given Oracle’s unparalleled expertise in its own functions, it is incredibly prone to do a higher job than the customers could do themselves.

    In an era of cloud applications, corporations add little to no value through working what have become commodity applications like databases, e-mail methods, and other again-workplace systems. although some agencies argue that they require customized installations to satisfy enjoyable company wants, the motive becomes untenable in an period of techniques that can also be prolonged the use of APIs and cloud PaaS frameworks. Oracle has a compelling story in both SaaS and PaaS and should seemingly evolve into a corporation that appears extra like Salesforce than AWS.

    graphic credit - by means of Oracle's picture Twitter feed for OpenWorld 2018

    Disclosure - Oracle is a premier accomplice on the time of writing and covered lots of the trip expenses for the on the ground diginomica group.


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    NO.1 When working with Essbase, versions of the tree hierarchy as defined in the Fusion notavailable in the Essbase balances cube.What should you do to correct this situation?A. Make sure the tree version was published successfully.B. Make sure to flatten the rows of the tree version.C. Make sure the tree is active.D. Redeploy the chart of accounts.Answer: D

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    When it comes to accounting software, entry-level financial applications such as Intuit QuickBooks are the most often installed apps in small to midsize businesses (SMBs). This is even more the case now that so many cloud-based accounting programs such as Freshbooks have entered the market. Intuit QuickBooks, Freshbooks, and similar apps are excellent tools because they're relatively easy to set up and use. That's one of the reasons they're so popular with SMBs. But accounting software that's popular with SMBs generally only gets you so far once your business grows past a certain size. Especially if it starts doing business internationally, your expanding business is going to need more functionality from its accounting system.

    For the purposes of this review roundup, rather than relegate these reviews to midsize businesses only, we'll instead use the increasingly more popular segment description "SME software"—small to midsize enterprise accounting. And the metric we'll use to determine if a particular accounting system falls into this category is its ability to handle complex business functions.

    More Than Just Bookkeeping

    The reason for using this particular approach is simple: Over the past decade or so, business has changed dramatically. With the internet fostering global sales, inventories in multiple locations and countries, and a bewildering mélange of currencies and taxes, even a company with just a few employees can require the sort of financial system complexity once reserved solely for multibillion dollar multinationals. Those multinationals could afford to spend hundreds of thousands of dollars on IT and financial system acquisition, implementation, and support on an ongoing basis, but most SMEs cannot.

    The goal of SME software is to present a good portion of this capability at a price and usability a modest-sized business can afford. In this review roundup, we test 10 SME accounting systems that, for the most part, exist in the cloud, either as managed services or hosted systems. Many of the financial systems we reviewed are actually parts of larger suites, including additional modules covering a wide variety of functionality such as customer relationship management (CRM), business intelligence (BI), project management, data mining, financial reporting, complex budgeting and forecasting, and any number of other areas. For that reason, we had to limit what we looked at and, for now, we stuck with general ledger accounting. Look for us to examine some of these other modules in more detail in an upcoming roundup covering SME enterprise resource planning (ERP) apps.

    SME Customizability

    Because of their modular approach to software delivery, the SME accounting systems we look at here for the most part allow customers to build their own financial systems based on what their operations require. While we examine baseline general ledger capability, these systems often also offer vertical market versions tailored for specific kinds of businesses, such as nonprofit entities, manufacturing companies, distribution businesses, or real estate management, for example. Generally, these are add-on modules that install over the baseline accounting software.

    For example, production, warehousing, and distribution businesses all have very different inventory needs, and this becomes even more complex when the business houses inventory of different kinds in multiple locations or countries. One of the areas we examined, but did not test, was a vendor's ability to meet these various inventory complexities, including bill of materials (BOM) processing, kitting (inventorying subcomponents of a finished product), and supply chain management.

    Other characteristics of higher-level accounting systems include the ability to handle multiple companies and divisions, frequently with intercompany or interdivisional transactions; multicurrency capability, enhanced security, and features such as self-service payroll where the employee can directly access his or her information and make limited changes such as increasing or decreasing the number of dependents.

    Cloud-Scale Accounting

    Another important characteristic of SME software is scalability. This is more of an issue with in-house systems than it is with cloud-based accounting, because scalability is mainly limited by the infrastructure upon which the system is running. In your data center that infrastructure limit can be quickly reached, thereby limiting your scale. In the cloud, you've got as much infrastructure as you feel like paying for at any given time.

    In terms of SME accounting, scalability can be viewed as the ability to add simultaneous users. As the company grows, and as the financial system grows beyond bookkeeping into other areas of financial and managerial utility, the need to grow its users base quickly and easily is critically important. However, because these are high-end systems, especially when you get into in-house financial and ERP systems, scaling up for more users can mean substantially increased licensing costs, higher maintenance fees, and the need for higher-end hardware (if you're running the system in-house rather than as a managed cloud service).

    Another limiting factor in SME accounting scalability is the underlying database. Most entry-level accounting apps use a proprietary database or a third-party offering with an inexpensive licensing fee. Either model, however, can limit the number of users. On the other hand, true enterprise financial systems are likely to use expensive databases, such as IBM DB2, Oracle, or SAP, any of which can dramatically drive up licensing, implementation, and maintenance costs. In between these two extremes, you'll find apps using Microsoft SQL Server (though this one is quickly approaching high-end database territory in terms of both feature and licensing complexity), MySQL, or PostgreSQL. While the accounting staff probably doesn't need to know what the underlying database of their accounting app is, it's definitely something your IT department needs to know and factor into their long-range planning—and that's regardless of whether the overall system is housed on-site or in the cloud.

    Fortunately, your IT department won't have to work alone when it comes to implementing these SME accounting systems. That's because, for the most part, SME accounting systems are not offered for customer installation but rather only through value added resellers (VARs), most of which will make installation part of the package. None of the apps we tested are off-the-shelf retail boxed products, whether they're eventually housed on-site or in the cloud. However, while these services can drive up costs, they can also be highly valuable.

    Depending on the complexity of your business, installation, feature selection, onboarding, and even ongoing support, can all save significant time, at both the implementation stage and if anything ever goes wrong. Good planning and coordination between your staff, the reseller, and your accountant are difficult must-haves but can pay big dividends down the line.

    Evaluating SME Accounting

    In our reviews, we tested using a fully functional testing account provided by the vendors, except when a cloud-based or hosted account wasn't available. In these few instances, we installed the in-house version with the help of the vendor or a designated reseller. Many of the accounting apps we tested include mobile access. With these apps, we tested available remote operations by using an iPad Air, a Lenovo Android tablet, and a Microsoft Surface 3, in addition to a desktop PC (which was our primary test platform).

    When testing these systems yourself, remember that, while SME accounting systems are extremely powerful apps, the one you choose should fit as closely as possible to the way your business runs. That means you need to put in some real work to understand the workflows in your business—not just various accounting practices but also how your inventory is truly managed, for example, or how billing occurs for different kinds of customers. Meet with key business process owners and walk through all of the major workflows of your business before deciding on an SME accounting platform. You need to be aware of where data is generated, what it's used for, and how it might interact with other apps beyond the accounting system. The better you understand these nuances and the closer you can match the app's capabilities to what you need, the more successful your implementation will be.

  • Pros: Simple ribbon bar navigation. Customizable process flowcharts. Simple chart of accounts structure and extensibility. Multiple sets of GAAP, reporting, and TAX books. Easy setup and report creation.

    Cons: Chart of Accounts has a somewhat unconventional approach. Still requires collaboration with a reseller/partner for best results.

    Bottom Line: Intacct is enterprise-class general ledger accounting software with a well-designed balance between utility and ease-of-use.

    Read Review
  • Pros: Solid customer relationship management features. Broad enterprise resource planning features apply to wide variety of businesses. Excellent drilldown capabilities from several system views. Simple reporting. Custom process workflows. Easily navigable, hierarchical dashboards.

    Cons: Confusing help system. Difficult to configuring system for specific roles. Broad but complex feature set.

    Bottom Line: Oracle NetSuite OneWorld is written for the cloud, focusing on ease of use and modularity. It is a solid financials platform that can be easily expanded to meet other business needs simply by buying additional functionality through the cloud.

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  • Pros: On-premises or cloud deployment. Robust amount of costing methods. Works on many databases. Solid reporting. Non-user-based pricing accommodates growing companies. Browser-based app makes it easy to use mobile devices. Navigation is easy.

    Cons: Estimating licensing costs can be difficult. Standard report filters may need customizing. Reliance on third-party add-ons needed if implementing ERP for companies outside the manufacturing/distribution vertical. Unusual pricing structure.

    Bottom Line: Acumatica's intuitive design, enterprise scalability, and flexible pricing model help make Acumatica an excellent choice for enterprise resource planning, general ledger accounting, and inventory management.

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  • Pros: Many report export options. Great transaction drilldown. Extensive online training and help functionality. Solid audit trail report capability

    Cons: . No HR or POS modules for ERP implementations. Limited graphics and charting. Task shortcuts need to be configured. No true dashboards. No process flowchart navigation.

    Bottom Line: AccountMate is a solid entry in small to midsize business (SMB) financials, inventory management, and enterprise resource planning (ERP). Though it's missing some sophisticated features that other products have, it's still very usable and configurable.

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  • Pros: Easy navigation. Two of the three bundles include Crystal Reports. Available as a single purchase or per-month payments. Can be purchased directly or through a reseller channel. Fund Accounting edition available.

    Cons: Crystal Reports costs $495 extra, even for the most basic bundle. Report filters and data entry screens are not particularly intuitive. Not much charting or graphics capability within most modules.

    Bottom Line: Cougar Mountain Denali Summit is aimed squarely at midsized businesses and it sports a wide variety of expansion modules. Its design can be a little lackluster in places, but for most businesses it provides a serviceable financial platform.

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  • Pros: Deep dashboard drilldown. Full suite of ERP creation modules. Good documentation and Help screens. Available in-house or hosted. Includes Working Trial Balance report. Screen, forms, and reports customization. Easy hosted mobile access.

    Cons: No Flowchart/Process navigation. Setting up data entry and reports is somewhat complex.

    Bottom Line: While Open Systems Traverse is one of the oldest players in the space, it actually shows its age in areas like UI design. Still it's a solidly capable mid-tier financial platform that's well worth a look.

    Read Review
  • Pros: Extensive customization available. Underlying SAP HANA database allows for complex business analytics. Microsoft SQL Server also available. Includes Crystal Reports for custom reporting. Can handle multiple currencies. Benefits administration module. Excellent documentation.

    Cons: Initial configuration and installation usually requires partner or expensive Value Added Reseller (VAR). Extensive customization necessary. Only supports Mozilla Firefox browser; testing failed. Ancillary system applications such as HR have pared-down feature sets.

    Bottom Line: SAP Business One Professional has good features and flexibility overall, but is designed as an "old school" enterprise resource planning (ERP) platform. It may be too complex for many users especially small to midsize businesses (SMBs).

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  • Pros: Mobile access from multiple operating systems using Google Chrome. CRM available in the 300 product line. Easily changeable dashboard widgets. Customizable, ribbon-based navigation menus.

    Cons: Payroll and inventory unavailable as 300 components. No hard timetable for adding modules. No flowchart/process navigation. Limited dashboard widgets on screen. Missing drill-down or navigation capability.

    Bottom Line: Sage 300 is a mid-range accounting and enterprise resource planning (ERP) software solution that is easy to use. But its functionality and expansion modules are limited, and it lags slightly behind the competition in drill-down and customization features.

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  • Pros: Easy-to-navigate process menus. Familiar user interface (UI) for current QuickBooks users. Huge user community. Simple forms and report customization. Large number of standard and contributed reports. Excellent import capabilities. Excellent integration with Sales and Purchasing.

    Cons: Offers only Average Costing if acquired without Advanced Inventory feature. No Economic Order Capabilities. Basic Low Inventory warnings. Scalable only up to 30 users. Proprietary database. No true central documentation. Mobile access only with an add-on service.

    Bottom Line: QuickBooks Desktop Enterprise is a good next step for companies that have gotten to large for Intuit's more small business-focused cloud-based versions. However, there are some scalability and back-end integration issues you'll want to consider before making the move.

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  • Pros: Exceptional functionality. Numerous optional components can bring it up to true ERP capability. Base software (Starter Pack) is very well-provisioned. Available on-premises or as a managed cloud service. Large variety of available mobile applications. Huge number of customizable reports.

    Cons: Outdated user interface (UI) isn't user-friendly. Workflow isn't intuitive. Will probably require extensive (and expensive) configuration and customization from Microsoft partners/resellers. Modular approach can result in an expensive system if many subsidiary journals are required.

    Bottom Line: Microsoft Dynamics GP puts functionality rather than user-friendliness at the top of its feature list.

    Read Review


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