Page
1 of 57
===>>
Question: 1
Identify
three statements that are true about bank and supplier payment.
(Choose
three.)
A.
Primary bank account can be only at the supplier site.
B.
Credit and debit memos are examples of payment documents.
C.
Supplier's payment requires a bank account with at least one payment
document.
D.
Use the Banking Details page to create bank accounts for making
payments to suppliers.
E.
If bank accounts for a supplier site are entered, Payables defaults
the supplier's active bank
accounts.
Answer:
C, D, E
===>>
Question: 2
Which
four attributes are validated during the Journal Import process?
(Choose
four.)
A.
period
B.
approval level
C.
balanced journal
D.
cross-validation rule
E.
account combination
F.
journal sequence number
Answer:
A, C, D, E
===>>
Question: 3
Identify
three ways that an invoice can be submitted for validation. (Choose
three.)
A.
online by clicking the Validate button in the Invoice Batches window
B.
online by clicking the Validate and Account button in the Invoice
Batches window
C.
in batch by submitting the Payables Invoice Validation program from
the Invoice Workbench
D.
in batch by submitting the Payables Invoice Validation program from
the Submit Request
window
E.
online by selecting either the Validate check box or the Validate
Related Invoices check box in
the
Invoice Actions window
Answer:
A, D, E
===>>
Question: 4
During
the entry or update of expense reports in the Payables Expense Report
window, holds can
be
applied on an expense report. These holds are carried forward to the
invoice created from the
expense
report in Payables. Which statement is true?
A.
Only one user-defined hold and no system hold can be applied on one
expense report in the
Payables
Expense Report window.
B.
Any number of user-defined holds and only one system hold can be
applied on one expense
report
in the Payables Expense Report window.
C.
Only one user-defined hold and any number of system holds can be
applied on one expense
report
in the Payables Expense Report window.
D.
Any number of user-defined holds and any number of system holds can
be applied on one
expense
report in the Payables Expense Report window.
Answer:
A
Page
2 of 57
===>>
Question: 5
Identify
three statements that are true for setting up withholding tax for a
supplier and supplier
site.
(Choose three.)
A.
Withholding tax is an account distribution process.
B.
The withholding tax option can be overwritten at the invoice level.
C.
If a supplier does not allow withholding tax, you cannot allow
withholding tax for any of the
supplier's
sites.
D.
Payables defaults the withholding tax group from the supplier site to
the invoice and then to
invoice
distribution.
E.
The Payables setup option, allow withholding tax, can make suppliers
and supplier sites
subject
to withholding tax.
Answer:
C, D, E
===>>
Question: 6
In
the accrual process for period-end accruals, which two events
generate accounting entries that
can
be transferred to General Ledger? (Choose two.)
A.
processing a receipt
B.
entering a purchase order
C.
running the period-end accrual program
D.
entering invoices and matching them in Payables
Answer:
C, D
===>>
Question: 7
Select
three activities that must be performed to complete the setup of the
key accounting
flexfield.
(Choose three.)
A.
Create aliases.
B.
Define a value set.
C.
Define security rules.
D.
Define an account structure.
E.
Define valid segment values.
F.
Create account combinations.
Answer:
B, D, E
===>>
Question: 8
Identify
the four reports you must run when reconciling invoices and payments
to the Accounts
Payable
Trial Balance Report. (Choose four.)
A.
Void Check Register
B.
Posted Invoices Report
C.
Posted Payments Report
D.
Accounts Payable Trial Balance - prior period
E.
Payables Transfer to General Ledger Reports
F.
Accounts Payable Trial Balance - current period
G.
Account Analysis - (132 Char) / Account Analysis - (180 Char).
Answer:
B, C, D, F
===>>
Question: 9
Page
3 of 57
You
have a new employee in the buying department. She set up a number of
item numbers and
chose
not to flag them for invoicing. Several transactions have been
completed in Order
Management
by using these new item numbers. What effect would this event have on
the
Receivables
closing process?
A.
The transactions would be flagged as exceptions.
B.
The transactions would be deleted from the system.
C.
The transactions would prevent Receivables from being closed.
D.
The transactions would prevent Order Management from being closed.
Answer:
A
===>>
Question: 10
Identify
what three considerations must be executed before creating a report
by using the
financial
statement generator. (Choose three.)
A.
Download Web ADI.
B.
Create the database link.
C.
Determine the data to be reported.
D.
Define attributes for rows and columns.
E.
Decide which rows and columns will make up the report.
Answer:
C, D, E
===>>
Question: 11
Before
you can pay or create accounting entries for an invoice, the Invoice
Validation process
must
validate the invoice. After this process is run, there is data that
cannot be updated, modified,
or
changed. Choose three data fields that cannot be updated, modified,
or changed after the
Invoice
Validation process has run and this invoice has a prepayment applied
to it. (Choose
three.)
A.
invoice date
B.
supplier site
C.
trading partner
D.
supplier number
E.
invoice description
Answer:
A, C, D
===>>
Question: 12
XYZ
Company is implementing Oracle at its headquarters in the US. It has
operations in
Australia,
the UK, and China. The Australian and the US operations can share the
same
chart
of accounts segments, and the UK and China operations can share the
same chart of
accounts
segments. All
operations
share the same calendar or period-type combination, but not the
currency. Each
country
requires
that a separate accounting data be maintained. Identify the number of
legal entities to be
created
and the number of accounting setups.
A.
Create one legal entity and four accounting setups.
B.
Create four legal entities and one accounting setup.
C.
Create two legal entities and four accounting setups.
D.
Create four legal entities and four accounting setups.
Answer:
D
Page
4 of 57
===>>
Question: 13
Creating
multiple scheduled payments allows you to issue partial payment of an
invoice or to pay
an
invoice over multiple dates. Identify the one invoice field that is
NOT used on the Scheduled
Payments
tabbed page.
A.
due date
B.
bank account
C.
gross amount
D.
trading partner
E.
payment method
F.
system hold reason
Answer:
D
===>>
Question: 14
The
Quick Payment method is best described as the method of _____.
A.
creating a payment without an invoice
B.
manually writing a check outside of Payables
C.
recording a payment made outside of Payables
D.
creating and printing a computer-generated payment to pay a supplier
for one or more invoices
Answer:
D
===>>
Question: 15
Scott,
a consultant with a leading consulting firm, is implementing Oracle
General Ledger at a
client
site and is setting up FSG reports to be used by different users. One
of the customer
requirements
is that all users with modify access must not be able to modify
privileges on FSG
reports.
Identify the correct option to meet customer requirements.
A.
Enable the security on definition by selecting the enable security
check box.
B.
Remove the security on definition by deselecting the enable security
check box.
C.
Exclude the assign access function for those definitions from the
user's responsibility.
D.
Define security rules and specify what actions can be performed by
each user or a group of
users.
E.
Set up profile options against each user and specify what actions can
be performed by each
user
or a group of users.
Answer:
C
===>>
Question: 16
Company
K has identified these business requirements for their Payables
operations:
1.
All invoices must be part of a batch.
2.
Discounts must be taken in all situations.
3.
Invoices must be numbered by the system.
4.
Accounting entries must be created for all invoice types.
5.
All credit memos above a certain dollar amount must be approved
before entry.
6.
Four-way matching is enforced.
Select
the profile option to be configured that will satisfy the above
requirements.
A.
AP: Invoice Match
B.
AP: Use Invoice Batch Controls
Page
5 of 57
C.
AP: Enable Invoice Autonumbering
D.
AP: AP Discounts Interface Start Date
E.
AP: Use Invoice Accounting For Credit Memos
Answer:
B
===>>
Question: 17
Identify
three statements that are true for supplier's bank details. (Choose
three.)
A.
Suppliers maintain their bank details.
B.
Bank details are required only for manual check payments.
C.
Bank accounts can be added at any time for a supplier or supplier
site.
D.
Payables uses bank account information to generate an electronic
payment for a supplier.
E.
Updating bank accounts for a supplier will not affect bank accounts
for existing supplier sites.
Answer:
C, D, E
===>>
Question: 18
Select
two valid statements that apply to chart of accounts structures for a
global company.
(Choose
two.)
A.
A segment of different chart of accounts structures can share the
same value set.
B.
A global chart of accounts is possible only if all sets of books for
companies worldwide use the
same
chart of accounts structure.
C.
If the same value set is used for two or more chart of accounts
structures, the same security
rules
for that segment cannot be assigned to multiple structures.
D.
It is possible to have multiple companies in the same set of books
provided that they share the
same
chart of accounts structure, accounting calendar, and reporting
currency.
Answer:
A, B
===>>
Question: 19
You
initiated a pay run by entering criteria for invoices that you want
to pay. In which order would
you
perform these steps to complete the pay run process?
1.
Review proposed payments.
2.
Print payments.
3.
Create payment instructions.
4.
Select and build proposed payments.
5.
Mark payments as complete.
A.
4, 2, 1, 5, 3
B.
4, 1, 3, 2, 5
C.
2, 4, 1, 3, 5
D.
5, 4, 1, 2, 3
Answer:
B
===>>
Question: 20
Jack,
the CFO of ABC Company, wants to prepare the annual capital
expenditure budget for the
current
year where the company plans to grow in the last quarter of the year.
The capital
expenditure
budget is subdivided in multiple items, and the corporate calendar
used at ABC
Company
has thirteen periods. Identify the three budget rules that Jack must
use to minimize the
effort.
(Choose three.)
A.
Use the divide evenly rule with the 4/4/4 spread.
Page
6 of 57
B.
Use the divide evenly rule with the 4/5/4 spread.
C.
Use the divide evenly rule with the 5/4/4 spread.
D.
Use the divide evenly rule with the 4/4/5 spread.
Answer:
B, C, D
===>>
Question: 21
Which
two statements are true about defining payment documents? (Choose
two.)
A.
Checks and electronic payments are examples of payment documents.
B.
Credit and debit memos and checks are examples of payment documents.
C.
You can create only one payment document for each internal bank
account.
D.
You must create at least one payment document before you can use a
bank account to create
invoice
payments.
E.
Use the Payment Documents window to define payment documents for
internal, customer, and
supplier
bank accounts.
Answer:
A, D
===>>
Question: 22
You
are on a phased-approach implementation. Payables and Purchasing are
being implemented
in
Phase One, and Assets in Phase Two. Identify three choices in the
process for the best way to
discuss
supplier naming conventions and supplier site naming conventions.
(Choose three.)
A.
Agree upon naming conventions.
B.
Gather only the Payables and Purchasing personnel.
C.
Document conventions and obtain the sign-off by authorized approvers
later.
D.
Document conventions and obtain the sign-off by authorized approvers
immediately.
E.
Gather all interested parties for requirements-including Assets,
Payables and Purchasing.
Answer:
A, D, E
===>>
Question: 23
Identify
the setup options that would allow the accounts payable supervisor to
default an active
expense
report template.
A.
System Options
B.
Financial Options
C.
Code Set Options
D.
Payables Options
E.
Expense Report Payables Options
Answer:
E
===>>
Question: 24
Company
Z has implemented Payables, General Ledger, and Project Accounting.
Both Transfer
to
GL and Interface Supplier Costs are processed each night. A
descriptive flexfield called SAI
Value
has been defined on the invoice header to capture additional
information, and is used in
conjunction
with the accounting on the invoices. This is not a required field.
There is a
corresponding
user-defined hold called SAI Hold, which is manually applied whenever
an invoice
is
created and the SAI Value has not been provided to Company Z by the
supplier. During weekly
reviews
of accounting, users have found that invoice transactions that are on
SAI Hold are
displayed
in Project Accounting but not in General Ledger. Select what is
causing this issue.
A.
Invoices have not been validated.
Page
7 of 57
B.
The current General Ledger period is closed.
C.
The current Project Accounting period is closed.
D.
The Payables Accounting process has not been run.
E.
Accounting is not being created by the user-defined hold.
F.
The descriptive flexfield field must be a required field, and not an
optional field.
Answer:
E
===>>
Question: 25
Identify
two events that take place when an invoice is matched to a purchase
order. (Choose
two.)
A.
Tolerances are enforced.
B.
The quantity billed is updated.
C.
The quantity received is updated.
D.
The purchase order accounting information is copied to the invoice.
Answer:
B, D
===>>
Question: 26
Which
three activities would use summary accounts? (Choose three.)
A.
creating a monthly recurring standard journal entry to amortize
goodwill
B.
allocating the total monthly costs of the Information Services
department to other departments
C.
estimating a sales commission accrual based on the total of all
product sales for each division
D.
formulating a budget for employee benefits in each company based on
the total of all budgeted
employee
salaries
Answer:
B, C, D
===>>
Question: 27
Peter,
the GL accountant, tells you that he has defined the budget and that
the budget amounts
have
been entered and approved by management. After approval, he wants his
assistant
accountants
to NOT be able to update this budget. What would be your response?
A.
The budget status must be current.
B.
Set the budget status to frozen to meet this need.
C.
The Oracle General Ledger budget functionality cannot satisfy this
requirement.
D.
If the client wants to do this, customization of Oracle Workflow is
the only option.
Answer:
B
===>>
Question: 28
Where
do you define the attribute that determines whether you will accrue
expense items at
receipt
or at period end?
A.
System Options
B.
Financial Options
C.
Payables Options
D.
Purchasing Options
E.
Payables System Setup Options
Answer:
D
===>>
Question: 29
Page
8 of 57
Select
the four activities that are NOT part of the Payables closing
process.
(Choose
four.)
A.
confirm payment batches
B.
close the Payables period
C.
close the General Ledger period
D.
process period-end receipt accruals
E.
review the Uninvoiced Receipts Report
F.
process the remaining Inventory transactions
Answer:
C, D, E, F
===>>
Question: 30
Purchasing
has numerous activities that are performed as a key part of the
Procure-to-Pay
process.
Select three activities that are performed in the Purchasing module
that will integrate
into
Payables. (Choose three.)
A.
canceling invoices
B.
performing receiving
C.
scheduling payments
D.
creating purchase orders
E.
creating purchase order detailed accounting information
Answer:
B, D, E
===>>
Question: 31
ABC
Systems is headquartered in Toronto with a branch in New Delhi. The
Toronto office uses a
weekly
calendar, whereas the New Delhi office uses a monthly calendar. The
GL journals of New
Delhi
must be reflected in Toronto's books. What conversion method would
you use?
A.
Use journal-level secondary ledger conversion.
B.
Use subledger-level secondary ledger conversion.
C.
Use adjustment-level secondary ledger conversion.
D.
Use both subledger-level and adjustment-level secondary ledger
conversion.
Answer:
A
===>>
Question: 32
XYZ
Corporation has five segments in its accounting flexfield. For a
special profit-and-loss report,
they
want to sort by the fourth segment, which is "product."
Select the element that would meet
this
need.
A.
row set
B.
row order
C.
content set
D.
column set
Answer:
B
===>>
Question: 33
What
are the three prerequisites for interfacing Payables invoice lines
with Assets? (Choose
three.)
A.
The invoice has no holds.
B.
The invoice must be posted to General Ledger.
Page
9 of 57
C.
The invoice has been transferred to General Ledger.
D.
The invoice distribution has "Track as Asset" selected.
E.
The distribution account is an Asset Clearing or CIP account.
Answer:
C, D, E
===>>
Question: 34
There
are numerous Oracle modules that are integrated into or out of the
Payables module.
Identify
four Oracle modules that are directly integrated with Oracle
Payables. (Choose four.)
A.
Loans
B.
Purchasing
C.
Bill of Materials
D.
E-Business Tax
E.
Order Management
F.
Cash Management
G.
System Administrator
Answer:
A, B, D, F
===>>
Question: 35
Which
is the final step in processing a payment batch?
A.
Cancel the payment batch.
B.
Confirm the payment batch.
C.
Validate the payment batch.
D.
Run the create accounting process.
E.
Transfer the batch to General Ledger.
Answer:
B
===>>
Question: 36
Identify
two implementation considerations that impact Payables during the
closing process.
(Choose
two.)
A.
Determine how often you will run the Transfer Journal Entries to GL
process.
B.
Determine the number of clearing accounts to use for Projects,
Assets, and Cash
Management.
C.
Choose the detail option to transfer details to General Ledger during
the Create Accounting
process.
D.
Review the scheduling of the Create Accounting process to ensure that
this is processed
before
processing pay runs.
E.
Review the scheduling of the Mass Additions Create process to ensure
that this is processed
before
the Create Accounting process.
Answer:
A, B
===>>
Question: 37
Identify
the table used to load procurement card transactions.
A.
AP_Card_Codes
B.
AP_Invoices_Interface
C.
AP_Invoice_Lines_Interface
D.
AP_Expense_Feed_Lines_All
Page
10 of 57
Answer:
D
===>>
Question: 38
Which
three are true regarding purchase order-matched invoices? (Choose
three.)
A.
You can set up controls in your system to require you to purchase
order-match each invoice.
B.
You can set up controls in your system to require you to
invoice-match credit /debit memos
that
have been matched to a purchase order.
C.
You can set an option on a purchase order shipment that controls
whether invoices must
match
that shipment directly or through a receipt.
D.
You set tolerances to specify the range of variance you will allow if
the amounts or quantities
on
the invoice are less than the amounts or quantities on the purchase
order or receipt.
E.
You set tolerances to specify the range of variance you will allow if
the amounts or quantities
on
the invoice are greater than the amounts or quantities on the
purchase order or receipt.
Answer:
A, C, E
===>>
Question: 39
You
are implementing Oracle General Ledger at ABC Enterprises. ABC
Enterprises is a legal
entity
and must perform corporate and statutory reporting. It operates in a
country that requires
companies
to have two complete ledgers: one for statutory reporting and another
for corporate
reporting.
Identify the best option for primary and secondary ledgers.
A.
Use the primary ledger to satisfy corporate reporting requirements,
and then use a secondary
ledger
to satisfy statutory reporting requirements.
B.
Use the primary ledger to satisfy statutory reporting requirements,
and then use a secondary
ledger
to satisfy corporate reporting requirements.
C.
Use the primary ledger to satisfy corporate reporting requirements,
and then use an
adjustment-only
secondary ledger to satisfy statutory reporting requirements.
D.
Use the primary ledger to satisfy statutory reporting requirements,
and then use an
adjustment-only
secondary ledger to satisfy corporate reporting requirements.
Answer:
A
===>>
Question: 40
Your
company accrues expense items at period end. Identify the report that
must be generated
before
you run your receipts' accrual period-end process.
A.
Accrual Write-Off
B.
Uninvoiced Receipts
C.
Mass Additions Create
D.
Accounts Payable Trial Balance
Answer:
B
===>>
Question: 41
Select
two actions that ledger sets permit. (Choose two.)
A.
performing variance inquiries
B.
being used for mass budgets
C.
sending budget balance inquiries
D.
viewing account balances for multiple ledgers in one view
E.
grouping multiple ledgers that share the same chart of accounts and
calendar
Answer:
D, E
Page
11 of 57
===>>
Question: 42
Assume
that the withholding tax is calculated at the invoice payment time
and the withholding tax
rate
is 20%. Identify three statements with the correct withholding tax
calculations. (Choose
three.)
A.
invoice amount $500, withholding tax $100 (20% of $500)
B.
invoice amount $400, prepayment invoice for $200, withholding tax $4
(20% of $200)
C.
invoice amount $600, prepayment invoice for $100, withholding tax $12
(20% of $600)
D.
invoice amount $500, prepayment invoice for $250, withholding tax $50
(20% of $500 - $250)
E.
invoice amount $600, prepayment invoice for $100, withholding tax
$100 (20% of $600 - $100)
Answer:
A, D, E
===>>
Question: 43
Identify
three options for preventing prepayments. (Choose three.)
A.
Release the scheduled payment.
B.
Apply one or more holds to the prepayment.
C.
Apply the holds as you would for any other invoice.
D.
Release the holds from a prepayment just as you would for any other
invoice.
Answer:
B, C, D
===>>
Question: 44
Mark,
the GL accountant, asks you whether he can use the constant (C)
segment type with the
parent
segment values while defining the MassAllocation formula. What would
be your response?
A.
Whether you can do this depends on the formula.
B.
You can customize the workflow and then do this.
C.
Whether you can do this depends on the responsibility.
D.
You can do this only if Allow Dynamic Insert is enabled.
E.
You can do this only if there is a summary account associated with
the parent.
Answer:
E
===>>
Question: 45
Select
four tips that can be used to speed up data entry. (Choose four)
A.
Use quick invoices.
B.
Use distribution sets.
C.
Use recurring invoices.
D.
Use keyboard shortcuts.
E.
Use only invoices without holds.
Answer:
A, B, C, D
===>>
Question: 46
The
fiscal year of XYZ Inc. is the calendar year. Before closing the
Mar-05 period, a GL user
notices
that an entry related to the Dec-04 period has not been entered.
Dec-04 has a closed
status.
Now that the user has all the approvals, he or she wants to know how
to enter and post
the
journal in GL, ensuring that all balances are reflected correctly.
What must the user do?
A.
Open Dec-04; enter and post the journal; close the period.
B.
Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close
all periods.
Page
12 of 57
C.
Open Dec-04; enter and post the journal; run the Trial Balance
report; close the period.
D.
The user cannot post to a prior period that is not in the current
fiscal year. So, enter and post it
in
Mar-05.
Answer:
C
===>>
Question: 47
Which
journal entry type does General Ledger automatically reverse and
post?
A.
actuals
B.
budgets
C.
actuals and budgets
D.
budgets and encumbrance
E.
actuals, budgets, and encumbrance
Answer:
A
===>>
Question: 48
Choose
three required steps while performing the accounting setup in the
Accounting Setup
Manager.
(Choose three.)
A.
Define operating units.
B.
Update accounting options.
C.
Complete the accounting setup.
D.
Define intercompany balancing rules.
E.
Create the accounting setup structure.
F.
Assign balancing segment values to legal entities.
Answer:
B, C, E
===>>
Question: 49
Identify
two types of inquiries that are possible on ledger sets. (Choose
two.)
A.
variance inquiry
B.
summary template and summary account inquiries
C.
a budget balance inquiry to view the budgeted figures
D.
an account inquiry on ledger sets to view actual accounts balances
across multiple ledgers
that
are assigned to a ledger set
E.
an account inquiry on ledger sets to view encumbrance account
balances across multiple
ledgers
that are assigned to a ledger set
Answer:
D, E
===>>
Question: 50
Which
two statements correctly describe the translation process? (Choose
two.)
A.
You can rerun the translation process more than once per period.
B.
With the translation process, you can translate only year-to-date
amounts.
C.
If you rerun the translation process, it adds more data to the
previous translated amounts.
D.
Translation for a subsidiary can be initiated from the parent by
clicking the state controller
translate
button.
Answer:
A, D
===>>
Question: 51
Page
13 of 57
At
your client site, the Payables period-close processes have been
performed. The Payables
transfer
to GL has been completed, and the resulting journal entries have been
posted to GL. The
current
Payables period has been closed. The Accounts Payable Trial Balance
(last day of prior
period)
+ Posted Invoices - Posted Payments equals the Accounts Payable Trial
Balance (last
day
of current period). However, the balance in the AP liability account
in GL for the current
period
does not equal the Accounts Payable Trial Balance (last day of the
current period). What is
the
possible reason?
A.
Inventory has not closed for the current period.
B.
Purchasing has not closed for the current period.
C.
Period-end accrual journals have been reversed in GL.
D.
Manual journals have been posted to the AP liability account in the
current period in GL.
Answer:
D
===>>
Question: 52
Identify
the two invoice types processed by the Payables Open Interface
process. (Choose two.)
A.
standard
B.
prepayment
C.
debit memos
D.
credit memos
Answer:
A, D
===>>
Question: 53
When
you validate an invoice in Payables, E-Business Tax automatically
performs four tasks.
(Choose
four.)
A.
creates distributions
B.
recalculates tax lines
C.
allocates tax amounts
D.
places tax-related holds on the invoice
E.
updates imported invoices into Payables
Answer:
A, B, C, D
===>>
Question: 54
There
are many fields with important data displayed on the main page of the
Payables Overview
window.
Which three fields do NOT appear in the Payables Overview main
window? (Choose
three.)
A.
Terms
B.
Paygroup
C.
Trading Partner
D.
Settlement Date
E.
Remit-To Bank Account Name
Answer:
A, B, E
===>>
Question: 55
Identify
three key accounts to be considered during the implementation of
Payables that impacts
the
reconciliation of the accounts payable liability accounts. (Choose
three.)
A.
AP liability account
Page
14 of 57
B.
accrual charge account
C.
receiving accrual account
D.
accrued Payables account
E.
receiving inventory account
F.
expense AP accrual account
G.
inventory AP accrual account
Answer:
A, F, G
===>>
Question: 56
At
your client site, under Payables Options, the Transfer to GL option
has been set to Summarize
by
Accounting Period. The period-end close processes for AP have run and
the Payables
journals
(purchase invoices and payments) have been created and posted in GL.
Which
statement
is true?
A.
It is not possible to drill down from GL to Payables.
B.
It is possible to drill down from journals of categories purchase
invoices and payments in GL to
Payables.
C.
Drilldown from the journals of category purchase invoices in GL is
possible, but not drilldown
from
journals of category payments.
D.
Drilldown from the journals of category payments in GL to Payables is
possible, but not
drilldown
from journals of category purchase invoices.
Answer:
B
===>>
Question: 57
ABC
Corporation has five companies, which operate in different
industries. Each company has a
different
ledger-processing option that is industry specific. Choose the number
of primary ledgers
that
are required to be defined.
A.
five
B.
four
C.
two
D.
one
E.
three
Answer:
A
===>>
Question: 58
The
GL accountant tells you that he is running the tests to check the
budget functionality. He says
that
the GL period was closed, but he was able to post the budget journal
in a closed period. You
check
the setup and confirm that the GL period in which he was able to post
the budget journal
was
closed. What explanation do you give?
A.
The budget year is open.
B.
The budget status is frozen.
C.
The budget status is current.
D.
The Require Budget Journal profile option is set at the set of books
level.
Answer:
A
===>>
Question: 59
Which
four selection criteria can be used when creating a pay run? (Choose
four.)
A.
supplier
Page
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B.
due date
C.
customer
D.
pay group
E.
invoice batch
F.
payment priority
Answer:
A, D, E, F
===>>
Question: 60
You
are in the Tax Lines Summary window and you update the calculated tax
amount of one of
the
taxable distributions. You must also adjust _____.
A.
the number of invoice lines
B.
the total header invoice amount
C.
the amount of another distribution
D.
the self assessed taxes in the Tax Details window
Answer:
C
===>>
Question: 61
Identify
three statements that properly describe the use of distribution sets.
(Choose three.)
A.
Assign a distribution set to an invoice when you enter it.
B.
Use full distribution sets to create distributions with no set
percentage amounts.
C.
Use skeleton distribution sets to create distributions with set
distribution amounts.
D.
Assign a default distribution set to a supplier site, so Payables
will use it for every invoice you
enter
for that supplier site.
E.
Use a distribution set to enter distributions for an invoice
automatically when you are not
matching
it to a purchase order.
Answer:
A, D, E
===>>
Question: 62
Your
client is closing its first period. The client completed the
accounting cycle for each of the
subsidiary
books. Its staff has called you to troubleshoot its process because
the consolidation
did
not produce any data. Select two steps that you would perform to
identify the error. (Choose
two.)
A.
Review the workflow process.
B.
Evaluate the mapping settings.
C.
Review the GL_Interface tables.
D.
Confirm the account hierarchy setups.
E.
Run the period close by using a different amount type.
Answer:
B, C
===>>
Question: 63
When
structuring the summary accounts hierarchy, what fact must you take
into consideration?
A.
Grandparenting is not allowed (parents cannot become children).
B.
You must include every parent value that is defined in the chart of
accounts to a rollup group.
C.
General Ledger will not automatically maintain rollup relationships
from the summary level to
the
lowest detail level.
D.
You can drill down only on balances from the summary level to the
lowest detail level, and not
to
intermediate detail levels.
Page
16 of 57
Answer:
D
===>>
Question: 64
Identify
the three reports that can be processed using the State Controller
window. (Choose
three.)
A.
Consolidation Audit
B.
Consolidations Journal
C.
Consolidation Financial
D.
Consolidation Exceptions
E.
Consolidation Balance Inquiry
Answer:
A, B, D
===>>
Question: 65
Which
three statements are true about the revaluation process? (Choose
three.)
A.
You must post the revaluation journal entries.
B.
The revaluation process must be executed after the translation
process has completed.
C.
This process revalues the foreign currency portion of the account
balances by using the
revaluation
rate defined in the period rates table.
D.
Revaluation calculates the differences between the current cumulative
functional currency
balance
of the foreign transactions and the revalued functional currency
balance calculated by
using
the revaluation rate.
Answer:
A, C, D
===>>
Question: 66
Jane,
the GL accountant, comes to you with a requirement: the recurring
journals batches must
be
automatically generated at specified intervals. What would be your
response?
A.
Allow Dynamic Insert must be enabled to satisfy this requirement.
B.
Cross-validation rules must be defined to satisfy this requirement.
C.
It is possible to satisfy this requirement by using the
autoallocation functionality.
D.
It is not possible to satisfy this requirement; recurring journals
must be created manually.
Answer:
C
===>>
Question: 67
Jane,
the GL accountant, asks you whether she could delete the budget after
it has been defined.
She
also wants to know whether she could delete the budget organization
after it has been
defined.
What would be your response?
A.
You can delete the budget and the budget organization after they have
been defined.
B.
You cannot delete the budget or the budget organization after either
has been defined.
C.
You cannot delete a budget after it has been defined. However, you
can delete a budget
organization.
D.
You cannot delete a budget organization after it has been defined.
However, you can delete a
budget.
Answer:
C
===>>
Question: 68
Page
17 of 57
Identify
two correct statements about the consolidation feature of Oracle
General Ledger.
(Choose
two.)
A.
Both budget and actual balances can be consolidated.
B.
Consolidation is possible only when the subsidiaries use multiple
Oracle application instances.
C.
You can consolidate balances only when there are separate ledgers for
different companies.
D.
You can maintain multiple companies with similar or different
accounting structures and
consolidate
their results for meaningful financial reporting.
Answer:
A, D
===>>
Question: 69
The
client's GL accountant comes to you with a problem. A journal cannot
be posted because it
has
not been approved. The preparer cannot submit the journal for
approval because the
Approve
button is disabled in the Enter Journals form and the supervisor has
not received a
notification
requesting the approval. What could be the possible cause for this
problem?
A.
The profile option GL: Allow Preparer Approval must be reset.
B.
One of the GL account code combinations in the journal is invalid.
C.
Authorization limits have not been defined properly and the GL period
is closed.
D.
Budgetary control has been enabled for the set of books and funds
have not been reserved for
the
journal.
Answer:
D
===>>
Question: 70
You
set the GL: Journal Review Required profile option to "Yes."
Identify the result.
A.
requires all journals to be reviewed before posting
B.
requires review of recurring journals before posting
C.
requires review of a journal entered in GL by the approver before
posting
D.
requires generated AutoAllocation journals to be reviewed before
posting
Answer:
D
===>>
Question: 71
You
have been hired to implement Oracle General Ledger at XYZ Company.
They want to have
four
legal entities to support operations in the US (East), the US (West),
the UK, and France. The
chart
of accounts and accounting calendar are similar for all entities
except France. Only the UK
operations
want to enable average balances and journal approvals. What would be
the minimum
number
of setups needed to meet this need?
A.
four
B.
two
C.
one
D.
three
Answer:
D
===>>
Question: 72
R12
uses simplified navigation paths. To which specific button or
navigational notation does (ST)
refer?
A.
start
B.
stop
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C.
save
D.
submit
E.
search
F.
subtab
Answer:
F
===>>
Question: 73
ABC
Company in India imports baking equipment from XYZ Company in he USA.
There is an
outstanding
invoice of $1,000,000 to be paid in two months. The USD-to-INR rate
when the
transaction
was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to
40.5. Jack,
who
is a treasury analyst at ABC Company, reviews the transactions and
comes to a conclusion.
Select
two correct conclusions arrived upon by Jack. (Choose two.)
A.
XYZ Company is not impacted at all by this rate change.
B.
XYZ Company has a positive impact by this rate change.
C.
ABC Company is not impacted at all by this rate change.
D.
ABC Company has a positive impact by this rate change.
Answer:
A, D
===>>
Question: 74
Identify
three features of Payment Manager. (Choose three.)
A.
updates a supplier's bank details
B.
provides calculation of the interest amount
C.
uses templates to select invoices to pay that meet the payment
criteria
D.
creates payment process request templates by specifying invoice
selection criteria
E.
automatically submits invoices via payment process requests to Oracle
Payments for
processing
and payment
Answer:
C, D, E
===>>
Question: 75
ABC
Corporation is headquartered in New Delhi with an office in Mumbai.
They share the same
chart
of accounts, calendar, and currency. The Mumbai ledger contains
manual adjustments and
automated
adjustments. The New Delhi office does not need a complete ledger to
perform
management
or statutory reporting. Which four statements are true in the given
scenario?
(Choose
four.)
A.
The Mumbai ledger is an adjustment-only secondary ledger.
B.
Perform all adjustments in the Mumbai ledger.
C.
Perform all day-to-day transactions in the New Delhi ledger.
D.
Use ledger sets to combine transaction data and adjustment data.
E.
Perform all day-to day-transactions and adjustments in the New Delhi
ledger.
F.
Consolidate data in the Mumbai ledger with the New Delhi ledger while
reporting.
Answer:
A, B, C, D
===>>
Question: 76
Identify
four interface tables that are available in Oracle Payables. (Choose
four.)
A.
Payables Open Interface
B.
Suppliers Open Interface
C.
Payables PCard Interface
Page
19 of 57
D.
Payables Payments Interface
E.
Payables PO Matching Interface
F.
Payables Invoice Open Interface
Answer:
A, B, C, E
===>>
Question: 77
Identify
three Oracle E-Business Suite Release 12 applications that both
integrate with Payables
and
provide Payables-related accounting information to Oracle Subledger
Accounting. (Choose
three.)
A.
Oracle Assets
B.
Oracle Leasing
C.
Oracle Inventory
D.
Oracle Receivables
E.
Oracle Procurement
Answer:
A, C, E
===>>
Question: 78
Identify
four functions of the Invoice Validation process. (Choose four.)
A.
applying any required holds
B.
releasing any qualifying holds
C.
applying all prepayments and discounts
D.
validating the General Ledger accounting information
E.
validating and creating accounting entries for the invoice
F.
ensuring that the total amount of all distributions equals the
invoice total
G.
creating an additional distribution for any difference between the
total amount of all
distributions
and the invoice total
Answer:
A, B, D, F
===>>
Question: 79
Identify
four purposes for which the Special Calendar is used. (Choose four.)
A.
payment terms
B.
recurring invoices
C.
Key Indicators Report
D.
automatic tax withholding
E.
opening and closing payables periods
F.
controlling the number of future periods
Answer:
A, B, C, D
===>>
Question: 80
Select
three levels where additional reporting currency representations can
be maintained.
(Choose
three.)
A.
batch
B.
journal
C.
balance
D.
subledger
Answer:
B, C, D
Page
20 of 57
===>>
Question: 81
Identify
the four setup options that control supplier defaults. (Choose four.)
A.
financial options
B.
payables options
C.
receiving options
D.
purchasing options
E.
Payables system setup
F.
Trading Community Architecture (TCA)
Answer:
A, B, D, E
===>>
Question: 82
XYZ
Limited has hired Jack as the Oracle General Ledger implementation
consultant. Select
three
steps that are required for creating a new accounting structure.
(Choose three.)
A.
Define jurisdictions.
B.
Define period types.
C.
Assign legal entities.
D.
Save the accounting structure.
E.
Define accounting representations.
F.
Define subledger accounting methods.
Answer:
C, D, E
===>>
Question: 83
Identify
three setup options that are defined in the Financial Options window.
(Choose three.)
A.
interest
B.
retainage
C.
miscellaneous
D.
expenses clearing
E.
expense AP accrual account
Answer:
B, C, D
===>>
Question: 84
Select
three statuses of the consolidation workbench. (Choose three.)
A.
posted
B.
entered
C.
exported
D.
reversed
E.
transferred
Answer:
A, D, E
===>>
Question: 85
ABC
Company in the United Kingdom has three subsidiaries in three
different countries. It
consolidates
the accounts of all subsidiaries and the headquarters by using the
average
balances.
John is new to Oracle General Ledger. He has just joined ABC Company.
He needs to
consolidate
for the current month. On completion of the consolidation, John was
not able to tally
the
consolidated figures with the ledgers. Select two reasons why John
failed to see the correct
balances.
(Choose two.)
Page
21 of 57
A.
Posting of the consolidation journals may have failed.
B.
He forgot to add the prior periods consolidation in the current
period.
C.
Manual adjustment needed after every consolidation was not performed.
D.
John may not have reversed the prior periods consolidation in the
current period.
Answer:
A, D
===>>
Question: 86
You
are working on an implementation for Accounts Payable for ABC Inc.
Your client has three
requirements:
1.
They want to be able to pay only certain types of suppliers by batch.
2.
Each payment batch must be under $100,000 USD, or the batch
automatically gets canceled
without
user intervention.
3.
Each single payment for a supplier site must be between $10 USD and
$10,000 USD, or the
payment
is automatically not issued.
To
meet the above requirements, you perform these steps:
a)
Set up suppliers with pay groups for each type, and use them when
running the payment
batch.
b)
Set up the payment batch with Maximum Outlay equal to $100,000 USD.
c)
Set up the payment batch with Maximum/Minimum payments as $10 USD and
$10,000 USD.
Which
requirements have you met?
A.
2 and 3
B.
1, 2 and 3
C.
1 and 2
D.
1 and 3
Answer:
D
===>>
Question: 87
John
has created two ledgers: one primary and one secondary. The primary
ledger stores
transactional
data and the secondary ledger stores only adjustments. The secondary
ledger
shares
the same chart of accounts, accounting calendar or period-type
combination, and
currency
as the associated primary ledger. John wants to obtain a complete
accounting
representation
that includes both transactional data and adjustments while running
reports.
Identify
the best option.
A.
Merge the primary ledger and the secondary ledger, and run reports.
B.
Transfer adjustment data from the secondary ledger to the primary
ledger while running
reports.
C.
Transfer transactional data from the primary ledger to the secondary
ledger while running
reports.
D.
Use ledger sets to combine the adjustments-only secondary ledger with
the primary ledger
when
running reports.
Answer:
D
===>>
Question: 88
Page
22 of 57
ABC
Enterprise has operations in the US, France, and Italy. The US,
France, and Italy operations
have
separate legal and statutory requirements. The tax requirements also
differ for each
country.
Identify the action you would perform to set up Oracle General
Ledger.
A.
Create a separate legal entity and accounting setup for each
operation.
B.
Create one legal entity and three accounting setups for the US,
France, and Italy.
C.
Create three legal entities for the US, France, and Italy, and one
accounting setup.
D.
Create three legal entities for each operation. Create one accounting
setup for France and
Italy,
and one for the US.
E.
Create two legal entities: one for France and Italy, and one for the
US. Create two accounting
setups:
one for France and Italy, and one for the US.
Answer:
A
===>>
Question: 89
To
transmit an electronic payment instruction manually, perform these
four steps.
1.
In the Payments Manager, select the Payment Instruction tab.
2.
In the Status field of the Search region, select Formatted - Ready
for Transmission and click
the
Go button.
3.
For the applicable payment instruction, click the Take Action icon.
The Transmit Payment
Instruction:
<number> page is displayed.
4.
From the Actions drop-down list, select Transmit and click the Go
button.
Arrange
the steps in the proper sequence they would be performed.
A.
1, 3, 2, 4
B.
1, 2, 3, 4
C.
1, 3, 4, 2
D.
2, 3, 4, 1
Answer:
B
===>>
Question: 90
Select
the income tax report that is NOT available in the Payables module.
A.
Withholding Tax by Invoice
B.
Withholding Tax by Supplier
C.
Withholding Tax by Payment
D.
Withholding Tax by Supplier Site
Answer:
D
===>>
Question: 91
You
need to verify that your system has enough resources to handle the
volume of accounts that
would
be generated by the summary account template.
The
template has been designed as follows:
D-Region-D
The
first segment is company, which has ten values.
The
second segment is division, which is represented by the rollup group
region. It has six parent
values.
The
last segment is account, which has 500 values.
How
many summary accounts would be generated by the template?
A.
60
B.
500
Page
23 of 57
C.
3,000
D.
5,000
E.
30,000
Answer:
E
===>>
Question: 92
Select
the correct sequence of tasks required for period closing in Oracle
General Ledger.
1.
Verify that all journals are posted.
2.
Close the period of each subledger.
3.
Run the Trial Balance report and other month-end reports.
4.
Close the period and open the next period.
5.
Perform reconciliation of subsidiary ledgers.
6.
Transfer and import data from all subledgers.
A.
6, 5, 2, 1, 4, 3
B.
3, 2, 1, 6, 4, 5
C.
6, 5, 1, 3, 2, 4
D.
6, 5, 2, 1, 3, 4
E.
6, 2, 3, 1, 5, 4
Answer:
D
===>>
Question: 93
A
client is implementing ACH and has a business requirement that all
invoices go through an
approval
process flow. Identify three features of the Invoice Approval
Workflow that would meet
their
requirement. (Choose three.)
A.
allows automatic resubmission of an invoice if rejection occurs
B.
has predefined criteria to identify which invoices require approval
C.
allows approval routing management from one central responsibility
D.
provides automatic routing of invoices upon approval to another
designated approver
E.
allows for corrections to invoices to be made while still in the
approval routing process
F.
provides time limits as to how long an invoice can remain unapproved
before being
automatically
rerouted to the next approver
Answer:
B, D, F
===>>
Question: 94
John,
the rates manager at ABC Company in the USA, is in charge of
maintaining currency rates
for
the entire company. John had defined the rates for GBP to USD and GBP
to Indian Rupee
(INR)
only. Sam, the company accountant, is worried that he would not be
able to execute
transactions
involving USD and INR currencies. What does John say to help Sam?
A.
Currency Rates Manager automatically converts all transactions
entered in INR to USD.
B.
Currency Rates Manager automatically converts all transactions
entered in INR to GBP first
and
then to USD.
C.
Currency Rates Manager automatically performs the calculation between
USD and INR on the
basis
of cross-rate rules.
D.
Sam must manually define the USD to INR rates first, to be able to
enter transactions involving
USD
and INR currency.
E.
Sam must manually define the INR to USD rates first, to be able to
enter transactions involving
USD
and INR currency.
Page
24 of 57
Answer:
C
===>>
Question: 95
A
manager wants to review the cash balance by company. He has asked you
to create the
summary
account template. The company's accounting flexfield has four
segments:
Company
(5 values)
Cost
Centers (30 values)
Region
(4 values)
Account
(180 values)
The
total number of cash accounts is five that are associated with two
parents:
Three
accounts are associated with the parent called "Checking."
Two
accounts are identified with the parent called "Savings."
To
combine the cash parents, you created a rollup group named "Cash."
How
many accounts would the summary account template generate?
A.
10
B.
40
C.
60
D.
240
E.
1200
Answer:
A
===>>
Question: 96
Which
two actions would you perform by using the column set builder
function? (Choose two.)
A.
assigning accounts
B.
creating the format mask
C.
defining calculations in the new column
D.
sorting rows based on values in a column
Answer:
B, C
===>>
Question: 97
Which
three restrictions apply when you are paying invoices with a "quick"
payment type?
(Choose
three.)
A.
You can select only those invoices that are due.
B.
If you want to pay multiple invoices, none can be a pay-alone
invoice.
C.
If you want to pay multiple invoices, none can be of an invoice type
of prepayment.
D.
You can pay only as many invoices as you defined for the remittance
advice of the payment
document.
E.
You can select only those invoices that have the same supplier site
as the payment supplier
site
you enter.
Answer:
B, D, E
===>>
Question: 98
Select
four options that can be set at the supplier site level. (Choose
four.)
A.
surveys
B.
tax details
C.
accounting
D.
bank details
E.
business classification
Page
25 of 57
Answer:
A, B, C, D
===>>
Question: 99
Choose
the reason why Tina is unable to view the subledger entries from
Oracle Payables in the
Oracle
General Ledger module. She has run the transfer program that
completes successfully.
A.
Journal Import is not submitted.
B.
The Journal source is not defined.
C.
The Journal category is not defined.
D.
Payables is not integrated with General Ledger.
Answer:
A
===>>
Question: 100
To
set up and use Multiple Organization Access Control (MOAC) most
effectively, you need to
define
three profile options. (Choose three.)
A.
MO: Operating Unit
B.
HR: Security Profile
C.
MO: Security Profile
D.
HR: Business Group
E.
MO: Default Operating Unit
Answer:
A, C, E
===>>
Question: 101
Payment
process request templates are created on the Templates tabbed page of
the Payments
Manager
to simplify pay run processing. All statements in the list below
represent steps to create
a
payment process request template. Which one is the first step?
A.
Specify payment attributes.
B.
Specify template header information.
C.
Specify the degree of pay run automation.
D.
Specify invoice payment selection criteria.
E.
Specify how the system handles validation failure on the document and
payment levels.
Answer:
B
===>>
Question: 102
Select
two reasons to use reporting hierarchies instead of summary accounts.
(Choose two.)
A.
Use summarized data in journal formulas.
B.
Summary relationships are not permanent.
C.
Inquiry of summary amounts is done online.
D.
The primary use for summarization is only for reports.
E.
You can easily reorganize summary views in the future.
Answer:
D, E
===>>
Question: 103
To
enter manual tax lines on invoices, enable manual tax options in
E-Business Tax. Select three
setup
options for manual tax lines. (Choose three.)
A.
Regime
Page
26 of 57
B.
Event Class
C.
Regime, Tax
D.
Configuration Owner
E.
Tax - Controls and Defaults
F.
Regime, Tax, Tax Jurisdiction
Answer:
B, D, E
===>>
Question: 104
Oracle
Payments is the central payment engine for Oracle E-Business Suite
Release 12. Identify
three
modules that integrate with Oracle Payments. (Choose three.)
A.
Assets
B.
Payables
C.
Receivables
D.
Cash Management
E.
Order Management
Answer:
B, C, D
===>>
Question: 105
Which
three are true about internal bank accounts? (Choose three.)
A.
They are defined to disburse funds to suppliers.
B.
They are defined for receiving payment from customers.
C.
They are defined to disburse electronic payments from your customers.
D.
They are defined for receiving electronic payments made to your
suppliers.
E.
Internal accounts define bank accounts for which you are the account
holder.
Answer:
A, B, E
===>>
Question: 106
Identify
three E-Business Tax setup options. (Choose three.)
A.
set up supplier
B.
set up tax regimes
C.
set up tax recovery rates
D.
set up taxes and tax rates
E.
set up currency exchange
Answer:
B, C, D
===>>
Question: 107
Self-assessed
tax amounts are taxes that you are liable for, but do not appear on
the invoice,
such
as use tax. To use self-assessed taxes, enable the Set for Self
Assessment/Reverse
Charge
option when you define the _____ in the Party Tax Profile.
A.
set allow tax recovery
B.
tax registration information
C.
recoverable tax information
D.
set allow manual tax only lines
Answer:
B
===>>
Question: 108
Page
27 of 57
Identify
three statements that are true for E-Business Tax. (Choose three.)
A.
E-Business Tax transactions are strictly controlled and cannot be
changed.
B.
E-Business Tax provides seeded tax registration types for local
organizations.
C.
E-Business Tax provides a single point solution for managing your
transaction-based tax
requirements.
D.
E-Business Tax provides a common model for setting up tax data for
tax determination and tax
calculation.
E.
E-Business Tax uniformly delivers tax services to all E-Business
Suite business flows through
one
application interface.
Answer:
C, D, E
===>>
Question: 109
You
can hold the payment of an entire invoice or part of an invoice. This
hold prevents a validated
invoice
from being selected in a Payment Batch, and paid. Identify the
Payables window where
you
can select the Hold check box to place the invoice on a Payment Hold.
A.
Enter Payments
B.
Invoice Overview
C.
Invoice Distributions
D.
Scheduled Payments
Answer:
D
===>>
Question: 110
Identify
three processes that you must run before closing your Payables
period. (Choose three.)
A.
Expense Report Export
B.
The Create Accounting program
C.
Payables Open Interface Import
D.
Period Close Exceptions Report
E.
The Transfer Journal Entries to GL program
Answer:
B, D, E
===>>
Question: 111
When
reconciling Payables and Cash Management, you may encounter clearing
restrictions.
Here
are three clearing restrictions for Cash Management.
1.
Oracle Cash Management cannot clear bills payable that have a status
of _____.
2.
Oracle Cash Management clears bills payable only if the payment
status is _____.
3.
On or after the maturity date of the payment, you can update the
status to _____.
Identify
the one status for the second clearing restriction.
A.
issued
B.
negotiable
C.
reconciled
Answer:
B
===>>
Question: 112
Page
28 of 57
You
have received an invoice that requires an immediate payment. The next
scheduled check run
is
not until the end of the week. Which two methods may you use to
create the payment?
(Choose
two.)
A.
Enter the invoice in the Invoice Workbench, and validate the invoice.
Open the Payment
Workbench
and create a quick payment.
B.
Enter the invoice in the Invoice Workbench, and validate the invoice.
Open the Payment
Workbench
and create a manual payment.
C.
Enter the invoice in the Invoice Workbench, validate the invoice, and
select pay in full. This
accesses
the Payment Workbench and create a quick payment.
D.
Enter the invoice in the Invoice Workbench, validate the invoice, and
select pay in full. This
accesses
the Payment Workbench and creates a manual payment.
Answer:
A, C
===>>
Question: 113
Identify
three statements that are true for electronic or wire payment.
(Choose three.)
A.
A wire payment validates the supplier's bank details.
B.
More bank accounts for a supplier or supplier site can be added.
C.
Supplier banks must be assigned to the supplier for electronic
payment.
D.
Payables does not require supplier bank account information for a
wire payment.
E.
Electronic payment instructs the bank to make payment to a supplier
bank account.
Answer:
C, D, E
===>>
Question: 114
To
achieve the maximum summary account functionality for total (T), how
must the value sets for
each
segment of the accounting key flexfield be set?
A.
Precision must be set to one.
B.
The list type must be set to long list of values.
C.
The maximum size of each segment of the accounting key flexfield must
be five characters.
D.
The format type must be set to character, and the additional option
of numbers only must not
be
selected.
Answer:
D
===>>
Question: 115
To
manually enter tax details for an item, freight, miscellaneous, or
prepayment lines, you must
complete
seven fields. Name three. (Choose three.)
A.
industry
B.
tax amount
C.
tax regime
D.
commodity
E.
supplier site
Answer:
B, C, E
===>>
Question: 116
Identify
four consolidation tools. (Choose four.)
A.
Interface Data Transformer
B.
Global Consolidation System
Page
29 of 57
C.
Global Intercompany System
D.
Financial Statement Generator
E.
Applications Desktop Integrator
Answer:
A, B, D, E
===>>
Question: 117
Identify
three true statements about the invoice approval workflow. (Choose
three.)
A.
If an approver rejects the invoice, the Workflow program ends.
B.
If an approver does not respond within the time you specify, Workflow
routes the invoice back
to
the originator.
C.
If an approver does not respond within the time you specify, then
Workflow requests approval
from
that person's manager.
D.
If an approver approves the invoice, the invoice goes to the next
person in the approver list
until
all required people approve the invoice.
E.
If the invoice amount is changed after the invoice is already
submitted to the approval process
or
after the process is complete, the system does not automatically
resubmit the invoice for
approval.
Answer:
A, C, D
===>>
Question: 118
Identify
the default value for the term date that would extend the time to pay
an invoice, if the
payment
term is net 30 days.
A.
invoice date
B.
system date
C.
invoice entered date
D.
goods received date
E.
invoice received date
Answer:
B
===>>
Question: 119
Isa
Global Inc. is based in the United States with divisions in Europe
and Asia. All journal imports,
recurring
journals, mass allocations, and manual journal entries have been
posted for their
European
subsidiary. What is the next logical step in the period-close
process?
A.
opening the next period
B.
closing the current period
C.
revaluing foreign currency balances
D.
translating to the functional currency
E.
consolidating to the parent set of books
Answer:
C
===>>
Question: 120
Jack
is hired as an Oracle General Ledger implementation consultant for
XYZ Corporation. Select
two
options that are necessary to enable journal approval. (Choose two.)
A.
key flexfields
B.
Journal Sources form
C.
Journal Categories form
D.
Journal Encumbrance Types form
Page
30 of 57
E.
Journal approval on the Ledger Setup page
Answer:
B, E
===>>
Question: 121
Identify
two advantages of using Oracle Internet Expenses. (Choose two.)
A.
It improves cycle times by routing expense reports via a workflow.
B.
Expense reports that are entered using Internet Expenses are visible
in Payables.
C.
Enforcement of spending policy controls expenses, showing any policy
deviations.
D.
Expense report template attributes are defined in Internet Expenses
to manage expense
types.
Answer:
A, C
===>>
Question: 122
You
are implementing Oracle General Ledger (GL) at a client site. The
client is based in the US,
but
they have a presence in many countries and transactions in multiple
currencies. The
implementation
team decides that the GL multi-currency setup will be a part of the
implementation.
John, a junior consultant helping you in the implementation effort,
tells you that
he
is testing the system and entering journals in USD, Yen, and Euros.
He says that he is able to
enter
journals in USD and Euros, but not in Japanese Yen. What possible
explanation can you
provide
to John for this?
A.
Yen has not been enabled.
B.
Rate types have not been defined for Yen.
C.
Daily rates have not been entered for Yen.
D.
Workflow must be customized for journals to be entered in Yen.
Answer:
A
===>>
Question: 123
Identify
three benefits of using the Journals Import: Group By Effective Date
profile option.
(Choose
three.)
A.
facilitates consolidation
B.
makes daily updates to daily business intelligence
C.
facilitates more transparent exchange rate conversions
D.
accounts for business transactions by effective date or by accounting
date
E.
facilitates financial auditing and compliance with the new
Sabanes-Oxley Act
Answer:
B, D, E
===>>
Question: 124
Identify
the conditions that must exist before you can apply an advance
against an expense
report.
A.
The prepayment type is temporary and has been fully applied.
B.
The prepayment type is temporary and has not been fully applied.
C.
The prepayment type is permanent, has been validated, and not
canceled.
D.
The prepayment type is permanent and no active holds exist for the
prepayment.
Answer:
B
===>>
Question: 125
Page
31 of 57
Identify
three types of entities that can be defined and related to one
another in Oracle
Applications.
(Choose three.)
A.
ledger
B.
paygroups
C.
legal entities
D.
responsibilities
E.
business groups
Answer:
A, C, E
===>>
Question: 126
The
Health Department of the United Kingdom is using the cash basis of
accounting. After the
recent
elections, the new government has decided to implement Oracle General
Ledger. They
want
to change the accounting method to accrual basis. However, they also
want to maintain the
cash
basis of accounting for reporting purposes. As an implementation
consultant, what one
recommendation
would you make to meet the above requirement?
A.
Create two primary ledgers with the standard cash method.
B.
Create two primary ledgers with the standard accrual method.
C.
Create a primary ledger with standard cash, and a reporting ledger
with standard accrual.
D.
Create a primary ledger with the standard accrual method, and a
reporting ledger with
standard
cash.
E.
Create a primary ledger with standard accrual, and the secondary
ledger with the standard
cash
methods.
Answer:
E
===>>
Question: 127
Identify
three ways in which subledgers transfer information to General
Ledger. (Choose three.)
A.
balances
B.
batch transfer
C.
detail journals
D.
line-level records
E.
summary journals
Answer:
B, C, E
===>>
Question: 128
Identify
the two methods that are NOT used to enter invoice distributions.
(Choose two.)
A.
using a distribution set
B.
creating through allocations
C.
matching the invoice to a shipment
D.
using the Distributions Open Interface
E.
manually entering in the distributions window
Answer:
C, D
===>>
Question: 129
The
management segment qualifier must be attached to which key flexfield
segment?
A.
future segment
B.
account segment
Page
32 of 57
C.
company segment
D.
department segment
E.
intercompany segment
Answer:
D
===>>
Question: 130
Identify
three features that speed up data entry. (Choose three.)
A.
data loader
B.
scan invoices
C.
account aliases
D.
customized folders
E.
account distribution sets
Answer:
C, D, E
===>>
Question: 131
Which
key process is considered as a prerequisite for Transfer Journal
Entries to GL Process?
A.
Invoice Register
B.
Create Accounting
C.
Invoice Audit Listing
D.
Payables Posted Payment Register
Answer:
B
===>>
Question: 132
During
a pilot run of Financial Statement Generator reports, the report
output displayed credit
amounts
as negative numbers. The customer requires the credit amounts on the
reports to be
positive
instead of negative. Identify the solution that must be implemented
to meet the
customer's
requirements.
A.
Inform the customer that this requirement would require a
customization.
B.
Select the change sign check box for the related row or column
definition.
C.
Deselect the change sign check box for the related row or column
definition.
D.
Create a journal by doubling the values wherever the report is
displaying negative numbers.
Answer:
B
===>>
Question: 133
You
are implementing Oracle General Ledger at a client site. The client
is based in the US, but
they
have a global presence in many countries and transactions in multiple
currencies.
The
implementation team decides that the Oracle General Ledger
multi-currency setup will be a
part
of he implementation.
The
client's Chief Financial Officer wants a system that has these
features:
I.
Enter transactions and reports in any currency.
II.
Enter exchange rates online or automatically.
III.
Calculate realized and unrealized gains and losses.
IV.
Translate actual and budget balances.
V.
Produce foreign currency financial statements and reports.
Which
requirements can be satisfied with the implementation?
A.
I, II, and III only
Page
33 of 57
B.
I, II, III, and IV only
C.
I, II, IV, and V only
D.
All requirements from I through V can be satisfied.
Answer:
D
===>>
Question: 134
Identify
the statement that reflects the functionality of the Create
Accounting Process.
A.
The Create Accounting Process creates subledger accounting entries.
B.
You can use the Create Accounting Process to create subledger
accounting entries and
validate
the minvoices.
C.
The Create Accounting Process is used to create subledger accounting
entries and transfer
the
transactions to General Ledger.
D.
The Create Accounting Process is used to create subledger accounting
entries, and transfer
and
post the transactions to General Ledger.
Answer:
A
===>>
Question: 135
Here
is a description of a report, file, or register. Use this to review
payments created for each
bank
account that you use during a time period you specify. The report
lists each payment, as
well
as total payment amount and cleared amount of all payments. Identify
the name of this
standard
report.
A.
Positive Pay File
B.
Payment Register
C.
Payment Exceptions Report
D.
Payment Process Request Status Report
Answer:
B
===>>
Question: 136
Your
manager has asked you to create a period close process that maximizes
the efficiency of
your
two staff members and minimizes the number of closing days. Identify
two sets of
subledgers
that can be closed concurrently. (Choose two.)
A.
Payables and Assets
B.
Projects and Payables
C.
Inventory and Receivables
D.
Payables and Receivables
E.
Order Management and Projects
Answer:
D, E
===>>
Question: 137
ABC
Inc.'s calendar is the fiscal year. They also use Average Balance
Processing. ABC's accrual
category
is defined with AutoReversal, with the reversal period as the next
day, and an effective
date
rule of roll. An accrual journal entered on 29-Apr-05 will be
reversed on the _____.
A.
first day of the next period
B.
next day in the same period
C.
next business day in the same period
D.
next business day in the same period or the next period, based on the
transaction calendar
Page
34 of 57
Answer:
D
===>>
Question: 138
Identify
four options for Quick Payments. (Choose four.)
A.
Create a check, save it, and print it later.
B.
Select an invoice that has not been validated.
C.
Select an invoice that has one or more holds.
D.
Create a quick payment, and select an invoice regardless of the due
date.
E.
Create a quick payment, and select an invoice regardless of the
payments terms.
F.
Create and print a computer-generated payment to pay a supplier for
one or more invoices.
Answer:
A, D, E, F
===>>
Question: 139
You
are at a client site that has thousands of suppliers in their current
legacy system that will end
up
in the Oracle Production system. Before conversion, you must perform
a supplier cleanup on
these
numerous names and sites. Which three naming conventions would you
use for "Best
Practices"
during the supplier cleanup? (Choose three.)
A.
Use Last Name, First Name to identify employees as suppliers.
B.
Create some supplier names in uppercase and others in mixed case.
C.
Use abbreviations in the supplier name even it is not abbreviated on
the invoice.
D.
Remove all punctuation marks (commas, periods, and so on) from the
supplier name.
E.
Use the exact spelling of a supplier name as it appears on the
invoice for the naming
convention.
Answer:
A, D, E
===>>
Question: 140
Your
client, Company A, has these requirements:
1.
Asset invoices are entered in the Payables daily, but assets are
transferred to Oracle Assets
only
once per week.
2.
Payables journal entries have to be transferred to GL at least once
per month for reporting
purposes.
3.
Oracle Projects balances must be updated once every month.
4.
Payment batches must be processed daily.
On
the basis of the above requirements, what would be the minimum
recommended frequency of
running
the Transfer to GL program?
A.
daily
B.
weekly
C.
monthly
D.
once every two weeks
Answer:
B
===>>
Question: 141
You
have the following information:
The
Accounting flexfield structure is "company, department, product,
account."
Product
has two rollup groups: domestic and international.
Department
has one rollup group: manufacturing.
All
accounting flexfield segment values can use alphanumeric characters.
Page
35 of 57
Which
summary account template would Oracle General Ledger fail to create?
(D:
Detail)
(T:
Total)
A.
T-T-T-T
B.
T-D-D-D
C.
D-D-D-D
D.
D-T-domestic-D
E.
D-manufacturing-D-T
F.
T-manufacturing-international-D
Answer:
C
===>>
Question: 142
Identify
three statements that are correct for the multi-currency
functionality of Oracle General
Ledger.
(Choose three.)
A.
Enter transactions and reports in any currency.
B.
Enter exchange rates online and automatically.
C.
Translate only actual but not budgeted balances.
D.
Translate only budgeted but not actual balances.
E.
Use daily, period end, average, and historical rates.
Answer:
A, B, E
===>>
Question: 143
Identify
the different types of data that can be processed using the GL
Interface. (Choose three.)
A.
rates
B.
budget
C.
vendors
D.
statistical
E.
intercompany
F.
currency codes
Answer:
B, D, E
===>>
Question: 144
Identify
three statements that are true about E-Business Tax and Payables.
(Choose
three.)
A.
In E-Business Tax, tax calculations are based on supplier's site
defaults.
B.
In E-Business Tax, there is one repository with detailed and fully
allocated tax lines.
C.
Payables is not integrated with E-Business Tax to provide tax
services for invoices.
D.
With E-Business Tax, you can account for recoverable taxes at the
time and to the extent of
payment
in Payables.
E.
Payables integrates with E-Business Tax to automatically determine
and calculate the
applicable
tax lines for the invoices.
Answer:
B, D, E
===>>
Question: 145
Select
two restrictions that apply to consolidating budget balances. (Choose
two.)
Page
36 of 57
A.
If the source and target budgets share the same calendar, you must
consolidate a specific
period
to a specific period.
B.
If the source and target budgets share the same start period, you
must consolidate a specific
period
to a specific period.
C.
If the source and target budgets do not share the same ledger, you
must consolidate a specific
period
to a specific period.
D.
If the source and target budgets do not share the same calendar, you
must consolidate a
specific
period to a specific period.
E.
If the source and target budgets do not share the same start period,
you must consolidate a
specific
period to a specific period.
Answer:
D, E
===>>
Question: 146
The
companys two senior executives have different budget figures. They
want Peter, the GL
accountant,
to prepare two current budgets in Oracle Financials and submit
budgets to both of
them.
What would be your response?
A.
It is not possible to have more than one current budget.
B.
Whether you can have multiple current budgets depends on the budget
organization.
C.
The Require Budget Journal profile option must be set at the budget
level if you want to have
multiple
current budgets.
D.
The Require Budget Journal profile option must be set at the set of
books level if you want to
have
multiple current budgets.
E.
The Oracle General Ledger budget functionality supports multiple
current budgets, so there is
no
problem in satisfying this requirement.
Answer:
A
===>>
Question: 147
When
reviewing the Accounts Payable Trial Balance Report for a period, a
user
notices that the remaining balance for an invoice is negative. What
is the reason?
A.
The invoice was overpaid.
B.
The invoice was never accounted for.
C.
The invoice was moved to the next period.
D.
The payment for that invoice was recorded in a GL period before the
GL period of invoice
distributions.
Answer:
D
===>>
Question: 148
Identify
two exceptions that prevent you from closing the period in Payables.
(Choose two.)
A.
unpaid invoices
B.
outstanding pay runs
C.
invoices not validated
D.
unaccounted invoices
E.
unpaid expense reports
Answer:
B, D
===>>
Question: 149
Identify
three statements that are true for creating the withholding tax for
standard,
recurring, and prepayment invoices. (Choose three.)
Page
37 of 57
A.
The Withholding Tax Report is prepared by suppliers.
B.
The Withholding Tax Group defaults in from the supplier or supplier
site.
C.
There can be multiple withholding tax codes with multiple tax
authorities assigned to a group.
D.
You can set up a special calendar to define periods that Payables
uses for automatic
withholding
tax.
E.
The Withholding Tax Invoice Description field does NOT include the
invoice that the
withholding
tax invoice is associated with.
Answer:
B, C, D
===>>
Question: 150
Which
module of Oracle E-Business Suite Release 12 sends revaluation and
accrual
entries to General Ledger?
A.
Oracle Assets
B.
Oracle Projects
C.
Oracle Treasury
D.
Oracle Receivables
E.
Oracle Property Manager
Answer:
C
===>>
Question: 151
Identify
three statements that are true about bank account information.
(Choose
three.)
A.
Bank accounts are used to calculate the supplier's discount.
B.
Disbursement bank accounts cannot be used for payment.
C.
Payables, Receivables, and/or Treasury uses bank accounts.
D.
Payables uses an internal bank account to disburse funds to
suppliers.
E.
Receivables uses a bank account to receive payments from customers.
Answer:
C, D, E
===>>
Question: 152
Choose
three tables that will be populated when the Journal Import process
is run with the option
to
post set as "Yes." (Choose three.)
A.
GL_JE_LINES
B.
GL_JE_BATCHES
C.
GL_JE_HEADERS
D.
GL_JE_SOURCES
E.
GL_IMPORT_REFERENCES
Answer:
A, B, C
===>>
Question: 153
Select
three criteria that are required to assign multiple legal entities to
the
same
accounting setup. (Choose three.)
A.
have similar ledger processing options
B.
open and close periods simultaneously
C.
have tax requirements that are specific for a legal entity
D.
require autonomous document sequencing for a legal entity
Page
38 of 57
E.
operate in a country that allows multiple legal entities to share the
same primary ledger and
ledger
attributes
Answer:
A, B, E
===>>
Question: 154
Sam,
the CFO of XYZ Company, wants to prepare the annual capital
expenditure budget for the
current
year with reference to the capital expenditure budget of the previous
year. The capital
expenditure
budget is subdivided into multiple items, and the corporate calendar
used at XYZ
Company
has thirteen periods. Which budget rule must Sam use to minimize the
effort.
A.
prior year budget monetary and prior year budget statistical
B.
prior year actual monetary and current year budget statistical
C.
prior year budget monetary and current year budget statistical
D.
current year actual monetary and current year actual statistical
E.
current year budget monetary and current year budget statistical
Answer:
A
===>>
Question: 155
Identify
three statements that describe Payment Terms. (Choose three.)
A.
default from the supplier site
B.
cannot be specified in import tables
C.
can be used for electronic payments
D.
can be used to schedule payments for an invoice
E.
automatically calculate due dates, discount dates, and discount
amounts for each invoice
Answer:
A, D, E
===>>
Question: 156
Tax
Content Services store and maintain the master and reference data
that are needed to
support
the other components in E-Business Tax. You use the E-Business Tax
application to
model
details about the tax setup for all your company tax requirements.
Identify the two that are
NOT
a subcomponent of Tax Content Services. (Choose two.)
A.
tax jurisdictions
B.
tax condition sets
C.
basic tax configuration
D.
determining factor sets
E.
country default controls
F.
exemptions and exceptions
Answer:
B, D
===>>
Question: 157
Scott
is implementing Oracle General Ledger for ABC Corporation. He needs
help as he creates
the
accounting setup. Which two are true for the creation of the
accounting setup? (Choose two.)
A.
Assigning legal entities to accounting setups is compulsory.
B.
After the subledger accounting method is assigned, it cannot be
changed.
C.
Before completing the accounting setup, secondary ledgers and
currency can be deleted.
D.
A calendar cannot be assigned if it contains gaps between periods or
it does not have a full
fiscal
year defined.
Page
39 of 57
Answer:
C, D
===>>
Question: 158
You
are implementing Oracle E-Business Suite Release 12 General Ledger
for ABC Corporation.
Identify
two setups required for journal approval. (Choose two.)
A.
Enable journal approval for the Journal Category window.
B.
Disable the Journal: Find Approver Method profile option.
C.
Enable the Journal: Allow Preparer Approval profile option.
D.
Configure the GL journal approval process in Oracle Workflow Builder.
Answer:
C, D
===>>
Question: 159
How
do you know funds are available in the budgetary control summary
account template?
A.
when the result is less than one, regardless of the balance type
B.
when the result is greater than one, regardless of the balance type
C.
when the debit balance type has a positive amount, and the credit
balance type has a negative
balance
D.
when the debit balance type has a negative amount, and the credit
balance type has a positive
amount
Answer:
C
===>>
Question: 160
The
manual payment method is best described as the method of _____.
A.
paying multiple checks in a pay run
B.
paying a single check within Payables
C.
manually writing a check outside of Payables
D.
recording a payment made outside of Payables
Answer:
D
===>>
Question: 161
Select
two statements that are true about ledgers in Oracle General Ledger.
(Choose
two.)
A.
Each accounting setup requires a primary ledger.
B.
Each accounting setup requires a primary ledger and a reporting
ledger.
C.
Each accounting setup requires a primary ledger and an
adjustment-only secondary ledger.
D.
Each accounting setup optionally requires one or more secondary
ledgers and reporting
currencies.
Answer:
A, D
===>>
Question: 162
Using
the Payables System Setup Options form, you can enable autonumbering
for _____.
A.
invoices
B.
suppliers
C.
payments
D.
employees
E.
expense reports
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Answer:
B
===>>
Question: 163
Company
ABC has implemented Oracle Payables. They have decided not to define
supplier bank
accounts.
They will use payment batches, quick payments, and manual payment
processing.
Select
three payment methods that are available based on the company's
requirements. (Choose
three.)
A.
wire
B.
check
C.
clearing
D.
electronic funds transfer (EFT)
E.
electronic data interchange (EDI)
F.
extensible markup language (XML)
Answer:
A, B, C
===>>
Question: 164
Which
three reports can be used to reconcile Payables activities to General
Ledger?
(Choose three.)
A.
Supplier Payment Report
B.
Posted Payments Report
C.
Cash Clearing Account Report
D.
Accounts Payable Trial Balance Report
E.
General Ledger Account Analysis Report
Answer:
B, D, E
===>>
Question: 165
ABC
Company wants to compare consolidated actuals against consolidated
budgeted amounts.
Identify
the two steps that must be performed to provide ABC Company with this
information.
(Choose
two.)
A.
Run the Trial Balance report.
B.
Execute an online budget inquiry.
C.
Execute an online account inquiry.
D.
Review the Account Analysis report.
E.
Run financial statement generator reports.
Answer:
C, E
===>>
Question: 166
ABC
Enterprise has operations in the US and its headquarters in the UK.
They share the same
chart
of accounts, accounting calendar, accounting method, and
ledger-processing options. UK
management
requires reporting on receivables from its US operations in GBP each
month.
Identify
the best option for the US operations to report to their parent.
A.
Create an account-level reporting currency.
B.
Create a subledger-level reporting currency.
C.
Create a journal-level reporting currency for every transaction.
D.
Create a balance-level reporting currency and run general ledger
translation.
Answer:
B
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===>>
Question: 167
What
are the five steps for creating MassAllocation journal entries?
(Choose
five.)
A.
posting journal entries
B.
reviewing journal entries
C.
validating cross-validation rules
D.
freezing the accounting flexfield
E.
generating MassAllocation journals
F.
creating the MassAllocation definition
G.
validating the MassAllocation definition
Answer:
A, B, E, F, G
===>>
Question: 168
Which
three are the benefits of the Currency Rates Manager in Oracle
General Ledger? (Choose
three.)
A.
You can maintain daily rates and historical rates more easily.
B.
You get improved efficiency with the help of the spreadsheet
interface.
C.
You can maintain consistency among different currency conversion
rates.
D.
Additional security ensures that historical rates can be uploaded to
closed or future periods
only.
E.
You can maximize intercompany imbalances during intercompany
eliminations of foreign
currency
transactions that are due to exchange rate differences.
Answer:
A, B, C
===>>
Question: 169
Identify
three functions that the Create Accounting program provides. (Choose
three.)
A.
validates and creates subledger journal entries
B.
generates the Posted Journal Report for subledger journal entries
C.
transfers final journal entries in the current batch run to General
Ledger
D.
applies the application accounting definitions that are created in
Accounting Builder (ABM)
E.
allows you to update final journal entries before the Transfer to
General Ledger process is run
F.
generates the Subledger Accounting Program Report, which documents
the results of the
Create
Accounting program
Answer:
A, C, F
===>>
Question: 170
Which
statement is true about paying invoices?
A.
An invoice can be paid without being validated.
B.
An invoice can be paid only after the invoice accounting entries are
created.
C.
An invoice must be validated before you can create invoice accounting
entries.
D.
Invoice accounting entries and payment accounting entries can be
transferred at different
times
to General Ledger only if they are in different calendar periods.
E.
Both invoice accounting entries and payment accounting entries must
be transferred to
General
Ledger at the same time if they are in the same calendar period.
Answer:
C
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===>>
Question: 171
Which
statement is FALSE about the Stop Payments Report?
A.
Use this report to review all current stop payments.
B.
Payables lists stop payments that were voided at a later time.
C.
Payables does not list stop payments that were voided at a later
time.
D.
Payables does not list stop payments that were initiated, but then
released at a later time.
Answer:
B
===>>
Question: 172
Company
A has implemented Oracle Payables and Oracle General Ledger. It has a
third-party
(non-Oracle)
application that it uses to enter employee expense reports. The
company wants to
interface
the expense reports created in the third-party application to Oracle
Payables as
invoices,
and pay these invoices out of Oracle Payables. Identify the Oracle
Payables interface
that
accomplishes this.
A.
Projects Import Interface
B.
Payables Open Interface
C.
Credit Card Import Interface
D.
Expense Report Import Interface
Answer:
B
===>>
Question: 173
Which
statement is correct about the differences between the
functionalities of parent accounts
and
summary accounts?
A.
Summary accounts cannot be used in budget formulas, whereas parent
accounts can be used
in
budget formulas.
B.
Summary accounts speed up the posting process, whereas parent
accounts require additional
time
for the Posting process.
C.
Summary accounts use the summing segment type for MassAllocations,
whereas parent
accounts
use the looping segment type.
D.
Summary account balances can be viewed in the Account Inquiry form,
whereas parent
account
balances cannot be viewed in that form.
E.
Summary accounts slow down the generation of Financial Statement
Generators, whereas
parent
accounts help generate quicker results.
Answer:
D
===>>
Question: 174
Identify
three statements that are true for entering bank and branch details.
Choose three.)
A.
Each bank must have at least one bank branch.
B.
The bank account number is free-formatted information.
C.
Banks and bank branches are created for Cash Management.
D.
Bank accounts cannot be shared between bank and bank branches.
E.
Each bank can have multiple branches and each branch can have
multiple accounts.
Answer:
A, B, E
===>>
Question: 175
Select
four occasions when the Create Accounting process can be run. (Choose
four.)
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43 of 57
A.
after the payment process
B.
before the payment process
C.
after the Invoice Validation process
D.
before the Invoice Validation process
E.
before the transfer information to GL process
Answer:
A, B, C, E
===>>
Question: 176
You
just received an invoice for a new supplier. You need to pay it and
ensure that all accounting
entries
are created in General Ledger.
You
perform these steps, in the order shown:
1.
Enter the supplier.
2.
Enter the invoice.
3.
Create the pay run.
4.
Create payment accounting entries.
5.
Validate the invoice.
6.
Create invoice accounting entries.
7.
Transfer the information to General Ledger.
What
would be the result?
A.
The invoice is not paid and no entries are created in General Ledger.
B.
The invoice is paid and all accounting entries are created in General
Ledger.
C.
The invoice is not paid but the invoice accounting entry is created
in General Ledger.
D.
The invoice is paid but only the invoice accounting entry is created
in General Ledger.
Answer:
C
===>>
Question: 177
When
summary account templates are associated with the check-level
advisory of budgetary
control
funds, what two actions must you perform? (Choose two.)
A.
The formula must be identified.
B.
The currency must be identified.
C.
The amount type must be identified.
D.
A debit or credit balance type must be assigned.
Answer:
C, D
===>>
Question: 178
Where
does the expense AP accrual account used in the Period End Accrual
process default
from?
A.
Financial Options
B.
Payables Options
C.
Receiving Options
D.
Purchasing Options
Answer:
D
===>>
Question: 179
ABC
Corp. requires that all invoices are matched to both a purchase order
and a receipt. Invoice
tolerances
are set to zero. A standard purchase order is entered for consulting
services. An
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invoice
is entered and matched against a purchase order. The total invoice
amount matches the
distribution
amount. When the steps to prepare the invoice for payment are
completed, the
invoice
is placed on hold. The company's business policy states that all
holds cannot be manually
released.
To pay the supplier, identify the step to be completed to remove the
hold and be eligible
for
payment.
A.
Inspection is required because it is a three-way match.
B.
Manually release the hold because it is not a system hold.
C.
The service must be received in Purchasing because three-way matching
is required.
D.
The service must be received in Accounts Payable because it is a
purchase order for a service
and
not a commodity or item.
E.
Change the invoice tolerances in the Payables Options form to be
greater than zero, so that
the
invoice does not go on hold again.
Answer:
C
===>>
Question: 180
Which
two are the mandatory flexfield qualifiers in Oracle General Ledger?
(Choose two.)
A.
balancing segment
B.
cost center segment
C.
management segment
D.
natural account segment
E.
secondary tracking segment
Answer:
A, D
===>>
Question: 181
Identify
three invoice holds that cannot be manually released. (Choose three.)
A.
Acct Hold Reason
B.
Funds Hold Reason
C.
Invoice Hold Reason
D.
Variance Hold Reason
E.
Insufficient Information
F.
Matching Hold Reason
G.
Prepaid Amount Reason
Answer:
A, E, G
===>>
Question: 182
Expense
reports for Company A are entered in Payables using the Expense
Report form. The
accounting
flexfield has a three-segment structure:
Company
- Cost Center - Account
The
employee GL account on the expense report is populated from the
employee record. The
company
and the cost center for the expense lines are derived from the GL
account. The account
segment
value could vary for every line on the expense report. Identify the
approach you
recommend
to Company A for fast and accurate entry of expense reports.
A.
Enter the expense report header. Enter lines. Enter all segment
values for each expense
report
line.
B.
Enter the expense report header. Enter lines. Override the account
segment value for each
line
as required.
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C.
Create expense report templates. Enter the account segment value for
each line on the
template.
Leave the other segment values empty. Use the template lines when
entering the
expense
report.
Answer:
C
===>>
Question: 183
Payables
leverages E-Business Tax to set up, calculate, and manage transaction
taxes, such as
Sales,
VAT and Offset taxes. Which two taxes are NOT calculated and managed
by Payables?
(Choose
two.)
A.
excise
B.
property
C.
customs duty
D.
vehicle license
E.
recoverable tax
Answer:
B, D
===>>
Question: 184
ABC
Corp. runs the Create Journals program, after which the Create
Journal Entries Execution
report
is automatically created. Identify three components on which the
Create Journal Entries
Execution
report reports. (Choose three.)
A.
Budget Journals
B.
Posted Journals report
C.
Payables encumbrance entries
D.
Purchasing encumbrance entries
Answer:
A, C, D
===>>
Question: 185
Your
client is in the process of closing its first year-end. The client
completed the accounting
cycle
and found that several income statement accounts have a remaining
balance. What would
be
the likely cause of these remaining balances?
A.
Natural accounts were defined as parent values.
B.
Natural accounts were defined to not allow posting.
C.
Natural accounts were defined with an incorrect account type.
D.
Natural accounts were defined to store both statistical and monetary
values.
Answer:
C
===>>
Question: 186
You
are hired to implement Oracle General Ledger at Active Corporation.
It has two offices: in the
US
(East) and the US (West). They have one primary ledger for their US
operations. They want
to
maintain an additional ledger for management reporting and analysis
purposes. They want all
their
department managers in the US to use the additional ledger to book
internal management
adjustments
that are not published in their financial statements. Choose two
statements that are
true
in the given scenario. (Choose two.)
A.
The secondary ledger contains day-to-day transactions.
B.
The primary ledger must contain only management adjustments.
C.
The secondary ledger represents the complete management picture.
D.
Assign an adjustment-only ledger to the existing accounting setup for
the US legal entities.
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E.
Use ledger sets to combine primary and secondary ledgers to get the
complete management
picture.
Answer:
D, E
===>>
Question: 187
E-Business
Tax calculates the amount of tax that is recoverable on the basis of
the tax setup. To
implement
accrual-based accounting recoverable tax, four setups are needed.
(Choose four.)
A.
Enable "Set as offset tax."
B.
Enable "Alow tax recovery."
C.
Set the default recovery settlement option to "Deferred."
D.
Define tax accounts, tax expense, recoverable tax, and interim tax.
E.
Enable the default recovery settlement options at the regime, tax,
tax status, or tax rate levels.
Answer:
B, C, D, E
===>>
Question: 188
Identify
the item that requires approval through the workflow process.
A.
invoices not matched to a purchase order
B.
invoices that existed before you enabled the feature
C.
expense reports imported through the Payables Expense Report Import
Program
D.
recurring invoices if the recurring invoice template did not have the
Approval Workflow
Required
option enabled
Answer:
A
===>>
Question: 189
Which
event reverses an accrual for an item set to accrue on receipt?
A.
paying an invoice
B.
delivering goods to a final destination
C.
running the Receipt Accruals - Period-end process
D.
matching an invoice in Payables to a purchase order
Answer:
D
===>>
Question: 190
Identify
three statements that are true about processing automatic withholding
tax invoices and
payments.
(Choose three.)
A.
Withholding distributions for a paid invoice can be reversed.
B.
If an invoice is paid or partially paid, withholding distribution
cannot be reversed.
C.
Payables uses the supplier number as an invoice number for the tax
authority's invoice.
D.
Withholding tax distributions are automatically created during
invoice validation or payment
processing.
E.
Payables automatically creates a withholding type distribution when a
withholding tax group is
entered
in the Invoices window.
Answer:
B, D, E
===>>
Question: 191
Select
two steps that are NOT elements of creating a Financial Statement
Generator (FSG)
report
in Oracle General Ledger (Choose two.)
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47 of 57
A.
Attach the fiscal calendar.
B.
Define rows and columns.
C.
Build a report by using rows and columns.
D.
Specify the default ledger for ledger sets.
E.
Determine which rows and columns make up your report.
Answer:
A, D
===>>
Question: 192
There
are five major business functions that occur sequentially during the
natural flow of the
Payables
processes.
Consider
this list of five steps:
1.
Invoice Payment
2.
Invoice Validation
3.
Invoice and Payment Accounting
4.
Supplier Entry
5.
Invoice Import/Entry
What
is the order in which these steps must be performed?
A.
1, 2, 3, 4, 5
B.
4, 5, 2, 1, 3
C.
5, 3, 1, 2, 4
D.
3, 1, 4, 2, 5
E.
4, 2, 5, 1, 3
Answer:
B
===>>
Question: 193
Select
three invoice types that can be entered ONLY in the Invoice
Workbench, and CANNOT be
entered
via the Invoice Gateway. (Choose three.)
A.
debit memos
B.
credit memos
C.
prepayments
D.
PO default invoice
E.
PO standard invoice
Answer:
A, C, D
===>>
Question: 194
As
part of its closing process, XYZ Corporation reviews receipt
accruals. Occasionally, Payables
matches
incorrectly, and therefore they find that some perpetual accruals
never
clear,
leaving reconciliation items on their accrual reports. Which two
actions can they perform to
solve
the problem? (Choose two.)
A.
Reverse the invoice distributions and rematch if possible.
B.
Run the Uninvoiced Receipts Report to identify the receipt accrual
that has not cleared and
create
a manual journal entry in General Ledger to clear the receipt from
the report.
C.
Run the Matching Hold Detail Report to identify the receipt that has
not cleared and use the
Write-Off
window to remove the item from reappearing on subsequent reports.
Create a
manual
journal entry in General Ledger to clear the accrual.
Page
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D.
Run the Accrual Rebuild Reconciliation Report to identify the receipt
accrual that has not
cleared
and use the Write-Off window to remove the item from reappearing on
subsequent
reports.
Create a manual journal entry in General Ledger to clear the accrual.
Answer:
A, D
===>>
Question: 195
What
is a benefit of the secondary tracking segment?
A.
Additional security ensures that correct accounts are selected while
entering transactions.
B.
The Management segment is enabled automatically when the secondary
segment is defined.
C.
More details are provided to retained earnings, cumulative
translation adjustments, and
revaluation
gains/losses accounts.
Answer:
C
===>>
Question: 196
A
reversing journal entry can be posted into _____.
A.
a current or any future open period
B.
a past closed period and a current open period
C.
a current open period and a never-opened period
Answer:
A
===>>
Question: 197
You
have been asked to demonstrate the basic functionality of Oracle
General Ledger with a
ledger
that reflects XYZ Company's business. Select four data elements that
you would need to
obtain
from XYZ Company to create a ledger for your demo. (Choose four.)
A.
the suspense account
B.
the intercompany account
C.
the retained earnings account
D.
the number of accounting periods
E.
the base (functional) currency of the company
F.
the accounting calendar with periods and the fiscal year-end
G.
the company organization structure for the chart of accounts
Answer:
C, E, F, G
===>>
Question: 198
In
the Payment Process Requests, which action(s) can you perform on
invoices that are selected
for
a pay run?
1.
Review unselected invoices.
2.
Change the invoice amount or the discount taken.
3.
Add selected invoices to the payment process request.
4.
Remove selected invoices from the payment process request.
5.
Recalculate interest, payment withholding, or exchange rates.
A.
All actions 1-5.
B.
1, 3 and 4 only.
C.
1, 2 and 5 only.
D.
1, 2, 3 and 4 only.
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Answer:
B
===>>
Question: 199
Select
two statements that are correct for the secondary tracking segment.
(Choose two.)
A.
Only the natural account segment or the balancing segment can be
specified as the secondary
tracking
segment.
B.
Any segment that is specified as the secondary tracking segment also
must be specified as the
management
segment.
C.
Any segment, except the natural account segment or the balancing
segment, can be specified
as
the secondary tracking segment.
D.
This segment will be paired with the balancing segment when
generating account balances for
retained
earnings account, unrealized gains or losses account, and the
cumulative translation
adjustment
account.
E.
This segment will be paired with the natural account segment when
generating account
balances
for retained earnings account, unrealized gains or losses account,
and the
cumulative
translation adjustment account.
Answer:
C, D
===>>
Question: 200
What
is the effect of summary accounts on the efficiency of the posting
process?
A.
Use summary accounts in the posting process to accumulate values.
B.
Use summary accounts in the posting process to not accumulate values.
C.
Use of summary accounts increases the efficiency of the posting
process.
D.
Use of summary accounts decreases the efficiency of the posting
process.
Answer:
D
===>>
Question: 201
Which
report would provide information about the processing type (parallel
or sequential) that
may
be defined for reports?
A.
FSG Report Detail Listing
B.
FSG Report Summary Listing
C.
FSG Row Set Summary Listing
D.
FSG Content Set Summary Listing
Answer:
D
===>>
Question: 202
Client
L has implemented Oracle Payables. They have been able to enter
invoices and have
them
validated, but have been unable to create accounting entries. You
have been asked to
review
the situation. Identify what could be causing this problem.
A.
The base currency has not been defined.
B.
Automatic offsets have been set to balancing.
C.
The primary accounting method has not been defined.
D.
The Payables Accounting Process was not submitted.
E.
The account for gain or loss attribute has not been enabled.
Answer:
D
===>>
Question: 203
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50 of 57
Select
two actions available in Oracle General Ledger. (Choose two.)
A.
deleting posted journals
B.
exporting data to subsidiary ledgers
C.
importing data from subsidiary ledgers
D.
consolidating balances in subsidiary ledgers
E.
consolidating balances from multiple ledgers
Answer:
C, E
===>>
Question: 204
Flavour
Inc. in the United Kingdom has a subsidiary in India known as Spices
Inc. Flavour Inc.
has
a four-segment chart of accounts, whereas Spices Inc. has a
five-segment chart of accounts.
Select
three statements that apply to consolidating ledgers with different
charts of accounts.
(Choose
three.)
A.
Only one action can be defined per parent segment.
B.
Consolidations based on account rules process faster.
C.
Consolidations based on segment rules process faster.
D.
Segment rules override account rules if there is any conflict.
E.
A segment rule action must be defined for each segment in the parent
chart of accounts.
Answer:
A, C, E
===>>
Question: 205
Company
A wants to distribute the rent expense to its various departments on
the basis of floor
space.
It has taken these steps:
1)
capturing the floor space that is used by each department in a
statistical account
2)
creating a journal entry for the rent Identify the next two steps
required to distribute the rent
cost
to the various departments. (Choose two.)
A.
posting the journal
B.
defining the MassAllocation journal
C.
defining and generating MassAllocation
D.
creating manual journal entries for distributing the rent
Answer:
A, C
===>>
Question: 206
Identify
the three actions that you can perform using the consolidation
workbench. (Choose
three.)
A.
Access the state controller.
B.
Change the chart of accounts.
C.
Create consolidations sets, which launch multiple consolidations in a
single step.
D.
Create multi-level hierarchies, which you can view using the
graphical consolidation hierarchy
viewer.
Answer:
A, C, D
===>>
Question: 207
Client
A has three legacy systems that contain this financial information:
purchase orders,
suppliers,
receipts, invoices, accruals, and expense reports. The client must
have much of this
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information
loaded into Oracle Accounts Payable daily until they can effectively
retire these three
systems.
Identify the best approach that involves minimal customization.
A.
Develop custom interfaces for receipts and accruals, and use the
invoice import process to
bring
in other information.
B.
Use Invoice Import to bring in invoice and invoice accrual
information. The rest requires
custom
interfaces to be developed.
C.
Use Invoice Gateway to bring in invoice information, and Supplier
Import for suppliers. The
rest
requires custom interfaces to be developed.
D.
Use Invoice Import to bring in all the above information after
setting the correct profile options
and
defining the appropriate AP and non-AP transaction sources. No custom
interfaces are
needed.
E.
Use Invoice Gateway to bring in the invoice, invoice accrual, and
expense report information;
and
Supplier Import to bring in supplier information. The rest requires
custom interfaces to be
developed.
Answer:
A
===>>
Question: 208
To
review All of Todays selected invoices from the payment process
request in the Payment
Manager,
perform these actions:
1.Navigate
to the Payment Process Request component.
2.
Navigate to the (B) Views window.
3.
Select All of Todays from the drop-down list.
4.
Click the Go button.
5.
The payment process request for today is displayed.
Select
the actions, arranged in their proper sequence.
A.
2, 3, 4, 5
B.
5, 2, 3, 4
C.
1, 2, 3, 4, 5
D.
5, 2, 3, 4, 5
Answer:
C
===>>
Question: 209
Your
client wants to report with Financial Statements Generator (FSG) and
perform account
inquiry
at the summary (business unit) level of the cost center segment. A
business unit is a
group
of cost centers, and a business unit manager typically has several
cost centers under his or
her
responsibility. Which option will meet the client's requirements?
A.
defining parent cost centers and a hierarchy of parent/child cost
centers; defining rollup groups
for
the parent cost centers; creating FSG based on the rollup groups
B.
defining parent cost centers and a hierarchy of parent/child cost
centers; creating summary
accounts
based on the parent cost centers; creating FSG based on the parent
cost center
values
C.
defining parent cost centers and a hierarchy of parent/child cost
centers; defining summary
accounts
for the parent cost centers; creating FSG based on the parent cost
center values or
summary
accounts
D.
defining parent cost centers and a hierarchy of parent/child cost
centers; defining rollup groups
for
the parent cost centers, and summary accounts; creating FSG based on
the parent cost
center
values or summary accounts
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52 of 57
Answer:
D
===>>
Question: 210
A
client wants to configure Oracle AP to perform prepayments for
matched invoices. You have
been
hired as the implementation consultant and have been given the
assignment. To complete
this
assignment, choose the option that applies.
A.
Set up the prepayment terms.
B.
Enable "Allow prepayments" in the Financial Options form.
C.
Enable the Oracle Payables Enable Prepayments profile option.
D.
No additional configuration is required. Users must set up the
prepayment when the invoice is
created.
E.
No additional configuration is required. Users must set up the
prepayment when the payment
is
created.
Answer:
D
===>>
Question: 211
Identify
three options available to manage cash requirements. (Choose three.)
A.
Include Only Due.
B.
Change Pay Groups.
C.
Select Payment Terms.
D.
Select additional Pay Through Days.
E.
Narrow the selection of invoices in pay run.
Answer:
A, D, E
===>>
Question: 212
You
are implementing Oracle General Ledger at a client site. The client
is based in the US, but
they
have a presence in many countries and transactions in multiple
currencies. The
implementation
team decides that the GL multi-currency setup will be a part of the
implementation.
The company's management in the US wants to see all transactions in
USD,
whereas
the management in Europe wants to see the transactions in Euros. The
CFO has this
requirement:
While entering daily transactions, the user must be able to enter the
current
exchange
rate. But at month end, the assets and liabilities in Euros must be
converted into USD
at
the monthly average exchange rate. Can this requirement be satisfied?
A.
Oracle GL does not support this functionality.
B.
Workflow must be customized to satisfy this requirement.
C.
The account generator must be customized to satisfy this requirement.
D.
Oracle GL provides this functionality and there is no problem in
satisfying the requirement.
Answer:
D
===>>
Question: 213
Suppliers
play an important part in the Procure-to-Pay process. Select three
activities that you
must
perform using a supplier. (Choose three.)
A.
You receive goods or services from suppliers.
B.
You need supplier information for entering purchase orders.
C.
You must pay the supplier for the goods or services purchased.
D.
You need a supplier as the criterion to search for a payment in the
system.
E.
You need a supplier as the criterion to search for purchase orders in
the system.
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53 of 57
Answer:
A, B, C
===>>
Question: 214
In
the context of adding, deleting, and disabling secondary ledgers,
select two valid statements.
(Choose
two.)
A.
The subledger accounting method must be assigned if defining a
balance- or journal-level
subledger.
B.
The subledger accounting method must be assigned only to the
secondary ledger in case of
defining
a subledger journals-level secondary ledger.
C.
The subledger accounting method must not be assigned if defining an
adjustments-only
secondary
ledger for manual adjustments in General Ledger.
D.
The subledger accounting method need not be assigned to the primary
ledger for assigning a
subledger
accounting method to the adjustments-only secondary ledger.
E.
The subledger accounting method must be assigned to both primary and
secondary ledgers to
use
the adjustments-only secondary ledger for both manual and automated
adjustments from
subledger
accounting.
Answer:
C, E
===>>
Question: 215
ABC
Corporation wants to convert from their existing legacy application
to Oracle E-Business
Suite
Release 12. Identify three statements that are true for invoice
conversion. (Choose three.)
A.
Merge all paid invoices for a supplier.
B.
Invoices related to employee expense cannot be converted.
C.
Establish a cutoff date after which invoices will be entered in
Payables.
D.
Use Payables Open Interface to convert unpaid invoices and credit
memos.
E.
Develop metrics that will be used to determine whether data
conversion was successful.
Answer:
C, D, E
===>>
Question: 216
ABC
Inc. wants to have 16 accounting periods that include an adjusting
period for each quarter in
its
4-5-4 accounting calendar. Its fiscal year-end is March 31. The
normal month-end is on a
Friday,
but the last day of each quarter is always on the last day of the
quarter's final calendar
month.
Select the remaining setup for the calendar to meet the requirement.
A.
defining 12-monthly periods based on the 4-5-4 calendar ending on the
last day of each
month;
defining an adjusting period on the last day of each quarter
B.
defining 12-monthly periods based on the 4-5-4 calendar ending on the
last Friday of each
month;
defining four adjusting periods for March 31 of the fiscal year
C.
defining 12-monthly periods based on the 4-5-4 calendar ending on the
last Friday of each
month;
defining an adjusting period on the last Friday of each quarter
D.
defining 12-monthly periods based on the 4-5-4 calendar ending on the
last Friday of each
month,
except for the last month of each quarter ending on the last day of
the month; defining
an
adjusting period for each of the last day of the quarter
Answer:
D
===>>
Question: 217
Which
two are true about elimination? (Choose two.)
A.
You can define balancing options for eliminating entries.
B.
You can define an elimination set to contain one elimination entry.
Page
54 of 57
C.
Currency is an optional component when defining an elimination set.
D.
You must specify an elimination company in the Elimination Sets
window.
Answer:
A, B
===>>
Question: 218
Select
three types of Payables open interfaces that will import data into
Payables from other
applications
or third-party solutions. (Choose three.)
A.
PCard Open Interface
B.
Supplier Open Interface
C.
Matching Open Interface
D.
Receiving Open Interface
E.
Payments Open Interface
Answer:
A, B, C
===>>
Question: 219
Identify
three prerequisites for the Payables period-close process. (Choose
three.)
A.
resolving holds
B.
reconciling bank statements
C.
updating matured bills payable
D.
completing all receipt processing
E.
confirming or canceling all pay runs
F.
making adjustments to supplier invoices interfaced to Projects
Answer:
A, C, D
===>>
Question: 220
Select
the Apply Withholding Tax Payables option that must be set to submit
the Withholding Tax
by
Invoice Report.
A.
At Payment Time
B.
Allow Force Approval
C.
Allow Online Validation
D.
At Invoice Validation Time
Answer:
D
===>>
Question: 221
Choose
the process that can be performed after a pay run has been formatted.
A.
Change an invoice amount.
B.
Prevent payment to a supplier.
C.
Print checks from the output file.
D.
Prevent payment of a particular invoice.
E.
Add an invoice that Payables did not originally select.
Answer:
C
===>>
Question: 222
Michael
is responsible for the accounting setup. Here is the list of accounts
for
the accounting setup structure mapped to their requirement.
Page
55 of 57
1.
suspense account - suspense posting
2.
reserve for encumbrance account - exchange rate gain/loss
3.
non-postable net income account - average balance processing
4.
ledger currency balancing account - for using Oracle subledgers and
balance subledger
journals
by the entered currency and balancing segment value
5.
entered currency balancing account - for using Oracle subledgers and
balance foreign
currency
subledger journals by the ledger currency and balancing segment value
Identify two
correct
mappings of accounts. (Choose two.)
A.
1
B.
2
C.
3
D.
4
E.
5
Answer:
A, C
===>>
Question: 223
The
GL user entered a taxable journal and posted it. Later, the user
realized that the tax code
entered
was wrong. What must the user do?
A.
Delete the journal and reenter it.
B.
Reverse and reenter the journal.
C.
Unpost the journal and reenter it.
D.
Modify the tax code at the line level.
E.
Enter another journal with the difference in the tax amount.
Answer:
B
===>>
Question: 224
Oracle
Payments is the central payment engine for Oracle E-Business Suite
Release 12. Identify
three
modules that integrate with Oracle Payments. (Choose three.)
A.
Assets
B.
Payables
C.
Receivables
D.
Cash Management
E.
Order Management
Answer:
B, C, D
===>>
Question: 225
In
the course of implementing Oracle General Ledger, you and your
customer have created a
number
of Financial Statement Generator reports in a test environment. These
reports have been
tested
and you are now ready to create them in your production environment.
You are ready to
run
the FSG Transfer program. What two requirements are necessary to run
this program?
(Choose
two.)
A.
Database links must be defined.
B.
The same ledgers must be defined in both instances.
C.
Enable the FSG: AutoCopy profile option in the production
environment.
D.
The same row and column sets must exist in the production
environment.
Answer:
A, B
Page
56 of 57
===>>
Question: 226
Which
item cannot be queried in the Find Consolidation Process window?
A.
balance type
B.
parent period
C.
mapping sets
D.
parent calendar
E.
elimination sets
Answer:
D
===>>
Question: 227
Select
three statements that apply to Interface Data Transformer (IDT).
(Choose three.)
A.
It ensures reapplication of the same rules each time you transfer.
B.
IDT provides greater flexibility by performing no validation on the
imported data.
C.
User-defined conditions enable you to control when transformation
rules must be applied.
D.
IDT provides automatic data conversion that converts disparate data
formats into an Oracle
format.
E.
It makes exporting of data from Oracle General Ledger into external
feeder systems much
easier
and less time consuming.
Answer:
A, C, D
===>>
Question: 228
To
set up Offset Tax under the Tax Configuration tab, which Tax
Configuration tab must you
select
to locate and enable "Set as Offset Tax"?
A.
taxes
B.
tax rules
C.
tax rates
D.
tax statuses
E.
tax regimes
Answer:
A
===>>
Question: 229
Treeline
Company is getting ready to complete its month-end process. It needs
to create a profitand-
loss
statement and wants to use the Financial Statement Generator feature
to create the
report.
Which two elements are required to create the report? (Choose two.)
A.
row set
B.
report set
C.
workbook
D.
column set
E.
content set
Answer:
A, D
===>>
Question: 230
Choose
the maximum number of secondary ledgers that can be assigned to a
primary ledger.
A.
unlimited
B.
two per primary ledger
C.
one per primary ledger
Page
57 of 57
D.
one per primary ledger with a reporting currency
Answer:
A
===>>
Question: 231
Select
three statements that apply to the Global Consolidation System (GCS).
(Choose three.)
A.
It consolidates data from the legacy feeder system.
B.
This system creates consolidated journal entries in both the parent
and subsidiary sets of
books.
C.
GCS automatically generates journal entries to eliminate intercompany
balances based on
defined
rules.
D.
It performs multidimensional analysis of consolidated financial data
by using Oracle Enterprise
Planning
and Budgeting.
Answer:
A, C, D
===>>
Question: 232
ABC
Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty
cost centers each time
an
invoice is received from them. The cost centers that are to be
charged require minimal
updating.
Select the option you would recommend that requires minimal ongoing
maintenance.
A.
Import predefined invoices from an Excel spreadsheet.
B.
A customization may be created to allocate the charges at the end of
the month.
C.
Create an invoice and use the prorate functionality to allocate the
cost across accounts.
D.
Make it an operational policy that all invoices of this type are
created listing all the desired
accounts.
E.
Create a distribution set for all the desired accounts and associate
it to all new invoices for this
supplier.
Answer:
E
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