Question: 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:
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:
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:
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
Question:
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
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
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
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.
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.
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
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?
(Choosethree.)
A. The invoice has no
holds.
B. The invoice must be
posted to General Ledger.
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
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
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.
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
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
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
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.
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
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
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
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
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.)
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
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
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.
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
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
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
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
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
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
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
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
1 comment:
Hi,
It would be better if you good start ADF and Oracle Fusion topic in your Blog.
Thanks,
Srinivas
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