Question: 123 ABC
Enterprise has operations in the US (East), the US (West), the US (North), and
the US (South). The US (North) and the US (East) divisions want to have
budgetary controls. The US (West) wants to have journal approvals. ABC
Enterprise reports to its parent company in the UK and the reporting currency
is GBP. The scope of implementation is for the US operations. The currency,
chart of accounts, and calendar are the same for all operations. Identify the
number of legal entities and primary ledgers that must be created.
A. 1 and 3
B. 1 and 4
C. 2 and 3
D. 1 and 2
Answer: A
Question: 124 ABC Company
in India imports baking equipment from XYZ Company in the US A. 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: 125 To create a
party paying relationship, the relationship type must be hierarchical and the
party type must be _______.
A. Child
B. Parent
C. Person
D. Organization
E. Person or organization
Answer: D
Question: 126 Select four
key system options in Oracle Receivables that are related to customers. (Choose
four.)
A. Default country
B. Receipt method
C. Automatic site numbering
D. Create reciprocal customer
E. Customer credit
classification
F. Automatic customer
numbering
G. Allow payment of unrelated
transactions
Answer: C, D, F, G
Question: 127 Identify two
credit memo options that are available in Oracle Receivables. (Choose two.)
A. Tax only
B. Advance
C. Paid freight
D. Invoice lines
E. Paid amount only
Answer: A, D
Question: 128 Which are the
three formats in which late charges can be presented to your customers? (Choose
three.)
A. Adjustment
B. Chargeback
C. Debit memo
D. Add-on fees
E. Credit memo
F. Interest invoice
Answer: A, C, F
Question: 129 Select three
statements that apply to iReceivables. (Choose three.)
A. It is a Web-based
self-service application.
B. It can be used to verify
the status of invoices and receipts.
C. It is geared towards call
centers, as well as credit and collections departments.
D. It can be used to initiate
the Oracle Approvals Management (AME) credit memo request workflow.
Answer: A, B, D
Question: 130 XYZ Company
uses financial statement generator reports to produce profit and loss
statements and balance sheet reports. Occasionally, XYZ Company needs to run a
report that is slightly different from the standard ones that have been
created. Identify two types of changes the XYZ Company can make by using the
Row Order feature to accomplish this need. (Choose two.)
A. Adding a new calculation
B. Sorting based on column
values
C. Displaying segment values
and descriptions
D. Changing how rounding
options are performed
Answer: B, C
Question: 131 Identify two
reasons why ABC Company would use Oracle Business Intelligence (BIS) as one of
their reporting tools. (Choose two.)
A. Perform ad hoc query,
reporting, analysis, and Web publishing.
B. Provide a secured and
centralized location to produce and manage point-in-time reports.
C. Executive-level
information about earnings per share and current ratios can be obtained.
D. Monitor the business at a
high level and obtain performance measures by using business metrics.
E. Create consolidated
reports and perform consolidation for companies that share the same ledger.
Answer: C, D
Question: 132 What does the
concurrent program Automatic Reversal do? (Choose two.)
A. Generates reversals for
all journals in a date range
B. Generates reversals for
the journal batches that you specify
C. Generates reversal
journals for all journal categories that have AutoReverse enabled
D. Generates and posts reversal
journals if the journal reversal criteria has the AutoReverse and AutoPost
reversals enabled for the category
Answer: C, D
Question: 133 Which three
statements are true about AutoAccounting? (Choose three.)
A. You define AutoAccounting
before you enter transactions in Receivables.
B. AutoAccounting does not
allow you to override default accounts in the Transactions Distribution window.
C. AutoAccounting allows you
to flexibly define the default account mapping for each segment in your chart
of account structure.
D. AutoAccounting is used to
determine default general ledger accounts for manual invoices and for invoices
created by AutoInvoice.
Answer: A, C, D
Question: 134 Select two
ways in which you can complete an invoice. (Choose two.)
A. Use the Complete button in
the Transactions window.
B. Run the concurrent program
Complete Transactions.
C. Select the complete check
box in the Transactions window.
D. Use the Complete button in
the Transactions Summary window.
E. Select the complete check
box in the Transactions Summary window.
F. Ask the technical
developer to run a custom PL/SQL program to update all tables.
Answer: A, D
Question: 135 Identify two
features of content sets when creating reports using Financial Statement
Generator (FSG). (Choose two.)
A. They are required for
profit-and-loss statements.
B. They cannot be added at
the time an FSG is run.
C. Content sets provide the
ability to add calculations.
D. The ability to override
row set definition is provided by content sets.
E. Content sets enable the
generation of multiple similar reports in one run.
Answer: D, E
Question: 136 Which three
functions can the Create Accounting Program perform? (Choose three.)
A. Creating accrual entries
B. Running the journal import
C. Validating distribution
lines
D. Creating accounting
entries
E. Transferring data to the
interface table
Answer: B, D, E
Question: 137 Which three
statements are true about Balance Forward Billing? (Choose three.)
A. Billing date is an
optional grouping rule.
B. Billing date value is
mandatory when cycle is external.
C. Accept Consolidated
Billing Invoices program is available.
D. Print New Consolidated
Billing Invoices program is available.
E. It considers both manual
transactions and imported transactions.
F. Activity can be
consolidated across account sites, or by each billing site.
Answer: B, E, F
Question: 138 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 summar 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
Answer: D
Question: 139 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: 140 XYZ Company
has disabled the Receivables Profile Option "AR: Disable Receivable
Activity Balancing Segment". What must be defined in order for the General
Ledger Transfer process to execute without error?
A. Gain account
B. Revenue account
C. Expense account
D. Rounding account
E. Suspense account
Answer: E
Question: 141 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: 142 What two
types of access do you need to be able to run year-end closing journals for all
legal entities? (Choose two.)
A. Read-only access to the
ledgers
B. Full ledger data access
set type that provides read and write access to the ledger
C. Read and write access to
some of its balancing segment values and management segment values
D. The balancing segment
value data access set type that provides read and write access to all balancing
segment values for a ledger by selecting the all values check box
Answer: B, D
Question: 143 Select two
features regarding the completion of a successful customer merge in Oracle
Receivables that support ongoing customer data cleansing efforts after go-live.
(Choose two.)
A. Customer merge activity
can be reversed after the merge process.
B. Bank details for the
merge-from customer remains available after the merge process.
C. Duplicate parties are
repointed to the surviving party after the customer merge process.
D. Duplicate customers are
repointed to the surviving customer after the customer merge process.
E. Customer sites associated
with the old customer or site are associated with the new customer or site
after the customer merge process.
F. Customer transactions or
audit transactions details for the merge-from customer remain available for
reprinting after the customer merge process.
Answer: D, E
Question: 144 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: 145 BT Inc. is
implementing Oracle Accounts Receivable to interface with an external
non-Oracle legacy billing system. The client wants Receivables to generate
accounting entries, instead of sending accounting data through the interface.
Identify four setup items that are used by Receivables to generate the General
Ledger (GL) code combinations. (Choose four.)
A. AutoAccounting
B. Transaction type
C. Accounting rules
D. Transaction source
E. Customer bill-to site
F. Standard memo line
Answer: A, B, E, F
Question: 146 Your company
needs a solution that provides the option of transferring a high volume of
customer receipts from the bank into the Oracle Accounts Receivable system. You
do not want the customers account balance to be affected immediately when the
receipts are transferred and uploaded to the receivables system. Which is the
most appropriate receipt creation method to implement in Oracle Receivables?
A. Cash receipts
B. Manual receipts
C. Automatic receipts
D. Quickcash receipts
E. Miscellaneous receipts
Answer: D
Question: 147 Which
relationship group would you assign to allow each party to pay for its own
transactions, as well as the transactions of all parties that are lower in the
hierarchy (children, grandchildren, and so on)?
A. Pay group
B. Pay below
C. Pay without
D. Pay parties
Answer: B
Question: 148 Select two
components that are required to create the accounting setup by using Accounting
Setup Manager. (Choose two.)
A. Ledgers
B. Operating units
C. Data access sets
D. Definition access sets
E. Subledger accounting
method
Answer: A, E
Question: 149 A debit memo
reversal must be utilized to reverse the receipt if_____ .
A. Receipt is a
non-invoice-related receipt
B. Receipt has an open claim
associated with it
C. Receipt has been
reconciled in Cash Management
D. Receipt has a remitted
credit card refund application
Answer: D
Question: 150 After
creating two new customers, LeftBank and RightSide, you create and complete an
invoice for $105 ($100 plus $5 tax) for LeftBank. You immediately realize that
you should have created the invoice for RightSide. Which three steps can you
take to correct the situation? (Choose three.)
A. Change the status of the
invoice to incomplete. Delete the invoice, and then enter and complete the
invoice for RightSide.
B. Change the status of the
invoice to incomplete. Change the customer in the invoice to RightSide.
Complete the invoice.
C. Create an adjustment to
the invoice for the entire amount, and then create a negative adjustment to the
account of RightSide.
D. Create an on-account
credit memo for $105 for LeftBank. Apply the on-account credit memo to the
invoice. Enter and complete the invoice for RightSide.
E. Change the status of the
invoice to incomplete. Change the transaction type of the invoice to a
transaction type that has creation sign equal to negative sign. Complete the
invoice. Enter and complete the invoice for RightSide.
Answer: A, B, D
Question: 151 ABC Company
is implementing Oracle Financials. The finance manager wants to set up a
control point before the Receivables entries are transferred to General Ledger.
Which two statements are correct about the control mechanisms that Receivables
can provide? (Choose two.)
A. Oracle approval limit can
be used to approve or reject the invoices.
B. Oracle approval limit can
be used to approve or reject the credit memos.
C. Oracle approval limit can
be used to approve or reject the adjustment activities.
D. Oracle Approvals
Management (AME) Workflow can be used to approve or reject the invoices.
E. Oracle Approvals
Management (AME) Workflow can be used to approve or reject the credit memos.
F. Oracle Approvals
Management (AME) Workflow can be used to approve or reject the adjustment
activities.
Answer: C, E
Question: 152 Choose the
correct sequence of events taking place in the data access set setup process.
1. Define a legal entity.
2. Define ledger sets.
3. Define data access sets.
4. Define a secondary ledger.
5. Define a primary ledger.
6. Assign a data access set
to responsibilities.
7. Define operating units.
A. 1, 7, 5, 4, 2, 3, 6
B. 1, 2, 3, 4, 5, 6, 7
C. 1, 7, 4, 5, 3, 2, 6
D. 1, 7, 3, 2, 5, 4, 6
Answer: A
Question: 153 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: 154 Identify the
Receivable interface table into which the receipt information contained in the
bank file can be loaded by using a SQL*Loader script.
A. AR_PAYMENTS_INTERFACE_ALL
B.
AR_INTERIM_CASH_RECEIPTS_ALL
C.
AR_INTERIM_CASH_INTERFACE_ALL
D.
AR_INTERIM_CASH_RCPT_LINES_ALL
E.
AR_INTERIM_PAYMENTS_INTERFACE_ALL
Answer: A
Question: 155 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: 156 Your client
is implementing Oracle Financials and Order Management. The AR team lead has
heard about the Tax Reporting Ledger and wants to know which subledger modules
are used by the report. Identify three applications that can be reported by the
Tax Reporting Ledger. (Choose three.)
A. Treasury
B. Payables
C. Purchasing
D. Receivables
E. General Ledger
F. Cash Management
G. Order Management
Answer: B, D, E
Question: 157 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: 158 Tina is
entering a receipt and she determines that a short payment on a customer''s
invoice should be considered an invoice deduction. Tina applies the cash to the
customer''s open invoice, thereby triggering receivables to create a claim in Trade
Management. After Tina saves her work, Receivables _____.
A. Partially applies balance
to customer invoice and places the full invoice amount in dispute
B. Fully applies customer
invoice, thereby creating a chargeback for the remaining invoice Balance
C. Fully applies customer
invoice, thereby creating a debit memo for the remaining invoice balance
D. Partially applies balance
to customer invoice and places the remaining invoice balance in dispute
Answer: D
Question: 159 Computer
Operations Inc. has its headquarters in Frankfurt. It uses two ledgers: one for
corporate accounting (primary) and another for statutory reporting (secondary).
Both ledgers have different charts of accounts and accounting calendars but use
EUR as the functional currency. It has a subsidiary in California, which uses
its own chart of accounts and the USD currency. Identify two options by which
Computer Operations Inc. can consolidate their global operations. (Choose two.)
A. A secondary ledger must be
defined for California.
B. Consolidation can be done
by mapping between the California secondary ledger and the Frankfurt secondary
ledger.
C. A new ledger set must be
defined, which will group the Frankfurt primary ledger and the California
secondary ledger.
D. The chart of accounts and
calendar of the Frankfurt secondary ledger must be the same as that of the
California secondary ledger.
Answer: A, C
Question: 160
AutoAccounting automatically generates accounting flexfields for Receivables
transactions. Identify four accounts generated by AutoAccounting. (Choose
four.)
A. Tax
B. Freight
C. Payable
D. Discount
E. Revenue
F. Receivable
Answer: A, B, E, F
Question: 161 When you
change a summary account template funds check level from none to advisory or
absolute, you must _____.
A. Do nothing else (no
additional work is needed)
B. Complete the required data
on the template for the new funds check level
C. Delete the original
template and then re-create it for the appropriate funds check level
D. Change the time period on
the template to the earliest period to identify the begin date of the new funds
check level
Answer: C
Question: 162 Choose the
correct sequence of the budget accounting cycle in Oracle applications.
A) Freeze budgets.
B) Define budgets and budget
organization.
C) Review and correct
budgets.
D) Report on budgets.
E) Enter budget amounts.
A. E, D, C, B, A
B. B, E, C, D, A
C. A, B, C, D, E
D. E, A, B, C, D
E. B, E, C, A, D
Answer: E
Question: 163 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: 164 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: 165 ABC
Enterprises is implementing Oracle E-Business Suite Release 12. They possess
much data relating to Assets, HRMS, Inventory, vendors, and customers. They
also have budgetary control enabled, and they have a substantial amount of
budget data. They want to upload their data into Oracle with the use of Oracle
Web Application Desktop Integrator. Identify four types of data that can be used
for uploading data by using Web ADI. (Choose four.)
A. HRMS data
B. Assets data
C. Vendors data
D. Budgets data
E. Inventory data
F. Customers data
Answer: A, B, D, E
Question: 166 The GL
accountant tells you that to minimize maintenance efforts, disabled account
code combinations must be automatically deleted from the budget organization
periodically. At the same time, if new account code combinations have been
defined, these must be automatically added. What would be your response?
A. The Oracle General Ledger
budget functionality cannot satisfy this requirement.
B. If the client wants to do
this, customization of Oracle Workflow is the only option.
C. To do this, automatically
run the Maintain Budget Organization program periodically.
D. It is possible to
automatically add new account code combinations, but disabled accounts must be
deleted manually.
E. It is possible to
automatically delete the disabled account code combinations, but new accounts
must be added manually.
Answer: C
Question: 167 Journal
creation rules in Subledger Accounting are defined by event type and event
class. Identify the event type associated with the event class of reverse.
A. Invoice
B. Receipts
C. Adjustment
D. Chargeback
E. Transactions
F. Credit memo
G. Bills receivable
Answer: B
Question: 168 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: 169 Your client
is using Oracle Trading Community Architecture (TCA) relationship manager to
create and manage relationships among parties. However, your client is having
difficulty understanding circular relationship types. Select two examples of
circular relationships. (Choose two.)
A. Company H is an affiliate
of company G.
B. Company A is the parent
company of company B and company C.
C. Company J is a subsidiary
of company K and company L is a division of company K.
D. Company M is a shareholder
of company N and company N is a shareholder of company P.
E. Company D is a competitor
of company E, which is a competitor of company F, which in turn is a competitor
of company D.
Answer: A, E
Question: 170 Your client
has requested that you set up gapless numbering for its invoices. In your
testing, you realized that the numbers for deleted invoices were missing from
the sequence. How would you prevent that problem?
A. Reuse deleted invoice
numbers.
B. Do not allow deletion of
invoices.
C. Create a custom report
listing deleted invoice numbers.
D. Select Show Deleted
Invoice Numbers in your system options.
Answer: B
Question: 171 The
accounting setup process in Oracle General Ledger consists of three main steps.
(Choose three.)
A. Update accounting options.
B. Approve accounting
options.
C. Complete the accounting
setup.
D. Create an accounting setup
structure.
Answer: A, C, D
Question: 172 ABC
Enterprise closes its books on March 31st. These activities have been
identified to be performed for the closure of books.
1) post
2) translate
3) review
4) consolidate
5) revalue
6) run accounting reports
7) close accounting period
In which order must these
activities be performed?
A. 1, 3, 5, 2, 4, 6, 7
B. 5, 2, 3, 1, 7, 4, 6
C. 1, 5, 2, 3, 4, 7, 6
D. 1, 3, 2, 5, 7, 4, 6
Answer: A
Question: 173 The GL
accountant tells you that he has defined two budgets. After selecting the budget
organization in the Enter Budget Amounts form, he can select only one budget
from the list of values (LOV). What would be your response?
A. The budget status is
current.
B. The last fiscal year of
the budget is closed.
C. The first fiscal year of
the budget was never opened.
D. Accounts must be
reassigned to the budget organization.
Answer: C
Question: 174 There are
several setup steps for receipts in Oracle Receivables; some are required
whereas others are optional. Which two setup steps are optional? (Choose two.)
A. Define receipt classes.
B. Define receipt methods.
C. Define receipt sources.
D. Define AutoCash rule sets.
E. Define application rule
sets.
Answer: D, E
Question: 175 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: 176 When you
assign a template to a rule in Bill Presentment Architecture, you enter a range
of ___.
A. Data sources
B. Transaction types
C. Transaction dates
D. Customer accounts
Answer: C
Question: 177 Ten analysts
are assigned the same Receivables responsibility and are given their own
logins. The requirement is to restrict three of the analysts from creating
chargebacks or adjustments. What would be your advice to ensure compliance with
this internal control?
A. Use forms personalization
to restrict function access.
B. Set the "AR: Cash -
Allow Actions" system profile to no at the responsibility level.
C. Set the "AR: Cash -
Allow Actions" system profile to no at the user level for the three
analysts.
D. Set the "AR: Cash -
Allow Actions" system profile to yes at the user level for the three
analysts.
E. Set the "AR: Cash -
Allow Actions" system profile to yes at the application level for the
three analysts.
Answer: C
Question: 178 Which three
statements are true about mapping rules? (Choose three.)
A. You can define account
rules.
B. You can define segment
mapping rules.
C. You can modify your rollup
rule after it has been saved.
D. You can define segment or
account rules, but not a combination of both.
E. You can define segment
rules instead of account rules for faster processing.
Answer: A, B, E
Question: 179 All receipts
that fail validation during AutoLockbox processing remain in the _____ table.
A. AR_PAYMENT_SCHEDULE
B. AR_PAYMENTS_INTERFACE_ALL
C.
AR_INTERIM_CASH_RECEIPTS_ALL
D. AR_INTERIM_CASH_RCPT_LINES_ALL
Answer: B
Question: 180 Which three
statements are true about accounting rules? (Choose three.)
A. Accounting rules enable
you to defer revenue.
B. Accounting rules enable
you to define fixed and variable rules to recognize revenue.
C. Accounting rules enable
you to define the number of periods and percentage of total revenue that you
can record in each accounting period.
D. Accounting rules enable
you to define the number of periods and amount of invoice that you can bill
your customer in each accounting period.
Answer: A, B, C
Question: 181 You have
transferred, closed, and reconciled all subledgers. The sales manager informs
you about a material transaction that was completed on the last business day of
the closing period. Select the best option in this situation.
A. Ignoring the transaction
in the current period
B. Opening the subledger to
enter the transaction
C. Reversing the prior
postings and retransferring data from the subledgers
D. Recording a manual accrual
journal in the current period and reversing the journal in the next period
Answer: D
Question: 182 Select four
mandatory requirements for creating ledgers in Oracle General Ledger. (Choose
four.)
A. Currency
B. Period types
C. Operating units
D. Chart of accounts
E. Accounting method
F. Accounting calendar
Answer: A, D, E, F
Question: 183 When you
enter a journal, the journals in that batch _____.
A. Must share the same period
B. Must share the same
currency
C. Must share the same
accounting date
D. Must share both the same
period and currency
E. Can have different
periods, currencies, and accounting dates
Answer: A
Question: 184 Your client
has set up Oracle Lease Management (OKL) and Oracle Credit Management (OCM)
without scoring models. Which three tasks can be successfully completed by
Oracle Workflow in OCM without manual intervention? (Choose three.)
A. Creating a case folder
B. Calculating a credit score
C. Creating a credit
application
D. Creating a final credit
recommendation
E. Sending notifications to
the credit scheduler
Answer: A, C, E
Question: 185 Identify four
steps involved in the setup for late charges. (Choose four.)
A. Assigning different
policies to your customers
B. Indicating by transaction
type if a late charge policy is enforced
C. Enabling late charges in
the Receivables System Options form
D. Enabling late charges in
the System Profiles form at the user level
E. Deriving accounting from
transaction type when late charges are in adjustment format
F. Indicating if a specific
invoice should be exempt from late charges at the transaction level
Answer: A, B, C, F
Question: 186 Which four
transaction types or activities are affected by the "AR : Disable
Receivable Activity Balancing Segment" profile option? (Choose four.)
A. Invoices
B. Adjustments
C. Late charges
D. Debit memos
E. Credit memos
F. Discounts (both earned and
unearned)
G. Activity applications
(such as receipt write-off, short-term debt, and claims investigation)
Answer: B, C, F, G
Question: 187 Select two
correct journal types to be used based on the context provided. (Choose two.)
A. Company E wants to track
availability of funds against budgets. Use encumbrance journals.
B. Company D wants to track availability
of funds against budgets. Use budget journals
C. Company B wants to track
floor space and other physical attributes. Use statistical journals.
D. Company A wants to track
floor space and other physical attributes for Mass Allocation. Use encumbrance
journals.
Answer: A, C
Question: 188 Identify two
places where you can define a legal entity. (Choose two.)
A. Set of books
B. Data access set
C. Legal Entity Configurator
D. HRMS organization setup
E. Accounting Setup Manager
Answer: C, E
Question: 189 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: 190 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: 191 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
E. Operate in a country
that allows multiple legal entities to share the same primary ledger and ledger
attributes
Answer: A, B, E
Question: 192 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: 193 You are
setting up Receivable Accounting Events in Subledger Accounting. Identify the
Event Entity.
A. Invoices
B. Deposits
C. Guarantees
D. Transactions
E. Chargebacks
Answer: D
Question: 194 Identify
three setups in Oracle Receivables that control how discounts are calculated.
(Choose three.)
A. Profile options
B. Payment terms
C. System options
D. Receipt classes
E. Customer profiles
Answer: B, C, E
Question: 195 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: 196 There are
three invoice correction methods: underinvoicing, overinvoicing, and invalid
transactions. Which option lists all the correct underinvoicing choices?
A. Void, delete
B. Void, delete, re-create
invoice
C. Update invoice, create a
debit memo, perform an adjustment
D. Update invoice, create a
credit memo, create an on-account credit memo, perform an adjustment, refund
Answer: C
Question: 197 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: 198 XYZ Inc.
wants to ensure that no changes are made to unposted journals that come in from
its subledgers. At which setup can you control this?
A. Ledgers
B. Journal approval
C. Journal sources
D. Journal categories
Answer: C
Question: 199 After
creating a number of Financial Statement Generator reports, ABC Company wants a
list of the definitions for one specific account. Identify the report that
would provide this information.
A. FSG Attribute Listing
B. FSG Where Used Report
C. FSG Report Detail Listing
D. FSG Content Set Detail
Listing
E. FSG Content Summary
Listing
Answer: B
Question: 200 AutoInvoice
does not import Receivables invoices from the interfaces. Identify two reasons
that can cause AutoInvoice to fail. (Choose two.)
A. AutoCash rule set is not
defined.
B. Sold To Customer is
validated by ID.
C. Default Remit-to address
is not defined.
D. Receivables adjustment
activities are not defined.
E. Transaction General Ledger
date is in a closed period.
Answer: C, E
Question: 201 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: 202 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: 203 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
E. Operate in a country that
allows multiple legal entities to share the same primary ledger and ledger
attributes
Answer: A, B, E
Question: 204 Michael is
responsible for the accounting setup. Here is the list of accounts for the
accounting setup structure mapped to their requirement.
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: 205 Invoice
batching provides checks and balances that are not available in a single
invoice. Choose two reasons why you might want to enter invoices in batches.
(Choose two.)
A. You can print invoices by
batch.
B. Batching provides default
values for invoice fields.
C. You can post invoices to
General Ledger by batch.
D. You can apply cash
receipts directly to a batch of invoices.
Answer: A, B
Question: 206 After
reviewing an incomplete invoice entered last week by her assistant, Jovi
clicked the Complete button in the Transactions window. What are three changes
this would create in Oracle Receivables? (Choose three.)
A. This invoice can now be
printed.
B. A dunning letter is now
sent to the customer for the invoice amount.
C. This invoice now becomes
eligible to be transferred to General Ledger.
D. Payment schedules are now
created based on the payment terms and invoice date.
E. The invoice is now
included in the standard aging and collection process if the transaction type
has open receivables set to No.
Answer: A, C, D
Question: 207 Your client
wants to import paid invoices from its legacy system to Oracle Receivables. It
does not want to post the paid invoices to GL or update the customer balances.
How would you import invoices in this scenario?
A. Create a transaction
source and set the status to Inactive.
B. Create a transaction
source with the GL Date in a Closed Period box set to Adjust.
C. Assign a transaction type
with no values for the receivable and revenue accounts.
D. Assign a transaction type
with the Open Receivable and Post to GL boxes deselected.
Answer: D
Question: 208 AB Company in
the United Kingdom is a subsidiary of ABC Company in the United States. The
majority of transactions done by AB Company are entered in GBP. At the end of
the year, AB Company restates all its ledgers or balances to report at the
headquarters in the US. What is this process called?
A. Revaluation
B. Translation
C. Conversion
D. Observation
E. Alteration
Answer: B
Question: 209 XYZ
Enterprises, a US-based export firm, has two offices in the US (East) and the
US (West). They use their primary ledger for their US operations, and an
additional ledger for management analysis and reporting. They use five segments
for their accounting flexfield: company, department, account, product, and
future. Select the minimum number of required flexfield qualifiers that they
would be using for the accounting structure. (Choose three.)
A. Future segment
B. Product segment
C. Balancing segment
D. Cost center segment
E. Department segment
F. Management segment
G. Natural account segment
Answer: C, D, G
Question: 210 During the
testing phase of your implementation, you find that you are unable to delete a
journal batch, though it is not yet posted. You ask the technical consultant
for help and he emails you a checklist of scenarios in which the batches cannot
be deleted. Select three scenarios that would be on the checklist. (Choose
three.)
A. The source is frozen.
B. The journal batch has not
been posted.
C. Funds have been reserved
for the batch.
D. The journal batch has not
been approved.
E. Funds are in the process
of being reserved for the batch.
Answer: A, C, E
Question: 211 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: 212 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: 213 You reviewed
all the reconciliation reports for month-end close. Identify the correct
sequence of actions you would undertake to close the month.
A. Run Applied Receipts
Report, run AR Reconciliation Report, run Journal Import.
B. Run AR Reconciliation
Report, run Sales Journal Report, run Create Accounting Program.
C. Run Sales Journal Report,
run AR to GL Reconciliation Report, run Create Accounting Program.
D. Run Create Accounting
Program, run AR Reconciliation Report, run AR to GL Reconciliation Report.
Answer: D
Question: 214 A user
attempted to close the Accounts Receivable accounting period and received an
error. What could be the cause of the error?
A. AutoInvoice did not run.
B. There are lockbox
interface errors.
C. Create Accounting program
did not run.
D. There are existing invoice
exceptions.
E. There are AutoInvoice
interface errors.
F. Invoices are entered but
not completed.
G. General Ledger Journal
Import did not run.
Answer: C
Question: 215 Oracle Credit
Management (OCM) uses lookups to help speed up data entry and increase
accuracy. Select two required lookups used by OCM. (Choose two.)
A. Risk code
B. Credit rating
C. Payment terms
D. Credit review type
E. Credit classification
Answer: D, E
Question: 216 Your client
occasionally charges sales tax erroneously to some customers. The client''s
current process involves manually issuing a credit memo to correct the
customer''s account. Customers routinely deduct the sales tax from the invoice
before paying. Identify two steps that can help simplify the clients current
process. (Choose two.)
A. Set up AutoAccounting.
B. Set up adjustment approval
limits.
C. Set up transaction type
for tax adjustment.
D. Select the TAX: Allow
Override of Tax Code profile option.
E. Define receivables
activity of adjustment with tax accounting distribution.
F. Define receivables
activity of miscellaneous cash with tax accounting distribution.
Answer: B, E
Question: 217 Which is the
correct sequence of steps in planning your summary accounts?
(1) planning the summary
account structure
(2) planning the parent
segment values and rollup groups needed for summary accounts
(3) determining summary
account needs
(4) planning summary account
templates to generate multiple summary accounts
A. 2, 3, 1, 4
B. 3, 1, 2, 4
C. 1, 2, 3, 4
D. 2, 1, 3, 4
Answer: B
Question: 218 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: 219 To properly
associate one transaction type with another in Receivables, you have to define
transaction types in a specific order. Identify the correct order.
A. Invoice, credit memo,
debit memo
B. Invoice, debit memo,
credit memo
C. Credit memo, invoice,
debit memo
D. Credit memo, debit memo,
invoice
E. Debit memo, invoice,
credit memo
F. Debit memo, credit memo,
invoice
Answer: C
Question: 220 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
D. One per primary ledger
with a reporting currency
Answer: A
Question: 221 Your client
has requested that you set up a relationship type that would allow any party
within the relationship to pay for the accounts of any other party. Identify
the relationship group that you would assign your relationship type to, in
order to accomplish this.
A. Pay all
B. Pay within
C. Pay below
D. Pay parties
Answer: B
Question: 222 Select two
correct statements for the management segment qualifier in Oracle General
Ledger. (Choose two.)
A. The management segment can
be a balancing segment.
B. The management segment can
be a natural account segment.
C. The management segment
cannot be an intercompany segment.
D. This segment qualifier is
used for management reporting and analysis.
E. Data access sets cannot
limit access to specific management segment values.
Answer: C, D
Question: 223 Which two
statements are true about invoicing rules and accounting rules? (Choose two.)
A. If a transaction has an
invoicing rule, an accounting rule is optional.
B. If a transaction has an
invoicing rule, an accounting rule is not allowed.
C. If a transaction has an
invoicing rule, an accounting rule is also required.
D. Invoicing rules and
accounting rules have no effect until invoices are paid.
E. Invoicing rules and
accounting rules have no effect unless you choose the accrual method of
accounting.
F. Invoicing rules determine
when invoices are due. Accounting rules affect how invoices are accounted for.
Answer: C, E
Question: 224 After
registering new data sources, you must complete your Bill Presentment
Architecture by creating database views. How many database views can you create
for each data source?
A. One
B. Nine
C. Three
D. Unlimited
Answer: D
Question: 225 Scott, the
CFO at ABC Company in the USA, wants to present the annual income statement to
the board of directors of the company. ABC Company engages in many exports and
import activities and follows the policy to revalue all its transactions in
foreign currency with the current market rates. Scott requests George, the head
accountant of the company, to revalue all foreign currency transactions done
during the year. Select two prerequisites that George must comply with to
ensure that the revaluation is done as desired. (Choose two.)
A. Define accounts for
realized gains and realized losses.
B. Define accounts for
unrealized gains and unrealized losses.
C. Define the weights for
each currency used for doing transactions.
D. Define a batch under which
the revaluation journals would be stored.
E. Define a revaluation rate
for each currency for each period or date for which the revaluation must be
run.
Answer: B, E
Question: 226 Which three
payment terms validations are performed by AutoInvoice for imported balance
forward billing (BFB) transactions? (Choose three.)
A. The transaction is stamped
with legal entity information.
B. All transactions are
batched by batch source name and request ID.
C. Transactions with balance
forward billing payment terms having the external billing cycle have a billing
date.
D. Transactions with balance
forward billing payment terms have balance forward billing enabled at the
account and site profiles.
E. Transactions with
nonbalance forward billing payment terms for balance forward customers have the
override terms check box selected.
Answer: C, D, E
Question: 227 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: 228 Which three
statements are true about AutoInvoice? (Choose three.)
A. It determines the General
Ledger (GL) accounts by using AutoAccounting.
B. It imports invoices that
have only transaction types that are of the "imported" transaction
class.
C. It determines the GL
accounts from the rows in the RA_INTERFACE_DISTRIBUTIONS_ALL table.
D. It determines whether the
invoices should have open or closed status on the basis of the line amounts.
E. It uses the AutoInvoice
clearing account if it cannot determine the Receivables account by using
AutoAccounting.
F. It uses the AutoInvoice
clearing account if the price multiplied by quantity does not equal the total
amount for a line.
Answer: A, C, F
Question: 229 How many data
source views can you register for the Lines data source in Bill Presentment
Architecture?
A. Five
B. One
C. Nine
D. Seven
Answer: B
Question: 230 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: 231 Which three
statements are true about data conversion rules? (Choose three.)
A. Journal conversion rules
are applied to select the journals for transfer to the secondary ledger based
on journal batches.
B. Chart of account
conversion is required if the primary ledger and secondary ledger have the same
chart of accounts structure.
C. Currency conversion rules
are required for consolidating primary and secondary ledgers only when their
currencies are different.
D. For calendar conversion,
the journal effective date determines the corresponding nonadjusting period in
the secondary ledger.
E. The General Ledger Posting
program uses the rules to determine which journals to automatically transfer to
the secondary ledger during posting.
Answer: C, D, E
Question: 232 Your client
will use the seeded credit classifications of Low Risk, Moderate Risk, and High
Risk to evaluate the credit worthiness of customers. It has also created the
following credit review types:
New Credit Limit
Domestic Credit
International Credit
Guarantor of Credit
Lease Application Credit
How many credit checklists
should the management set up in Oracle Credit Management to perform credit
reviews in accordance with the organization''s current policies?
A. Ten
B. Five
C. One
D. Eight
E. Three
F. Fifteen
Answer: F
Question: 233 You created
an invoice with one line item of $100 and a tax of $10. This line item is
credited with an applied credit memo of $50. What is the credit to the tax
line?
A. $5
B. $1
C. $10
D. $20
Answer: A
Question: 234 After you
define a credit analyst, you can modify any of the analyst''s information,
except _____.
A. Employee and group
B. Employee and username
C. Organization and territory
D. Cost center and employee
E. Username and organization
F. Group and group member
role
Answer: B
Question: 235 Jane is the
financial controller of ABC Corporation. ABC Corporation has three legal
entities: ABC East, ABC West, and ABC South. She was advised by the Oracle
General Ledger consultant that there is no need for any balancing segment
values to be assigned to the legal entities or ledgers. She is worried as to
which values will be available for transactions and journal entries. Identify
the right option in the given scenario.
A. All balancing segment
values will be available to enter transactions and journal entries.
B. No balancing segment
values will be available to enter transactions and journal entries.
C. ABC East and ABC West
balancing segment values will be available to enter transactions and journal
entries.
D. ABC East and ABC South balancing
segment values will be available to enter transactions and journal entries.
E. ABC South and ABC West
balancing segment values will be available to enter transactions and journal
entries.
Answer: A
Question: 236 Party Merge
provides the capability to merge parties and their related entities in the
Oracle Trading Community Architecture (TCA) Registry, thereby eliminating
duplicate data in the Registry. Select four entities that can be successfully
merged using the Party Merge functionality. (Choose four.)
A. You can merge bill-to
sites with bill-to sites.
B. You can merge bill-to
sites with ship-to sites.
C. You can merge individuals
with individuals.
D. You can merge individuals
with organizations.
E. You can merge
organizations with organizations.
Answer: A, C, D, E
Question: 237 Which two
setups are required for customer invoicing? (Choose two.)
A. Lockbox
B. Customers
C. Remit-to address
D. Customer profile classes
Answer: B, C
Question: 238 Identify two
functions the Revenue Accounting Management (RAM) Wizard performs in Oracle
Receivables. (Choose two.)
A. Apply receipts
B. Resolve claims
C. Adjust sales credits
D. Execute the invoicing
process
E. Manage revenue
contingrncies
Answer: C, E
Question: 239 Select three
true statements about mapping rules. (Choose three.)
A. Up to two rollup rules are
possible.
B. You can define a
combination of segment values and account rules.
C. Mapping sets enable you to
transfer data from multiple subsidiaries simultaneously.
D. There are only two mapping
rule actions consisting of copy value from and assign value from.
E. A rollup rule indicates to
General Ledger what detail level of information to transfer and how to roll
that information up to the parent.
Answer: B, C, E
Question: 240 Your company
is using Oracle Receivables and Trade Management to create and resolve claims.
A non-invoice-related claim is generated in Oracle Receivables and transferred
to Trade Management for investigation. The balancing segments used for
accounting on the individual transactions are:
Claim Investigation:1001
Unapplied Cash: 1000
Cash: 1000
Receivables: 2000
Receipt Write-Off: 3000
If you are using the Account
Generator to update the balancing segment values, what is the
balancing segment that is
derived if the claim is resolved via receipt write-off?
A. 1000
B. 1001
C. 2000
D. 3000
Answer: A
Question: 241 Identify four
types of transaction flexfields. (Choose four.)
A. Key transaction flexfield
B. Line transaction flexfield
C. Link-to transaction
flexfield
D. Source transaction
flexfield
E. Invoice transaction
flexfield
F. Reference transaction
flexfield
Answer: B, C, E, F
Question: 242 Which three
are part of the Global Consolidation System (GCS) functionality? (Choose
three.)
A. Viewing the multilevel
structure of your consolidation in a graphical format
B. Defining mapping rules to
determine how subsidiary account balances roll up into the parent
C. Creating consolidated
journal entries in both parent and subsidiary sets of books as part of the
consolidation process
D. Using the Interface Data
Transformer to transfer data from Oracle global consolidations to external
financial feeder systems
E. Viewing the status and
monitor subsidiary account balances for any changes that occur after the
subsidiary data has been transferred
Answer: A, B, E
Question: 243 The data
access set with the full ledger access set type defines three ledgers/ledger
sets:
Full ledger access set type
Ledger/ledger set Sets
privileges
Vision Services read and
write
Vision Operations read-only
Vision Global read-only
Which statement is correct?
A. Users can only view
existing data for the Vision Operations ledger.
B. Users have full read and
write access to the Vision Operations ledger.
C. Responsibilities that use
this data access set can only view existing data for the Vision Services
ledger.
D. Responsibilities that use
this data access set have full read and write access to the Vision Global
ledger.
Answer: A
Question: 244 Your customer
ABC Inc., has headquarters in San Diego, California. The billing function is
performed in St. Louis, Missouri. It has a plant in Baltimore, Maryland, a
warehouse in Richmond, Virginia, and an assembly line in Nashville, Tennesse.
John Thomas, plant supervisor at Baltimore, orders equipment from you to be
shipped to the assembly line in Nashville. Later, the assembly line in
Nashville will send the equipment to the warehouse in Richmond. Identify the
state sales tax to apply to this invoice.
A. Virginia
B. Missouri
C. Maryland
D. California
E. Tennessee
Answer: E
No comments:
Post a Comment