Question: 1 Identify three
purposes for which transaction types can be used. (Choose three.)
A. To record how cash can be
applied to transactions
B. To set whether AutoInvoice
validates transactions using IDs or values
C. To set whether
transactions affect the Accounts Receivable (AR) customer balances
D. To record the accounting
flexfield value that would be used for the cash account for transactions
E. To record the accounting
flexfield value that would be used for the receivable account for transactions
F. To set transaction numbers
to be either assigned automatically or entered manually for Transactions
Answer: A, C, E
Question: 2 John is
reviewing the clients draft training documents about the Order to Cash life cycle
business processes. Identify four steps that are included in the Order-to-Cash
life cycle. (Choose four.)
A. Launching pick release
B. Performing credit check
C. Reconciling bank
statements
D. Running AutoInvoice to
Receivables
E. Generating the move order
manually
Answer: A, B, C, D
Question: 3 A clerk from
ABC Inc., receives a customer receipt that does not have sufficient information
to identify the customer or invoice. Which is the correct method of entering
the receipt in Oracle Accounts Receivable?
A. Enter the receipt as an
unapplied receipt.
B. Enter the receipt as an
unidentified receipt.
C. Enter the receipt as an
on-account receipt.
D. Enter the receipt as a
miscellaneous receipt.
E. Enter the receipt by
applying it to a dummy customer account.
Answer: B
Question: 4 Identify two
statements that apply to Oracle Collections. (Choose two.)
A. It is a Web-based
self-service application.
B. It can be used to place an
invoice in dispute.
C. It enables customers to
see their own Oracle Receivables account information, such as balances.
D. It can be used to initiate
the Oracle Approvals Management (AME) credit memo request workflow from Oracle
Collections.
Answer: B, D
Question: 5 The end users
at Lucy Ltd. noticed several AutoInvoice exceptions and requested your help in
correcting them. Which window allows you to edit data?
A. Line Errors window
B. Interface Lines window
C. Interface Exceptions
window
D. Interface Corrections
window
Answer: B
Question: 6 The client
entered a miscellaneous receipt by mistake; it was posted to General Ledger.
Now the miscellaneous receipt needs to be reversed. Which method would you
advise the client to use?
A. Carry out a standard reversal
of the miscellaneous receipt.
B. Carry out a debit memo
reversal of the miscellaneous receipt.
C. Create a receivable
activity adjustment for the reversal of the miscellaneous receipt.
D. Create an adjustment in
receivables for the reversal of the effect of the miscellaneous receipt.
E. Create a journal entry in
General Ledger to reverse the accounting impact created by the posting of the
miscellaneous receipt.
Answer: A
Question: 7 Which rule must
be applied when using summary accounts to create a mass allocation journal?
A. Constant (C) must be
assigned to each rollup group that is used in the formula line.
B. Summing (S) must be
assigned to each rollup group that is used in the formula line, so that the
related child values are summarized.
C. Looping (L) must be
assigned to each rollup group that is used in the formula line, so that the
associated child values are incorporated in the calculation.
Answer: A
Question: 8 The head office
of ABCCorporation is at New York, and it has a branch in Tokyo. Their ledgers
have the same chart of accounts and calendar. The New York ledger uses USD,
whereas the Tokyo ledger uses JPY as the functional currency. ABC Corporation
has a requirement that all its branch transactions-subledger journals, General
Ledger journal entries, and balances at Tokyowill have to be routinely reported
in USD to New York. As an implementation consultant, which reporting currency
conversion would you suggest for ABC Corporation?
A. Balance-level reporting
currency only
B. Subledger-level reporting
currency only
C. Both journal-level and
balance-level reporting currency
D. Both subledger-level and
balance-level reporting currency
Answer: B
Question: 9 The following
template has been created:
D_Region_Asset
Here, D represents the
company segment; the value set is called company. Region represents the
division segment; the value set is called division. Asset represents the
natural account segment; the value set is called account.
You receive this error:
APP-08820: The rollup group
''Asset'' is not defined in the value set: <''Account''>. What is the
problem?
A. The natural account
segment can have only a T designation.
B. The asset rollup group has
not been assigned to a parent value.
C. The asset rollup group has
been assigned to a parent with no child values.
D. The asset rollup group
should have been aligned with the division segment.
Answer: B
Question: 10 Which
statement best describes stages in the credit review process?
A. Initiating a credit
review, data collection, data analysis, making and implementing the
recommendations
B. Defining a profile class,
assigning it to customers, setting up the scoring model, and starting the
workflow background process
C. Manually reviewing
customers'' past billing and payment history, initiating discussions with
customers, and implementing recommendations
D. Manually initiating a
review by sending out mails to customers requesting information, reviewing and
making recommendations, and implementing recommendations after approval
Answer: A
Question: 11 Identify the
Receivables activity type where you are unable to select the tax rate code
source option of invoice.
A. Adjustment
B. Earned discount
C. Unearned discount
D. Miscellaneous cash
Answer: D
Question: 12 ABC Company''s
requirement is that all mass allocation journals must be approved by using the
journal approval process. When the company accountant enters his or her mass
allocation journals, these journals must be routed to his or her manager for
approval, then to the CFO, and finally to the CEO for review and final
approval. Select the option that would help ABC Company meet this requirement.
A. Go to peers
B. One stop go direct
C. Go up the management chain
D. Go direct to the person
with sufficient authorization limit
Answer: C
Question: 13 The tables for
the Customer Master are owned by _____.
A. Oracle Receivables
B. Oracle Order Management
C. Oracle Trading Community
Architecture
D. Oracle Customer
Relationship Management
Answer: C
Question: 14 AutoCash rules
apply to _____ receipts.
A. Manual
B. Automatic
C. Quickcash
D. Credit card
E. Direct debit
F. Prepayment
Answer: C
Question: 15 Identify two
correct statements regarding a primary ledger. (Choose two.)
A. Defining a primary ledger
is not mandatory.
B. A primary ledger is the
main record-keeping ledger.
C. Multiple legal entities
can be linked to one primary ledger.
D. Multiple primary ledgers
can be linked to one secondary ledger.
E. Multiple primary ledgers
are required for one accounting setup always.
Answer: B, C
Question: 16 An easy
methodology to clarify how to define rollup groups for the summary account is
to _____.
A. Look at industry standards
B. Review detailed financial reports
C. Sketch the summarization
levels
D. Discuss it with all levels
of management within the organization
Answer: C
Question: 17 Which profile
option must be enabled to allow you to change the tax code on the transaction
line in Receivables?
A. eBtax: Allow Manual Tax
Lines
B. eBtax: Inventory item for
Freight
C. eBtax: Allow Ad Hoc Tax
Changes
D. eBtax: Allow Override of
Customer Exemptions
Answer: C
Question: 18 You are
defining FSG reports to be used by different users for your customer. One of the
customer requirements is that some users must be able to modify the report
definition, some users must be able to only view the report definition, and
other users can modify, view, and submit the report. Which solution must be
implemented to meet the customer requirement?
A. Define a separate data set
for each FSG user and grant them privileges accordingly.
B. Define a separate ledger
set for each FSG user and grant them privileges accordingly.
C. Define security rules and
specify what actions can be performed by each user or a group of users.
D. Define definition access
sets and specify what actions can be performed for a user or group of users.
E. Set up profile options for
each user and specify what actions can be performed by each user or a group of
users.
Answer: D
Question: 19 AutoLockbox
execution employs a multistep process. These steps can be submitted
individually or at the same time from the Submit Lockbox Processing window.
Identify the correct sequential combination of steps that are executed while
running the AutoLockbox concurrent process in Oracle Receivables.
A. Enter receipts, validate
data, apply QuickCash
B. Import bank file, validate
data, post QuickCash
C. Import bank file, enter
receipts, validate QuickCash
D. Enter receipts, import
bank file, validate data, post quickcash
E. Enter receipts, import
bank file, validate data, post QuickCash, apply receipts
Answer: B
Question: 20 Sam, the CFO
of XYZ Company, finds that in the expenditure budget of the current year, there
are many funds available in the stationery account, whereas there is not much
amount left for employee travel expenses. Sam instructs the budget analyst John
to transfer 80% of the stationery account to the travel expenses account. While
transferring the amount, John encountered errors and approached Sam for a
resolution. Sam reviews the situation and clarifies it to John. Choose what Sam
would have explained to John.
A. There must be some
budgetary control enabled on the travel expenses, and a transfer can be made
only after a funds check.
B. There must be some
budgetary control enabled on the stationery account, and a transfer can be made
only after a funds check.
C. There must be some
budgetary control enabled on the stationery and travel expenses accounts, and a
transfer can be made only after a funds check.
D. It is not possible to
transfer amount from one account to another unless the absolute amount is
known. So John should have calculated 80% of the stationery account and then
tried to make the transfer.
Answer: B
Question: 21 Identify a
correct statement about profile classes.
A. Credit checking is managed
in Receivables and Credit Management.
B. Late charge type includes
adjustment, debit memo, and interest invoice.
C. Profile classes can be
assigned to party, customer account, and account site levels.
D. Profile classes can be
assigned at the site level if the site has active bill-to and ship-to address
purposes.
E. Profile classes include
credit check, credit collector, payment term, statement cycle, and statement-to
address.
Answer: B
Question: 22 ABC
Corporation is a national company with five divisions that share the same
ledger. Select the statement that best describes the consolidation process for
ABC Corporation.
A. Transfer data and run
financial reports.
B. Enter eliminating journals
and run financial reports.
C. Run translations, transfer
data, and run financial reports.
D. Run revaluation and
translation, transfer data, and run financial reports.
E. Run revaluation,
translation, and eliminations; then transfer data and run financial reports.
Answer: B
Question: 23 The Receipt
Inherit Invoice Number option affects only receipts created by _____.
A. Oracle Cash Management
B. Oracle Trade Management
C. The AutoLockbox program
D. The Automatic Receipts
program
Answer: D
Question: 24 Select the
setup task that you are required to perform in Receivables to manage tax
calculations on invoices.
A. Defining tax rules
B. Defining AutoInvoice
C. Defining AutoAccounting
D. Defining tax registrations
E. Defining Account Generator
Answer: C
Question: 25 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: 26 A receipt of
$2,000 is received for an invoice that has $1,500 as the amount due. The
remittance advice does not state a reason for the overpayment. Identify the
receipt state that should be displayed.
A. Applied
B. Unapplied
C. On-account
D. Unidentified
E. Partially applied
Answer: B
Question: 27 Customer
reason codes can be used to assist in automatic claim creation in Receivables.
Customer reason code mappings are assigned in _____.
A. Payables
B. Receivables
C. Cash Management
D. Trade Management
E. Order Management
F. Subledger Accounting
Answer: D
Question: 28 When summary
account templates are associated with the check-level advisory of budgetary
control funds, which are the two items that must be associated with the
template? (Choose two.)
A. The formula must be
identified.
B. The currency must be
identified.
C. The boundary must be
identified.
D. The funding budget must be
identified.
Answer: C, D
Question: 29 You are using
the Event Based Revenue Management business rule for revenue recognition. Your
company is on the calendar month for financial reporting. On April 12th of the
current year, a customer invoice of $1000 is imported. It has an acceptance
clause of 60 days and a cancellation clause of 120 days. On April 28th of the
current year, a receipt of $1000 is applied against this invoice. You would
recognize revenue of $1000 in the month of _____.
A. April
B. May
C. June
D. July
E. August
Answer: E
Question: 30 Newco Inc. has
decided on a chart of accounts structure that consists of four segments:
company, cost center, account, and subaccount. It has only one company value
and wants to restrict (limit the appearance of) the lists of account values and
subaccount values for some cost centers. Which is the design option that would
meet Newco Inc.''s requirement?
A. Define a value set with
independent validation and non-hierarchical security for each of the three
segments: cost center, account, and subaccount. Enable security for all three
segments and define security rules to restrict lists accordingly.
B. Define a value set with
independent validation for each of the three segments: cost center, account,
and subaccount. Deselect dynamic inserts for the accounting flexfield structure
and define all possible code combinations that are desirable for the specified
cost centers.
C. Define a value set for the
cost center with independent validation and non-hierarchical security. Define a
value set for the account with dependent validation, which depends on the cost
center. Define a value set for the subaccount with dependent validation, which
depends on the account. Enable security for the cost center segment and define
security rules to restrict lists accordingly.
Answer: A
Question: 31 ABC Corp. is
implementing General Ledger, Payables, Receivables, and Cash Management.
Identify two points of integration between General Ledger, Payables,
Receivables, and Cash Management. (Choose two.)
A. Payables sends bank
reconciliation accounting entries to General Ledger.
B. Receivables sends accrued
revenue accounting entries to General Ledger.
C. Receivables sends bank
reconciliation accounting entries to General Ledger.
D. Cash Management sends bank
reconciliation accounting entries to General Ledger.
E. Cash Management does not
send bank reconciliation accounting entries to General Ledger.
Answer: A, D
Question: 32 Before you can
create customer invoices, you have to define customers and your remit-to
address. Identify five additional setups that are required before you can
create invoices in Receivables. (Choose five.)
A. payment terms
B. AutoAccounting
C. Transaction sources
D. Standard memo line
E. System and profile options
F. Receivables transaction
types
G. Customer account
relationships
Answer: A, B, C, E, F
Question: 33 Identify two
correct statements about the transaction flexfields for the Receivables
AutoInvoice interface tables. (Choose two.)
A. Link-to transaction
flexfields are used to associate a specific tax line with a specific
transaction line.
B. Reference transaction
flexfields are used to associate a specific tax line with a specific
transaction line.
C. Link-to transaction
flexfields are used to apply a credit memo to an invoice or associate an
invoice with a specific commitment.
D. Reference transaction
flexfields are used to apply a credit memo to an invoice or associate an
invoice with a specific commitment.
Answer: A, D
Question: 34 ABC Company in
India exports raw materials to XYZ Company in the USA. There is an outstanding
invoice of INR 90,000,000 to be paid in two months. The USD-to-INR rate when
the transaction was completed was 45. Now the USD-to-INR rate has changed from
45 to 40. 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 has a positive
impact by this rate change.
B. ABC Company is not
impacted at all by this rate change.
C. ABC Company has a positive
impact by this rate change.
D. XYZ Company has a negative
impact by this rate change.
Answer: B, D
Question: 35 Select four
values that default from profile classes in Oracle Accounts Receivable. (Choose
four.)
A. Currency
B. Legal entity
C. Payment terms
D. Statement cycle
E. Business purpose
F. Credit classification
Answer: A, C, D, F
Question: 36 In the course
of implementing Oracle General Ledger, you and your customer have created a
number of Financial Statement Generator reports in a test environment. These
reports have been tested and you are now ready to create them in your
production environment. You are ready to run the FSG Transfer program. What two
requirements are necessary to run this program? (Choose two.)
A. Database links must be
defined.
B. The same ledgers must be
defined in both instances.
C. Enable the FSG: AutoCopy
profile option in the production environment.
D. The same row and column
sets must exist in the production environment.
Answer: A, B
Question: 37 Your
receivables clerk is confused about entering duplicate receipt numbers in
Oracle Receivables. According to the organization''s policy, the customers
check number is entered as the receipt number while entering manual check
receipts. There are instances when the same check number is received from
different customers. What do you tell your receivables clerk?
A. Oracle Receivables does
not allow entry of duplicate receipt numbers.
B. Oracle Receivables allows
entry of duplicate receipts if the receipts are from the same batch source.
C. Oracle Receivables allows
entry of duplicate receipt numbers if the receipts are from the same customer.
D. Oracle Receivables allows
entry of duplicate receipt numbers if the receipt amount is different from the
amount in other receipts with the same receipt number.
E. Oracle Receivables does
not allow entry of duplicate receipt numbers if the receipt number, currency,
amount, and customer number in a receipt are identical to those in another
receipt.
Answer: E
Question: 38 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: 39 Select four
processes that are facilitated by the credit management workflow. (Choose
four.)
A. Gathering prospect credit
data
B. Analyzing prospect credit
data
C. Gathering organization
account credit data
D. Implementing credit
decisions for individuals
E. Implementing credit
decisions for organizations
F. Analyzing customer account
credit data for individuals
Answer: A, B, C, E
Question: 40 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: 41 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: 42 Identify two
mandatory attributes for grouping rules. (Choose two.)
A. GL date (GL_DATE)
B. Sales order (SALES_ORDER)
C. Currency (CURRENCY_CODE)
D. Accounting rule
(ACCOUNTING_RULE_ID)
Answer: A, C
Question: 43 Tax on Receivables
invoices are posted to different General Ledger (GL) accounts by taxing
authorities in your primary ledger. For example, one GL account (2501) for
California tax and one (2502) for Virginia. There is a regulatory requirement
for tax on Receivables invoices to be posted to one account (2550) in your
secondary ledger. Where would you set up the accounting rules for this
requirement?
A. Oracle Payables
B. Oracle Receivables
C. Oracle General Ledger
D. Oracle E-Business Tax
E. Oracle Subledger Accounting
Answer: E
Question: 44 ABC Corp. has
a requirement that all budget entries are made through journals. Identify one
choice where this can be accomplished.
A. Ledger setup
B. Journal types
C. Journal sources
D. Journal categories
E. Budget organizations
Answer: A
Question: 45 The GL
accountant has defined the budget and wants the assistant accountants to enter
and update the budget. The GL accountant wants this budget to be the default.
What would be your response?
A. If the client wants to do
this, the budget status must be open.
B. If the client wants to do
this, the budget status must be current.
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: 46 You have just
opened the Transactions form. Which field would you see on this form?
A. Company
B. Legal entity
C. Cost center
D. Operating unit
Answer: B
Question: 47 Identify four
required Oracle Credit Management system options. (Choose four.)
A. Territory
B. Legal entity
C. Aging bucket
D. Exchange rate type
E. Default customer credit
classification
F. Data quality management
(DQM) matching rule name
Answer: C, D, E, F
Question: 48 After creating
two new customers, ABC and XYZ, you create and complete an invoice for $105
($100 plus $5 tax) for customer ABC. You print the invoice and realize that you
should have created the invoice for customer XYZ and not for customer ABC. The
accounting for the transaction is posted to the General Ledger (GL). Which is
the best option to correct the situation?
A. Create an adjustment to
the invoice for the entire amount, and then create a negative adjustment to the
account of XYZ.
B. Create an on-account
credit memo for $105 for ABC. Apply the on-account credit memo to the invoice.
Enter and complete the invoice for XYZ.
C. Change the status of the
invoice to incomplete. Change the transaction type of the invoice to a
transaction type that has class equal to credit memo. Complete the invoice.
Enter and complete the invoice for XYZ.
D. From the Navigator, select
Transactions > Credit Transactions. The Credit Transactions form is
displayed; choose your transaction. Click the Credit Balance button, save your
work, and then click the Complete button. Enter and complete the invoice for
XYZ.
Answer: D
Question: 49 Which four
transactions are imported by AutoInvoice? (Choose four.)
A. Invoices
B. Deposits
C. Guarantees
D. Debit memos
E. Credit memos
F. On-account credits
Answer: A, D, E, F
Question: 50 Identify three
profile options that affect the integration of Oracle Receivables with other
Oracle applications. (Choose three.)
A. OM: Item Flexfield
B. EB Tax: Inventory Item for
Freight
C. AR: Application GL Date
Default
D. EB Tax: Invoice Freight as
Revenue
E. AR: Change Customer on
Transaction
Answer: A, B, D
Question: 51 ABC company
and XYZ company are both customers. Last month XYZ company purchased ABC
company. ABC company has hundreds of over-due invoices outstanding. According
to the credit department, the layoffs at ABC, following the merger, are
responsible for the over-due invoices.
Both ABC and XYZ companies
are making frequent requests for reprinted invoices of ABC company. There will
be no new business with ABC company. However, it will take another three months
to respond to the numerous requests for reprinted invoices and ABC company will
continue to be charged late fees. How should you handle the merger of ABC
company and XYZ company in Oracle Receivables during your first month end after
their merger?
A. Inactivate ABC company.
B. Place ABC company on
credit hold.
C. Invoice XYZ company for
the invoices of ABC company.
Answer: B
Question: 52 Your client
has requirements to enter customers, suppliers, and remit-to addresses in
countryspecific formats for the United States, United Kingdom, and Ireland.
Which are the three steps required to set up new flexible address formats in Oracle
Applications? (Choose three.)
A. Creating address style
lookup
B. Creating flexible address
code
C. Setting up the
"Default Address" profile option
D. Assigning address style to
a specific country
E. Setting up flexible
address format in a descriptive flexfield
Answer: A, D, E
Question: 53 Sam, the CFO
of XYZ Company, wants to prepare the annual capital expenditure budget for the
current year with reference to the capital expenditure budget of the previous
year. The capital expenditure budget is subdivided into multiple items, and the
corporate calendar used at XYZ Company has thirteen periods. Which budget rule
must Sam use to minimize the effort.
A. Prior year budget monetary
and prior year budget statistical
B. Prior year actual monetary
and current year budget statistical
C. Prior year budget monetary
and current year budget statistical
D. Current year actual
monetary and current year actual statistical
E. Current year budget
monetary and current year budget statistical
Answer: A
Question: 54 You can define
a credit hierarchy of parties and party relationships to consolidate and
display all credit data for the entire hierarchy in Credit Management. Which
profile option should be set to enable this functionality?
A. HZ: Allow Hierarchy Copy
B. AR: Credit Hierarchy Type
C. OSC: Reporting Hierarchy
D. HR: BIS Reporting
Hierarchy
E. Exchange Protocol: Allow
Hierarchy
Answer: B
Question: 55 All remittance
bank details are created and maintained in _____.
A. Oracle Payables
B. Oracle Purchasing
C. Oracle Receivables
D. Oracle Cash Management
E. Oracle Trade Management
F. Oracle Lease Management
Answer: D
Question: 56 Identify the three applications that create invoices
into Oracle Receivables. (Choose three.)
A. Oracle Loans
B. Oracle Projects
C. Oracle Shipping
D. Oracle Cash Management
E. Oracle Lease Management
Answer: A, B, E
Question: 57 Retail
customers are encouraged to sign up for direct debit form of payment. This
provides the bank with authorization to debit a customers checking account for
either the full amount due or the minimum balance, depending on the option
selected by the customer at the time of enrolling for the direct debit. Which
is the most appropriate receipts solution in Oracle Receivables to directly
address this business need of your client?
A. Implement bills of
exchange.
B. Implement automatic
receipts.
C. Implement credit card
receipts.
D. Implement QuickCash
receipts.
E. Implement AutoLockbox
receipts.
Answer: B
Question: 58 Identify three
tables that can be used to import billing data into Oracle Receivables. (Choose
three.)
A. RA_INTERFACE_LINES_ALL
B. RA_INTERFACE_SALES_ALL
C. RA_INTERFACE_HEADERS_ALL
D.
RA_INTERFACE_SALESCREDITS_ALL
E.
RA_INTERFACE_DISTRIBUTIONS_ALL
Answer: A, D, E
Question: 59 Select three
statuses of the consolidation workbench. (Choose three.)
A. Posted
B. Entered
C. Exported
D. Reversed
E. Transferred
Answer: A, D, E
Question: 60 Your client
has sales tax requirements that involve two types of sales tax. The first sales
tax applies to all customers. The second sales tax is based on where the
company ships the goods. All goods are taxable; however some customers who
resell the goods are exempted from the second sales tax. Choose three
applicable options to set up sales tax for your client. (Choose three.)
A. Tax classification code
for exempt tax
B. Item exemptions for both
sales taxes
C. Customer exemptions for
the first sales tax
D. Customer tax exemptions
for the second sales tax
E. Tax group for the
combination of the two tax classification codes
Answer: A, D, E
Question: 61 Which table
stores information about contingencies that impact revenue recognition for
imported transactions?
A. RA_INTERFACE_LINES_ALL
B. AR_INTERFACE_CONTS_ALL
C. RA_INTERFACE_ERRORS_ALL
D.
RA_INTERFACE_SALESCREDITS_ALL
E.
RA_INTERFACE_DISTRIBUTIONS_ALL
Answer: B
Question: 62 ABC Enterprise
has operations in the US and its headquarters in the UK. They share the same
chart of accounts, accounting calendar, accounting method, and ledger-processing
options. UK management requires reporting on receivables from its US operations
in GBP each month. Identify the best option for the US operations to report to
their parent.
A. Create an account-level
reporting currency.
B. Create a subledger-level
reporting currency.
C. Create a journal-level
reporting currency for every transaction.
D. Create a balance-level
reporting currency and run general ledger translation.
Answer: B
Question: 63 Several fields
are required during manual invoice entry. Which are the fields required at the
header level?
A. Date, customer, source,
type, GL date, legal entity
B. Date, legal entity,
bill-to, source, type, class, remit-to
C. Terms, date, bill-to,
source, legal entity, type, remit-to
D. Date, customer, source,
type, General Ledger (GL) date, class
E. Date, source, class, type,
GL date, legal entity, bill-to, terms, remit-to
Answer: E
Question: 64 Horizon Real
Estate Company usually issues rent invoices to its tenants at the beginning of
every quarter. It recognizes the monthly rent revenue on the first day of each
month. However, some tenants are required to make the monthly rent payments in
two installments, that is on the15th and the last day of the month. Which two
statements are correct about the possible solutions for this business
requirement? (Choose two.)
A. Payment term can be set to
defer the monthly rent revenue.
B. Invoicing rules can be set
to defer the monthly rent revenue.
C. Accounting rules can be
set to defer the monthly rent revenue.
D. Payment term can be set to
allow customers to make payments in two installments.
E. Invoicing rules can be set
to allow customers to make payments in two installments.
F. Accounting rules can be
set to allow customers to make payments in two installments.
Answer: C, D
Question: 65 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: 66 Which three
data elements default from transaction type in Oracle Receivables? (Choose
three.)
A. Legal entity
B. Accounting
C. Sales person
D. Transaction numbering
E. Payment terms (if not set
at the customer level)
Answer: A, B, E
Question: 67 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: 68 To define the
primary ledger, which account is always required?
A. Suspense account
B. Retained earnings account
C. Realized profit/loss
account
D. Unrealized profit/loss
account
E. Reserve for encumbrance
account
F. Entered currency balancing
account
Answer: B
Question: 69 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: 70 Your client is
in the process of closing its first year-end. The client completed the
accounting cycle and found that several income statement accounts have a
remaining balance. What would be the likely cause of these remaining balances?
A. Natural accounts were
defined as parent values.
B. Natural accounts were
defined to not allow posting.
C. Natural accounts were
defined with an incorrect account type.
D. Natural accounts were
defined to store both statistical and monetary values.
Answer: C
Question: 71 BC Corporation
wants to use one ledger for its many subsidiary companies that will share the
global chart of accounts structure and the corporate accounting calendar. The
controller is concerned about users charging the wrong company when entering a
journal entry. Which setup would address the controller''s concern?
A. Cross-validation rules
ensure that the proper code combinations are used.
B. Segment security rules
prevent users from seeing companies that they are not supposed to see.
C. Journal approval ensures
that journal entries are correct and approved before they can be posted.
D. Suspense posting ensures
that when there are unbalanced entries, the system would make it balanced.
E. Intercompany accounting
ensures that if a wrong company is used, at least intercompany accounting
entries would be created.
Answer: B
Question: 72 Your client
has operations in two countries: Company 01 is located in Chicago and Company
02 is located in London. Both companies share the same calendar but have a
different chart of accounts. Your client requires a summary of transactions
from both companies. Which three actions must be considered when defining the
consolidation process for your client? (Choose three.)
A. Defining an elimination
set to include a group of related elimination entries
B. Defining mapping rules to
map Company 01 and Company 02 to Company 90
C. Selecting the transaction
method for transferring data from Company 01 to Company 90
D. Defining a consolidation
process using the Global Consolidation System by defining Company 90 as a
parent to consolidate data from Company 01 and Company 02
Answer: A, B, D
Question: 73 Your
functional end users are perplexed by the contents of the AutoInvoice Execution
report. They needed expert guidance and came to you. You look at the report and
see that the Interface
Lines section of the report
shows the following:
Selected: 9
Successfully Processed: 8
Failed Validation: 0
What is the likely reason for
this?
A. An adjustment update of an
old invoice is included in this batch.
B. The General Ledger (GL)
code combination ID failed the cross validation rules.
C. A debit memo for an
invoice and the invoice itself are submitted in the same batch and the debit
memo is selected first.
D. A credit memo for an
invoice and the invoice itself are submitted in the same batch and the credit
memo is selected first.
E. The GL code combination
segment value for the cost center was valid in the prior calendar month but is
end-dated a day earlier.
Answer: D
Question: 74 Jack is
implementing Oracle General Ledger for ABC Corporation. The management wants
the definition of data access set with full ledger access set type for its four
ledgers/ledger sets as
shown here:
Balancing Segment Value Data
Access Set Type
Ledger/Ledger Set Balancing
Segment Value Privileges
ABC Services All Read and
Write
ABC Operations 01 Read-Only
ABC Operations 20 (Parent of
child values 21-29) Read and Write
ABC Global Industries Ledger
Set All Read and
Write Select two correct
statements in this scenario. (Choose two.)
A. Users can only view the
existing data in ABC Operations for the balancing segment value 01.
B. Users have read-only
access to the data in some balancing segment values in the ledger set, ABC
Global Industries.
C. Users have read and write
access to the data in some balancing segment values in the ledger set, ABC
Global Industries.
D. Responsibilities using
this data access set will have read and write access to the data in ABC
Services and all its balancing segment values.
Answer: A, D
Question: 75 Identify two
correct statements about Oracle Receivables. (Choose two.)
A. AutoAccounting is only
used for the imported transactions.
B. Errors in the AutoInvoice
are sent to the Interface Exceptions table.
C. Receivables transactions
cannot be changed after they are printed.
D. Receipt accounting can be
transferred after the receipts are entered and saved.
E. Transfer to General Ledger
can transfer transaction accounting entries after the transactions are entered
and saved.
Answer: B, D
Question: 76 Symba
Manufacturing International has a requirement to match Cost of Goods Sold
(COGS) and Revenue. They have asked your help in implementation. In this
context, which two dependencies and interactions are true? (Choose two.)
A. Cost Management performs
COGS recognition (or Cost Accounting).
B. Cost Management integrates
with Oracle Receivables for invoice creation.
C. Cost Management integrates
with Oracle Receivables for revenue information.
D. Cost Management provides
order and return information to Oracle Receivables.
E. Cost Management notifies
Oracle Receivables when an order is closed without billing.
Answer: A, C
Question: 77 For
transaction-related activities such as adjustments and discounts, Receivables
derives the balancing segment value from the _____ account that is associated
with the transaction.
A. Revenue
B. Receivables
C. Unapplied cash
D. Unearned revenue
E. Unbilled receivables
F. Earned and unearned
discounts
Answer: B
Question: 78 Select two
steps that are NOT elements of creating a Financial Statement Generator (FSG)
report in Oracle General Ledger (Choose two.)
A. Attach the fiscal
calendar.
B. Define rows and columns.
C. Build a report by using
rows and columns.
D. Specify the default ledger
for ledger sets.
E. Determine which rows and
columns make up your report.
Answer: A, D
Question: 79 Which
statement is correct about the differences between the functionalities of
parent accounts and summary accounts?
A. Summary accounts cannot be
used in budget formulas, whereas parent accounts can be used in budget
formulas.
B. Summary accounts speed up
the posting process, whereas parent accounts require additional time for the
Posting process.
C. Summary accounts use the
summing segment type for MassAllocations, whereas parent accounts use the
looping segment type.
D. Summary account balances
can be viewed in the Account Inquiry form, whereas parent account balances
cannot be viewed in that form.
E. Summary accounts slow down
the generation of Financial Statement Generators, whereas parent accounts help
generate quicker results.
Answer: D
Question: 80 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: 81 Choose three
tables that will be populated when the Journal Import process is run with the
option to post set as "Yes." (Choose three.)
A. GL_JE_LINES
B. GL_JE_BATCHES
C. GL_JE_HEADERS
D. GL_JE_SOURCES
E. GL_IMPORT_REFERENCES
Answer: A, B, C
Question: 82 AutoLockbox
uses attributes to identify a customer for each AutoLockbox receipt. Which five
attributes for AutoLockbox are used to identify the customer? (Choose five.)
A. MICR number
B. Customer number
C. Sales order number
D. Receipt number (which is
often the check number)
E. Transaction number using
the auto associate option
F. Balance forward bill
number using the auto associate option
Answer: A, B, C, E, F
Question: 83 All manual
journal entries are defaulting to a non-current period. Which step was omitted
from the accounting cycle?
A. Updating the period
B. Posting journal entries
C. Consolidating financials
D. Reversing journal entries
E. Translating foreign
balances
Answer: A
Question: 84 XYZ Company is
implementing Oracle at its headquarters in the US. It has operations in
Australia, the UK, and Chin a. 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: 85 Transaction
numbering is set up using _____.
A. System options
B. AutoAccounting
C. Transaction types
D. Transaction sources
Answer: D
Question: 86 The
organization that Receivables uses to validate items is set up using _____.
A. The AR: Items Flexfield
Mode profile option
B. The AR: Allow Manual
Invoice Lines profile option
C. The AR: Item Validation
Organization profile option
D. Item validation
organization in the OM Parameters window
Answer: D
Question: 87 Jane, the GL
accountant, says that she had heard about the budget upload functionality of
Oracle General Ledger and had been eager to test it. However, she was unable to
test it in the Conference Room Pilot (CRP) instance. What would be your explanation?
A. The GL period is closed.
B. The budget status may be
frozen.
C. The GL account code
combination is invalid.
D. Budget journals are
required at the ledger level.
E. The budget dates in the
budget organization have a different date range.
Answer: D
Question: 88 You want an
invoice to be due in four stages. What should you do when creating the invoice
to accomplish this?
A. Assign an invoicing rule
with four schedules.
B. Assign an accounting rule
with four schedules.
C. Assign payment terms that
have four payment schedules.
D. Assign payment terms that
have four discount periods defined.
E. Create four lines and
assign different payment terms to each line.
Answer: C
Question: 89 The
Receivables QuickCash functionality enables you to_____.
A. Apply receipts at invoice
line level
B. Apply receipts using Mass
Apply window
C. Apply receipts at invoice
header level only
D. Create adjustments and
chargebacks for debit items with applied receipts
Answer: C
Question: 90 You mail your
customer John Doe an invoice for $1000 for the supplies he ordered. John has
the option of making his payment either by check or by credit card. John elects
to use his credit card. This receipt is identified as a(n) _____ .
A. Manual receipt
B. Automatic receipt
C. Quickcash receipt
D. Autolockbox receipt
E. Miscellaneous receipt
Answer: B
Question: 91 For any
scoring model, you can define a set of automation rules to guide the
implementation of credit decisions without user intervention. Under what
situation are automation rules preferred?
A. When credit risk defined
by an enterprise''s policies is high
B. When credit risk defined
by an enterprise''s policies is minimal
C. When credit risk defined
by an enterprise''s policies is unrated
D. When credit risk defined
by an enterprise''s policies is moderate
Answer: B
Question: 92 Select two
statements that are correct for the secondary tracking segment. (Choose two.)
A. Only the natural account
segment or the balancing segment can be specified as the secondary tracking
segment.
B. Any segment that is
specified as the secondary tracking segment also must be specified as the
management segment.
C. Any segment, except the
natural account segment or the balancing segment, can be specified as the
secondary tracking segment.
D. This segment will be
paired with the balancing segment when generating account balances for retained
earnings account, unrealized gains or losses account, and the cumulative
translation adjustment account.
E. This segment will be
paired with the natural account segment when generating account balances for
retained earnings account, unrealized gains or losses account, and the
cumulative translation adjustment account.
Answer: C, D
Question: 93 You have the
following information: The Accounting flexfield structure is "company,
department, product, account." Product has two rollup groups: domestic and
international.
Department has one rollup
group: manufacturing. All accounting flexfield segment values can use
alphanumeric characters. Which summary account template would Oracle General
Ledger fail to create?
(D: Detail)
(T: Total)
A. T-T-T-T
B. T-D-D-D
C. D-D-D-D
D. D-T-domestic-D
E. D-manufacturing-D-T
F.
T-manufacturing-international-D
Answer: C
Question: 94 Which form can
you use to set up automatic transaction numbering?
A. Profile Options
B. System Options
C. Transaction Types
D. Transaction Sources
Answer: D
Question: 95 Which two are
true about elimination? (Choose two.)
A. You can define balancing
options for eliminating entries.
B. You can define an
elimination set to contain one elimination entry.
C. Currency is an optional
component when defining an elimination set.
D. You must specify an
elimination company in the Elimination Sets window.
Answer: A, B
Question: 96 XYZ Company
uses Oracle General Ledger. They have a practice of loading data from the
legacy systems into the GL_INTERFACE table, from where they import it into
Oracle General Ledger.
They have enabled four
account segments. In the Key Flexfield Segments window, you find that:
Segment 1 corresponds to the
SEGMENT1 column
Segment 2 corresponds to the
SEGMENT2 column
Segment 3 corresponds to the
SEGMENT4 column
Segment 4 corresponds to the
SEGMENT5 column
Identify the columns of the
GL_INTERFACE table with the data that must be populated.
A. Segment 1 in
GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in
GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5
B. Segment 1 in
GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in
GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT3
C. Segment 1 in
GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in
GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5
D. Segment 1 in
GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in
GL_INTERFACE.SEGMENT3, Segment 4 in GL_INTERFACE.SEGMENT4
Answer: A
Question: 97 Journal
source, journal category, balance type, period, and effective date are used to
define the _____ criteria set.
A. AutoPost
B. Mass Allocations
C. Recurring Journals
Answer: A
Question: 98 Identify four
discount basis options available that define how Receivables calculates
discounts. (Choose four.)
A. Gross amount
B. Freight amount
C. Invoice amount
D. Lines only amount
E. Lines and tax amount
F. Lines, freight, and tax
amount
Answer: C, D, E, F
Question: 99 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: 100 Which three
are the benefits of the Currency Rates Manager in Oracle General Ledger?
(Choose three.)
A. You can maintain daily
rates and historical rates more easily.
B. You get improved
efficiency with the help of the spreadsheet interface.
C. You can maintain
consistency among different currency conversion rates.
D. Additional security
ensures that historical rates can be uploaded to closed or future periods only.
E. You can maximize
intercompany imbalances during intercompany eliminations of foreign currency
transactions that are due to exchange rate differences.
Answer: A, B, C
Question: 101 You have the
option to define your own accounting rules in Oracle Subledger Accounting to
meet your implementation''s business requirements by using ______.
A. AutoCash rule sets
B. Application rule sets
C. The accounting methods
builder
D. The Revenue Accounting
Management wizard
Answer: C
Question: 102 You have
Oracle Receivables and Trade Management installed to manage claims. You
discover that one claim is a split claim, that is, half valid and half invalid.
Identify three correct statements about split claims. (Choose three.)
A. The amount of the claim is
split in Receivables.
B. Splits are never shown in
Receivables, they look like one claim.
C. The originating
non-invoice-related claim number would be shown in Receivables with the split
number.
D. When a claim is split in
Trade Management, the information is not immediately updated in Receivables.
E. Claim information is
automatically updated in Receivables when one of the claims is resolved
directly from Trade Management.
Answer: B, D, E
Question: 103 An auditor
has asked you to provide detail that supports the Oracle Payables liability
amount listed on the balance sheet. Which report would best meet the auditor''s
request?
A. Posted Invoice Register
B. Accrual Reconciliation
Report
C. Accounts Payable Trial
Balance
D. Payable Accounting Entries
Report
Answer: C
Question: 104 You are
implementing Oracle Receivables and Oracle Trade Management for claim
investigation. You often need to create chargebacks to handle short payments
and overpayments on invoices sent to your customers. You have a business need
to manually number the chargeback transactions in Oracle Receivables to match a
chargeback case number. What is true about meeting this requirement?
A. Chargebacks in Oracle
Receivables can be manually numbered.
B. Chargebacks in Oracle
Receivables always need to be automatically numbered.
C. Chargebacks in Oracle
Receivables can be manually numbered if the base numbering option of manual is
selected.
D. Chargebacks in Oracle
Receivables need to be automatically numbered only when documentsequencing
option of manual is not selected.
Answer: B
Question: 105 ABC Metal
Corporation has three legal entities that share the same chart of accounts,
accounting calendar, currency, subledger accounting method, and ledger
processing options. They have additional accounting requirements:
1. All legal entities share
the same primary ledger attributes.
2. None of the legal entities
have special requirements to open and close accounting periods independent from
the others.
3. All legal entities engage
in intercompany accounting.
4. For month-end
consolidation purposes, ABC Metal Corporation wants to keep their consolidation
adjustments and elimination entries completely separate from the day-to-day
transactions of their legal entities. Based on these requirements, select two
considerations that are true for the accounting setup. (Choose two.)
A. Specific balancing segment
values must be assigned to each legal entity.
B. Specific balancing segment
values need not be assigned to each ledger.
C. Secondary ledgers cannot
be added for an additional accounting representation.
D. Intercompany accounts must
be defined to use the intercompany accounting feature.
Answer: A, D
Question: 106 Select two
statements that apply to the consolidation. (Choose two.)
A. Transactions entered in
any subsidiaries by using any calendar can be consolidated.
B. Data from any source can
be consolidated as long as it is available on Oracle databases.
C. Only transactions entered
in the functional currency of the parent ledger can be consolidated.
D. Transactions entered in
any currency irrespective of the functional currency of the parent ledger can
be consolidated.
E. Only transactions entered
in any currency other than the functional currency of the parent ledger can be
consolidated.
Answer: A, D
Question: 107 Select two
actions available in Oracle General Ledger. (Choose two.)
A. Deleting posted journals
B. Exporting data to
subsidiary ledgers
C. Importing data from
subsidiary ledgers
D. Consolidating balances in
subsidiary ledgers
E. Consolidating balances
from multiple ledgers
Answer: C, E
Question: 108 Identify
three entities that can become a party in Oracle Trading Community Architecture
(TCA). (Choose three.)
A. An individual customer
B. A personal relationship
C. A business organization
D. A business contact email
E. A business mailing address
F. A business contact
telephone
Answer: A, B, C
Question: 109 The customer
service department identified an order that was shipped and not invoiced.
Identify four potential causes for this occurring. (Choose four.)
A. AutoInvoice was not run.
B. The invoice lacks an
accounting rule.
C. An AutoInvoice validation
error exists.
D. Order Management workflow
is stuck.
E. The order line has a back
order credit hold.
Answer: A, C, D, E
Question: 110 Organizations
have unique credit policies that aid in managing their collections and
establishing relationships with customers. Describe the two dimensions on which
Oracle Credit Management is based. (Choose two.)
A. Various customer credit classifications
B. Various credit review
types identified by collectors
C. Various analysis of prior
billing period and receipt history of customers
D. Various analysis of
customers on the basis of the aging of their outstanding balances
Answer: A, B
Question: 111 In order for
supplementary data sources to be registered in Oracle Bill Presentment
Architecture (BPA), they must be interfaced with which Oracle Application?
A. Oracle Projects
B. Oracle Receivables
C. Oracle Service Contract
D. Oracle Order Management
Answer: B
Question: 112 ABC Company
wants to compare consolidated actuals against consolidated budgeted amounts.
Identify the two steps that must be performed to provide ABC Company with this
information. (Choose two.)
A. Run the Trial Balance report.
B. Execute an online budget
inquiry.
C. Execute an online account
inquiry.
D. Review the Account
Analysis report.
E. Run financial statement
generator reports.
Answer: C, E
Question: 113 The board of
directors of Acme Enterprises decide to float two new ompanies: Acme
Construction and Acme Exports. hey want to implement Oracle General Ledger.
They want to restrict access across these new companies. Only the Vice
President (Finance) must have complete access. Identify two correct statements.
(Choose two.)
A. Create one primary ledger
for Acme Enterprises.
B. Create one primary ledger
for Acme Enterprises, one for Acme Construction, and one for Acme Exports.
C. Create only three data
access sets: one for Acme Enterprises, one for Acme Construction, and one for
Acme Exports.
D. Create one data access set
and provide read and write access to Acme Enterprises, and readonly access to
Acme Construction and Acme Exports.
E. Create four data access
sets: one with read and write access for all companies and the rest with read
and write access for the respective balancing segment values for each company.
Answer: A, E
Question: 114 ABC
Enterprise wants to achieve processing efficiencies in its accounts closing
cycle. It has multiple ledgers and needs to summarize balances across ledgers.
ABC Enterprise is security conscious and wants to restrict user access on
ledgers. All its ledgers share the same chart of accounts and accounting
calendar or period-type combination. Identify which functionality of Oracle
General Ledger serves the need of ABC Enterprise.
A. Ledgers
B. Ledger sets
C. Consolidation
D. Data access sets
E. Balance transfers
Answer: B
Question: 115 A summary
account template is being created to perform a flash inquiry on cash balances
for a chart of accounts consisting of three segments: company, department, and
account. Which combination would result in zero balance?
D = Detail
T = Total
A. T-T-T
B. T-T-D
C. T-D-D
D. D-T-D
E. D-D-D
Answer: A
Question: 116 Identify the
two tasks that you can achieve by using sequential numbering. (Choose two.)
A. Enable sequential invoice
numbers.
B. Enable gapless sequence
numbers.
C. Sequentially number GL and
subledger journal entries.
D. If you use journal- or
subledger-level reporting currencies and when sequences are defined for the
source ledger (such as the primary or secondary ledger), the sequence number
generated for the source ledger is automatically assigned to the reporting
currency journal.
Answer: B, C
Question: 117 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: 118 When you
define an assignment rule in Bill Presentment Architecture, you specify one or
more criteria for content item values. Select the three items contained in each
criterion. (Choose three.)
A. Value
B. Template
C. Condition
D. Attribute name
E. Primary data source
Answer: A, C, D
Question: 119 Identify two
AR transaction types that correspond to the GL category sales nvoice. (Choose
two.)
A. Deposits
B. Guarantee
C. Adjustments
D. Chargebacks
E. On-account credit
F. Miscellaneous transactions
Answer: A, B
Question: 120 XYZ
Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a
weekly calendar and Kuwait uses a monthly calendar. The plan is to close the
Kuwait operations and open a new branch in Bangalore. The Kuwait secondary
ledger will be deleted and the new Bangalore secondary ledger will be added.
Bangalore will use a different chart of accounts from that of Dubai and will
use a weekly calendar. Select two valid statements. (Choose two.)
A. There is no mapping
required from the Dubai ledger to the Bangalore ledger.
B. After adding the Dubai
ledger, the ledger options step must be completed.
C. Deleting the Kuwait ledger
is possible after the accounting setup of the Dubai ledger is complete.
D. If the Kuwait ledger is
disabled, it is still available for historical reporting and manual journal
entries.
Answer: B, D
Question: 121 Identify the
sequence of the steps that are required for performing the accounting setup
from this list.
1. Define accounting options.
2. Define primary ledger.
3. Define legal entities.
4. Assign legal entities to
accounting setup.
5. Complete accounting setup.
6. Define secondary ledgers.
A. 1, 2, 3, 4, 5, 6
B. 3, 4, 2, 6, 1, 5
C. 3, 4, 2, 6, 5, 1
D. 1, 3, 2, 4, 5, 6
Answer: B
Question: 122 While you are
attempting to post entries, you receive this error message: Number of updated
GL_BALANCES rows does not equal the number of rows in the
GL_POSTING_INTERIM_24697 table.
A subsequent SQL script
identifies that duplicates have arisen from a summary template ID. What must
you do?
A. Run the Maintain Summary
Template program because a detail account has been added.
B. Run the Optimizer program
because it would improve the performance of the posting program.
C. Run the Inherit Segment
Values Attribute program because a valid code combination has been preserved.
D. Run the Incremental
Add/Delete Summary Templates program because there has been a change in the
hierarchy structure.
Answer: D
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