Q1) 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 Interface Data Transformer to transfer data from Oracle Global Consolidation 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
Q) Identify four transaction type 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
Q) 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
Q) 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 contingencies.
Answer) C,E
Q) 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
Q) 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 successfully merged using the Party Merge Funtionality?
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
Q) 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
Q) You created an invoice with one line item of $100 and tax of $10. This line item is credited with an applied credit memo of $50. What is the credit to the tax line?
A) $10
B) $20
C) $1
D) $5
Answer) D
Q) 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
Q) How many data sources views can you register lines data source in Bill Presentment Architecture?
A) Five
B) Nine
C) Seven
D) One
Answer ) D
Q) 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) 3,000
C) 5,000
D) 500
E) 30,000
Answer) E
Q) 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 the 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
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