Q1) XYZ 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 XYZ 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
Q2) 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
Q3) AutoCash rules apply to _________receipts.
A. Manual.
B. Automatic.
C. Quickcash.
D. Credit Card
E. Direct Debit.
F. Prepayment.
Answer: C
Q4) 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.
Answer: B,C
Q5) An easy methodology to clarify how to define rollup group 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 level of management with in the organization.
Answer : C
Q6) 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 items for Freight.
C. eBtax : Allow Ad Hoc Tax Changes
D. eBtax : Allow Override of customer exemptions.
Answer: C
Q7) 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 quick cash , apply receipts.
Answer: B
Q8) XYZ Corporation is a national company with five divisions that share the same ledger Select the statement that best describes the consolidation process for XYZ Corporation.
A. Transfer data and run financial reports.
B. Enter eliminating journals and run financial reports.
C. Run translations, transfer data, and run financials 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
Q9) The Receipt Inherit Invoice number option affects only receipt created by _____
A. Oracle Cash Management.
B. Oracle Trade Management
C. The AutoLockBox Program.
D. The Automatic Receipts Program.
Answer: D
Q10) Select 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
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment