Q1) XYZ 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
Q2) A Receipt of $2000 is received for an invoice that has $1500 as the amount due. The remittance advise 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
Q3) 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
Q4) 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
Q5) XYZ 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 back reconciliation accounting entries to General Ledger
Answer: A,D
Q6) Before you can create customer invoices you have to define customer 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. Auto Accounting
C. Transaction Sources
D. Standard Memo Line.
E. System and Profile Options
F. Receivable transaction types.
G. Customer account relationships
Answer: A,B,C,E,F
Q7) Select four values that default from profile classes in Oracle Account s Receivables (Choose Four)?
A. Currency
B. Legal Entity
C. Payment Terms
D. Statement Cycle.
E. Business Purpose
F. Credit Classification
Answer: A,C,D,F
Q8) John 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 Source Form
C. Journal Categories Form
D. Journal Encumbrance Type Form
E. Journal Approval on the ledger setup page.
Answer: B,E
Q9) 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 individuals.
Answer: A,B,C,E
Q10) 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
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