Q1) Tax on Receivables Invoices are posted to different General Ledger (GL) accounts by taxing authorities in you 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

Q2) XYZ 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

Q3) The GL accountant has defined the budget and wants the assistant accounts 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


Q4) Identify four required Oracle Credit Management System option (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

Q5) 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

Q6) Identify three profile options that affect the integration of Oracle Receivables with other Oracle Applications (Choose Three)?

A. OM: Item Flexfield
B. EB Tax: Iventory Item for Freigt
C. AR: Application GL Date Default
D. EB Tax: Invoice Freight as Revenue
E. AR: Change Customer on Transaction

Answer: A,B,D

Q7) Your Client has requirements to enter customer, suppliers and remit to addresses in country specific 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

Q8) 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

Q9) Identify the three applications that create Invoice 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

Q10) 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_SALECREDITS_ALL
E. RA_INTERFACE_DISTRIBUTIONS_ALL

Answer: A,D,E


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