Question:1
Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts
have been entered and approved by management. After approval, he wants his assistant
accountants to NOT be able to update this budget. What would be your response?
A. The budget status must be current.
B. Set the budget status to frozen to meet this need.
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:2
XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity
Balancing Segment". What must be defined in order for the General Ledger Transfer process to
execute without error?
A. Gain account
B. Revenue account
C. Expense account
D. Rounding account
E. Suspense account
Answer: E
Question:3
Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)
A. It ensures reapplication of the same rules each time you transfer.
B. IDT provides greater flexibility by performing no validation on the imported data.
C. User-defined conditions enable you to control when transformation rules must be applied.
D. IDT provides automatic data conversion that converts disparate data formats into an Oracle
format.
E. It makes exporting of data from Oracle General Ledger into external feeder systems much
easier and less time consuming.
Answer: A, C, D
Question: 4
What two types of access do you need to be able to run year-end closing journals for all legal
entities? (Choose two.)
A. Read-only access to the ledgers
B. Full ledger data access set type that provides read and write access to the ledger
C. Read and write access to some of its balancing segment values and management segment
values
D. The balancing segment value data access set type that provides read and write access to all
balancing segment values for a ledger by selecting the all values check box
Answer: B, D
Question: 5
Select two features regarding the completion of a successful customer merge in Oracle
Receivables that support ongoing customer data cleansing efforts after go-live. (Choose two.)
A. Customer merge activity can be reversed after the merge process.
B. Bank details for the merge-from customer remains available after the merge process.
C. Duplicate parties are repointed to the surviving party after the customer merge process.
D. Duplicate customers are repointed to the surviving customer after the customer merge
process.
E. Customer sites associated with the old customer or site are associated with the new customer
or site after the customer merge process.
F. Customer transactions or audit transactions details for the merge-from customer remain
available for reprinting after the customer merge process.
Answer: D, E
Question: 6
Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the
current year where the company plans to grow in the last quarter of the year. The capital
expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC
Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the
effort. (Choose three.)
A. Use the divide evenly rule with the 4/4/4 spread.
B. Use the divide evenly rule with the 4/5/4 spread.
C. Use the divide evenly rule with the 5/4/4 spread.
D. Use the divide evenly rule with the 4/4/5 spread.
Answer: B, C, D
Question: 7
BT Inc. is implementing Oracle Accounts Receivable to interface with an external non-Oracle
legacy billing system. The client wants Receivables to generate accounting entries, instead of
sending accounting data through the interface. Identify four setup items that are used by
Receivables to generate the General Ledger (GL) code combinations. (Choose four.)
A. AutoAccounting
B. Transaction type
C. Accounting rules
D. Transaction source
E. Customer bill-to site
F. Standard memo line
Answer: A, B, E, F
Question:8
Your company needs a solution that provides the option of transferring a high volume of customer
receipts from the bank into the Oracle Accounts Receivable system. You do not want the
customers account balance to be affected immediately when the receipts are transferred and
uploaded to the receivables system. Which is the most appropriate receipt creation method to
implement in Oracle Receivables?
A. Cash receipts
B. Manual receipts
C. Automatic receipts
D. Quickcash receipts
E. Miscellaneous receipts
Answer: D
Question: 9
Which relationship group would you assign to allow each party to pay for its own transactions, as
well as the transactions of all parties that are lower in the hierarchy (children, grandchildren, and
so on)?
A. Pay group
B. Pay below
C. Pay without
D. Pay parties
Answer: B
Question: 10
Select two components that are required to create the accounting setup by using Accounting
Setup Manager. (Choose two.)
A. Ledgers
B. Operating units
C. Data access sets
D. Definition access sets
E. Subledger accounting method
Answer: A, E
Question: 11
A debit memo reversal must be utilized to reverse the receipt if_____ .
A. Receipt is a non-invoice-related receipt
B. Receipt has an open claim associated with it
C. Receipt has been reconciled in Cash Management
D. Receipt has a remitted credit card refund application
Answer: D
Question: 12
After creating two new customers, LeftBank and RightSide, you create and complete an invoice
for $105 ($100 plus $5 tax) for LeftBank. You immediately realize that you should have created
the invoice for RightSide. Which three steps can you take to correct the situation? (Choose
three.)
A. Change the status of the invoice to incomplete. Delete the invoice, and then enter and
complete the invoice for RightSide.
B. Change the status of the invoice to incomplete. Change the customer in the invoice to
RightSide. Complete the invoice.
C. Create an adjustment to the invoice for the entire amount, and then create a negative
adjustment to the account of RightSide.
D. Create an on-account credit memo for $105 for LeftBank. Apply the on-account credit memo to
the invoice. Enter and complete the invoice for RightSide.
E. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a
transaction type that has creation sign equal to negative sign. Complete the invoice. Enter and
complete the invoice for RightSide.
Answer: A, B, D
Question: 13
ABC Company is implementing Oracle Financials. The finance manager wants to set up a control
point before the Receivables entries are transferred to General Ledger. Which two statements are
correct about the control mechanisms that Receivables can provide? (Choose two.)
A. Oracle approval limit can be used to approve or reject the invoices.
B. Oracle approval limit can be used to approve or reject the credit memos.
C. Oracle approval limit can be used to approve or reject the adjustment activities.
D. Oracle Approvals Management (AME) Workflow can be used to approve or reject the invoices.
E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit
memos.
F. Oracle Approvals Management (AME) Workflow can be used to approve or reject the
adjustment activities.
Answer: C, E
Question: 14
Choose the correct sequence of events taking place in the data access set setup process.
1. Define a legal entity.
2. Define ledger sets.
3. Define data access sets.
4. Define a secondary ledger.
5. Define a primary ledger.
6. Assign a data access set to responsibilities.
7. Define operating units.
A. 1, 7, 5, 4, 2, 3, 6
B. 1, 2, 3, 4, 5, 6, 7
C. 1, 7, 4, 5, 3, 2, 6
D. 1, 7, 3, 2, 5, 4, 6
Answer: A
Question: 15
ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations
have separate legal and statutory requirements. The tax requirements also differ for each
country. Identify the action you would perform to set up Oracle General Ledger.
A. Create a separate legal entity and accounting setup for each operation.
B. Create one legal entity and three accounting setups for the US, France, and Italy.
C. Create three legal entities for the US, France, and Italy, and one accounting setup.
D. Create three legal entities for each operation. Create one accounting setup for France and
Italy, and one for the US.
E. Create two legal entities: one for France and Italy, and one for the US. Create two accounting
setups: one for France and Italy, and one for the US.
Answer: A
Question: 16
Identify the Receivable interface table into which the receipt information contained in the bank file
can be loaded by using a SQL*Loader script.
A. AR_PAYMENTS_INTERFACE_ALL
B. AR_INTERIM_CASH_RECEIPTS_ALL
C. AR_INTERIM_CASH_INTERFACE_ALL
D. AR_INTERIM_CASH_RCPT_LINES_ALL
E. AR_INTERIM_PAYMENTS_INTERFACE_ALL
Answer: A
Question: 17
Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to
General Ledger?
A. Oracle Assets
B. Oracle Projects
C. Oracle Treasury
D. Oracle Receivables
E. Oracle Property Manager
Answer: C
Question: 18
Your client is implementing Oracle Financials and Order Management. The AR team lead has
heard about the Tax Reporting Ledger and wants to know which subledger modules are used by
the report. Identify three applications that can be reported by the Tax Reporting Ledger. (Choose
three.)
A. Treasury
B. Payables
C. Purchasing
D. Receivables
E. General Ledger
F. Cash Management
G. Order Management
Answer: B, D, E
Question: 19
Select three levels where additional reporting currency representations can be maintained.
(Choose three.)
A. Batch
B. Journal
C. Balance
D. Subledger
Answer: B, C, D
Question:20
Tina is entering a receipt and she determines that a short payment on a customer's invoice
should be considered an invoice deduction. Tina applies the cash to the customer's open invoice,
thereby triggering receivables to create a claim in Trade Management. After Tina saves her work,
Receivables _____.
A. Partially applies balance to customer invoice and places the full invoice amount in dispute
B. Fully applies customer invoice, thereby creating a chargeback for the remaining invoice
Balance
C. Fully applies customer invoice, thereby creating a debit memo for the remaining invoice
balance
D. Partially applies balance to customer invoice and places the remaining invoice balance in
dispute
Answer: D
Question: 22
Computer Operations Inc. has its headquarters in Frankfurt. It uses two ledgers: one for corporate
accounting (primary) and another for statutory reporting (secondary). Both ledgers have different
charts of accounts and accounting calendars but use EUR as the functional currency. It has a
subsidiary in California, which uses its own chart of accounts and the USD currency. Identify two
options by which Computer Operations Inc. can consolidate their global operations. (Choose
two.)
A. A secondary ledger must be defined for California.
B. Consolidation can be done by mapping between the California secondary ledger and the
Frankfurt secondary ledger.
C. A new ledger set must be defined, which will group the Frankfurt primary ledger and the
California secondary ledger.
D. The chart of accounts and calendar of the Frankfurt secondary ledger must be the same as
that of the California secondary ledger.
Answer: A, C
Question: 23
AutoAccounting automatically generates accounting flexfields for Receivables transactions.
Identify four accounts generated by AutoAccounting. (Choose four.)
A. Tax
B. Freight
C. Payable
D. Discount
E. Revenue
F. Receivable
Answer: A, B, E, F
Question: 24
When you change a summary account template funds check level from none to advisory or
absolute, you must _____.
A. Do nothing else (no additional work is needed)
B. Complete the required data on the template for the new funds check level
C. Delete the original template and then re-create it for the appropriate funds check level
D. Change the time period on the template to the earliest period to identify the begin date of the
new funds check level
Answer: C
Question: 25
Choose the correct sequence of the budget accounting cycle in Oracle applications.
A) Freeze budgets.
B) Define budgets and budget organization.
C) Review and correct budgets.
D) Report on budgets.
E) Enter budget amounts.
A. E, D, C, B, A
B. B, E, C, D, A
C. A, B, C, D, E
D. E, A, B, C, D
E. B, E, C, A, D
Answer: E
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