Question: 1
You are implementing Oracle Receivables and Oracle Trade Management for claim investigation.
You often need to create chargebacks to handle short payments and overpayments on invoices
sent to your customers. You have a business need to manually number the chargeback
transactions in Oracle Receivables to match a chargeback case number. What is true about
meeting this requirement?
A. Chargebacks in Oracle Receivables can be manually numbered.
B. Chargebacks in Oracle Receivables always need to be automatically numbered.
C. Chargebacks in Oracle Receivables can be manually numbered if the base numbering option
of manual is selected.
D. Chargebacks in Oracle Receivables need to be automatically numbered only when documentsequencing
option of manual is not selected.
Answer: B
Question: 2
ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting
calendar, currency, subledger accounting method, and ledger processing options. They have
additional accounting requirements:
1. All legal entities share the same primary ledger attributes.
2. None of the legal entities have special requirements to open and close accounting periods
independent from the others.
3. All legal entities engage in intercompany accounting.
4. For month-end consolidation purposes, ABC Metal Corporation wants to keep their
consolidation adjustments and elimination entries completely separate from the day-to-day
transactions of their legal entities.
Based on these requirements, select two considerations that are true for the accounting setup.
(Choose two.)
A. Specific balancing segment values must be assigned to each legal entity.
B. Specific balancing segment values need not be assigned to each ledger.
C. Secondary ledgers cannot be added for an additional accounting representation.
D. Intercompany accounts must be defined to use the intercompany accounting feature.
Answer: A, D
Question: 3
Select two statements that apply to the consolidation. (Choose two.)
A. Transactions entered in any subsidiaries by using any calendar can be consolidated.
B. Data from any source can be consolidated as long as it is available on Oracle databases.
C. Only transactions entered in the functional currency of the parent ledger can be consolidated.
D. Transactions entered in any currency irrespective of the functional currency of the parent
ledger can be consolidated.
E. Only transactions entered in any currency other than the functional currency of the parent
ledger can be consolidated.
Answer: A, D
Question: 4
Select two actions available in Oracle General Ledger. (Choose two.)
A. Deleting posted journals
B. Exporting data to subsidiary ledgers
C. Importing data from subsidiary ledgers
D. Consolidating balances in subsidiary ledgers
E. Consolidating balances from multiple ledgers
Answer: C, E
Question: 5
Identify three entities that can become a party in Oracle Trading Community Architecture (TCA).
(Choose three.)
A. An individual customer
B. A personal relationship
C. A business organization
D. A business contact email
E. A business mailing address
F. A business contact telephone
Answer: A, B, C
Question: 6
The customer service department identified an order that was shipped and not invoiced. Identify
four potential causes for this occurring. (Choose four.)
A. AutoInvoice was not run.
B. The invoice lacks an accounting rule.
C. An AutoInvoice validation error exists.
D. Order Management workflow is stuck.
E. The order line has a back order credit hold.
Answer: A, C, D, E
Question: 7
Organizations have unique credit policies that aid in managing their collections and establishing
relationships with customers. Describe the two dimensions on which Oracle Credit Management
is based. (Choose two.)
A. Various customer credit classifications
B. Various credit review types identified by collectors
C. Various analysis of prior billing period and receipt history of customers
D. Various analysis of customers on the basis of the aging of their outstanding balances
Answer: A, B
Question: 8
In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture
(BPA), they must be interfaced with which Oracle Application?
A. Oracle Projects
B. Oracle Receivables
C. Oracle Service Contract
D. Oracle Order Management
Answer: B
Question: 9
ABC Company wants to compare consolidated actuals against consolidated budgeted amounts.
Identify the two steps that must be performed to provide ABC Company with this information.
(Choose two.)
A. Run the Trial Balance report.
B. Execute an online budget inquiry.
C. Execute an online account inquiry.
D. Review the Account Analysis report.
E. Run financial statement generator reports.
Answer: C, E
Question: 10
The board of directors of Acme Enterprises decide to float two new ompanies: Acme Construction
and Acme Exports. hey want to implement Oracle General Ledger. They want to restrict access
across these new companies. Only the Vice President (Finance) must have complete access.
Identify two correct statements. (Choose two.)
A. Create one primary ledger for Acme Enterprises.
B. Create one primary ledger for Acme Enterprises, one for Acme Construction, and one for
Acme Exports.
C. Create only three data access sets: one for Acme Enterprises, one for Acme Construction, and
one for Acme Exports.
D. Create one data access set and provide read and write access to Acme Enterprises, and readonly
access to Acme Construction and Acme Exports.
E. Create four data access sets: one with read and write access for all companies and the rest
with read and write access for the respective balancing segment values for each company.
Answer: A, E
Question: 11
ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has
multiple ledgers and needs to summarize balances across ledgers. ABC Enterprise is security
conscious and wants to restrict user access on ledgers. All its ledgers share the same chart of
accounts and accounting calendar or period-type combination. Identify which functionality of
Oracle General Ledger serves the need of ABC Enterprise.
A. Ledgers
B. Ledger sets
C. Consolidation
D. Data access sets
E. Balance transfers
Answer: B
Question: 12
A summary account template is being created to perform a flash inquiry on cash balances for a
chart of accounts consisting of three segments: company, department, and account. Which
combination would result in zero balance?
D = Detail
T = Total
A. T-T-T
B. T-T-D
C. T-D-D
D. D-T-D
E. D-D-D
Answer: A
Question: 13
Identify the two tasks that you can achieve by using sequential numbering. (Choose two.)
A. Enable sequential invoice numbers.
B. Enable gapless sequence numbers.
C. Sequentially number GL and subledger journal entries.
D. If you use journal- or subledger-level reporting currencies and when sequences are defined for
the source ledger (such as the primary or secondary ledger), the sequence number generated
for the source ledger is automatically assigned to the reporting currency journal.
Answer: B, C
Question: 14
John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates
for the entire company. John had defined the rates for GBP to USD and GBP to Indian Rupee
(INR) only. Sam, the company accountant, is worried that he would not be able to execute
transactions involving USD and INR currencies. What does John say to help Sam?
A. Currency Rates Manager automatically converts all transactions entered in INR to USD.
B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first
and then to USD.
C. Currency Rates Manager automatically performs the calculation between USD and INR on the
basis of cross-rate rules.
D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving
USD and INR currency.
E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving
USD and INR currency.
Answer: C
Question: 15
When you define an assignment rule in Bill Presentment Architecture, you specify one or more
criteria for content item values. Select the three items contained in each criterion. (Choose three.)
A. Value
B. Template
C. Condition
D. Attribute name
E. Primary data source
Answer: A, C, D
Question: 16
Identify two AR transaction types that correspond to the GL category sales nvoice. (Choose two.)
A. Deposits
B. Guarantee
C. Adjustments
D. Chargebacks
E. On-account credit
F. Miscellaneous transactions
Answer: A, B
Question: 17
XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly
calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and
open a new branch in Bangalore. The Kuwait secondary ledger will be deleted and the new
Bangalore secondary ledger will be added. Bangalore will use a different chart of accounts from
that of Dubai and will use a weekly calendar. Select two valid statements. (Choose two.)
A. There is no mapping required from the Dubai ledger to the Bangalore ledger.
B. After adding the Dubai ledger, the ledger options step must be completed.
C. Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is
complete.
D. If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal
entries.
Answer: B, D
Question: 18
Identify the sequence of the steps that are required for performing the accounting setup from this
list.
1. Define accounting options.
2. Define primary ledger.
3. Define legal entities.
4. Assign legal entities to accounting setup.
5. Complete accounting setup.
6. Define secondary ledgers.
A. 1, 2, 3, 4, 5, 6
B. 3, 4, 2, 6, 1, 5
C. 3, 4, 2, 6, 5, 1
D. 1, 3, 2, 4, 5, 6
Answer: B
Question: 19
While you are attempting to post entries, you receive this error message:
Number of updated GL_BALANCES rows does not equal the number of rows in the
GL_POSTING_INTERIM_24697 table.
A subsequent SQL script identifies that duplicates have arisen from a summary template ID.
What must you do?
A. Run the Maintain Summary Template program because a detail account has been added.
B. Run the Optimizer program because it would improve the performance of the posting program.
C. Run the Inherit Segment Values Attribute program because a valid code combination has been
preserved.
D. Run the Incremental Add/Delete Summary Templates program because there has been a
change in the hierarchy structure.
Answer: D
Question: 20
ABC Enterprise has operations in the US (East), the US (West), the US (North), and the US
(South). The US (North) and the US (East) divisions want to have budgetary controls. The US
(West) wants to have journal approvals. ABC Enterprise reports to its parent company in the UK
and the reporting currency is GBP. The scope of implementation is for the US operations. The
currency, chart of accounts, and calendar are the same for all operations. Identify the number of
legal entities and primary ledgers that must be created.
A. 1 and 3
B. 1 and 4
C. 2 and 3
D. 1 and 2
Answer: A
Question: 21
ABC Company in India imports baking equipment from XYZ Company in the US A. There is an
outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the
transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack,
who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion.
Select two correct conclusions arrived upon by Jack. (Choose two.)
A. XYZ Company is not impacted at all by this rate change.
B. XYZ Company has a positive impact by this rate change.
C. ABC Company is not impacted at all by this rate change.
D. ABC Company has a positive impact by this rate change.
Answer: A, D
Question: 22
To create a party paying relationship, the relationship type must be hierarchical and the party type
must be _______.
A. Child
B. Parent
C. Person
D. Organization
E. Person or organization
Answer: D
Question: 23
Select four key system options in Oracle Receivables that are related to customers. (Choose
four.)
A. Default country
B. Receipt method
C. Automatic site numbering
D. Create reciprocal customer
E. Customer credit classification
F. Automatic customer numbering
G. Allow payment of unrelated transactions
Answer: C, D, F, G
Question: 24
Identify two credit memo options that are available in Oracle Receivables. (Choose two.)
A. Tax only
B. Advance
C. Paid freight
D. Invoice lines
E. Paid amount only
Answer: A, D
Question: 25
Which are the three formats in which late charges can be presented to your customers? (Choose
three.)
A. Adjustment
B. Chargeback
C. Debit memo
D. Add-on fees
E. Credit memo
F. Interest invoice
Answer: A, C, F
Question: 26
Select three statements that apply to iReceivables. (Choose three.)
A. It is a Web-based self-service application.
B. It can be used to verify the status of invoices and receipts.
C. It is geared towards call centers, as well as credit and collections departments.
D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request
workflow.
Answer: A, B, D
Question: 27
XYZ Company uses financial statement generator reports to produce profit and loss statements
and balance sheet reports. Occasionally, XYZ Company needs to run a report that is slightly
different from the standard ones that have been created. Identify two types of changes the XYZ
Company can make by using the Row Order feature to accomplish this need. (Choose two.)
A. Adding a new calculation
B. Sorting based on column values
C. Displaying segment values and descriptions
D. Changing how rounding options are performed
Answer: B, C
Question: 28
Identify two reasons why ABC Company would use Oracle Business Intelligence (BIS) as one of
their reporting tools. (Choose two.)
A. Perform ad hoc query, reporting, analysis, and Web publishing.
B. Provide a secured and centralized location to produce and manage point-in-time reports.
C. Executive-level information about earnings per share and current ratios can be obtained.
D. Monitor the business at a high level and obtain performance measures by using business
metrics.
E. Create consolidated reports and perform consolidation for companies that share the same
ledger.
Answer: C, D
Question: 29
What does the concurrent program Automatic Reversal do? (Choose two.)
A. Generates reversals for all journals in a date range
B. Generates reversals for the journal batches that you specify
C. Generates reversal journals for all journal categories that have AutoReverse enabled
D. Generates and posts reversal journals if the journal reversal criteria has the AutoReverse and
AutoPost reversals enabled for the category
Answer: C, D
Question: 30
Which three statements are true about AutoAccounting? (Choose three.)
A. You define AutoAccounting before you enter transactions in Receivables.
B. AutoAccounting does not allow you to override default accounts in the Transactions
Distribution window.
C. AutoAccounting allows you to flexibly define the default account mapping for each segment in
your chart of account structure.
D. AutoAccounting is used to determine default general ledger accounts for manual invoices and
for invoices created by AutoInvoice.
Answer: A, C, D
Question: 31
Select two ways in which you can complete an invoice. (Choose two.)
A. Use the Complete button in the Transactions window.
B. Run the concurrent program Complete Transactions.
C. Select the complete check box in the Transactions window.
D. Use the Complete button in the Transactions Summary window.
E. Select the complete check box in the Transactions Summary window.
F. Ask the technical developer to run a custom PL/SQL program to update all tables.
Answer: A, D
Question: 32
Identify two features of content sets when creating reports using Financial Statement Generator
(FSG). (Choose two.)
A. They are required for profit-and-loss statements.
B. They cannot be added at the time an FSG is run.
C. Content sets provide the ability to add calculations.
D. The ability to override row set definition is provided by content sets.
E. Content sets enable the generation of multiple similar reports in one run.
Answer: D, E
Question: 33
Which three functions can the Create Accounting Program perform? (Choose three.)
A. Creating accrual entries
B. Running the journal import
C. Validating distribution lines
D. Creating accounting entries
E. Transferring data to the interface table
Answer: B, D, E
Question: 34
Which three statements are true about Balance Forward Billing? (Choose three.)
A. Billing date is an optional grouping rule.
B. Billing date value is mandatory when cycle is external.
C. Accept Consolidated Billing Invoices program is available.
D. Print New Consolidated Billing Invoices program is available.
E. It considers both manual transactions and imported transactions.
F. Activity can be consolidated across account sites, or by each billing site.
Answer: B, E, F
Question: 35
Your client wants to report with Financial Statements Generator (FSG) and perform account
inquiry at the summary (business unit) level of the cost center segment. A business unit is a
group of cost centers, and a business unit manager typically has several cost centers under his or
her responsibility. Which option will meet the client's requirements?
A. Defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups
for the parent cost centers; creating FSG based on the rollup groups
B. Defining parent cost centers and a hierarchy of parent/child cost centers; creating summary
accounts based on the parent cost centers; creating FSG based on the parent cost center
values
C. Defining parent cost centers and a hierarchy of parent/child cost centers; defining summary
accounts for the parent cost centers; creating FSG based on the parent cost center values or
summary accounts
D. Defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup
groups for the parent cost centers, and summary accounts; creating FSG based on the parent
cost center values or summary accounts.
Answer: D
Posts
No comments:
Post a Comment