Question: 1
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: 2
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: 3
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
Question: 4
What are the five steps for creating MassAllocation journal entries? (Choose five.)
A. Posting journal entries
B. Reviewing journal entries
C. Validating cross-validation rules
D. Freezing the accounting flexfield
E. Generating MassAllocation journals
F. Creating the MassAllocation definition
G. Validating the MassAllocation definition
Answer: A, B, E, F, G
Question: 5
John has created two ledgers: one primary and one secondary. The primary ledger stores
transactional data and the secondary ledger stores only adjustments. The secondary ledger
shares the same chart of accounts, accounting calendar or period-type combination, and
currency as the associated primary ledger. John wants to obtain a complete accounting
representation that includes both transactional data and adjustments while running reports.
Identify the best option.
A. Merge the primary ledger and the secondary ledger, and run reports.
B. Transfer adjustment data from the secondary ledger to the primary ledger while running
reports.
C. Transfer transactional data from the primary ledger to the secondary ledger while running
reports.
D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger
when running reports.
Answer: D
Question: 6
ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data
relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control
enabled, and they have a substantial amount of budget data. They want to upload their data into
Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that
can be used for uploading data by using Web ADI. (Choose four.)
A. HRMS data
B. Assets data
C. Vendors data
D. Budgets data
E. Inventory data
F. Customers data
Answer: A, B, D, E
Question: 7
The GL accountant tells you that to minimize maintenance efforts, disabled account code
combinations must be automatically deleted from the budget organization periodically. At the
same time, if new account code combinations have been defined, these must be automatically
added. What would be your response?
A. The Oracle General Ledger budget functionality cannot satisfy this requirement.
B. If the client wants to do this, customization of Oracle Workflow is the only option.
C. To do this, automatically run the Maintain Budget Organization program periodically.
D. It is possible to automatically add new account code combinations, but disabled accounts must
be deleted manually.
E. It is possible to automatically delete the disabled account code combinations, but new
accounts must be added manually.
Answer: C
Question: 8
Journal creation rules in Subledger Accounting are defined by event type and event class. Identify
the event type associated with the event class of reverse.
A. Invoice
B. Receipts
C. Adjustment
D. Chargeback
E. Transactions
F. Credit memo
G. Bills receivable
Answer: B
Question: 9
Treeline Company is getting ready to complete its month-end process. It needs to create a profitand-
loss statement and wants to use the Financial Statement Generator feature to create the
report. Which two elements are required to create the report? (Choose two.)
A. Row set
B. Report set
C. Workbook
D. Column set
E. Content set
Answer: A, D
Question: 10
Your client is using Oracle Trading Community Architecture (TCA) relationship manager to create
and manage relationships among parties. However, your client is having difficulty understanding
circular relationship types. Select two examples of circular relationships. (Choose two.)
A. Company H is an affiliate of company G.
B. Company A is the parent company of company B and company C.
C. Company J is a subsidiary of company K and company L is a division of company K.
D. Company M is a shareholder of company N and company N is a shareholder of company P.
E. Company D is a competitor of company E, which is a competitor of company F, which in turn is
a competitor of company D.
Answer: A, E
Question: 11
Your client has requested that you set up gapless numbering for its invoices. In your testing, you
realized that the numbers for deleted invoices were missing from the sequence. How would you
prevent that problem?
A. Reuse deleted invoice numbers.
B. Do not allow deletion of invoices.
C. Create a custom report listing deleted invoice numbers.
D. Select Show Deleted Invoice Numbers in your system options.
Answer: B
Question: 12
The accounting setup process in Oracle General Ledger consists of three main steps. (Choose
three.)
A. Update accounting options.
B. Approve accounting options.
C. Complete the accounting setup.
D. Create an accounting setup structure.
Answer: A, C, D
Question: 13
ABC Enterprise closes its books on March 31st. These activities have been identified to be
performed for the closure of books.
1) post
2) translate
3) review
4) consolidate
5) revalue
6) run accounting reports
7) close accounting period
In which order must these activities be performed?
A. 1, 3, 5, 2, 4, 6, 7
B. 5, 2, 3, 1, 7, 4, 6
C. 1, 5, 2, 3, 4, 7, 6
D. 1, 3, 2, 5, 7, 4, 6
Answer: A
Question: 14
The GL accountant tells you that he has defined two budgets. After selecting the budget
organization in the Enter Budget Amounts form, he can select only one budget from the list of
values (LOV). What would be your response?
A. The budget status is current.
B. The last fiscal year of the budget is closed.
C. The first fiscal year of the budget was never opened.
D. Accounts must be reassigned to the budget organization.
Answer: C
Question: 15
There are several setup steps for receipts in Oracle Receivables; some are required whereas
others are optional. Which two setup steps are optional? (Choose two.)
A. Define receipt classes.
B. Define receipt methods.
C. Define receipt sources.
D. Define AutoCash rule sets.
E. Define application rule sets.
Answer: D, E
Question: 16
Your manager has asked you to create a period close process that maximizes the efficiency of
your two staff members and minimizes the number of closing days. Identify two sets of
subledgers that can be closed concurrently. (Choose two.)
A. Payables and Assets
B. Projects and Payables
C. Inventory and Receivables
D. Payables and Receivables
E. Order Management and Projects
Answer: D, E
Question: 17
When you assign a template to a rule in Bill Presentment Architecture, you enter a range of ___.
A. Data sources
B. Transaction types
C. Transaction dates
D. Customer accounts
Answer: C
Question: 18
Ten analysts are assigned the same Receivables responsibility and are given their own logins.
The requirement is to restrict three of the analysts from creating chargebacks or adjustments.
What would be your advice to ensure compliance with this internal control?
A. Use forms personalization to restrict function access.
B. Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.
C. Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.
D. Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.
E. Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three
analysts.
Answer: C
Question: 19
Which three statements are true about mapping rules? (Choose three.)
A. You can define account rules.
B. You can define segment mapping rules.
C. You can modify your rollup rule after it has been saved.
D. You can define segment or account rules, but not a combination of both.
E. You can define segment rules instead of account rules for faster processing.
Answer: A, B, E
Question: 20
All receipts that fail validation during AutoLockbox processing remain in the _____ table.
A. AR_PAYMENT_SCHEDULE
B. AR_PAYMENTS_INTERFACE_ALL
C. AR_INTERIM_CASH_RECEIPTS_ALL
D. AR_INTERIM_CASH_RCPT_LINES_ALL
Answer: B
Posts
No comments:
Post a Comment