1) What is a benefit of the secondary tracking segment?
A. Additional security ensures that correct accounts are selected
while entering transactions.
B. The Management segment is enabled automatically when the secondary
segment is defined.
C. More details are provided to retained earnings, cumulative
translation adjustments, and revaluation gains/losses accounts.
Answer:
C
2) Isa Global Inc. is based in the United States with divisions in
Europe and Asia. All journal imports, recurring journals, mass allocations, and
manual journal entries have been posted for their European subsidiary. What is
the next logical step in the period-close process?
A. opening the next period
B. closing the current period
C. revaluing foreign currency balances
D. translating to the functional currency
E. consolidating to the parent set of books
Answer:
C
3) Select two actions that ledger sets permit. (Choose two.)
A. performing variance inquiries
B. being used for mass budgets
C. sending budget balance inquiries
D. viewing account balances for multiple ledgers in one view
E. grouping multiple ledgers that share the same chart of accounts
and calendar
Answer:
D,E
4) Select three activities that must
be performed to complete the setup of the key accounting flexfield.(Choose
three.)
A. Create aliases.
B. Define a value set.
C. Define security rules.
D. Define an account structure.
E. Define valid segment values.
F. Create account combinations.
Answer:
B,D,E
5) Which two statements are true
about the reporting currency in Oracle General Ledger? (Choose two.)
A. It is an integrated extension of a ledger.
B. It replaces multiple reporting currencies.
C. Reporting currencies are the same as secondary ledgers.
D. Reporting currencies cannot have the same chart of accounts,
accounting method, and ledger processing options.
Answer:
A,B
6) Which three activities would use summary accounts? (Choose three.)
A. creating a monthly recurring standard journal entry to amortize
goodwill
B. allocating the total monthly costs of the Information Services
department to other departments
C. estimating a sales commission accrual based on the total of all
product sales for each division
D. formulating a budget for employee benefits in each company based
on the total of all budgeted employee salaries
Answer:
B,C,D
7
) The companys two senior
executives have different budget figures. They want Peter, the GL accountant,
to prepare two current budgets in Oracle Financials and submit budgets to both of
them. What would be your response?
A. It is not possible to have more than one current budget.
B. Whether you can have multiple current budgets depends on the
budget organization.
C. The Require Budget Journal profile option must be set at the
budget level if you want to have multiple current budgets.
D. The Require Budget Journal profile option must be set at the set
of books level if you want to
have
multiple current budgets.
E. The Oracle General Ledger budget functionality supports multiple
current budgets, so there is
no
problem in satisfying this requirement.
Answer:
A
8) Identify the four setup options that control supplier defaults.
(Choose four.)
A. financial options
B. payables options
C. receiving options
D. purchasing options
E. Payables system setup
F. Trading Community Architecture (TCA)
Answer:
A,B,D,E
9) Identify three ways that an invoice can be submitted for
validation. (Choose three.)
A. online by clicking the Validate button in the Invoice Batches
window
B. online by clicking the Validate and Account button in the Invoice
Batches window
C. in batch by submitting the Payables Invoice Validation program
from the Invoice Workbench
D. in batch by submitting the Payables Invoice Validation program
from the Submit Request
window
E. online by selecting either the Validate check box or the Validate
Related Invoices check box in
the
Invoice Actions window
Answer:
A,D,E
10) You are working on an implementation for Accounts Payable for ABC
Inc. Your client has three
requirements:
1.
They want to be able to pay only certain types of suppliers by batch.
2.
Each payment batch must be under $100,000 USD, or the batch automatically gets
canceled
without
user intervention.
3.
Each single payment for a supplier site must be between $10 USD and $10,000
USD, or the
payment
is automatically not issued.
To
meet the above requirements, you perform these steps:
a)
Set up suppliers with pay groups for each type, and use them when running the
payment batch.
b)
Set up the payment batch with Maximum Outlay equal to $100,000 USD.
c)
Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000
USD.
Which
requirements have you met?
A. 2 and 3
B. 1, 2 and 3
C. 1 and 2
D. 1 and 3
Answer:
D
11) Payables lists four seeded payment methods. They are check,
outsourced check, electronic, and
wire.
Choose the correct description for wire.
A. a paper check to print and send to a supplier
B. an EFT, EDI, or XML to the bank of a supplier
C. a funds transfer initiated by contacting the bank and requesting
wire payment to the bank of a
supplier
D. transmission of payment information to an external party, such as
your bank, that prints checks
on
your behalf
Answer:
C
12) With Oracle Cash Management, you can reconcile payments created in
Payables to your bank
statements.
When you reconcile payments using Oracle Cash Management, Cash Management
updates
the status of payments. Select the new status.
A. issued
B. updated
C. negotiable
D. reconciled
Answer:
D
13) Which event reverses an accrual for an item set to accrue on
receipt?
A. paying an invoice
B. delivering goods to a final destination
C. running the Receipt Accruals - Period-end process
D. matching an invoice in Payables to a purchase order
Answer:
D
14) Identify three setup options that are defined in the Financial
Options window. (Choose three.)
A. interest
B. retainage
C. miscellaneous
D. expenses clearing
E. expense AP accrual account
Answer:
B,C,D
15) 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
16) 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
17) Identify the different types of data that can be processed using
the GL Interface. (Choose three.)
A. rates
B. budget
C. vendors
D. statistical
E. intercompany
F. currency codes
Answer:
B,D,E
18) Choose the reason why Tina is unable to view the subledger entries
from Oracle Payables in the
Oracle
General Ledger module. She has run the transfer program that completes
successfully.
A. Journal Import is not submitted.
B. The Journal source is not defined.
C. The Journal category is not defined.
D. Payables is not integrated with General Ledger.
Answer:
A
19)ABC 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
20) Choose three tables that will be populated when the Journal Import
process is run with the option
to
post set as "Yes." (Choose three.)
A. GL_JE_LINES
B. GL_JE_BATCHES
C. GL_JE_HEADERS
D. GL_JE_SOURCES
E. GL_IMPORT_REFERENCES
Answer:
A,B,C
21)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
22) You are implementing Oracle General Ledger at a client site. The
client is based in the US, but
they
have a global presence in many countries and transactions in multiple
currencies. The
implementation
team decides that the Oracle General Ledger multi-currency setup will be a part
of
the
implementation. The client's Chief Financial Officer wants a system that has
these features:
1.
Enter transactions and reports in any currency.
2.
Enter exchange rates online or automatically.
3.
Calculate realized and unrealized gains and losses. IV. Translate actual and
budget balances.
4.
Produce foreign currency financial statements and reports.
Which
requirements can be satisfied with the implementation?
A. 1, 2, and 3 only
B. 1, 2, 3, and 4 only
C. 1, 2, 4, and 5 only
D. All requirements from 1 through 5 can be satisfied.
Answer:
D
23)Identify three statements that
are correct for the multi-currency functionality of Oracle General
Ledger.
(Choose three.)
A. Enter transactions and reports in any currency.
B. Enter exchange rates online and automatically.
C. Translate only actual but not budgeted balances.
D. Translate only budgeted but not actual balances.
E. Use daily, period end, average, and historical rates.
Answer:
A,B,E
24) Which three are the benefits of the Currency Rates Manager in
Oracle General Ledger? (Choose
three.)
A. You can maintain daily rates and historical rates more easily.
B. You get improved efficiency with the help of the spreadsheet
interface.
C. You can maintain consistency among different currency conversion
rates.
D. Additional security ensures that historical rates can be uploaded
to closed or future periods
only.
E. You can maximize intercompany imbalances during intercompany
eliminations of foreign
currency
transactions that are due to exchange rate differences.
Answer:
A,B,C
25) 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
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