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Question 1:
What is the 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 second segment is defined.
C. More details are provided for retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.
Correct Answer: C
Question 2:
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
Correct Answer: DE
Question 3:
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.
Correct Answer: BDE
Question 4:
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.
Correct Answer: AB
Question 5:
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
Correct Answer: BCD
Question 6:
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)
Correct Answer: ABDE
Question 7:
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
Correct Answer: D
Question 8:
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
Correct Answer: C
Question 9:
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
Correct Answer: D
Question 10:
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
Correct Answer: D
Question 11:
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
Correct Answer: BCD
Question 12:
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
Correct Answer: CE
Question 13:
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
Correct Answer: C
Question 14:
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
Correct Answer: BDE
Question 15:
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.
Correct Answer: A