Which four transactions are imported by AutoInvoice? (Choose four.)
Answer : A,D,E,F
During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in which the batches cannot be deleted. Select three scenarios that would be on the checklist. (Choose three.)
Answer : A,C,E
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.
Answer : A,C,D
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.
Answer : B
XYZ Enterprises, a US-based export firm, has two offices in the US (East) and the US
They use their primary ledger for their US operations, and an additional ledger for management analysis and reporting. They use five segments for their accounting flexfield: company, department, account, product, and future.
Select the minimum number of required flexfield qualifiers that they would be using for the accounting structure. (Choose three.)
Answer : C,D,G
What are the five steps for creating MassAllocation journal entries? (Choose five.)
Answer : A,B,E,F,G
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 _____.
Answer : D
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.)
Answer : A,C
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?
Answer : C,E
ABC company and XYZ company are both customers. Last month XYZ company purchased ABC company.
ABC company has hundreds of over-due invoices outstanding. According to the credit department, the layoffs at ABC, following the merger, are responsible for the over-due invoices. Both ABC and XYZ companies are making frequent requests for reprinted invoices of ABC company. There will be no new business with ABC company. However, it will take another three months to respond to the numerous requests for reprinted invoices and ABC company will continue to be charged late fees.
How should you handle the merger of ABC company and XYZ company in Oracle
Receivables during your first month end after their merger?
Answer : B
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.)
Answer : A,B,E,F
XYZ Company is implementing Oracle at its headquarters in the US. It has operations in
Australia, the UK, and China. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments. All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained.
Identify the number of legal entities to be created and the number of accounting setups.
Answer : D
All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
Answer : A
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.
Answer : A