The Receipt Inherit Invoice Number option affects only receipts created by _____.Options are :
Identify two correct statements regarding a primary ledger. (Choose two.)
A. Defining a primary ledger is not mandatory.
B. A primary ledger is the main record-keeping ledger.
C. Multiple legal entities can be linked to one primary ledger.
D. Multiple primary ledgers can be linked to one secondary ledger.
E. Multiple primary ledgers are required for one accounting setup always.Options are :
ABC Company's requirement is that all mass allocation journals must be approved by using the
journal approval process. When the company accountant enters his or her mass allocation
journals, these journals must be routed to his or her manager for approval, then to the CFO, and
finally to the CEO for review and final approval. Select the option that would help ABC Company
meet this requirement.Options are :
Select four values that default from profile classes in Oracle Accounts Receivable. (Choose four.)
B. Legal entity
C. Payment terms
D. Statement cycle
E. Business purpose
F. Credit classificationOptions are :
Identify four required Oracle Credit Management system options. (Choose four.)
B. Legal entity
C. Aging bucket
D. Exchange rate type
E. Default customer credit classification
F. Data quality management (DQM) matching rule nameOptions are :
After creating two new customers, ABC and XYZ, you create and complete an invoice for $105
($100 plus $5 tax) for customer ABC. You print the invoice and realize that you should have
created the invoice for customer XYZ and not for customer ABC. The accounting for the
transaction is posted to the General Ledger (GL). Which is the best option to correct the situation?Options are :
Select the setup task that you are required to perform in Receivables to manage tax calculations
on invoices.Options are :
You can define a credit hierarchy of parties and party relationships to consolidate and display all
credit data for the entire hierarchy in Credit Management. Which profile option should be set to
enable this functionality?Options are :
ABC Company in India exports raw materials to XYZ Company in the USA. There is an
outstanding invoice of INR 90,000,000 to be paid in two months. The USD-to-INR rate when the
transaction was completed was 45. Now the USD-to-INR rate has changed from 45 to 40.
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 has a positive impact by this rate change.
B. ABC Company is not impacted at all by this rate change.
C. ABC Company has a positive impact by this rate change.
D. XYZ Company has a negative impact by this rate change.Options are :
AutoLockbox execution employs a multistep process. These steps can be submitted individually or
at the same time from the Submit Lockbox Processing window. Identify the correct sequential
combination of steps that are executed while running the AutoLockbox concurrent process in
Oracle Receivables.Options are :
Your receivables clerk is confused about entering duplicate receipt numbers in Oracle
Receivables. According to the organization's policy, the customers check number is entered as the
receipt number while entering manual check receipts. There are instances when the same check
number is received from different customers. What do you tell your receivables clerk?Options are :
You have just opened the Transactions form. Which field would you see on this form?Options are :
Which three data elements default from transaction type in Oracle Receivables? (Choose three.)
A. Legal entity
C. Sales person
D. Transaction numbering
E. Payment terms (if not set at the customer level)Options are :
When summary account templates are associated with the check-level advisory of budgetary
control funds, which are the two items that must be associated with the template? (Choose two.)
A. The formula must be identified.
B. The currency must be identified.
C. The boundary must be identified.
D. The funding budget must be identified.Options are :
The GL accountant tells you that he is running the tests to check the budget functionality. He says
that the GL period was closed, but he was able to post the budget journal in a closed period. You
check the setup and confirm that the GL period in which he was able to post the budget journal
was closed. What explanation do you give?Options are :
Tax on Receivables invoices are posted to different General Ledger (GL) accounts by taxing authorities in your primary ledger. For example, one GL account (2501) for California tax and one (2502) for VirginiA. There is a regulatory requirement for tax on Receivables invoices to be posted to one account (2550) in your secondary ledger. Where would you set up the accounting rules for this requirement?Options are :
Several fields are required during manual invoice entry. Which are the fields required at the
header level?Options are :
ABC Corp. has a requirement that all budget entries are made through journals. Identify one
choice where this can be accomplished.Options are :
Which statement best describes stages in the credit review process?Options are :
Your client has sales tax requirements that involve two types of sales tax. The first sales tax
applies to all customers. The second sales tax is based on where the company ships the goods.
All goods are taxable; however some customers who resell the goods are exempted from the
second sales tax. Choose three applicable options to set up sales tax for your client. (Choose
A. Tax classification code for exempt tax
B. Item exemptions for both sales taxes
C. Customer exemptions for the first sales tax
D. Customer tax exemptions for the second sales tax
E. Tax group for the combination of the two tax classification codesOptions are :
To define the primary ledger, which account is always required?
Options are :
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 balancesOptions are :
Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle
General Ledger and had been eager to test it. However, she was unable to test it in the
Conference Room Pilot (CRP) instance. What would be your explanation?
Options are :
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.Options are :
XYZ Company uses Oracle General Ledger. They have a practice of loading data from the legacy
systems into the GL_INTERFACE table, from where they import it into Oracle General Ledger.
They have enabled four account segments. In the Key Flexfield Segments window, you find that:
Segment 1 corresponds to the SEGMENT1 column
Segment 2 corresponds to the SEGMENT2 column
Segment 3 corresponds to the SEGMENT4 column
Segment 4 corresponds to the SEGMENT5 column
Identify the columns of the GL_INTERFACE table with the data that must be populated.Options are :
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.Options are :
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 transactionsOptions are :
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.
Options are :
Identify three entities that can become a party in Oracle Trading Community Architecture (TCA).
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 telephoneOptions are :
To create a party paying relationship, the relationship type must be hierarchical and the party type
must be _______.
Options are :