Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 6

Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank with authorization to debit a customers checking account for either the full amount due or the minimum balance, depending on the option selected by the customer at the time of enrolling for the direct debit. Which is the most appropriate receipts solution in Oracle Receivables to directly address this business need of your client?


Options are :

  • Implement QuickCash receipts
  • Implement credit card receipts.
  • Implement AutoLockbox receipts
  • Implement bills of exchange.
  • Implement automatic receipts.

Answer :Implement automatic receipts.

ABC Enterprise has operations in the US (East), the US (West), the US (North), and the US (South). The US (North) and the US (East) divisions want to have budgetary controls. The US (West) wants to have journal approvals. ABC Enterprise reports to its parent company in the UK and the reporting currency is GBP. The scope of implementation is for the US operations. The currency, chart of accounts, and calendar are the same for all operations. Identify the number of legal entities and primary ledgers that must be created.


Options are :

  • 2 and 3
  • 1 and 4
  • 1 and 3
  • 1 and 2

Answer :1 and 3

1Z0-497 Oracle Database 12c Essentials Certification Exam Set 2

The organization that Receivables uses to validate items is set up using _____


Options are :

  • Item validation organization in the OM Parameters window
  • The AR: Allow Manual Invoice Lines profile option
  • The AR: Items Flexfield Mode profile option
  • The AR: Item Validation Organization profile option

Answer :Item validation organization in the OM Parameters window

Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They needed expert guidance and came to you. You look at the report and see that the Interface Lines section of the report shows the following: Selected: 9 Successfully Processed: 8 Failed Validation: 0 What is the likely reason for this?


Options are :

  • A debit memo for an invoice and the invoice itself are submitted in the same batch and the debit memo is selected first.
  • An adjustment update of an old invoice is included in this batch.
  • The GL code combination segment value for the cost center was valid in the prior calendar month but is end-dated a day earlier.
  • The General Ledger (GL) code combination ID failed the cross validation rules.
  • A credit memo for an invoice and the invoice itself are submitted in the same batch and the credit memo is selected first.

Answer :A credit memo for an invoice and the invoice itself are submitted in the same batch and the credit memo is selected first.

Select four values that default from profile classes in Oracle Accounts Receivable. (Choose four.)


Options are :

  • Statement cycle
  • Credit classification
  • Payment terms
  • Currency
  • Legal entity
  • Business purpose

Answer :Statement cycle Credit classification Payment terms Currency

OCP Oracle Database 11g Administrator Certified Professional Set 1

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 :

  • Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT3
  • Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5
  • Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5
  • Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT3, Segment 4 in GL_INTERFACE.SEGMENT4

Answer :Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

Select three statuses of the consolidation workbench. (Choose three.)


Options are :

  • Transferred
  • Exported
  • Entered
  • Posted
  • Reversed

Answer :Transferred Posted Reversed

What two types of access do you need to be able to run year-end closing journals for all legal entities? (Choose two.)


Options are :

  • Full ledger data access set type that provides read and write access to the ledger
  • The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box
  • Read-only access to the ledgers
  • Read and write access to some of its balancing segment values and management segment values

Answer :Full ledger data access set type that provides read and write access to the ledger The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box

1Z0-409 Oracle Linux Fundamentals Practice Test Set 3

Which three statements are true about Balance Forward Billing? (Choose three.)


Options are :

  • Activity can be consolidated across account sites, or by each billing site
  • It considers both manual transactions and imported transactions
  • Billing date is an optional grouping rule.
  • Accept Consolidated Billing Invoices program is available.
  • Billing date value is mandatory when cycle is external.
  • Print New Consolidated Billing Invoices program is available.

Answer :Activity can be consolidated across account sites, or by each billing site It considers both manual transactions and imported transactions Billing date value is mandatory when cycle is external.

Symba Manufacturing International has a requirement to match Cost of Goods Sold (COGS) and Revenue. They have asked your help in implementation. In this context, which two dependencies and interactions are true? (Choose two.)


Options are :

  • Cost Management provides order and return information to Oracle Receivables.
  • Cost Management integrates with Oracle Receivables for revenue information.
  • Cost Management integrates with Oracle Receivables for invoice creation.
  • Cost Management performs COGS recognition (or Cost Accounting).
  • Cost Management notifies Oracle Receivables when an order is closed without billing.

Answer :Cost Management integrates with Oracle Receivables for revenue information. Cost Management performs COGS recognition (or Cost Accounting).

A summary account template is being created to perform a flash inquiry on cash balances for a chart of accounts consisting of three segments: company, department, and account. Which combination would result in zero balance? D = Detail T = Total


Options are :

  • D-T-D
  • D-D-D
  • T-D-D
  • T-T-D
  • T-T-T

Answer :T-T-T

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 3

Select two statements that apply to the consolidation. (Choose two.)


Options are :

  • Only transactions entered in any currency other than the functional currency of the parent ledger can be consolidated.
  • Transactions entered in any subsidiaries by using any calendar can be consolidated.
  • Data from any source can be consolidated as long as it is available on Oracle databases.
  • Transactions entered in any currency irrespective of the functional currency of the parent ledger can be consolidated.
  • Only transactions entered in the functional currency of the parent ledger can be consolidated.

Answer :Transactions entered in any subsidiaries by using any calendar can be consolidated. Transactions entered in any currency irrespective of the functional currency of the parent ledger can be consolidated.

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 :

  • The budget status is frozen.
  • The Require Budget Journal profile option is set at the set of books level.
  • The budget status is current.
  • The budget year is open.

Answer :The budget year is open.

Journal source, journal category, balance type, period, and effective date are used to define the _____ criteria set.


Options are :

  • None
  • Recurring Journals
  • Mass Allocations
  • AutoPost

Answer :AutoPost

1Z0-982 Oracle Enterprise Planning and Budgeting Cloud Test Set 1

Identify two AR transaction types that correspond to the GL category sales nvoice. (Choose two.)


Options are :

  • Deposits
  • Adjustments
  • Miscellaneous transactions
  • On-account credit
  • Guarantee
  • Chargebacks

Answer :Deposits Guarantee

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 :

  • Oracle Payables
  • Oracle E-Business Tax
  • Oracle Subledger Accounting
  • Oracle General Ledger
  • Oracle Receivables

Answer :Oracle Subledger Accounting

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?


Options are :

  • Invoice XYZ company for the invoices of ABC company.
  • Place ABC company on credit hold.
  • All of the above
  • Inactivate ABC company.

Answer :Place ABC company on credit hold.

1Z0-409 Oracle Linux Fundamentals Practice Test Set 1

Identify the sequence of the steps that are required for performing the accounting setup from this list. 1. Define accounting options. 2. Define primary ledger. 3. Define legal entities. 4. Assign legal entities to accounting setup. 5. Complete accounting setup. 6. Define secondary ledgers.


Options are :

  • 3, 4, 2, 6, 5, 1
  • 1, 2, 3, 4, 5, 6
  • 1, 3, 2, 4, 5, 6
  • 3, 4, 2, 6, 1, 5

Answer :3, 4, 2, 6, 1, 5

Several fields are required during manual invoice entry. Which are the fields required at the header level?


Options are :

  • Date, legal entity, bill-to, source, type, class, remit-to
  • Terms, date, bill-to, source, legal entity, type, remit-to
  • Date, customer, source, type, General Ledger (GL) date, class
  • Date, source, class, type, GL date, legal entity, bill-to, terms, remit-to
  • Date, customer, source, type, GL date, legal entity

Answer :Date, source, class, type, GL date, legal entity, bill-to, terms, remit-to

Identify four required Oracle Credit Management system options. (Choose four.)


Options are :

  • Default customer credit classification
  • Data quality management (DQM) matching rule name
  • Exchange rate type
  • Legal entity
  • Aging bucket
  • Territory

Answer :Default customer credit classification Data quality management (DQM) matching rule name Exchange rate type Aging bucket

OCA Oracle Database 10g Administrator I-1Z0-042 & II-1Z0-043 Set 2

ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing, Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash Management will be implemented. Select three business flows that would involve these products. (Choose three.)


Options are :

  • Click to Order
  • Project to Profit
  • Procure to Pay
  • Demand to Build
  • Order to Cash

Answer :Project to Profit Procure to Pay Order to Cash

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 4

How many data source views can you register for the Lines data source in Bill Presentment Architecture?


Options are :

  • Five
  • Nine
  • One
  • Seven

Answer :One

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 _____.


Options are :

  • Fully applies customer invoice, thereby creating a chargeback for the remaining invoice Balance
  • Partially applies balance to customer invoice and places the remaining invoice balance in dispute
  • Fully applies customer invoice, thereby creating a debit memo for the remaining invoice balance
  • Partially applies balance to customer invoice and places the full invoice amount in dispute

Answer :Partially applies balance to customer invoice and places the remaining invoice balance in dispute

ABC Corp. wants to track and analyze call volumes in its enterprise call centers. Which Daily Business Intelligence product can help achieve this objective?


Options are :

  • Service Contracts Intelligence
  • Interaction Center Intelligence
  • Sales Intelligence
  • Quoting Intelligence

Answer :Interaction Center Intelligence

1Z0-206 Oracle E-Business Suite R12 SystemAdministrator Exam Set 1

ABC Corp. has a requirement to share business documents from its Oracle E-Business Suite Release12 (EBS) instance with external business-to-business (B2B) exchange partners. Select the best method that you would recommend to meet this requirement.


Options are :

  • Use Oracle Applications Framework to integrate with external B2B exchange.
  • Use notification mailer to share the documents with external B2B exchange.
  • Build a workflow process and use Business Event System to integrate it with an external B2B exchange partner.
  • Use the Advanced Workflow Mailer functionality in Oracle E-Business Suite Release 12.
  • Build a workflow process and integrate it with external B2B exchange.

Answer :Build a workflow process and use Business Event System to integrate it with an external B2B exchange partner.

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?


Options are :

  • Accounts must be reassigned to the budget organization.
  • The first fiscal year of the budget was never opened.
  • The last fiscal year of the budget is closed.
  • The budget status is current.

Answer :The first fiscal year of the budget was never opened.

Your customer ABC Inc., has headquarters in San Diego, CaliforniA. The billing function is performed in St. Louis, Missouri. It has a plant in Baltimore, Maryland, a warehouse in Richmond, Virginia, and an assembly line in Nashville, Tennesse. John Thomas, plant supervisor at Baltimore, orders equipment from you to be shipped to the assembly line in Nashville. Later, the assembly line in Nashville will send the equipment to the warehouse in Richmond. Identify the state sales tax to apply to this invoice.


Options are :

  • Maryland
  • Missouri
  • California
  • Tennessee
  • Virginia

Answer :Tennessee

1Z0-330 Oracle Fusion Workforce Compensation Cloud Test Set 2

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.


Options are :

  • Invoice
  • Chargeback
  • Credit memo
  • Transactions
  • Adjustment
  • Receipts

Answer :Receipts

Identify the Receivable interface table into which the receipt information contained in the bank file can be loaded by using a SQL*Loader script.


Options are :

  • AR_INTERIM_CASH_RECEIPTS_ALL
  • AR_PAYMENTS_INTERFACE_ALL
  • AR_INTERIM_PAYMENTS_INTERFACE_ALL
  • AR_INTERIM_CASH_RCPT_LINES_ALL
  • AR_INTERIM_CASH_INTERFACE_ALL

Answer :AR_PAYMENTS_INTERFACE_ALL

When you enter a journal, the journals in that batch _____.


Options are :

  • Must share the same accounting date
  • Can have different periods, currencies, and accounting dates
  • Must share both the same period and currency
  • Must share the same currency
  • Must share the same period

Answer :Must share the same period

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 4

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