Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 8

Identify three setups in Oracle Receivables that control how discounts are calculated. (Choose three.)


Options are :

  • Receipt classes
  • Profile options
  • System options
  • Payment terms
  • Customer profiles

Answer :System options Payment terms Customer profiles

Select four mandatory requirements for creating ledgers in Oracle General Ledger. (Choose four.)


Options are :

  • Operating units
  • Period types
  • Accounting calendar
  • Chart of accounts
  • Currency
  • Accounting method

Answer :Accounting calendar Chart of accounts Currency Accounting method

Which two statements are true about invoicing rules and accounting rules? (Choose two.)


Options are :

  • Invoicing rules and accounting rules have no effect until invoices are paid.
  • If a transaction has an invoicing rule, an accounting rule is also required.
  • Invoicing rules determine when invoices are due. Accounting rules affect how invoices are accounted for.
  • If a transaction has an invoicing rule, an accounting rule is not allowed.
  • Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.
  • If a transaction has an invoicing rule, an accounting rule is optional

Answer :If a transaction has an invoicing rule, an accounting rule is also required. Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.

1Z0-409 Oracle Linux Fundamentals Practice Exam Set 3

Select two correct journal types to be used based on the context provided. (Choose two.)


Options are :

  • Company D wants to track availability of funds against budgets. Use budget journals
  • Company A wants to track floor space and other physical attributes for Mass Allocation. Use encumbrance journals.
  • Company B wants to track floor space and other physical attributes. Use statistical journals.
  • Company E wants to track availability of funds against budgets. Use encumbrance journals.

Answer :Company B wants to track floor space and other physical attributes. Use statistical journals. Company E wants to track availability of funds against budgets. Use encumbrance journals.

AutoAccounting automatically generates accounting flexfields for Receivables transactions. Identify four accounts generated by AutoAccounting. (Choose four.)


Options are :

  • Payable
  • Discount
  • Receivable
  • Freight
  • Tax
  • Revenue

Answer :Tax

AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP. At the end of the year, AB Company restates all its ledgers or balances to report at the headquarters in the US. What is this process called?


Options are :

  • Conversion
  • Translation
  • Revaluation
  • Alteration
  • Observation

Answer :Translation

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

There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional. Which two setup steps are optional? (Choose two.)


Options are :

  • Define AutoCash rule sets
  • Define receipt sources.
  • Define application rule sets.
  • Define receipt classes.
  • Define receipt methods.

Answer :Define AutoCash rule sets Define application rule sets.

Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirement is to restrict three of the analysts from creating chargebacks or adjustments. What would be your advice to ensure compliance with this internal control?


Options are :

  • Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three analysts.
  • Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.
  • Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.
  • Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.
  • Use forms personalization to restrict function access.

Answer :Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.

Choose the correct sequence of the budget accounting cycle in Oracle applications. A) Freeze budgets. B) Define budgets and budget organization. C) Review and correct budgets. D) Report on budgets. E) Enter budget amounts.


Options are :

  • B, E, C, D, A
  • E, A, B, C, D
  • B, E, C, A, D
  • E, D, C, B, A
  • A, B, C, D, E

Answer :B, E, C, A, D

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 4

After creating a number of Financial Statement Generator reports, ABC Company wants a list of the definitions for one specific account. Identify the report that would provide this information.


Options are :

  • FSG Attribute Listing
  • FSG Content Summary Listing
  • FSG Content Set Detail Listing
  • FSG Where Used Report
  • FSG Report Detail Listing

Answer :FSG Where Used Report

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.)


Options are :

  • Funds are in the process of being reserved for the batch.
  • Funds have been reserved for the batch.
  • The journal batch has not been posted.
  • The source is frozen.
  • The journal batch has not been approved

Answer :Funds have been reserved for the batch. The source is frozen.

Identify four steps involved in the setup for late charges. (Choose four.)


Options are :

  • Assigning different policies to your customers
  • Enabling late charges in the Receivables System Options form
  • Indicating if a specific invoice should be exempt from late charges at the transaction level
  • Deriving accounting from transaction type when late charges are in adjustment format
  • Indicating by transaction type if a late charge policy is enforced
  • Enabling late charges in the System Profiles form at the user level

Answer :Assigning different policies to your customers Enabling late charges in the Receivables System Options form Indicating if a specific invoice should be exempt from late charges at the transaction level Indicating by transaction type if a late charge policy is enforced

1Z0-521 Oracle E-Business Suite R12 Oracle Order Managment Set 3

You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a material transaction that was completed on the last business day of the closing period. Select the best option in this situation.


Options are :

  • Opening the subledger to enter the transaction
  • Recording a manual accrual journal in the current period and reversing the journal in the next period
  • Reversing the prior postings and retransferring data from the subledgers
  • Ignoring the transaction in the current period

Answer :Recording a manual accrual journal in the current period and reversing the journal in the next period

Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and ABC South. She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions and journal entries. Identify the right option in the given scenario.


Options are :

  • ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.
  • All balancing segment values will be available to enter transactions and journal entries.
  • ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.
  • ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.
  • No balancing segment values will be available to enter transactions and journal entries.

Answer :All balancing segment values will be available to enter transactions and journal entries.

There are three invoice correction methods: underinvoicing, overinvoicing, and invalid transactions. Which option lists all the correct underinvoicing choices?


Options are :

  • Update invoice, create a debit memo, perform an adjustment
  • Void, delete
  • Void, delete, re-create invoice
  • Update invoice, create a credit memo, create an on-account credit memo, perform an adjustment, refund

Answer :Update invoice, create a debit memo, perform an adjustment

OCA Oracle Database 11g Administrator Certified Associate Set 3

Which two setups are required for customer invoicing? (Choose two.)


Options are :

  • Customer profile classes
  • Lockbox
  • . Customers
  • Remit-to address

Answer :. Customers Remit-to address

Identify two functions the Revenue Accounting Management (RAM) Wizard performs in Oracle Receivables. (Choose two.)


Options are :

  • Adjust sales credits
  • Manage revenue contingrncies
  • Apply receipts
  • Execute the invoicing process
  • Resolve claims

Answer :Adjust sales credits

Company X has three Operating Units: A, B, and C. Each Operating Unit has the MO:Security Access profile option called ABC Security assigned. Operating Unit A has both the MO: Operating Unit profile option and the MO: Default Operating Unit profile option assigned to it. Which statement is true?


Options are :

  • Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.
  • Paul can create transactions for the A, B, and C Operating Units.
  • The profile option did not include Operating Unit B and Operating Unit C due to an error by the system administrator.
  • The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.
  • All transactions created by Paul are automatically assigned to the Operating Unit A.

Answer :Paul can create transactions for the A, B, and C Operating Units.

1Z0-208 Oracle Comm Billing & Revenue Mgmt Server Developer Set 2

Your client is implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by the report. Identify three applications that can be reported by the Tax Reporting Ledger. (Choose three.)


Options are :

  • Treasury
  • Receivables
  • Cash Management
  • Payables
  • Purchasing
  • General Ledger

Answer :Receivables Payables General Ledger

ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have a substantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that can be used for uploading data by using Web ADI. (Choose four.)


Options are :

  • Assets data
  • Inventory data
  • Vendors data
  • Customers data
  • Budgets data
  • HRMS data

Answer :Assets data Inventory data Budgets data HRMS data

Which Oracle resource would you use to log, manage, and resolve product-related issues that you encounter in Oracle E-Business Suite Release 12?


Options are :

  • AppsNet
  • AppsWorld
  • Bug Database
  • MetaLink
  • Oracle Technology Network (OTN)

Answer :MetaLink

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 4

Your client occasionally charges sales tax erroneously to some customers. The client's current process involves manually issuing a credit memo to correct the customer's account. Customers routinely deduct the sales tax from the invoice before paying. Identify two steps that can help simplify the clients current process. (Choose two.)


Options are :

  • Define receivables activity of miscellaneous cash with tax accounting distribution.
  • Define receivables activity of adjustment with tax accounting distribution.
  • Set up transaction type for tax adjustment.
  • Set up adjustment approval limits
  • Set up AutoAccounting.
  • Select the TAX: Allow Override of Tax Code profile option.

Answer :Define receivables activity of adjustment with tax accounting distribution. Set up adjustment approval limits

XYZ Enterprises, a US-based export firm, has two offices in the US (East) and the US (West). 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.)


Options are :

  • Department segment
  • Balancing segment
  • Future segment
  • Product segment
  • Cost center segment
  • Natural account segment

Answer :Balancing segment Cost center segment Natural account segment

Your client has requested that you set up a relationship type that would allow any party within the relationship to pay for the accounts of any other party. Identify the relationship group that you would assign your relationship type to, in order to accomplish this.


Options are :

  • Pay all
  • Pay below
  • Pay within
  • Pay parties

Answer :Pay within

1Z0-330 Oracle Fusion Workforce Compensation Cloud Test Set 6

Identify three features of Key Flexfields. (Choose three.)


Options are :

  • Key Flexfields are used as identifiers for entities.
  • A Key Flexfield structure consists of multiple code combinations.
  • Key Flexfields appear as a single-space field enclosed in brackets.
  • The Key Flexfield structure comprises Segments.
  • Each segment of a Key Flexfield usually contains meaningful information.

Answer :Key Flexfields are used as identifiers for entities. The Key Flexfield structure comprises Segments. Each segment of a Key Flexfield usually contains meaningful information.

Select the three options available when creating the Security profile for Multi-Org Access Control. (Choose three.)


Options are :

  • Secure Organizations by Organization list and/or hierarchy
  • View all Organizations
  • Secure by Operating Unit and Inventory Organization
  • Secure by Inventory Organizations
  • Secure by Business Groups

Answer :Secure Organizations by Organization list and/or hierarchy View all Organizations Secure by Operating Unit and Inventory Organization

A debit memo reversal must be utilized to reverse the receipt if_____ .


Options are :

  • Receipt has been reconciled in Cash Management
  • Receipt is a non-invoice-related receipt
  • Receipt has a remitted credit card refund application
  • Receipt has an open claim associated with it

Answer :Receipt has a remitted credit card refund application

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 5

Identify four types of transaction flexfields. (Choose four.)


Options are :

  • Source transaction flexfield
  • Link-to transaction flexfield
  • Reference transaction flexfield
  • Invoice transaction flexfield
  • Key transaction flexfield
  • Line transaction flexfield

Answer :Link-to transaction flexfield Reference transaction flexfield Invoice transaction flexfield Line transaction flexfield

A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?


Options are :

  • 15
  • 3
  • 1
  • 11
  • 12

Answer :3

The data access set with the full ledger access set type defines three ledgers/ledger sets: Full ledger access set type Ledger/ledger set Sets privileges Vision Services read and write Vision Operations read-only Vision Global read-only Which statement is correct?


Options are :

  • Users can only view existing data for the Vision Operations ledger.
  • Users have full read and write access to the Vision Operations ledger.
  • Responsibilities that use this data access set have full read and write access to the Vision Global ledger.
  • Responsibilities that use this data access set have full read and write access to the Vision Global ledger.
  • Responsibilities that use this data access set can only view existing data for the Vision Services ledger.

Answer :Users can only view existing data for the Vision Operations ledger.

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

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