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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 61 – (Topic 0)

Which four transactions are imported by AutoInvoice? (Choose four.)

  1. invoices

  2. deposits

  3. guarantees

  4. debit memos

  5. credit memos

  6. on-account credits

Answer: A,D,E,F

Question No: 62 – (Topic 0)

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.)

  1. The source is frozen.

  2. The journal batch has not been posted.

  3. Funds have been reserved for the batch.

  4. The journal batch has not been approved.

  5. Funds are in the process of being reserved for the batch.

Answer: A,C,E

Question No: 63 – (Topic 0)

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. (Choose three.)

  1. value

  2. template

  3. condition

  4. attribute name

  5. primary data source

Answer: A,C,D

Question No: 64 – (Topic 0)

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.

  1. invoice

  2. receipts

  3. adjustment

  4. chargeback

  5. transactions

  6. credit memo

  7. bills receivable

Answer: B

Question No: 65 – (Topic 0)

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.)

  1. future segment

  2. product segment

  3. balancing segment

  4. cost center segment

  5. department segment

  6. management segment

  7. natural account segment

Answer: C,D,G

Question No: 66 – (Topic 0)

What are the five steps for creating MassAllocation journal entries? (Choose five.)

  1. posting journal entries

  2. reviewing journal entries

  3. validating cross-validation rules

  4. freezing the accounting flexfield

  5. generating MassAllocation journals

  6. creating the MassAllocation definition

  7. validating the MassAllocation definition

Answer: A,B,E,F,G

Question No: 67 – (Topic 0)

Tina is entering a receipt and she determines that a short payment on a customer#39;s invoice should be considered an invoice deduction. Tina applies the cash to the customer#39;s open invoice, thereby triggering receivables to create a claim in Trade Management. After Tina saves her work, Receivables .

  1. partially applies balance to customer invoice and places the full invoice amount in

    dispute

  2. fully applies customer invoice, thereby creating a chargeback for the remaining invoice balance

  3. fully applies customer invoice, thereby creating a debit memo for the remaining invoice balance

  4. partially applies balance to customer invoice and places the remaining invoice balance in dispute

Answer: D

Question No: 68 – (Topic 0)

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.)

  1. A secondary ledger must be defined for California.

  2. Consolidation can be done by mapping between the California secondary ledger and the Frankfurt secondary ledger.

  3. A new ledger set must be defined, which will group the Frankfurt primary ledger and the California secondary ledger.

  4. The chart of accounts and calendar of the Frankfurt secondary ledger must be the same as that of the California secondary ledger.

Answer: A,C

Question No: 69 – (Topic 0)

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? (Choose two.)

  1. Oracle approval limit can be used to approve or reject the invoices.

  2. Oracle approval limit can be used to approve or reject the credit memos.

  3. Oracle approval limit can be used to approve or reject the adjustment activities.

  4. Oracle Approvals Management (AME) Workflow can be used to approve or reject the invoices.

  5. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.

  6. Oracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.

Answer: C,E

Question No: 70 – (Topic 0)

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?

  1. Inactivate ABC company.

  2. Place ABC company on credit hold.

  3. Invoice XYZ company for the invoices of ABC company.

Answer: B

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