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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 111 – (Topic 1)

Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users. One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.

  1. Enable the security on definition by selecting the enable security check box.

  2. Remove the security on definition by deselecting the enable security check box.

  3. Exclude the assign access function for those definitions from the user#39;s responsibility.

  4. Define security rules and specify what actions can be performed by each user or a group of users.

  5. Set up profile options against each user and specify what actions can be performed by each user or a group of users.

    Answer: C

    Question No: 112 – (Topic 1)

    Company K has identified these business requirements for their Payables operations:

    1. All invoices must be part of a batch.

    2. Discounts must be taken in all situations.

    3. Invoices must be numbered by the system.

    4. Accounting entries must be created for all invoice types.

    5. All credit memos above a certain dollar amount must be approved before entry.

    6. Four-way matching is enforced.

      Select the profile option to be configured that will satisfy the above requirements.

      1. AP: Invoice Match

      2. AP: Use Invoice Batch Controls

      3. AP: Enable Invoice Autonumbering

      4. AP: AP Discounts Interface Start Date

      5. AP: Use Invoice Accounting For Credit Memos

Answer: B

Question No: 113 – (Topic 1)

Identify three statements that are true for supplier#39;s bank details. (Choose three.)

  1. Suppliers maintain their bank details.

  2. Bank details are required only for manual check payments.

  3. Bank accounts can be added at any time for a supplier or supplier site.

  4. Payables uses bank account information to generate an electronic payment for a supplier.

  5. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.

Answer: C,D,E

Question No: 114 – (Topic 1)

Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

  1. A segment of different chart of accounts structures can share the same value set.

  2. A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart of accounts structure.

  3. If the same value set is used for two or more chart of accounts structures, the same security rules for that segment cannot be assigned to

    multiple structures.

  4. It is possible to have multiple companies in the same set of books provided that they share the same chart of accounts structure, accounting

    calendar, and reporting currency.

    Answer: A,B

    Question No: 115 – (Topic 1)

    You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?

    1. Review proposed payments.

    2. Print payments.

    3. Create payment instructions.

    4. Select and build proposed payments.

    5. Mark payments as complete.

      A. 4, 2, 1, 5, 3

      B. 4, 1, 3, 2, 5

      C. 2, 4, 1, 3, 5

      D. 5, 4, 1, 2, 3

      Answer: B

      Question No: 116 – (Topic 1)

      Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)

      1. Use the divide evenly rule with the 4/4/4 spread.

      2. Use the divide evenly rule with the 4/5/4 spread.

      3. Use the divide evenly rule with the 5/4/4 spread.

      4. Use the divide evenly rule with the 4/4/5 spread.

Answer: B,C,D

Question No: 117 – (Topic 1)

Which two statements are true about defining payment documents? (Choose two.)

  1. Checks and electronic payments are examples of payment documents.

  2. Credit and debit memos and checks are examples of payment documents.

  3. You can create only one payment document for each internal bank account.

  4. You must create at least one payment document before you can use a bank account to create invoice payments.

  5. Use the Payment Documents window to define payment documents for internal, customer, and supplier bank accounts.

Answer: A,D

Question No: 118 – (Topic 1)

You are on a phased-approach implementation. Payables and Purchasing are being implemented in Phase One, and Assets in Phase Two. Identify three choices in the process for the best way to discuss supplier naming conventions and supplier site naming conventions. (Choose three.)

  1. Agree upon naming conventions.

  2. Gather only the Payables and Purchasing personnel.

  3. Document conventions and obtain the sign-off by authorized approvers later.

  4. Document conventions and obtain the sign-off by authorized approvers immediately.

  5. Gather all interested parties for requirements-including Assets, Payables and Purchasing.

Answer: A,D,E

Question No: 119 – (Topic 1)

Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.

  1. System Options

  2. Financial Options

  3. Code Set Options

  4. Payables Options

  5. Expense Report Payables Options

Answer: E

Question No: 120 – (Topic 1)

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

  1. Tolerances are enforced.

  2. The quantity billed is updated.

  3. The quantity received is updated.

  4. The purchase order accounting information is copied to the invoice.

Answer: B,D

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