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1. The companys two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials and submit budgets to both of them. What would be your response?
A) The Require Budget Journal profile option must be set at the budget level if you want to have multiple current budgets.
B) Whether you can have multiple current budgets depends on the budget organization.
C) The Require Budget Journal profile option must be set at the set of books level if you want to have multiple current budgets.
D) The Oracle General Ledger budget functionality supports multiple current budgets, so there is no problem in satisfying this requirement.
E) It is not possible to have more than one current budget.
2. Identify three functions that the Create Accounting program provides. (Choose three.)
A) transfers final journal entries in the current batch run to General Ledger
B) applies the application accounting definitions that are created in Accounting Builder (ABM)
C) generates theSubledger Accounting Program Report, which documents the results of the Create Accounting program
D) generates the Posted Journal Report forsubledger journal entries
E) allows you to update final journal entries before the Transfer to General Ledger process is run
F) validates and createssubledger journal entries
3. Select three statuses of the consolidation workbench. (Choose three.)
A) exported
B) entered
C) transferred
D) reversed
E) posted
4. Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to review the situation. Identify what could be causing this problem.
A) The account for gain or loss attribute has not been enabled.
B) Automatic offsets have been set to balancing.
C) The primary accounting method has not been defined.
D) The Payables Accounting Process was not submitted.
E) The base currency has not been defined.
5. Identify two places where you can define a legal entity. (Choose two.)
A) set of books
B) Accounting Setup Manager
C) Legal EntityConfigurator
D) HRMS organization setup
E) data access set
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: A,C,F | Question # 3 Answer: C,D,E | Question # 4 Answer: D | Question # 5 Answer: B,C |
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