ABC Corp. has determined its Accounting Key Flexfield structure for the Implementation of Oracle E- Business Suite Release 12. The Accounting Key Flexfield structure contains five Segments: Company, Business Unit, Department, Account,
and Product.
They have the following requirements:
1) The Department values should be based on the Business Units.
2) They want to produce a quarterly Balance Sheet for each Company.
Which three statements are true? (Choose three.)
A. The Product Value Set is dependent on the Accounts.
B. The Business Unit Value Set is defined as Independent.
C. The Account Segment has a Value Set with no Validation.
D. The Company Segment is qualified as the Balancing Segment.
E. The Department Segment Is qualified as an Intercompany Segment.
F. Cross-validation rules are required to enforce dependency of Departments on the Business Units.
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?
A. Use forms personalization to restrict function access.
B. Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.
C. Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.
D. Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.
E. Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three analysts.
Organizations have unique credit policies that aid for managing their collections and establishing relationships with customers. Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)
A. various customer credit classifications
B. various credit review types identified by collectors
C. various analysis of prior billing period and receipt history of customers
D. various analysis of customers on the basis of the aging of their outstanding balances
A user is reconciling transaction balances in the closing process. Why would the user run the Invoice Exceptions Report?
A. to identify unposted transactions
B. to Identify AutoInvoice validation errors
C. to Identify order lines with workflow stuck
D. to identify order lines with a back order credit hold
E. to identify transactions that do not appear In the Aging report
F. to identify transactions that do not appear In the Transaction Register
Identify three purposes for which transaction types can be used. (Choose three.)
A. to record how cash can be applied to transactions
B. to set whether AutoInvoice validates transactions using IDs or values
C. to set whether transactions affect the Accounts Receivable (AR) customer balances
D. to record the accounting flexfield value that would be used for the cash account for transactions
E. to record the accounting flexfield value that would be used for the receivable account for transactions
F. to set transaction numbers to be either assigned automatically or entered manually for transactions
BT Inc. Is Implementing Oracle Accounts Receivable to Interface with an external non-Oracle legacy billing system. The client wants Receivables to generate accounting entries, Instead of sending accounting data through the Interface. Identify four setup items that are used by Receivables to generate the General Ledger (GL) code combinations. (Choose four,)
A. AutoAccounting
B. transaction type
C. accounting rules
D. transaction source
E. customer bill-to site
F. standard memo line
Your client has requirements to enter customers, suppliers, and remit-to addresses In country-specific formats for the United States, United Kingdom, and Ireland.
Which are the three steps required to set up new flexible address formats in Oracle Applications? (Choose three.)
A. creating address style lookup
B. creating flexible address code
C. setting up the "Default Address" profile option
D. assigning address style to a specific country
E. setting up flexible address format in a descriptive flexfield
You want an invoice to be due in four stages.
What should you do when creating the invoice to accomplish this?
A. Assign an invoicing rule with four schedules.
B. Assign an accounting rule with four schedules.
C. Assign payment terms that have four payment schedules.
D. Assign payment terms that have four discount periods defined.
E. Create four lines and assign different payment terms to each line.
Identify three features of a Balancing Entity. (Choose three.)
A. Balance sheets are prepared for a Balancing Entity.
B. A Legal Entity may comprise one or more than one balancing segments.
C. Multiple Balancing Entities within the same Operating Unit structure is not supported.
D. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.
E. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.
View the Exhibit.
While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you are unable to proceed after entering this account combination. What could be the problem in the structure definition of the Accounting Flexfield?
A. The "Freeze Rollup Groups" check box is selected.
B. The "Allow Dynamic Inserts" check box is deselected.
C. The "Freeze Flexfield Definition" check box is selected.
D. The "Cross-Validate Segments" check box is selected.
