Monday, December 21, 2020
Oracle Procurement Cloud Certification Exam's
Sunday, December 20, 2020
Oracle Fusion Financials Certification
Oracle Fusion Financials Certification
Oracle Fusion Financials Certification |
4 Types of Oracle Fusion Financials Certifications
Oracle Fusion Financials Payables Certification
Which are the three valid invoice line types ?
Options: -
A. Tax
B. Interest
C. Miscellaneous
D. Charges
E. Freight
Answer: A, C & E
Answer Explanation:
Option A: Tax lines that are either generated automatically or entered manually.
Option C: Miscellaneous Other charges on an invoice, such as installation or service. Miscellaneous charges can be allocated to Item lines.
Option E: Freight charges on an invoice. Freight charges can be allocated to Item lines
Reference; Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide Invoice Line Types: Explained
Identify three correct statements about Invoice Approval.
Options: -
A. Invoice approval uses Oracle Approval Management to determine who approves invoices and how they will be routed to different approval levels.
B. You can define different approval rules for purchase order matched and unmatched Invoices.
C. You can NOT define different approval rules for purchase order matched and unmatched invoice.
D. Approval rules can be set up at position, job, and supervisory hierarchy levels depending on approval needs.
E. Invoice approval is required for customer refund payment requests.
Answer: A, C & E
Answer Explanation:
Option A: Oracle Fusion Payables supports automatic invoice approval using Approval Management extensions
(AMX) of the Oracle SOA Suite and the Oracle Business Process Management (BPM) Suite.
Note: Invoice Approval
If you enable invoice approval, Payables uses the predefined task and rule set “FinApInvoiceApproval”: InvoiceApprovalRuleSet, which you can configure.
Question 3
Where is the Expense Clearing Account and Payment Option set up in Expenses?
Options: -
A. Create or Edit Company Account pop-up menu
B. Payables System Options
C. Edit Expenses Systems Options
D. Business Unit System Options
E. Expense Report template
Answer: A
Answer Explanation:
Expense Clearing Account and Payment Option, which are set up in the Create or Edit Company Account popup. This account holds accounting for corporate card transactions temporarily. The account is cleared when the expense reports containing the corporate card transactions are processed by Oracle Fusion Payables.
Question 4
Choose three actions that can be performed from the Accounts Payables dashboard?
Options: -
A. Export to PDF
B. Export to Excel
C. Reorder Columns
D. Reorder Rows
E. Drill Down
Correct Answer: B, C & E
Answer Explanation: NA
What are the three exceptions in the Payables Period Close Exceptions Report?
Options: -
A. Unapplied Prepayments
B. Unaccounted Invoices
C. Open Intercompany Transactions
D. Open Interface Import Errors
E. Incomplete Payment Process Request
Answer: B, C & E
Answer Explanation:
The types of exceptions reported are as follows:
* (B)Unaccounted invoices
* (C) Open intercompany transactions
* (E) Incomplete payment process requests
* Unaccounted payment activity
* Bills payable requiring maturity event and accounting
* Other exceptions
Question 6
Identify three duty roles that are granted to both the Accounts Payable Supervisor and the Accounts Payable Manager.
Options: -
A. Payables Business Intelligence Management Duty
B. Accounts Payable Period Status Review Duty
C. Payables Balance Analysis Duty
D. Business Intelligence Authoring Duty
E. Disbursement Process Management Duty
F. Accounts Payable Period Status Management Duty
Answer: B, D & E
Answer Explanation: NA
Options: -
A. Supplier Name
B. Legal Entity
C. Supplier Number
D. Ledger
E. Party Name
Correct Answer: D & E
Answer Explanation: Parameters
Ledger
Specify the ledger for which to run the report. You may select a primary or secondary ledger, or a reporting currency ledger.
Note: - You can run the Accounts Payable Trial Balance for primary and secondary ledgers, and for reporting currencies. However, the original invoice amount is only provided when the report is run for the primary ledger. The reason is that Payables only stores transaction base amounts in the primary ledger currency.
Business Unit -Specify the business unit for which to run the report or leave blank to include all business units.
Liability Account As-of Date-Specify the date as of which to report the liability account.
Party Name -Enter a party to limit the report to a single supplier or party.
Account From -Select the accounts.
Negative Balances Only Select Yes to limit the output of the report to suppliers with negative balances. The Payables Trial Balance
Report lists and subtotals, by supplier and liability account, all unpaid and partially paid invoices that Payables has transferred to the general ledger. Credit liability amounts are reported as positive amounts, as they represent outstanding balances. Debit liability amounts decrease the outstanding balance.
Oracle Fusion Financials Certification |
Question 8
An invoice is created, paid, and is accounted for. Two adjustments are made to the invoice and validated with the same accounting date.
Which statement is correct?
Options: -
A. A Payment Adjustment Event is created for both adjustments.
B. Only one Payment Adjustment Event is created because the first Payment Adjustment Event has not been accounted.
C. The Payment Adjustment Event created in the first instance will be overwritten by the second.
D. A Payment Adjustment Event is created in the second instance even though the first event had not been accounted.
E. A Payment Adjustment Event is NOT created in both the cases.
Answer: A
Answer Explanation:
Payables creates accounting entries for this event only if the Account for Payment When Payment is Issued option is enabled in the Payables Options window. For payments the accounting date for this event is the payment date. If the payment date is in a closed period, then the GL Date is the first day of the next open period.
Saturday, December 19, 2020
Oracle Cloud General ledger Certification questions
Oracle Cloud General ledger Certification questions
QUESTION 1
The Accounting Manager requests that a schedule be created to automatically post journals from sub ledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
Option's:
A. Journal Category
B. Journal Source
C. Journal Batch
D. Journal Description
Answer: C
QUESTION 2
You are reconciling your sub ledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
Option's:
A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B. Account Analysis Reports
C. Journals Reports
D. Aging Reports
Answer: C
QUESTION 3
What type of user must be defined before you can create an Implementation Project?
Option's:
A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
B. A full-time employee that has the FSM Superuser role assigned
C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
D. Implementation Users
E. All roles that will be used throughout the implementation
Answer: E
QUESTION 4
Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
Option's:
A. Event Type
B. Journal Line Rule
C. Event Class
D. Journal Entry Rule Set
E. Journal Entry
Answer: D
QUESTION 5
Who are the three primary Functional Setup Manager users?
Option's:
A. End Users that perform transaction processing
B. Implementation Project Managers and Consultants
C. System Administrators
D. Application Developers
E. C-Level Executives
Answer: A,B,C
Answer Explanation: http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.html
QUESTION 6
You want to specify Intercompany System Options. Which three factors should you consider?
Option's:
A. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
B. Whether to allow receivers to reject intercompany transactions
C. Automatic or manual batch numbering and the minimum transaction amount
D. Automatic or manual batch numbering and the maximum transaction amount
E. The approvers who will approve intercompany transactions
Answer: A,B,D
QUESTION 7
You need to make decisions about how an application should behave, such as date ranges and defaults. What should you consider before defining Collections Preferences?
Option's:
A. scheduled processes
B. system privileges
C. user application privileges
D. the employees who are involved with the collections process and how the collectors will be assigned
E. customer contact information
Answer: D
Explanation: References: The employees who are involved with the collections process and how the collectors will be assigned
QUESTION 8
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
Option's:
A. Specify Run Time Prompts (RTP).
B. Always use the Outer Point of View (POV).
C. Never use the Outer Point of View (POV).
D. Only specify segment values in formulas.
Answer: D
Answer Explanation: Only specify segment values in formulas to define an allocation rule where segment values are constants for rules and formulas.
QUESTION 9
You want to enter budget data in Fusion General Ledger. Which method is not supported?
Option's:
A. Smart View
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Entering budget Journals
Answer: D
Answer Explanation: Entering budget Journals is not supported to enter the budget data n fusion general ledger.
Friday, December 18, 2020
Oracle Cloud Receivables Certification Dumps
Oracle Cloud Receivables Certification Dumps
QUESTION 1:
Identify the dunning letter template set provided by an application?
Option's:
A. Soft, Regular, Hard
B. Regular, Medium, Hard
C. Final Demand, Soft, Medium
D. Regular, Final Demand, Medium
Answer: C
Answer Explanation: Final Demand, Soft, Medium.
Oracle Cloud Receivables Certification Dumps |
QUESTION 2:
What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
Option's:
A. by Quote Number and time frame
B. by Source Document and time frame
C. by Item and time frame
D. by Customer and time frame
E. by Source Document Line and time frame
Answer: B,C & E
Answer Explanation: 'By Source Document and time frame', 'By Item and time frame' & 'By Source Document Line and time frame'
QUESTION 3
The process of remitting receipts to a bank results in fund transfer errors. Identify three corrective actions to resolve this. (Choose three.)
Option's:
A. receipt reversal
B. clearing payment information
C. credit reversal
D. debit memo reversal
E. change of instrument
Answer: A,B & E
Explanation: References:
QUESTION 4
Your customer has a state tax % and a city tax % as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
Option's:
A. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
B. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
C. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
D. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
E. State tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of
$1,300 USD.
Answer: E
Answer Explanation: State tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
QUESTION 5
Identify two values that default from Customer Profile Classes. (Choose two.) ?
Option's:
A. Business Purpose
B. Statement Cycle
C. Legal Entity
D. Tax
E. Payment Terms
Answer: D,E
Answer Explanation: Tax & Payment Terms defaults from customer profile classes.
QUESTION 6:
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take?
Option's:
A. Business unit is not a required option on the Parameters tab to run the delinquency process.
B. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.
C. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
D. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.
Answer: B
Answer Explanation: Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.
QUESTION 7:
When reversing a receipt, if an adjustment or charge back exists, how are the off-setting adjustments created?
Option's:
A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
C. automatically by using the Adjustment Reversal and Chargeback Reversal activities
D. manually by using Chargeback Reversal activities
E. manually by using Adjustment Reversal activities
Answer: C
Explanation: Automatically by using the Adjustment Reversal and Charge back Reversal activities.
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.
References:
QUESTION 8:
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
Option's:
A. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
B. by defining a grouping rule on the customer class
C. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
D. by defining an item group and assigning that to the rule
E. by defining an exclusion rule to exclude customer classes that are "Retail"
Answer: A
Answer Explanation: By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute.
Oracle Cloud Receivables Certification Dumps |
QUESTION 9
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the Auto Cash rule set.
In which three places is the rule set found? (Choose three.) ?
Option's:
A. System Options
B. Receipt Class
C. Customer Site
D. Receipt Method
E. Customer Account
Answer: C,D & E
Explanation: If transactions cannot be matched or transaction information is not available, Receivables uses the Auto Cash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an Auto Cash rule set assigned to a profile, Receivables uses the Auto Cash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt. References:
Wednesday, December 16, 2020
Free Oracle Cloud Procurement Dumps
Free Oracle Cloud Procurement Dumps
Free Oracle Cloud Procurement Dumps Questions:
Identify three profile options that are available in the 'Manage Purchasing Profile Options' setup and maintenance task ?
Option’s:
A. PO_AGRMT_LOADER_PURGE_DAYS
B. POR_DISPLAY_CATEGORY_ITEM_COUNT
C. PO_DEFAULT_PRC_BU
D. POR_DISPLAY_EBMEDDED_ANALYTICS
E. PO_DOC_BUILDER_DEFAULT_DOC_TYPE
Answer: A, C & E
Answer Explanation: PO_AGRMT_LOADER_PURGE_DAYS, PO_DEFAULT_PRC_BU and PO_DOC_BUILDER_DEFAULT_DOC_TYPE are the three profile options that are available in the 'Manage Purchasing Profile Options' setup and maintenance task.
While creating a Purchase Order, you observe that the system is defaulting Net 30 as the payment term instead of the intended payment term Net 15.
Identify two ways to achieve the desired defaulting ?
Options:
A. Update Net 15 in procurement options and Net 30 for the supplier site.
B. Set net 15 for the supplier site.
C. Set Net 30 for the supplier site and leave the payment term blank in procurement options.
D. Update Net 15 in procurement options and leave the payment term blank for this supplier at all levels.
Answer: B & C
Answer Explanation: Set net 15 for the supplier site & Set Net 30 for the supplier site and leave the payment term blank in procurement options.
When creating a non-catalog requisition, a requester checks the "New Supplier" checkbox. By checking this checkbox, the user is ____ ?
Options:
A. required to execute an ESS (Enterprise Scheduler Service) job to initiate the supplier registration process
B. suggesting a possible new supplier that requires further action by the Buyer and the Supplier Administrator
C. triggering an automated process to intimate a new supplier to register with the user’s company
D. triggering an automated process to create a new supplier
Answer: A
Answer Explanation: Required to execute an ESS (Enterprise Scheduler Service) job to initiate the supplier registration process by checking the "New Supplier" checkbox.
Monday, December 14, 2020
Free Oracle Fusion Certification's Exam Dumps
Free Oracle Fusion Certification's Exam Dumps |
Oracle Fusion Certification's Exam Dump's (Click to Know More)
Last Year Oracle Fusion Certification Dump's (Click to Know More)
Free Oracle Fusion Certification's Exam Dumps |