26. Which of the following items is NOT a valid consideration when you need to import legacy data into Oracle General Ledger?
a. Adding new GL columns for data not accommodated by GL
b. Network throughput rate
c. Interfacing legacy tables to Oracle GL tables
d. Working around legacy-system shortcomings
e. Not Applicable
27. Which data element is not present in Oracle General Ledger?
a) Budgets
b) Journal entries
c) Customers
d) Accounts master file
e) Encumbrances
28. What is the initial status of an accounting period in Oracle General Ledger?
a) Future-Entry
b) Open
c) Never Opened
d) Closed
e) Permanently Closed
29. What is the very first step in setting up Oracle General Ledger?
a) Primary Ledger
b) Chart of Accounts
c) Suspense accounts
d) Security rules
e) Cross Validations Rules
30. Which option best describes the function of security rules?
a) They restrict access to a Primary Ledger
b) They restrict access to Account Combinations
c) They restrict access to Segment Values
d) They restrict access to Forms
e) They restrict access to Operating Units
31. Which of the following is not a prerequisite for entering a Primary Ledger?
a) Chart of Accounts
b) Budgetary Control Group
c) Accounting calendar
d) Functional currency
e) Not Applicable
32. How should T be defined in Summary Accounts?
a) Summary account
b) Parent value
c) Child value
d) Rollup group
e) Not Applicable
33. By what entity is the authorization limit for manual journal entry set in Approvals?
a) Position
b) Journal source
c) Journal category
d) Employee
e) User
34. If a journal with four different balancing entities is out of balance, what accounts will be used as balancing accounts?
a) Intercompany account
b) Suspense account
c) Offset account
d) Target account
e) Not Applicable
35. Which one of the following Mass Allocations options usually generates the most journal lines?
a) Constant
b) Looping
c) Summing
d) Total
e) All of the above
36. Which line describes the function of the Journal Import program?
a) Delete Journal entries
b) Modify Journal Entries
c) Import Journal entries
d) Corrects journal entries
e) Not Applicable
37. What of the following choices is not a valid display option in account assignments for row sets?
a. B
b. C
c. E
d. T
e. Not Applicable
38. What do you need to do with bank statement lines that are marked as External?
a. Reverse receipts
b. Need not do anything
c. Create miscellaneous transactions
d. Mark them as Internal afterwards
e. Stop the payments
39. Which of the following statements is true?
a. You cannot purge without archiving
b. You can archive without purging
c. Oracle Cash Management purges Forecasting the open interface automatically
d Oracle Cash Management purges Bank Statements in the open interface automatically
e. Bank statements from production tables can be deleted
40. Cashier has decided to Void the Payment and wants to process the invoice only after talking to the supplier as there is some discrepancy. Which invoice action will be the best choice?
a. None
b. Hold
c. Cancel
d. Stop
e. Release
41. Accounts Payables is integrated with Purchasing and uses Matching options. Which of the following is not possible in Invoice Workbench?
a. Two - Way Matching
b. Three - Way Matching
c. Four - Way matching
d. One - Way Matching
e. None of the above
42. Payables clerk has validated one invoice in Invoice Workbench in Payables module by mistake and does not want this invoice to be paid. Which one of the following is the best option?
a. Cancel the Invoice immediately from invoice workbench
b. Delete the invoice from Payables Application
c. Inform Cashier through mail or inter office correspondence that invoice should not be paid
d. Apply Hold on the invoice immediately
e. Run concurrent program "Reverse Validated Invoice" and select invoice no. as parameter
43. Which of the following is NOT possible while designing Withholding Taxes in Payables?
a. Create Withholding Tax Invoice during Invoice Validation
b. Create Withholding Tax Invoice during Invoice Payment
c. Create Withholding Tax Invoice while saving the invoice
d. All of the above
e. None of the above
44. Oracle payables is set up at the _____ level in a multi org environment?
a. Legal Entity
b. Business Group
c. Operating Unit
d. Inventory Organization
e. HR Organization
45. Which of the following is NOT a valid Invoice Type in Payables Module?
a. Prepayment
b. Post payment
c. Mixed
d. Withholding Tax
e. Debit Memo
46. Where do you assign Ledger to an Asset Book in Assets Module?
a. System Options
b. Asset Category
c. Book Controls
d. Asset Fiscal Years
e. Prorate Conventions
47. Select the sequence of physical inventory counting of assets in FA?
a. Enter Physical inventory data, Run comparison, View Results
b. Run Comparison, View Results, Enter Physical Inventory Data
c. Enter Physical inventory data, View Results, Run comparison
d. View Results, Enter Physical inventory data, Run comparison
e. View Results, Run comparison, Enter Physical inventory data
48. Which of the following is not a valid Asset Book in Fixed Assets module?
a. Corporate Book
b. Tax Book
c. Depreciation Book
d. Budget Book
e. None of the above
49. Among the following, which one is first step in India Localization?
a. Define TDS Sections
b. Supplier Additional Information
c. Regime Registration
d. Tax Names
e. Invoice Tolerances
50. Which of the following is NOT a valid TDS threshold limit in India Localization?
a. Single
b. Cumulative
c. Single and Cumulative
d. Amount Ranges
e. None of the Above
51. BOE Agent is Optional while entering Bill Entry Invoices?
a. Yes
b. No
52. PLA invoices can be updated with Acknowledgement Date after saving PLA entry in PLA invoice window.
a. Yes
b. No
53. Sale Tax Concession Form can be issued immediately after entering and saving Supplier Invoice.
a. Yes
b. No
54. Which of the following information is NOT used by Oracle Assets in India Localization for calculating depreciation as per IT Act?
a. Block of assets
b. Date Placed In Service
c. Date of Acquisition
d. Applicable Depreciation Rate %
e. Depreciation Rate
55. Excise Registers are updated based on ___________ in the Bond Register Setup used for transaction?
a. Transaction Source
b. Transaction Type
c. Transaction Date
d. Transaction Currency
e. Exchange Rate
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Answers:
Those which are blank means I do not know the answers and I leave it to you to find it yourself.
26
27 C
28 A
29 B
30 c
31 B
32
33
34
35 B
36 C
37
38
39
40 B
41 D
42 D
43
44 C
45 B
46 C
47
48 D
49 C
50 D
51
52
53
54 C
55
