Tag: technology

Questions Related to technology

XYZ Inc uses manual receipts in its application process. They are reviewing the status of the reciept if it requires remittance. Which status would they look for?
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  1. A. Approved

  2. B. Confirmed

  3. C. Remitted

  4. D. Cleared

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Correct Option: B

__________ rule is used during autoinvoicing
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  1. A. Application Rules

  2. B. Auto Cash Rules

  3. C. Accounting Rule

  4. D. Grouping rule

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Correct Option: D

Your company is establishing policies for correcting invoices entered in error. Which two methods describe valid correction options in Oracle Receivables?
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  1. A. Void invoices posted to the General Ledger in error and create replacement invoices for the correct amount.

  2. B. Update invoices not posted to the General Ledger by incompleting, changing, and recompleting them.

  3. C. Adjust invoices posted to the General Ledger in error by increasing or decreasing the original invoice amounts.

  4. D. Both B and C

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Correct Option: D

Which action do you need to perform in order for Oracle Receivables to enable you to maintain transactions and balances in multiple currencies for the purposes of MRC?
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  1. A.Define currency conversion types.

  2. B.Enable the multicurrency option in the Bank setup window.

  3. C.Associate set of books in the system options window.

  4. D.Assign the primary set of books to the reporting set of books.

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Correct Option: D

Auto Cash Rule Sets are defined to
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  1. A. Automatically apply receipts to invoices

  2. B. Automatically apply commitments to invoices

  3. C. Automatically apply credit memos to invoices

  4. D. All of the above

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Correct Option: A

Which is of the following is a mandatory descriptive Flexfield to be defined before importing simple invoices through Auto Invoice?
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  1. A. Line Transaction Flexfield

  2. B. Link-to Transaction Flexfield

  3. C. Reference Transaction Flexfield

  4. D. None of the above

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Correct Option: A

The purpose of standard memo lines in oracle receivables is to create list of value selections for _____
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  1. A. Adding predefined notes to invoices

  2. B. Entering Goods and services on invoices

  3. C. Entering reason codes on credit memos

  4. D. Entering reason codes on any transactions

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Correct Option: B

ABC Inc needs to restrict the activities that certain responsibilities can perform for cash receipts. What are the options.
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  1. A. View , Enter, Update and delete only

  2. B. View, Enter and Delete only

  3. View, Enter, Maintain and update only

  4. View, Enter, Maintain, update and delete only

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Correct Option: A

Which step is mandatory for processing automatic receipts
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  1. A. Create, Enter and Apply

  2. B. Create, Remit and Process

  3. C. Create , Approve and Format

  4. D. Create, Approve, Format, Confirm and Remit

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Correct Option: C

Which statement is not true about accounting rule
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  1. A. Accounting rule enable you to defer revenue

  2. B. Accounting Rule enables you to define fixed and variable rule to recognize revenue

  3. C. Accounting rule enable you to define the number of periods and precentage of total revenue that you can record in each accounting period

  4. D. Accounting rule enables you to define the number of periods and amount of invoice that you can bill your customer in each accounting period

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Correct Option: D