Oracle Apps Finance Testing | Questions and Answers


Oracle Apps Finance Testing | Mock Test

 

1
Auto Cash Rule Sets are defined to
a. Automatically apply receipts to invoices
b. Automatically apply commitments to invoices
c. Automatically apply credit memos to invoices
d. All of the above

Answer : Automatically apply receipts to invoices

2
How many chart of accounts can be mapped to a Ledger
a. Two
b. One
c. Three
d. No Limit

Answer : One

3
What are the various types of balances in GL
a. Actual
b. Encumbrance
c. Budget
d. All of the above

Answer : All of the above

4
What level Sub ledger module data is secured
a. Responsibility
b. Ledger
c. Operating Unit
d. User

Answer : Responsibility

5
Dunning Letters are
a. Statement of Account Covering Letter
b. Invoice Covering Letter
c. Reminder Letters
d. Receipt Covering Letters

Answer : Reminder Letters

6
Oracle general ledger integrates with
a. Payables
b. Receivables
c. Assets
d. All of the above

Answer : All of the above

7
Phases of Auto Invoice program are
a. Pre-grouping
b. Grouping
c. Transfer
d. All of the above

Answer : All of the above

8
To create a customer account credit that isn’t related to a specific invoice we should create
a. On account Debit Memo
b. On account Invoice
c. On Account Commitment
d. On Account Credit Memo

Answer : On Account Credit Memo

9
Voiding a transaction in oracle receivables can be done if
a. If it does not have any activity against it
b. if it has not been processed by the revenue recognition program
c. If it has not been posted to your general ledger
d. All of the above

Answer : All of the above

10
What are the flex field qualifiers which are available for accounting flex field structure
a. Natural account
b. Cost center and Balancing Segment
c. Intercompany
d. All of the above

Answer : All of the above

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