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Q281. Identify four purposes for which the Special Calendar is used. (Choose four.)
A. payment terms
B. recurring invoices
C. Key Indicators Report
D. automatic tax withholding
E. opening and closing payables periods
F. controlling the number of future periods
Q282. Tax on Receivables invoices are posted to different General Ledger (GL) accounts by taxing authorities in your primary ledger. For example, one GL account (2501) for California tax and one (2502) for VirginiA. There is a regulatory requirement for tax on Receivables invoices to be posted to one account (2550) in your secondary ledger. Where would you set up the accounting rules for this requirement?
A. Oracle Payables
B. Oracle Receivables
C. Oracle General Ledger
D. Oracle E-Business Tax
E. Oracle Subledger Accounting
Q283. Identify a correct statement about profile classes.
A. Credit checking is managed in Receivables and Credit Management.
B. Late charge type includes adjustment, debit memo, and interest invoice.
C. Profile classes can be assigned to party, customer account, and account site levels.
D. Profile classes can be assigned at the site level if the site has active bill-to and ship-to address purposes.
E. Profile classes include credit check, credit collector, payment term, statement cycle, and statement-to address.
Q284. AutoCash rules apply to _____ receipts.
D. Credit card
E. Direct debit
Q285. Your client would like a consolidation process to consolidate operations in the UK and US. Your client requires a summary of transactions from both companies. Company 01 is located in Chicago; Company 02 is located in London. Both companies share only the same calendar. Which actions should be considered when defining the consolidation process for your client? (Choose all that apply.)
A. Define mapping rules to map Company 01 and Company 02 to Company 90.
B. Define an elimination set to include a group of related elimination entries.
C. Define a consolidation process using the Global Consolidation System by defining Parent Company 90 to consolidate data from Company 01 and Company 02.
D. Select the transaction method for transferring data from Company 01 to Company 90.
Q286. ABC.com wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year end is March 31. The normal month end is on a Friday, but the last day of each quarter is always on the last day of the quarter's final calendar month. Choose the remaining setup for the calendar to meet the requirement.
A. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month. Define an adjusting period on the last Friday of each quarter.
B. Define 12 monthly periods based on the 4-5-4 calendar ending on the last day of each month. Define an adjusting period on the last day of each quarter.
C. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except for the last month of each quarter ending on the last day of the month. Define an adjusting period for each of the last day of the quarter.
D. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except for the last month of each quarter that falls on the last day of the month. Define four adjusting periods on March 31 of the fiscal year.
E. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month. Define four adjusting periods for March 31 of the fiscal year.
Q287. Identify three modules that can be secured using the Operating Unit in Oracle E-Business Suite Release 12. (Choose three.)
A. Oracle Assets
B. Oracle Payables
C. Oracle Receivables
D. Oracle General Ledger
E. Oracle Cash Management
Which are the next two steps needed to distribute the rent cost to the various departments? (Choose two.)
A. Post the journal.
B. Define and generate MassAllocation.
C. Define the MassAllocation journal.
D. Create manual journal entries for distributing rent.
Q289. After creating a number of Financial Statement Generator reports, ABC.com wants a list of the definitions for one specific account. Which report should be run to provide that information?
A. FSG: Content Set Detail Listing
B. FSG: Report Detail Listing
C. FSG: Where Used Report
Q290. Identify four tasks that you can perform using Oracle Workflow in Oracle E-Business Suite Release 12. (Choose four.)
A. Automate business processes.
B. Generate account code combinations.
C. Approve standard business documents.
D. Send notifications using Advanced Queuing.
E. Generate inventory item numbers using item generator workflow.
F. Integrate with third party business systems that are not on a company network.