Skills Check Questions

Are customer account sites assigned to business units? 1. No. Customer account sites are global 2. Yes. They can be assigned to more than one business unit 3. No. Customer account sites are assigned to legal entities 4.Yes. But only to one business unit

2. Yes. They can be assigned to more than one business unit

Tax Simulator is a tool for simulating the tax determination process using your tax setups. Which statements are true about Tax Simulator (choose two)? 1. The simulated tax calculations affect active data 2. You can create a sample transaction or copy an existing transaction 3. Tax simulator is not helpful in identifying the root cause when calculations do not meet requirements 4.You can test new tax configuration in conjunction with existing tax configuration and preview the resulting tax calculations

2. You can create a sample transaction or copy an existing transaction 4. You can test new tax configuration in conjunction with existing tax configuration and preview the resulting tax calculations

In addition to assigning scoring formulas and strategy formulas and strategy groups by business level, you have flexibility to assign _______ or _______ . 1. Profile class or customer class 2. Business unit or collector 3. Business unit or profile class 4. Profile class or aging method

3. Business unit or profile class

The Functional Setup Manager facilitates initial setup and ongoing maintenance of Cloud applications. Which of the following are Functional Setup Manager Benefits (choose two)? 1. Decentralized setup 2. Page composer tool 3. Centralized setup 4. Guided process

3. Centralized setup 4. Guided process

Before you can define a collector, you need to perform this required step: 1. Enter receivables transactions 2. Define aging methods 3. Create individual as employee 4.Complete dunning configurations

3. Create individual as employee

Value type is an attribute in an account rule that determines how the system finds the account combination, segment value, or value set value. Which is NOT a valid value type? 1. Constant 2. Mapping set 3. Event class 4. Account rule 5.Source

3. Event class

User Preferences include the settings listed below except for: 1. Password 2. Language 3. Favorites 4.Regional

3. Favorites

Which three tasks can be completed by using the Security Console? 1. Personalize the home page for a user. 2. Configure offerings. 3. Lock or unlock user accounts. 4. Define password policies. 5.Create user-defined roles.

3. Lock or unlock user accounts. 4. Define password policies. 5.Create user-defined roles.

Which statements are true about the Account Address set attribute on the customer master? 1. Customer account addresses cannot be shared across business units 2. Only business units with a different account address set will be able to use this customer 3. Only business units with the same account address set will be able to use this customer 4.The value in this attribute will determine whether the customer will be shared across different business units

3. Only business units with the same account address set will be able to use this customer 4.The value in this attribute will determine whether the customer will be shared across different business units

Which process is run to refresh customer data contained in a credit case folder? 1. AutoInvoice Process 2. Update Credit Data for Customer Accounts Process 3. Process Receivables Transactions for Customer Account Summaries 4. Customer Data Refresh Program

3. Process Receivables Transactions for Customer Account Summaries

Where do you navigate to in order to run the "Aging 4 Bucket" predefined report? 1. Business intelligence catalog 2. Reports and analytics 3. Scheduled processes page 4.Financial reporting center

3. Scheduled processes page

What happens when you complete a Receivables transaction (choose two)? 1. Payment is applied 2. Subledger journal is created 3. Taxes are calculated 4. Aging starts

3. Taxes are calculated 4. Aging starts

Advanced Collections delivers several DSO (Days Sales Outstanding) metrics. Which item is NOT a delivered DSO metric? 1. True DSO 2. DSO 3. Worst possible DSO 4. Best possible DSO 5.Sales weighted DSO

3. Worst possible DSO

One of the predefined BI Publisher reports for Cash Management is the "Cash In Transit" report. Which is true about the report? 1. Extracts balance and transaction information for a specific bank statement 2. Extracts cash management and GL accounting, and transactional data for reconciliation purposes 3.Lists all the transactions that have been remitted to the bank but have not been cleared

3.Lists all the transactions that have been remitted to the bank but have not been cleared

Cash management allows you to define bank statement reconciliation tolerance rules based on what criteria? 1. Date and amount 2. Date only 3. Amount only 4. Date, amount, and percentage

4. Date, amount, and percentage

Identify the setup step that is NOT relevant to the Strategies feature 1. Set collections methods 2. Define tasks 3. Create strategy group 4.Manage collections lookups

4. Manage collections lookups

Which is a delivered Oracle Transactional Business Intelligence (OTBI) report for Receivables? 1. Billing history report 2. Customer account status report 3. Reversal status report 4.Adjustment register

4.Adjustment register

Which statement is TRUE regarding Collections Global Preferences? 1. Global preferences include corresponding settings 2. Global preferences are ledger specific 3. Global preferences are business unit specific 4.Global preferences impact the entire Collections application

4.Global preferences impact the entire Collections application

What is the purpose of using delivered subject areas for Receivables, Subledger, Accounting, and Cash Management? 1. To create invoices, journals, and bank account transfers 2. To build BI Publisher reports 3. To define personalized infotiles 4.To create OTBI reports

4.To create OTBI reports

Which bank statement formats does Cash Management support? 1. BAI2 2. EDIFACT FINSTA 3. ISO20022 4. SWIFT MT940 5. All of the above

5. All of the above

Which is true about Oracle Tax? 1. Provides a single solution for global tax needs 2. Delivers tax solutions to all Oracle Cloud application business flows 3. Provides a single source of truth for tax configuration and reporting 4. Provides a single integration point for third-party content providers 5. All of the above 6.None of the above

5. All of the above

The system Options page contains multiple options that fall into two main categories: Billing and Revenue, and Cash Processing. Which is NOT a system option? 1. Require salesperson 2. Allow change to printed transactions 3. Minimum refund amount 4. Discount basis 5. Receipt handling of credits 6.Application exception rule set

5. Receipt handling of credits

Which is NOT valid when processing receipts manually in Receivables? 1. Enter chargebacks and/or adjustments 2. Apply receipt to transactions 3. Create receipt individually or as part of a batch 4. Post to GL 5.Enter credit memo

5.Enter credit memo

Setup data can be exported from one instance and imported into another. What is the name of the object that is used for importing the data? An import package A configuration package A setup data package An export package

A configuration package

What three products are part of Oracle Fusion Cloud Financials (choose three)? Accounts Receivable Fixed Assets General Ledger Self service procurement Cost Management

Accounts Receivable Fixed Assets General Ledger

What three actions can you perform when configuring table columns (choose three)? Rename the columns Adjust the width of the columns Hide or show any of the available columns Reorder the columns Delete the columns

Adjust the width of the columns Hide or show any of the available columns Reorder the columns

Business Unit is an organization within an enterprise that performs one or many business functions. Which Business Unit functions are valid (choose three)? 1. Creating implementation projects 2. Billing and revenue management 3. Customer payments 4. Customer contract management 5.Journal processing

Billing and revenue management 3. Customer payments 4. Customer contract management

In terms of Data security, which of the three following data objects are examples of Data Scopes (Security Contexts)? Business Units Reference data sets Legal Entities Suppliers Asset Books

Business Units Reference data sets Asset Books

If you are to implement Fixed Assets and Expenses, what chart of accounts label is no longer optional? Third balancing segment labels Cost center label Local label Second balancing segment label User-defined label

Cost center label

In set user preferences, which three of the following options are related to setting up the language (choose three)? Current session language Display name language Language by role Default language

Current session language Display name language Default language

Is the following statement true or false: Audit History is enabled by default and required no configuration to use? True False

False

Which three of the following items will affect your setup decisions when implementing Oracle Fusion Cloud Financials (choose three)? Fiscal and Company Reporting Requirements Geographical Locations Industry Hiring of Database Administrators Social Media Sites

Fiscal and Company Reporting Requirements Geographical Locations Industry

Which three of the following actions does the Manage Geographic task contain (which three)? Geography topography Geography structures Geography distances between locations Geography validations Geography hierarchies

Geography structures Geography validations Geography hierarchies

In what part of the user interface would you find the Favorites and Recent Items icon? Page section Process Monitor Section Global Area Infolets page Task panel

Global Area

Where would you find the infolets if you are using the News Feed Layout as a home page? In the apps section In the page control dots section Things to finish In the analytics section Task panel

In the analytics section

Which two statements are true about the Rapid Implementation Task List? It includes all 900 plus setup tasks It is used to streamline setup configuration to focus on setup steps It includes setup steps that are required by most users It includes all optional setup tasks

It is used to streamline setup configuration to focus on setup steps It includes setup steps that are required by most users

Which three features are available from the Home Page of the Oracle Help Center (choose three)? List of help topics by task Links to APIs & Schema Link to Customer Connect Links to the new features Links to support site

List of help topics by task Links to APIs & Schema Links to the new features

Which two options does the Functional Setup Manager offer for setup data migration? Migrate setup data using ETL tool Migrate setup data manually Migrate setup data from offering and functional areas Migrate setup data from implementation projects

Migrate setup data from offering and functional areas Migrate setup data from implementation projects

From which three Homepage layouts can administrators choose (choose three)? Navigation bar News feed Banner Panel Breadcrumb

News feed Banner Panel

Is it required to assign a scoring model when defining a credit case folder template? 1. No 2.Yes

No

Which four Enterprise structure objects have been used to model the Vision Company (choose four)? Primary ledgers Legal entities Headoffice Operating units The enterprise Business units

Primary ledgers Legal entities The enterprise Business units

You want to designate another user to sign in to the application and perform tasks on your behalf. Which general preference area would you select? Proxies Watchlist Accessibility Expense preferences Regional

Proxies

Which three of the following tabs may be there in the panel? Search Social network Setup and maintenance Task Reports

Search Task Reports

Where do you navigate to set user preference? Configuration Settings and action menu Things to finish Tools Task panel

Settings and action menu

In Oracle Fusion Financials Cloud, the Task panel search is used to search within _________ . The work area currently being used The internet The offering related to that page The entire cloud application

The work area currently being used

Oracle Cloud applications contain two predefined Reference Data Sets: Common and Enterprise. You can create more reference data sets based on your business requirements. 1. True 2.False

True

Your company is required to report using US GAAP Practice and International Financial Reporting Standards (IFRS). What is the minimum number of ledgers that you would need to configure? One (a primary ledger) Two (a primary and a secondary ledger) Two (a secondary ledger and a reporting currency) Three (a primary, reporting currency, and a secondary ledger)

Two (a primary and a secondary ledger)

Select the billing setup that is responsible for assigning numbers to transactions 1. Payment terms 2. Transaction source 3. Transaction type 4.AutoAccounting

2. Transaction source

Payment promises have statuses that indicate their condition. A payment promise with the status "Collectible" means: 1. Payment was made on or before the promise date 2. The payment promise is still open 3. The promise date and amount were met 4.The promise date was not met

2. The payment promise is still open

How are address purposes used in connection with customer account sites? 1. To identify payment details such as bank accounts 2. To identify functions performed by a customer account site 3.To define paying relationships

2. To identify functions performed by a customer account site

What actions take place once a bankruptcy request is approved (choose three)? 1. Collection activities are suspended 2. Customer is deleted from TCM tables 3. Delinquent transactions no longer appear in the collections work areas 4. Credit memos are created to close delinquent transactions 5. Customer shows a status of "bankrupt"

1. Collection activities are suspended 3. Delinquent transactions no longer appear in the collections work areas 5. Customer shows a status of "bankrupt"

Which fields are found in the "Profile Class" tab of the "Customer Class Profile" page (choose three)? 1. Collector 2. Customer account contact 3. Preferred contact method 4. Receipt method 5.Payment terms

1. Collector 3. Preferred contact method 5. Payment terms

Which TWO attributes are displayed in a Credit Profile? 1. Credit Classification 2. Collector 3. Payment Terms 4. Risk Code

1. Credit Classification 4. Risk Code

Revenue contingencies allow you to temporarily defer revenue to an unearned revenue account. Oracle predefines multiple revenue contingencies that you can assign to your customer transactions. Which are the predefined contingencies (choose three)? 1. Delivery 2. Revenue scheduling 3. Bad debt forecasting 4. Extended payment terms 5.Customer creditworthiness

1. Delivery 4. Extended payment terms 5.Customer creditworthiness

Which two of the following statements about a duty role are true? 1. Duty roles represent logical groups of tasks that are performed in a job. 2. A duty role cannot inherit aggregate privileges. 3. You cannot create custom duty roles. 4.Duty roles are not assigned directly to users.

1. Duty roles represent logical groups of tasks that are performed in a job. 4.Duty roles are not assigned directly to users.

You generated an accounting entry for one of the invoices in Receivables and transferred it to General Ledger. After a few days you noticed that the account, which was used on the journal entry, was incorrect. Which manual options can be used to correct the entry (choose two)? 1. Subledger accounting profile options 2. Subledger journal entry 3. Account override 4.Accrual reversals

2. Subledger journal entry 3. Account override

AutoMatch Rule Sets provide information that is used by the AutoApply process to apply receipts to transactions. The settings in the AutoMatch Rule Set provide which of the following recommendations (Choose two)? 1. Refund recommendations 2. Transaction recommendations 3. Customer recommendations 4.Write-off recommendations

2. Transaction recommendations 3. Customer recommendations

Which IS NOT a component of a Scoring Model? 1. Case Folder Template 2. Data Point 3. Weight 4.Value Range

1. Case Folder Template

Where would a Cash Manager navigate to view a snapshot of cash positions, missing statements, forecasting, and bank statement reconciliation status? 1. Cash management infotiles 2. Cash balances page 3. Cash management dashboard 4.Bank statements and reconciliation page

1. Cash management infotiles

What happens after a dispute is approved? 1. A credit memo is created 2. A refund is initiated 3. A deduction is created 4.An adjustment is created

1. A credit memo is created

What three job roles are predefined to access Functional Setup Manager? 1. Application Implementation Administrator 2. Functional Setup Manager 3. IT Manager 4. Application Implementation Manager 5.Application Implementation Consultant

1. Application Implementation Administrator 4. Application Implementation Manager 5.Application Implementation Consultant

Business Units have multiple uses in Oracle Cloud applications, which option is not relevant to a Business Unit? 1. Assignment of balancing segment values 2. Reference data sharing 3. Management reporting 4. Transactional data security 5.Transaction processing

1. Assignment of balancing segment values

Which of the three following fields can be used in User name generation rules (choose three)? 1. Fisrname.Lastname 2. Person Number 3. Email 4. lastname.department 5.Location

1. Fisrname.Lastname 2. Person Number 3. Email

The AutoInvoice process imports and validates large volumes of transactional data into Receivables. Which statements are true about the AutoInvoice process (choose two)? 1. General Ledger accounts are assigned using the AutoAccounting setup 2. Lines that fail validation are deleted automatically 3. Transactions are stamped with legal entity information 4. Transactions are transferred to General Ledger

1. General Ledger accounts are assigned using the AutoAccounting setup 3. Transactions are stamped with legal entity information

Which role do you need to be provisioned with to access the Security Console? 1. IT Security Manager 2. Application Implementation Consultant 3. Billing Manager 4.Security Console Administrator

1. IT Security Manager

Identify the documents that can be printed by using the layouts in BI Publisher Bill Presentment Templates 1. Invoices, credit memos, debit memos, chargebacks, and balance forward bills 2. Invoices, adjustments, debit memos, chargebacks, and balance forward bills 3.Invoices, credit memos, debit memos, receipts, and balance forward bills

1. Invoices, credit memos, debit memos, chargebacks, and balance forward bills

A legal entity is a registered company, or an entity recognized by law. Which statements are true about legal entities (choose two)? 1. Legal entities record sales and pay taxes on sales 2. Legal entities do not make purchases and incur expenses 3. Legal entities do not perform intercompany trading 4. Legal entities own the assets of an enterprise

1. Legal entities record sales and pay taxes on sales 4. Legal entities own the assets of an enterprise

Which are Accounts Receivable Infotiles (choose 2)? 1. Receipt batches 2. Customer disputes 3. Unapplied receipts 4.Transactions outstanding

1. Receipt batches 3. Unapplied receipts

The tax reporting ledger is a single solution for complex global tax reporting requirements on sales and purchases. Which sources are used by the Tax Reporting Ledger to extract tax-related transactions and accounting details (choose three)? 1. Receivables 2. Tax repository 3. Oracle Configure, Price, and Quote (CPQ) 4. Payables

1. Receivables 2. Tax repository 4. Payables

In receivables receipt classes determine the processing steps that are required for receipts. Which step is NOT relevant to the receipt class setup? 1. Settlement method 2. Remittance method 3. Creation method 4. Clearance method 5. Require confirmation

1. Settlement method

You can define a tax regime based on parts of a country or more than one country. Which setup will you use to achieve this? 1. Tax zone 2. Tax group 3. Tax consolidation setup 4.Compound tax setup

1. Tax zone

Which are sections of the News Feed home page layout (choose two)? 1. Things to finish 2. Analytics 3. Watchlist 4.Favorites

1. Things to finish 2. Analytics

Transaction types provide a number of default settings that help categorize transactions. Which statements are true about Transaction Types (choose two)? 1. Transaction types can be used to assign a legal entity to a transaction 2. Transaction types determine whether Receivables posts transactions to General Ledger 3. Transaction types determine transaction numbering 4.Transaction types default salesperson information

1. Transaction types can be used to assign a legal entity to a transaction 2. Transaction types determine whether Receivables posts transactions to General Ledger

Two methods are available to perform bank account reconciliation in Cash Management: Manual (matching bank statement lines against transactions in the user interface) and Automatic (loading the bank statement and then running the Autoreconciliation process) 1. True 2. False

1. True

Transactions in Receivables must be completed to be printed, aged, and transferred to GL. What are the requirements for completing an invoice (choose two)? 1. The transaction must have an invoicing rule 2. The accounting date must be in an open or future period 3. The transaction must have a freight amount 4.The invoice must have at least one line, or be a freight invoice at the header level

2. The accounting date must be in an open or future period 4. The invoice must have at least one line, or be a freight invoice at the header level

How can Receivables transactions (credit memo, debit memo, invoice) be imported from other applications (for example, Projects)? 1. Using AutoInvoice 2. A custom program must be written 3. Transactions cannot be imported 4. Using Lockbox

1. Using AutoInvoice

The cash balances work area uses a "Transaction Cube" (multidimensional database) to analyze bank account balances, bank statement lines, and transactions impacting cash position. How would you access the data in "Transactions Cube"? 1. Using Smart View 2. Writing and executing SQL queries 3. Using account inspector 4.Running cash in transit report

1. Using Smart View

Select components of a chart of accounts (choose three): 1. Value sets 2. Currency 3. Calendar 4. Account combinations 5. Segment labels

1. Value sets 4. Account combinations 5. Segment labels

Which aging method is NOT delivered by Oracle? 1. 7-Bucket Aging 2. 8-Bucket Aging 3. 5-Bucket Aging 4. 4-Bucket Aging 5.Statement

2. 8-Bucket Aging

What is the difference between a job role and a duty role? 1. A duty role represents the job you hire a worker to perform, whereas a job role represents a group of tasks that belong to a job. 2. A job role represents the job you hire a worker to perform, whereas a duty role represents a group of tasks that belong to a job. 3. There are predefined job roles, but you are required to create duty roles. 4.A job role and a duty role are the same.

2. A job role represents the job you hire a worker to perform, whereas a duty role represents a group of tasks that belong to a job.

Where are the four predefined Collections Infotiles displayed? 1. Financial reporting center 2. Collections work area 3. Reports and analytics 4.Analytics section (News Feed Home Page Layout)

2. Collections work area

Which criteria does the application use to create a credit case folder? 1. Combination of order amount limit and credit currency 2. Combination of credit classification and review type 3. Combination of risk code and risk rating 4.Combination of credit limit and credit analyst

2. Combination of credit classification and review type

Console could be helpful in role creation (choose three)? 1. Merging Roles 2. Comparing Role 3. Copying Role 4. Purging and Archiving Roles 5.Editing Role

2. Comparing Role 3. Copying Role 5.Editing Role

The cash manager has noticed that there are always a number of unreconciled lines on the bank statements due to items such as bank charges and interest. He or she would like to know if there are any ways to clear these lines automatically. What would you advise? 1. These types of lines can be reconciled only manually 2. Create bank statement transaction creation rules and then run the bank statement transaction creation program to create, reconcile, and account for these lines 3. Enter the respective transactions on the system and then run the Auto Reconciliation process to reconcile them

2. Create bank statement transaction creation rules and then run the bank statement transaction creation program to create, reconcile, and account for these lines

Which component is assigned to a reference data set (Set ID)? 1. Party 2. Customer account site 3. Profile class 4.Customer account

2. Customer account site

Which dunning delivery methods are available (choose three)? 1. EDI 2. Fax 3. Email 4. XML 5.Regular mail

2. Fax 3. Email 5. Regular mail

Which component of the Oracle Cloud user interface shows the name of the user who is signed in? 1. Section 2. Global area 3. Panel tabs 4.Panel

2. Global area

Scoring formula data points are used in formulas to calculate a score given to customers. Which logic do delivered data points follow? 1. Average scores indicate better chance of collectability 2. Higher scores indicate better chance of collectability 3. Scored do not indicate chance of collectability 4.Lower scores indicate better chance of collectability

2. Higher scores indicate better chance of collectability

Which is NOT a bill management feature? 1. Print individual transactions 2. Import customer data 3. Review receivables transactions 4. Make online payments 5.Export outstanding transactions

2. Import customer data

Where do you navigate to in order to view detailed or summary information about invoices, debit memos, and credit memos? 1. Manage invoices page 2. Manage transactions page 3. Billing dashboard 4.Manage customers page

2. Manage transactions page

Advanced collections allows collectors to process customer payments. Which statement is NOT accurate in terms of payment processing? 1. Collectors can add customer bank accounts 2. Payments can be processed for delinquent transactions only 3. Overpayment of transactions is not allowed 4.Partial payments are allowed

2. Payments can be processed for delinquent transactions only

Which three types of ledgers can be defined in Oracle Financials Cloud (choose three)? 1. Subordinate ledger 2. Primary ledger 3. Reporting currency 4. Principal ledger 5. Secondary ledger

2. Primary ledger 3. Reporting currency 5. Secondary ledger

Which two activities can you perform after creating an Implementation Project in Functional Setup Manager? Assign due dates to tasks Define new functional areas Assign tasks to users Request new features

Assign due dates to tasks Assign tasks to users

Which three of the following prepackaged reports can be downloaded or reviewed online from the Setup and Maintenance page (choose three)? Associated features Related business functions Related enterprise applications Related business objects Associated functional areas

Associated features Related enterprise applications Related business objects

What two predefined job roles are required to access information within Functional Setup Manager (choose two)? Application implementation manager Application implementation consultant System administrator super user Functional setup manager IT manager

Application implementation manager Application implementation consultant

When defining the enterprise structure, divisions are considered optional. If required, in what two ways can they be configured (choose two)? As a segment in the chart of accounts with a second balancing segment labels As sales departments As location addresses As a segment in the chart of accounts with a Natural Account segment label As a reporting hierarchy of cost centers

As a segment in the chart of accounts with a second balancing segment labels As a reporting hierarchy of cost centers

What three family names are used to group products of Oracle Fusion Cloud Applications (choose three)? Supply chain management Procurement Customer innovation Logistics Financials

Supply chain management Procurement Financials

What are three ways of accessing implementation tasks in Functional Setup Manager? Using the FSM search feature Using getting started Using the functional area Using the FSM infolet Using an implementation project

Using the FSM search feature Using the functional area Using an implementation project

Which of the three following objects need geographical information (choose three)? Financial reports Validate addresses Calculate taxes Sales territories Applied receipts

Validate addresses Calculate taxes Sales territories

Which three of the following geography types are included in the Vision Geography structure designed for the United States (choose three)? Zip / postal code State Province County Town

Zip / postal code State County