Oracle Apps Finance Functional MCQ
This Oracle Apps Finance Functional MCQ Quiz contains few questions as a free online practice test.
1. A client has a requirement to allocate the rent and other expenses to all the departments based
on the formula defined in GL Mass Allocation. Mario, the GL accountant, comes to you and asks
whether the Mass Allocation program checks cross-validation rules, because this checking would
help to prevent the creation of invalid accounts. What is your response?
a) Whether or not the program checks cross-validation rules depends on the formula.
b) Allow Dynamic Insert must not be enabled, and then the program can check cross-validation rules.
c) You can customize the workflow, to enable the program to check cross-validation rules.
d) The program does NOT check cross-validation rules.
2. A manager at ABC.com wants to review the cash balance by company. He has asked you to
create the summary account template. ABC. coms accounting flex field has four segments:
Company (5 values) Cost Centers (30 values) Region (4 values) Account (180 values) The total
number of cash accounts is 5, which are associated with 2 parents: 3 accounts are associated with
the parent called Checking. 2 accounts are identified with the parent called Savings. To combine
the Cash parents, you created a rollup group named Cash. How many accounts would the
summary account template generate?
A.2
B.40
C.10
D.1200
a) A
b) B
c) C
d) D
3. A client is implementing ACH and has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval Workflow that would meet their requirement.
A. allows automatic resubmission of an invoice if rejection occurs.
B. has predefined criteria to identify which invoices require approval.
C. allows approval routing management from one central responsibility.
D. provides automatic routing of invoices upon approval to another designated approver.
E. allows for corrections to invoices to be made while still in the approval routing process .
F. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver
a) A,B,C
b) B,C,D
c) D,E,F
d) A,E,F
e) B,D,F
4. A clerk from ABC Inc. receives a customer receipt that does not have sufficient Information
to identify the customer or invoice.Which is the correct method of entering the receipt In Oracle Accounts Receivable?
a) Enter the receipt as an unapplied receipt.
b) Enter the receipt as an unidentified receipt.
c) Enter the receipt as an on-account receipt.
d) Enter the receipt as a miscellaneous receipt.
5. Which of the following cannot be entered on the Books form?
a) YTD depreciation
b) Depreciation method
c) Prorate convention
d) Location
