Oracle Apps Finance Functional MCQ
This Oracle Apps Finance Functional MCQ Quiz contains few questions as a free online practice test.
1. A client wants to configure Oracle AP to perform prepayments for matched invoices. You have been hired as the implementation consultant and have been given the assignment. To complete this assignment, choose the option that applies.
a) Set up the prepayment terms.
b) Enable Allow prepayments in the Financial Options form.
c) Enable the Oracle Payables Enable Prepayments profile option.
d) No additional configuration is required. Users must set up the prepayment when the invoice is created.
2. A receipt of $2,000 Is received for an Invoice that has $1,500 as the amount due. The remittance advice does not state a reason for the overpayment Identify the receipt state that should be displayed;
a) applied
b) unapplied
c) on-account
d) unidentified
3. Name the formats of Bank statement that are recognized by Oracle for Bank Statement loading?
a) SWIFT 940 & User-defined
b) SWIFT 940 & BAI 2
c) BAI 2 & User defined
d) SWIFT 940, BAI 2 & User-defined
4. ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle Information associated with the asset category Vehicle. Identify two correct statements
A. The setting up of the Descriptive Flexfield is mandatory.
B. The Asset Category Flexfield is owned by the Oracle Assets module.
C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
D. Only the Asset Category Key Flexfield is associated with tables In the Oracle Assets module.
a) A,B
b) B,C
c) C,D
d) D,A
5. ____ refers to the process of recording budget data and tracking encumbrance and actual data against a budget
a) Encumbrance Accounting
b) Budgetary Control
c) Budget Accounting
d) Encumbrance Control
