Oracle 1Z0-522 Online Practice Questions and Exam Preparation

Oracle 1Z0-522 Online Questions & Answers

• Question 1:

  You were asked to assist in setting up the Automatic Accounting Instructions (AAI) for the financial system. Which statement is TRUE regarding AAI?

  A. All AAI Items must have a corresponding valid Business Unit and Object Account value.
  B. There can only be two lines of description.
  C. The sequence number is hard coded in the logic of the calling application.
  D. Some AAI Items with a common prefix can have a user defined suffix.
  E. All AAI Items are company specific.
  C. The sequence number is hard coded in the logic of the calling application.

• Question 2:

  Your client has asked that you set up the supplier payment terms. Assume they are using Standard Voucher Entry. What happens to the payment terms field in the header if payment terms are specified in the grid?

  A. A soft error occurs.
  B. The system ignores the value entered in the payment terms field in the grid and continues to use the value in the header.
  C. The system uses the payment terms found on the supplier master record.
  D. The payment terms field in the header is disabled and the system uses the value entered in the grid.
  E. Nothing, there are no payment terms field in the grid.
  D. The payment terms field in the header is disabled and the system uses the value entered in the grid.

• Question 3:

  The system identifies fixed asset journal entries based on the fixed asset range of accounts that you set up in the automatic accounting instructions (AAIs). You can generate fixed asset journal entries through any EnterpriseOne system that creates entries in the 6/L transaction table Account Ledger (FQ911). Which one of the following is NOT the type of Account that falls within the FX range of the AAIs?

  A. Accumulated Depreciation Accounts
  B. Operating Expense Accounts
  C. Asset Cost Accounts
  D. Asset Disposal Accounts
  E. Trade Accounts
  D. Asset Disposal Accounts

• Question 4:

  Your client is required to produce a trial balance that compares 'Actual" and "Budgets". You recommend they use the Trial Balance Ledger Comparison application. How is the 'Thru" date derived on this Find/ Browse form?

  A. The "Thru" date is driven by the Financial Reporting Period in the General Accounting Constant.
  B. The user must enter the "Thru" date.
  C. The "Thru" date is driven by the Financial Reporting Period in the Company Constant.
  D. The "Thru" date is driven by the General Accounting Current Period in the Company Constant.
  B. The user must enter the "Thru" date.

• Question 5:

  You have created a credit invoice and need to find the record in the Customer Ledger Inquiry screen (R03B2002). Which document type will you add to the QBE line to help you find the record?

  A. RD
  B. RF
  C. RM
  D. RI
  C. RM

• Question 6:

  Your client wants to use the fastest method to enter high-volume, simple voucher entries. What Voucher Entry would you recommend to your client to use?

  A. Standard Voucher Entry
  B. Voucher Logging Entry
  C. Speed Voucher Entry
  D. Multi-Voucher, Multi-Supplier
  E. Multi-Company, Single-Supplier
  C. Speed Voucher Entry

• Question 7:

  You were asked to map the different category codes in the Address Book, Business Unit Master and Account Master. Which of the following statements is TRUE?

  A. The first ten category codes in the Account Master table are shared between Accounts Payable and Accounts Receivable.
  B. There are 30 three-position category codes in the Business Unit Master table.
  C. There are 30 category codes in the Address Book, 50 codes in the Business. Unit Master and 43 category codes in the Account Master tables
  D. All category codes validate against the F0008 table.
  E. Ail category code fields must have numeric values.
  C. There are 30 category codes in the Address Book, 50 codes in the Business. Unit Master and 43 category codes in the Account Master tables

• Question 8:

  You have created a Deduction record. What occurs in the system when you post the batch?

  A. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of DB.
  B. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of I.
  C. The open amount of the invoice is reduced by amount of the deduction, and the system assigns a pay status of H to the invoice.
  D. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.
  E. The system creates records in the Deduction Management table.
  C. The open amount of the invoice is reduced by amount of the deduction, and the system assigns a pay status of H to the invoice.

• Question 9:

  Your client has asked that you run a Standard report with payment information for a given payment cycle. Which of the following would give you the desired information?

  A. Run the Manual Payment Journal Report.
  B. Re-run the Create Payment Group program and set the processing options In the Master Business Function to print the check register.
  C. Run the Payment Analysis Report.
  D. Set up the Check Register in the Bank Account Information program.
  E. Set the processing options for the Automatic Payment Review report to reprint the check register.
  B. Re-run the Create Payment Group program and set the processing options In the Master Business Function to print the check register.

• Question 10:

  You are m a System Integration meeting and the client is concerned about the different type of records that are kept In the Business Unit Master table (F0006). Which types of records are NOT kept in the Business Unit Master table?

  A. Property Master table for Property Management
  B. 3ob Master table for Job Cost
  C. Property Master table for Energy Chemical systems
  D. Master table for financial reporting
  E. Asset Master table for Fixed Assets
  E. Asset Master table for Fixed Assets