Oracle 1Z0-522 Online Practice Questions and Exam Preparation

Oracle 1Z0-522 Online Questions & Answers

• Question 21:

  Your client is going through a data cleansing exercise. They are trying to delete account records In the Account Master table that will not be needed in the future. You encountered records that cannot be deleted. Which tables contain records that cause the Inability to delete the desired accounts?

  A. F0902, F0901 and F0010
  B. F0911, F0901, and F0006
  C. F0911 and F0902
  D. F0911, F0902, and F0006
  E. F0911, F0902, and F090
  C. F0911 and F0902

• Question 22:

  Your client needs to consolidate their financial information from various business sites. Which statement does NOT represent a difference between a Multi-Site Consolidation and other Organizational Structure?

  A. Multi-site consolidation uses elimination rules; Organizational Structure does not use these rules.
  B. You cannot consolidate the balance of multiple locations in a mufti-site consolidation, but you can perform this activity with organizational reporting structure.
  C. Multi-site consolidation can process consolidation from non-EnterpriseOne applications.
  D. User Defined Codes 00/01 through 00/30 and 09/01 through 09/23 must be updated prior to defining the business unit and account structure.
  E. The Organizational Structure Definition application updates the Structure Definition table.
  E. The Organizational Structure Definition application updates the Structure Definition table.

• Question 23:

  Your client indicated that the standard delivered report does not meet their business requirement. You recommend that they create a new report using the Financial Report Writer.

  Which four statements are TRUE regarding the Financial Report Writer?

  A. A Journal entry can be automatically created in the Financial Report Writer.
  B. The level of detail roll up can be defined in the processing option.
  C. Smart fields are used to calculate Period Activity and Account Balance.
  D. The interim subtotal can be defined in the FSxx AAI item.
  E. You can define a maximum of 12 printing columns.
  A. A Journal entry can be automatically created in the Financial Report Writer.
  C. Smart fields are used to calculate Period Activity and Account Balance.
  D. The interim subtotal can be defined in the FSxx AAI item.
  E. You can define a maximum of 12 printing columns.

• Question 24:

  The Supplier Analysis report shows Year to Date information that is inaccurate. Why is this so?

  A. The AP Annual Close has not been processed.
  B. Your Data Selection in the Supplier Master report is incorrect.
  C. The aging accounts are not set up in the A/P Constants.
  D. The Beginning Year A/P and A/P period fields have not been updated In the Company Numbers and Names.
  E. The Supplier/Customer Totals by G/L Accounts report has not been run.
  B. Your Data Selection in the Supplier Master report is incorrect.

• Question 25:

  Which three statements are true about customizing the grid?

  A. The color of columns can be customized.
  B. The same column can be made to appear multiple times in a grid.
  C. The font of columns can be customized.
  D. The width of columns can be customized.
  E. The sequence of columns can be customized.
  A. The color of columns can be customized.
  D. The width of columns can be customized.
  E. The sequence of columns can be customized.

• Question 26:

  Your financial implementation client lead needs assistance on understanding the Detail Method of Intercompany settlements. You explain that the Detail Method uses _______to track Intercompany settlements and the company associated with the first journal entry line acts as the _________ for the transaction.

  A. Subsidiaries, detail company
  B. Subledger, hub company
  C. Subledgers, consolidation company
  D. Subledgers, detail company
  E. Subsidiaries, hub company
  B. Subledger, hub company

• Question 27:

  Your client ran the Batch to Detail and Out of Balance" [R007031] integrity report and requires assistance In interpreting the report.

  What two processes does the Batch to Detail and Out of Balance integrity perform?

  A. Ensures that the intercompany is in balance.
  B. Lists companies that are out of balance.
  C. Updates the batch status of a batch header record to D if the detail records in the Accounts Receivable Ledger, Accounts Payable Ledger, and Account Ledger batches are posted, but the header record has an unposted status.
  D. Deletes batch header records with no detail records.
  C. Updates the batch status of a batch header record to D if the detail records in the Accounts Receivable Ledger, Accounts Payable Ledger, and Account Ledger batches are posted, but the header record has an unposted status.
  D. Deletes batch header records with no detail records.

• Question 28:

  When your client runs the Tax Summary Report (R0018P) for the first time and no data appears. You immediately check the Tax Table (F0018) and find it empty. Which of the following has not been set up?

  A. The Tax Rules by Company program.
  B. The processing option In the Auto Payments Update program
  C. The processing option In the post program, to update the tax table
  D. The Tax Authority in the Address Book program.
  E. The Supplier Master program, to update the tax table
  C. The processing option In the post program, to update the tax table

• Question 29:

  Your client wants to utilize the subledger field to track costs in their general ledger. In what way do transactions with subledgers differ from transactions without subledgers?

  A. Subledger transactions post to different object accounts rather than the same accounts.
  B. Subledger transactions create additional records in the Account Master table.
  C. Transactions with subledgers create additional records in the Account. Balance table when the posting edit code is set to do so.
  D. Subledger accounts are always a permanent part of your chart of accounts.
  E. Transactions with subledger always create additional records in the Account Balance table.
  E. Transactions with subledger always create additional records in the Account Balance table.

• Question 30:

  While analyzing the transaction history for a supplier, you review the vouchered year to date amount In the Supplier Master record. Which of the following options describes the currency in which the system displays this amount?

  A. The currency in which the vouchers were paid.
  B. The currency defined In the A/B Amount Code field of the Supplier Master.
  C. The domestic currency of the company where the vouchers were entered.
  D. The currency associated with Company 00000.
  E. The currency defined In the Default Code field of the Supplier Master.
  B. The currency defined In the A/B Amount Code field of the Supplier Master.