Oracle 1Z0-522 Online Practice Questions and Exam Preparation

Oracle 1Z0-522 Online Questions & Answers

• Question 31:

  Your client needs assistance in setting up allocations for the company. Which method of allocation allows you to redistribute amounts from one or more business units to one or more business units with a common category code?

  A. Recurring Journal Entry
  B. Variable Model
  C. Model Journal Entry
  D. Variable Numerator
  E. Indexed
  D. Variable Numerator

• Question 32:

  You ran the application Credit Analysis Refresh program (R03B525). Which table does the system use to display Information on the Account Balance Inquiry Application?

  A. F03B11
  B. F03B15
  C. F03B16S
  D. F03B16
  E. F03B21
  B. F03B15

• Question 33:

  You are going through the month end close process. How should you correct missing batch header records?

  A. On the Batch Header Revision form, add the batch header record again.
  B. Use the Universal Table Browser to add missing batch header records.
  C. Repost the batch to reattach the batch header record.
  D. Run the global batch program to assign batch header records to detail records.
  E. On the General Journal Review form, type the batch header record into the grid
  A. On the Batch Header Revision form, add the batch header record again.

• Question 34:

  Your client is using Multi-Currency.: What designates an invoice as Foreign?

  A. The revenue account you assign to the-invoice designates it as foreign.
  B. The currency field contains the same value as the Base field.
  C. The currency field contains a different value from the Base field.
  D. An exchange rate exists on the invoice.
  E. The Currency field is foreign.
  D. An exchange rate exists on the invoice.

• Question 35:

  You have a clearing account that is out of balance and you elect to use the Debit/Credit Match program to assist in the reconciliation. Which four steps are required?

  A. Running the Bank Journal Statement Process.
  B. Refreshing account information in the Account Ledger Reconciliation table.
  C. Reconciling void payments and receipts.
  D. Unreconciling transactions when needed.
  E. Manually Reconciling transactions.
  B. Refreshing account information in the Account Ledger Reconciliation table.
  C. Reconciling void payments and receipts.
  D. Unreconciling transactions when needed.
  E. Manually Reconciling transactions.

• Question 36:

  Which two statements are TRUE about Interactive Versions?

  A. An Interactive Version is always attached to an Interactive Application.
  B. An Interactive Version can contain Data Selection and Data Sequence set up.
  C. An Interactive Version is a version of an Interactive Application with Its own source code.
  D. An Interactive Version is an object that needs to be checked in for further deployment.
  E. An Interactive Version Is used to hold the Processing Options values for an Interactive Application.
  A. An Interactive Version is always attached to an Interactive Application.
  D. An Interactive Version is an object that needs to be checked in for further deployment.

• Question 37:

  Your client wants you to help them define their business units. Which statement is TRUE regarding business units?

  A. Business units coded with a 'BS1 in the Business Unit type field cannot be used for income statement accounts.
  B. Business units do not allow category codes.
  C. Business units are duplicated in each company.
  D. Business units are the lowest organizational reporting level for your company.
  E. Business units do not allow level of detail.
  D. Business units are the lowest organizational reporting level for your company.

• Question 38:

  Your client wants the system to calculate discounts on the gross amount of a voucher plus tax. In which of the following programs can the client set up the system to calculate discounts in this manner?

  A. Tax Rules by Company
  B. Supplier Master
  C. Tax Codes
  D. Processing Options for Voucher Entry
  E. A/P Constants
  C. Tax Codes

• Question 39:

  Your client wishes to run Calculate Withholdings Report In preparation for the payment process. For the Calculate Withholding program to select a voucher, what must the voucher's pay status be?

  A. A
  B. %
  C. W
  D. H
  E. #
  B. %

• Question 40:

  A client needs to print attachments as part of payments. Where do you set the processing option to turn on "print attachments"?

  A. Create Payment Groups
  B. The Speed Release program
  C. Work with Payment Groups
  D. Cash Requirements program
  E. Payment instrument defaults
  E. Payment instrument defaults