Oracle 1Z0-549 Online Practice Questions and Exam Preparation

Oracle 1Z0-549 Online Questions & Answers

• Question 21:

  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 22:

  Your client would like view Periodic Stats by customer. Which screen do you use to select Periodic Information from Row Menu?

  A. Standard Receipt Entry
  B. Account Balance Inquiry
  C. Speed Status Change
  D. Customer Master Information
  E. Account Statistic History
  D. Customer Master Information

• Question 23:

  The repost program R099102, Is used to re-create balances based upon the F0911 transactions. The batch does which two of the following in update mode?

  A. deletes the F0902 records, based upon the data selection and recreates these records with balances based upon the F0911-transaction
  B. sets the period involved to zero and recalculates the balance for this period
  C. prints a report that shows the period amount of an account in the F0911 versus the F0902
  D. sets the periods 1 to 14 to zero and recalculates the balances for these periods based upon the F0911-transactions
  E. includes posted and non-posted transactions of the general ledger F0911
  A. deletes the F0902 records, based upon the data selection and recreates these records with balances based upon the F0911-transaction
  C. prints a report that shows the period amount of an account in the F0911 versus the F0902

• Question 24:

  Which three are elements of Asset Depreciation?

  A. Liability on Balance Sheet
  B. Salvage Value
  C. Net Historical Value
  D. Accumulated Depreciation
  E. Cost Basis
  B. Salvage Value
  D. Accumulated Depreciation
  E. Cost Basis

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  www.oracle.com/ocom/groups/public/@opnpublic/.../032770.pdf

• Question 25:

  Your client wants to forecast cash activities to improve their rate of return. AP Cash Forecasting does NOT: A. consolidate open vouchers from the A/P Ledger table

  B. summarize information by business unit, company, due date, and currency
  C. delete existing records in the Cash Summarization table with the cash type you specify in a processing option
  D. update the Cash Summarization table with the new information
  E. create an electronic table that will be sent to the banking institution
  E. create an electronic table that will be sent to the banking institution

• Question 26:

  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 27:

  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.

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  www.oracle.com/us/media1/057275.pdf

• Question 28:

  Your client would like to know if they should set up additional customer records or use Line of Business processing.

  Why would you want to activate Line of Business processing?

  A. To set up multiple sets SIC values for the customer.
  B. To use a different default business unit for invoice entry.
  C. To establish multiple Address Book records.
  D. To establish a credit limit hierarchy by company.
  E. To set up multiple sets of default information for the customer by company.
  E. To set up multiple sets of default information for the customer by company.

• Question 29:

  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. %

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  www.oracleimg.com/us/media1/057392.pdf

• Question 30:

  Your client ran the "Companies in Balance" [R097001] integrity report and requires assistance in interpreting the report.

  What process do the Companies in Balance integrity perform?

  A. deletes batch header records with no detail records
  B. lists all companies and if an amount appears In a column, the company is out of balance
  C. locates batches posted out of balance
  D. ensures that the intercompany is In balance
  E. 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
  B. lists all companies and if an amount appears In a column, the company is out of balance

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  download.oracle.com/docs/cd/B28733_01/.../e1_fms811aga-r1104.pdf