Oracle 1Z0-549 Online Practice Questions and Exam Preparation

Oracle 1Z0-549 Online Questions & Answers

• Question 31:

  A client wants 'Use Tax' to post to a separate account by tax rate area. Which of the following is the best way to set this up?

  A. Set the automatic accounting instruction PT to post to a BU. OBJ. Then set up the chart of accounts with BU.081 SUB, where the SUB Is equal to the tax authority.
  B. Set up the tax rate area to point to PTyyyy and setup the PYyyyv to point to different accounts by tax rate area.
  C. Set the automatic accounting instruction PT to post to a BU. OBJ. Then setup the chart of accounts with BU.OB3. SUB, where the SUB is equal to the tax rate area.
  D. Set up automatic accounting instructions PTyyyy, where yyyy is equal to the tax rate area.
  E. Instruct the Account Payable user to enter the distribution to different accounts based on the tax rate area.
  B. Set up the tax rate area to point to PTyyyy and setup the PYyyyv to point to different accounts by tax rate area.

• Question 32:

  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 33:

  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 34:

  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

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  download.oracle.com/docs/cd/B28731_01/jded/.../fm89eei0309.pdf

• Question 35:

  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 36:

  Your client is using the Credit Hold process orders from Credit Hold?

  A. Check Credit P42050
  B. Release Held Orders P43070
  C. Order Hold Information P42090
  D. Standard Invoice Entry P03B2002
  E. Speed Status Change P03B114
  B. Release Held Orders P43070

• Question 37:

  When logging on to Enterprise One which two statements are TRUE?

  A. A user's password for the Production Environment usually differs from the password used for the Test Environment.
  B. If a user has multiple roles attached to his/her user-id, multiple passwords are required.
  C. The password used on a fat client is identical to the password used on a Web client.
  D. A user's password for the Production Environment usually is identical to his/her password for the Test environment.
  E. A user cannot have access to more than two environments.
  A. A user's password for the Production Environment usually differs from the password used for the Test Environment.
  E. A user cannot have access to more than two environments.

• Question 38:

  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.

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  download.oracle.com/docs/cd/E17984.../ww_rep_prnt_tech.htm

• Question 39:

  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

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  www.syntax.net/eng/courses_aug.../General_Accounting_Rel_9_0.pdf

• Question 40:

  You are going through the month end close process. When you are posting, you receive a PACO message?

  What condition would cause this message?

  A. Entering a G/L date prior to the current period.
  B. Entering a G/L date that is in the next period.
  C. Entering a G/L date that is in a prior fiscal year.
  D. Entering a G/L date that is at least two periods in the future.
  E. Entering a G/L date that is not the last day of the month.
  D. Entering a G/L date that is at least two periods in the future.