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QUESTION 7
Your customer has enabled encumbrance accounting. You have a control budget with the advisory level set at control. For November 2015, your budget for a given combination is $5,000. You have an approved requisition of $900 and you have an approved purchase order of $2,500. An adjustment encumbrance journal is created in the General Ledger for the obligation type for $1,600. You then cancelled the approved PO line of $400. For November 2016, you created a new invoice by matching to the PO for $2,100. Which two statements are true? (Choose two.)
A. Purchase order encumbrance will be released for $2,100.
B. As there are cancellations for $400, the system will partially reserve the funds in November 2015 and fully reserve it in December 2015.
C. As you are matching to a purchase order, the system will allow the user to create an invoice with the reservation status of Reserved.
D. Encumbrance entries are created only for nonmatched Invoices, so the system will not create any encumbrance accounting entries.
E. The system always consumes budget of future periods if the limit for the current period is expired, so December 2015 budget will be considered for reservation.
Answer: CE
QUESTION 8
You create a prepayment for USD 100 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an invoice for USD 300, and validate the invoice to consume the budget and reduce available funds for the expense-accounts used in the invoice. You then apply the prepayment fully on to the invoice and revalidate it. What happens to the available funds when you apply a prepayment that requires budgetary control?
A. The prepayment application was already released at the time of payment and the invoice consumes funds of 300 USD.
B. The prepayment application releases funds of 200 USD and the invoice consumes funds of 100 USD, with a net decrease to available funds of 200 USD.
C. Available funds will not change till invoice is approved.
D. The prepayment application releases funds of 100 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 200 USD.
E. The prepayment application releases funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 100 USD.
F. The budget will be released only for the USD 300 invoice amount.
Answer: F
QUESTION 9
What is the most efficient way to add a new year to the accounting calendar?
A. Add the periods manually
B. Use the Add Year button
C. Import the periods from a spreadsheet
D. The application automatically populates the next year when you open the first period of a new fiscal year
Answer: D
Explanation:
https://docs.oracle.com/cd/E13228_01/fscm9pbr0/eng/psbooks/fspf/chapter.htm?File=fspf/htm/fspf13.htm
QUESTION 10
Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments. Which two recommendations would you give your customer? (Choose two.)
A. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
B. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry.
C. Additional intercompany rules will need to be defined for the two additional balancing segments.
D. Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
Answer: AD
QUESTION 11
Your customer is having issues transferring intercompany transactions to General Ledger. Identify three reasons for this. (Choose three.)
A. The intercompany transaction is not approved.
B. The corresponding Payables and Receivables invoice have not been generated.
C. If they are different, then the exchange rate is missing between the intercompany and ledger currency.
D. The intercompany period is closed.
E. Both the intercompany and general ledger periods are open.
Answer: ABC
QUESTION 12
Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?
A. Financial Reporting Center
B. Oracle Transactional Business Intelligence (OTBI)
C. Intelligence Publisher (BI Publish)
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)
Answer: B
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