Oracle Financials Questions And Answers #1

R12 Oracle Financials

Modules: GL, AP, AR, FA and CE

1. Which module is not included in Procurement?

a) Oracle Payables
b) Oracle Purchasing
c) Oracle Order Entry
d) Oracle Cash Management
e) Both C) and d)
f) Both b) and d)

2. Top Ten List is

a. Shortcuts to up to ten user-defined functions
b. Shortcuts to the ten most frequently used functions
c. Shortcuts to exactly ten user-defined functions
d. List of the top ten new features

3. Which of the following data are not partitioned by operating units?

a. Payables
b. Assets
c. Receivables
d. Purchasing
e. Order Management

4. Which of the following are reasons why it is desirable to share information between applications?

a. Minimizes time for implementation setup
b. Makes information available to every application in the system
c. Minimizes data synchronization problems, because each piece of data is kept in only one table
d. Keeps users from having to enter identical data in more than one place
e. Increases processing speed

5. Which of the following is not a qualifier for an accounting flexfield?

a. Balancing segment
b. Category segment
c. Natural account segment
d. Cost center segment
e. Secondary Tracking Segment
f. Management Segment

6. Which of the following is not an organization classification?

a. Primary Ledger
b. Legal entity
c. Operating unit
d. Inventory organization
e. Business Group

7. How are journal entries in Oracle General Ledger organized?

a. Lines, Headers, Batches
b. Groups and then Lines
c. Batches, Headers and then Lines
d. Worksheets, headers, lines
e. Batches, Worksheets and Headers

8. Is it necessary to change password at regular intervals in Oracle Applications?

a. True
b. False

9. It is possible to create Responsibility for General Ledger Application without Menu?

a. True
b. False

10. The maximum number of segments in Chart of Accounts flexfield is 40.

a. True
b. False

11. Which of the following is not part of Responsibility?

a. Menu
b. Data Group
c. Request Group
d. Password
e. None of the above

12. Descriptive Flexfields are mandatory in Oracle Applications.

a. True
b. False

13. Chart of Accounts is a good example for Descriptive Flexfield in Oracle.

a. Yes
b. No

14. Once we login to Oracle Applications, we can not logout immediately.

a. True
b. False

15. What is CCID?

a. Cross Currency ID
b. Code Combination ID
c. Cost Center ID
d. Compilation Code ID
e. None of the above

16. It is necessary to configure MO: Operating Unit for Accounts Payables Application?

a. True
b. False

17. Oracle Alerts can be used to send alert messages to managers in the company?

a. True
b. False

18. Which of the following is not a valid Oracle Alert?

a. Periodic alert
b. Event Alert
c. Monthly Alert
d. Yearly Alert
e. All of the above
f. Both C) and d)

19. Oracle workflow can be used for

a. sending notifications to employees as required
b. setting approvals mechanism in the company
c. implement business flow in company
d. All of the above

20. One of the users in the company forgot his password. Which of the following is appropriate?

a. User will not be able to login to the application in his lifetime
b. User can request system administrator to change the password
c. system administrator needs to create a new user immediately
d. Company needs to dismiss the employee for forgetting the password
e. None of the above

21. What is MOAC?

a. Multiple Organization Access Control
b. Multiple Organization Applications Control
c. Multiple Operations Units Access Control
d. Match Organizations with Account Codes
e. None of the above

22. Which of the following is optional while defining Responsibility?

a. Menu
b. Start Date
c. Data Group
d. Request Group
e. None of the above

23. What is the difference between Key Flexfield (KFF) and Descriptive Flexfield (DFF)?

a. KFF and DFF are Mandatory
b. KFF and DFF are Optional
c. KFF is Optional and DFF is Mandatory
d. KFF is Mandatory and DFF is Optional
e. None of the above

24. What of the following is true?

a. Responsibility is attached to Menu
b. Responsibility is attached to User
c. Menus are attached to User
d. User is attached to Responsibility
e. None of the above

25. What of the following is a good example for Oracle Workflow?

a. Posting of GL Journals
b. GL Journal Approval
c. GL Budget Creation
d. Creation of Responsibility in Sys Admin
e. None of the above

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Answers:

Those which are blank means I do not know the answers and I leave it to you to find it yourself.

1 C

2 A

3 B

4

5 B

6 A

7 C

8 B

9 B

10 B 30

11 D

12 B

13 B

14 B

15 B

16 A

17 A

18 F (Probably, not sure)

19 B

20 B

21 A

22 E

23 D

24 B

25 B

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