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| Section | Objectives |
|---|---|
| Topic 1: Cash Management | - Bank Reconciliation - Bank Account Setup |
| Topic 2: Accounts Receivable | - Customer Management - Receipts and Collections - Billing and Invoicing |
| Topic 3: Accounts Payable | - Payment Processing - Supplier Management - Invoice Processing |
| Topic 4: Oracle Financials Cloud Overview | |
| Topic 5: Fixed Assets | - Asset Creation and Management - Depreciation Processing |
| Topic 6: General Ledger | - Chart of Accounts and Ledger Configuration - Financial Reporting Basics - Journal Processing |
1. Your organization follows the integrated invoice imaging solution to scan and process sup-plier invoices. Steve is a Payables clerk and his job is to regularly review the invoices created from an invoice image that has invalid or missing dat a. In which status can these invoices be found? (Choose the best Answer.)
A) Needs Revalidation
B) Validated
C) Not Validated
D) Incomplete
2. Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)
A) Procure to Pay
B) Budget to Report
C) Invoice to Cash
D) Asset to Retirement
3. Your organization has recently made changes to one of the accounting rules to comply with the new accounting requirement. In which mode will you generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting? (Choose the best Answer.)
A) Interim
B) Temporary
C) Provisional
D) Draft
4. Which process involves the comparison of planned versus actual figures by designing re-ports with the help of state-of-the-art reporting tools? (Choose the best Answer.)
A) Accounting Transformation
B) Procure to Pay
C) Budget to Report
D) Invoice to Cash
5. Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)
A) Lockbox
B) Toolbox
C) Spreadsheet
D) Automatic Receipts
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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