Last Updated: May 30, 2026
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1. To review All of Todays selected invoices from the payment process request in the Payment Manager, perform these actions:
1.Navigate to the Payment Process Request component.
2.Navigate to the (B) Views window.
3.Select All of Todays from the drop-down list.
4.Click the Go button.
5.The payment process request for today is displayed.
Select the actions, arranged in their proper sequence.
A) 2, 3, 4, 5
B) 1, 2, 3, 4, 5
C) 5, 2, 3, 4
D) 5, 2, 3, 4, 5
2. Identify three statements that are true for E-Business Tax. (Choose three.)
A) E-Business Tax provides a single point solution for managing your transaction-based tax requirements.
B) E-Business Tax provides seeded tax registration types for local organizations.
C) E-Business Tax transactions are strictly controlled and cannot be changed.
D) E-Business Tax uniformly delivers tax services to all E-Business Suite business flows through one application interface.
E) E-Business Tax provides a common model for setting up tax data for tax determination and tax calculation.
3. Identify the default value for the term date that would extend the time to pay an invoice, if the payment term is net 30 days.
A) invoice date
B) goods received date
C) invoice entered date
D) system date
E) invoice received date
4. Select the correct sequence of tasks required for period closing in Oracle General Ledger.
1.Verify that all journals are posted.
2.Close the period of each subledger.
3.Run the Trial Balance report and other month-end reports.
4.Close the period and open the next period.
5.Perform reconciliation of subsidiary ledgers.
6.Transfer and import data from all subledgers.
A) 6, 5, 2, 1, 3, 4
B) 6, 5, 2, 1, 4, 3
C) 6, 2, 3, 1, 5, 4
D) 3, 2, 1, 6, 4, 5
E) 6, 5, 1, 3, 2, 4
5. Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)
A) Only one action can be defined per parent segment.
B) Consolidations based on account rules process faster.
C) Segment rules override account rules if there is any conflict.
D) A segment rule action must be defined for each segment in the parent chart of accounts.
E) Consolidations based on segment rules process faster.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,D,E | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A,D,E |
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