Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)
A. canceling invoices
B. performing receiving
C. scheduling payments
D. creating purchase orders
E. creating purchase order detailed accounting information
Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)
A. You receive goods or services from suppliers.
B. You need supplier information for entering purchase orders.
C. You must pay the supplier for the goods or services purchased.
D. You need a supplier as the criterion to search for a payment in the system.
E. You need a supplier as the criterion to search for purchase orders in the system.
Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year.
The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.
A. prior year budget monetary and prior year budget statistical
B. prior year actual monetary and current year budget statistical
C. prior year budget monetary and current year budget statistical
D. current year actual monetary and current year actual statistical
E. current year budget monetary and current year budget statistical
Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)
A. Use the divide evenly rule with the 4/4/4 spread.
B. Use the divide evenly rule with the 4/5/4 spread.
C. Use the divide evenly rule with the 5/4/4 spread.
D. Use the divide evenly rule with the 4/4/5 spread.
Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?
A. You can delete the budget and the budget organization after they have been defined.
B. You cannot delete the budget or the budget organization after either has been defined.
C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.
D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.
Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval, he wants his assistant accountants to NOT be able to update this budget. What would be your response?
A. The budget status must be current.
B. Set the budget status to frozen to meet this need.
C. The Oracle General Ledger budget functionality cannot satisfy this requirement.
D. If the client wants to do this, customization of Oracle Workflow is the only option.
The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default. What would be your response?
A. If the client wants to do this, the budget status must be open.
B. If the client wants to do this, the budget status must be current.
C. The Oracle General Ledger budget functionality cannot satisfy this requirement.
D. If the client wants to do this, customization of Oracle Workflow is the only option.
Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choose what Sam would have explained to John.
A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.
B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.
C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.
D. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make the transfer.
The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period. You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?
A. The budget year is open.
B. The budget status is frozen.
C. The budget status is current.
D. The Require Budget Journal profile option is set at the set of books level.
The management segment qualifier must be attached to which key flexfield segment?
A. future segment
B. account segment
C. company segment
D. department segment
E. intercompany segment
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