0

packaged enterprise solutions Online Quiz - 21

Description: packaged enterprise solutions Online Quiz - 21
Number of Questions: 20
Created by:
Tags: packaged enterprise solutions
Attempted 0/20 Correct 0 Score 0

Connectors emerging from an assignment represent connector flow actions. Is this statement true or false?

  1. True

  2. False


Correct Option: B

When would you choose a Fork over a Decision

  1. When you want to invoke a MapValue (not a MapValue Pair)

  2. When you want to test something about the work object

  3. They are interchangeable

  4. All of the above


Correct Option: C

A flow can have none, one or many Flow End shapes

  1. True

  2. False


Correct Option: B

Can we give audit not in utility

  1. True

  2. False


Correct Option: B

AI Explanation

To answer this question, we need to understand the concept of audit and its purpose.

An audit is an independent examination of financial statements and records to determine their accuracy and reliability. It is typically conducted by a professional auditor who examines the financial transactions, internal controls, and compliance with laws and regulations of an organization.

Now, coming back to the question, the statement is: "Can we give audit not in utility?"

The correct answer is B) False.

This is because audits are not limited to utility companies. Audits can be conducted in various industries and organizations, including but not limited to utility companies. Audits are conducted to ensure transparency, accountability, and adherence to financial and legal standards, regardless of the industry or sector.

Therefore, it is incorrect to state that audits are limited to utility companies only.

Local Flow Actions update a work object, but do not complete the assignment with which they are associated. The attachment local actions update the work object, as reflected in the history of that object. Is this statement true ?

  1. True

  2. False


Correct Option: B

In a Utility, how do I set a Status that can be tested in the flow?

  1. Use a Java step

  2. Call History-Add

  3. Use the TaskStatus-Add method

  4. Use a Transition


Correct Option: C

Which among the following can be a Journal Entry Source?

  1. A. Fixed Assets

  2. B. Projects

  3. C. Inventory

  4. D. All of the above


Correct Option: D

Which of the following explains the purpose of FSG Reports

  1. A. Create custom financial statements

  2. B. Create Consolidated report and perform consolidation for companies sharing the same general ledger

  3. C. Report on translated and foreign currency amounts

  4. D. All of the above


Correct Option: D

You can create ___________ to reverse accruals, estimates, temporary adjustments and reclassifications, or correct errors.

  1. A. Manual Journal Entries

  2. B. Reversing Journal Entries

  3. C. Recurring journal entries

  4. D. Mass allocation journal entries


Correct Option: B

___________ are used for transactions that repeat for every accounting period, such as accruals, depreciation charges, and allocations

  1. A. Mass Allocations

  2. B. Reversing Journal Entries

  3. C. Manual Journal

  4. D. Recurring Journals


Correct Option: D

__________are journal entries that utilize a single journal entry formula to allocate balances across a group of cost centers, departments, divisions or other segments.

  1. A. Mass Allocations

  2. B. Manual Entry

  3. C. Reversing Journal Entry

  4. D. None of the above


Correct Option: A

Oracle general ledger integrates with

  1. A. Payables

  2. B. Receivables

  3. C. Assets

  4. D. All of the above


Correct Option: D

Identify the sequence od steps involved in integrating with subledgers

  1. A. Subledgers -> Journals -> Journal Import -> Post

  2. B. Subledgers -> Journal Import -> Journals -> Post

  3. Subledger -> Post -> Journal Import -> Journals

  4. D. None of the above


Correct Option: B

Which of the following are key foreign currency concepts in oracle general ledger

  1. A. Conversions

  2. B. Revaluation

  3. C. Translation

  4. D. All of the above


Correct Option: D

Which of the following is a journal entry type

  1. A. Manual Journal Entries

  2. B. Recurring Journal entries

  3. C. All of the above

  4. D. None of the above


Correct Option: C

__________ is an account whose balance is the sum of balances from multiple detail accounts

  1. A. T Account

  2. B. Detail Account

  3. C. Summary Account

  4. D. Accrual Account


Correct Option: C

Which of the following is not a recurring journal type

  1. A. Skeleton Journals

  2. B. Standard Journals

  3. C. Variance Journals

  4. D. Formula Journals


Correct Option: C

_________ is a powerful feature to automate journal batch validation and generation

  1. A. Auto Lockbox

  2. B. Application rules

  3. C.Auto Cash

  4. D. Auto Allocations


Correct Option: D

Select the budget hierarchy method from the available options

  1. A. Top - Down Budgeting

  2. B. Bottom - Up Budgeting

  3. C. Middle - Out Budgeting

  4. D. All of the above


Correct Option: D

_____________report reconcile the general ledger cash account to the bank statement balance

  1. A. AP Reconciliation

  2. B. AR Reconciliation

  3. C. GL Reconciliation

  4. D. Assets Reconciliation


Correct Option: C
- Hide questions