Pass4side Oracle 1Z1-225 Hot Exam-3

Oracle EBS R12: Inventory and Purchasing Fundamentals
Updated: 2008-9-28
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11. Identify the correct sequence of steps in the purchase order period close business flow.
A. 1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3. Close the purchasing
perioD. > 4. Process remaining inventory transactions and close the inventory accounting perioD. > 5. Run
the Accrual Rebuild Reconciliation report. > 6. Write off accrued transactions as necessary. > 7. Create a manual
journal entry for write-offs.
B. 1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3. Close the purchasing perioD.
> 4. Run the Accrual Rebuild Reconciliation report. > 5. Write off accrued transactions as necessary. > 6. Create a
manual journal entry for write-offs. > 7. Process remaining inventory transactions and close the inventory
accounting perioD.
C. 1. Process remaining inventory transactions and close the inventory accounting perioD. > 2. Run the
Accrual Rebuild Reconciliation report. > 3. Write-off accrued transactions as necessary. > 4. Create a manual
journal entry for write-offs. > 5. Review the Uninvoiced Receipts report. > 6. Process period-end accruals. > 7.
Close the purchasing perioD.
D. 1. Process remaining inventory transactions and close the inventory accounting perioD. > 2. Review the
Uninvoiced Receipts report. > 3. Process period-end accruals. > 4. Close the purchasing perioD. > 5. Run the
Accrual Rebuild Reconciliation report. > 6. Write-off accrued transactions as necessary. > 7. Create a manual
journal entry for write-offs.
ANSWER: A

12. Select three statements that are true regarding the clearing account. (Choose threE. )
A. An asset clearing account can also be used as a project clearing account.
B. You can have a maximum of one asset clearing account per asset category.
C. For each payables document you create, you can have a separate cash clearing account.
D. You can use Cash in Transit report in cash management only if cash clearing account and cash account are separatE.
E. You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet.
ANSWER: BCE

13. While implementing a procurement solution for BAC Corp., you noted the following business requirements:
a) Do not require purchase order approval if the unit price is increased or decreased by less than 15 percent.
b) Add comments in the Approve Purchase Order Reminder notification.
c) Change the number of days for the Approve Requisition Reminder notification.
Which two workflows need to be modified to meet these requirements? (Choose two.)
A. PO Change Order Workflow
B. PO Requisition Approval Workflow
C. Purchase Order Approval Workflow
D. Create Purchase Order or Releases Workflow
E. PO Send Notifications for Purchasing Documents Workflow
ANSWER: BD

14. Which are the three mandatory fields when defining a supplier bank header? (Choose threE. )
A. Bank
B. Bank branch
C. Bank contact
D. Bank account number
E. Bank operating account
ANSWER: ABD

15. Your client wants the ability to perform the following tasks:
1)Allow requestors to self-approve purchasing requisitions if their approval levels are appropriatE.
2)Allow an approver to modify a purchasing requisition if necessary.
3)Allow requestors to forward their purchasing requisitions to different people if necessary.
4)Withdraw the ability to change the default “Forward From?on the purchasing requisition when approving the
samE.
5)Allow the purchasing requisition to follow the entire approval hierarchy until it reaches a person who can
approve the document regardless of authority.
6)Allow everyone to view each others?purchasing requisitions.
Which seven actions would satisfy the client’s requirements? (Choose seven.)
A. Set the Access Level for the Purchasing Requisition document type to Full.
B. Set the Security Level for the Purchasing Requisition document type to PubliC.
C. Set the Security Level for the Purchasing Requisition document type to PrivatE.
D. Set the Forward Method for the Purchasing Requisition document type to Direct.
E. Select the Owner Can Approve box for the Purchasing Requisition Document TypE.
F. Set the Forward Method for the Purchasing Requisition document type to Hierarchy.
G.Deselect the Owner Can Approve box for the Purchasing Requisition document typE.
H.Select the Approver Can Modify check box for the Purchasing Requisition document typE.
I.Deselect the Approver Can Modify check box for the Purchasing Requisition document typE.
J.Select the Owner Can Forward-To check box for the Purchasing Requisition document typE.
K.Deselect the Can Change the Forward-From box for the Purchasing Requisition document typE.
ANSWER: ABEFHJK