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Question ID 3242

Select three statements that are true regarding the clearing account. (Choose three.)
 

Option A

A.    An asset clearing account can also be used as a project clearing account.
 

Option B

B.    You can have a maximum of one asset clearing account per asset category.
 

Option C

C.    For each payables document you create, you can have a separate cash clearing account.

 

Option D

D.    You can use Cash in Transit report in cash management only if cash clearing account and cash account are separate.
 

Option E

E.    You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet.

Correct Answer B,C,E
Explanation


Question ID 3243

Your client has the following requirements for electronic delivery of purchasing documents to indirect spend vendors:
1.    No third-party software should be needed; the built-in Oracle functionality should be used.
2.    No special supplier set up should be required; the supplier should need minimal resources to participate.
3.    No requirement for audit trail or confirmation. The best method within standard functionality is _____.

 

Option A

A.    EDI
 

Option B

B.    XML
 

Option C

C.    Email
 

Option D

D.    Facsimile
 

Option E

E.    Direct interface

Correct Answer C
Explanation

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