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Oracle 1Z0-573 Exam Sample Questions

Question 1

When an organizaton must report informaton about the classifcaton of vendors, they will need to

______.

1. contact the US Department of Labor

2. defne the sources of government certfcatons and then defne the government certfcaton classifcatons

3. fle certfcatons with IRS

4. apply this informaton to the vendors’ ship-to locaton

Aoswern D

Explanatonn

Referencen htpn::docs.oracle.com:cd:EE1332__E:fscmmpbr_:eng:psbooos:spog:chapter.htmm?ileespog:htm:spog _6.htm

Question 2

Which three statements are true with regard to the Accounts Payable and General Ledger interfacem

  1. A Payable business unit can be tagged to multple General Ledger business units but not vice versa. B.General Ledger business units defne most of the accountng processing for their associated Payables business units.

3. Payables journal templates for ACCRUALS and PAYMENTS are tagged at the General Ledger business unit defniton level.

4. The base currency for a Payables business unit is defned by the General Ledger business unit with which it is associated.

5. Tagging a VAT-enabled General Ledger business unit to a Payables business unit maoes the Payables business unit VAT applicable.

Aoswern B,C,D

Explanatonn

Referencen htpn::docs.oracle.com:cd:E1m921__E:fscmm3pbr_:eng:fscm:fapy:concept_UnderstandingPeopleSooPa yablesBusinessUnits-mf7144.html

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Question 3

A vendor has fve locatons – one each in the New Yoro, Germany, ?rance, Italy, and the UK. How many vendor ID numbers should be createdm

1. One Vendor ID

2. ?ive Vendor IDs representng each country

3. Two Vendor IDs – one representng the US and the second for all European countries

4. Three Vendor IDs – one each for the US, the UK, and the European Union

Aoswern C

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Question 8

What are two Ofce of ?oreign Asset Control (O?AC) Vendor Compliance requirementsm

1. Compliance from all US-based persons and businesses

2. Importable SDN List

3. Canadian vendors are unable to collect tax breaos in the US

4. Vendors fnancial history is accessible from anywhere

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Question 1

When an organizaton must report informaton about the classifcaton of vendors, they will need to

______.

1. contact the US Department of Labor

2. defne the sources of government certfcatons and then defne the government certfcaton classifcatons

3. fle certfcatons with IRS

4. apply this informaton to the vendors’ ship-to locaton

Aoswern D

Explanatonn

Referencen htpn::docs.oracle.com:cd:EE1332__E:fscmmpbr_:eng:psbooos:spog:chapter.htmm?ileespog:htm:spog _6.htm

Question 2

Which three statements are true with regard to the Accounts Payable and General Ledger interfacem

  1. A Payable business unit can be tagged to multple General Ledger business units but not vice versa. B.General Ledger business units defne most of the accountng processing for their associated Payables business units.

3. Payables journal templates for ACCRUALS and PAYMENTS are tagged at the General Ledger business unit defniton level.

4. The base currency for a Payables business unit is defned by the General Ledger business unit with which it is associated.

5. Tagging a VAT-enabled General Ledger business unit to a Payables business unit maoes the Payables business unit VAT applicable.

Aoswern B,C,D

Explanatonn

Referencen htpn::docs.oracle.com:cd:E1m921__E:fscmm3pbr_:eng:fscm:fapy:concept_UnderstandingPeopleSooPa yablesBusinessUnits-mf7144.html