ERPstuff Portal & Forums - Oracle Quizzes

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1

Which of the following depreciation methods does Oracle Assets not support?

Life Based

Units of production

Dimension-based

Fixed Rate

2

CIP asset start depreciating when?

Retired

Created

Capitalized

Leased

3

You cannot segregate data into Operating Units of?

Accounts Payable

Fixed Assets

Accounts Receivable

Purchasing

4

Can You Delete A Capitalized Asset For Which Depreciation Is Computed ?

Yes

We Can Delete Expensed Asset Only

You Can Only Delete Assets Added In Current Period

All Of The Above

5

Penny Cost Adjustment Results In ?

Change In Cost

Recompute Current Month Deprecaitions

Asset Cost Is Revalued

Recompute Accumulated Depreciations

6

When Assets Are Uploaded In Detail Using Webadi What Should Be The Queue Status In The Web Adi Template ?

New

Post

Capitalize

Additions

7

Is It Mandatory For You To Set Mo: Operating Unit Profile Option For Fixed Asset Responsibility?

Yes, For Every Subledger We Need To Set It

No, Fixed Asset Module Is Not Multi Org Specific

It Is Mandatory Only When Asset Module Is Integrated With Projects

System Will Not Allow You To Set This Profile For Assets

8

Accounting Entries Are Created For What Type Of Assets

Capitalized Asset, Group Asset, And Cip Asset

Only For Capitalized Asset And Cip Asset

Only For Capitalized Assets

All Type Of Assets

9

How To Setup System Controls For Each Asset Book ?

Profile Option Needs To Be Set

New Key Flexfield Structure Needs To Be Defined

It Is One Time Setup And Fixed For The Whole Environment

Option 1 And Option 2

10

How System Capitalizes Cip Asset ?

System Will Send The Capitalized Asset To Mass Additions Interface

Full Cip Asset Is Capitalised As 1 Capitalized Asset To The Category Specified

User Will Be Promted To Capitalize 1 Cip Asset To More Than 1 Capitalized Asset

None Of The Above

11

Depreciation Is Computed Based On?

Prorate Calendar

Depreciation Calendar

Prorate Convention

All Of The Above

12

Which Standard Program Fetches Diagnostic Output Of An Asset ?

Apps Check

Fnd Debug Log

Asset Trace

Asset Health Check

13

Every Addition/adjustment/retirement To An Asset Will Generate Sequence Numbers As Setup In Document Sequencing

Only For Initial Asset Creation Sequence Is Generated

Document Sequencing Not Applicable To Assets

Yes

None Of The Above

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