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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. What does the system do when a future value dated deal is entered? (Choose the best answer.)
A) it does not book future dated accounting entries.
B) it passes accounting entries on the day of booking the contract.
C) User defines accounting entries on the Value Date.
D) it does not pass accounting entries on the day of booking the contract.
2. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)
A) Collection
B) Payment
C) Sweep (in and out)
D) Variable Payment
3. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)
A) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
C) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
D) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
4. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)
A) as per the Spot days maintained on the Bank Parameters screen
B) as per the Spot days maintained on the Currency Definition screen for USD
C) as per the Spot days maintained on the Branch Parameters screen
D) as per the Spot days maintained on the Currency Pair Definition screen for USD
5. Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)
A) Fixed Asset and Asset Management
B) Fixed Asset and Teller
C) Fixed Asset and Expense Processing
D) Fixed Asset and Allocation
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |
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