Oracle 1z1-415 : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Oracle 1z1-415 Exam Syllabus Topics:

Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. A back-dated loan is initiated and "Liquidate Back Valued Schedules" is set to Yes at the account level. Which statement is true? (Choose the best answer.)

A) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed only during EOD
B) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed when the loan account is authorized
C) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.
D) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed only during EO

2. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Secured LC
B) Standby LC
C) Usance payment LC
D) Shipping Guarantee
E) Reimbursement type LC

3. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) written down value
B) straight line method
C) activity depreciation method D sum of digits depreciation method

4. Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

A) BCDTRNON
B) BCDCONOL
C) BCDCONON
D) BCDTRONL

5. 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 522. The system allows you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
C) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
D) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.

Solutions: