Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:

1. You have the following information:
The Accounting flexfield structure is "company, department, product, account."
Product has two rollup groups: domestic and international.
Department has one rollup group: manufacturing.
All accounting flexfield segment values can use alphanumeric characters.
Which summary account template would Oracle General Ledger fail to create?
(D: Detail)
(T:
Total)

A) T-D-D-D
B) D-D-D-D
C) T-manufacturing-international-D
D) D-manufacturing-D-T
E) T-T-T-T
F) D-T-domestic-D

2. John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company. John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies. What does John say to help Sam?

A) Currency Rates Manager automatically converts all transactions entered in INR to USD.
B) Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.
C) Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.
D) Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.
E) Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.

3. ABC Corp. is implementing General Ledger, Payables, Receivables, and Cash Management. Identify two points of integration between General Ledger, Payables, Receivables, and Cash Management. (Choose two.)

A) Receivablessends accrued revenue accounting entries to General Ledger.
B) Cash Management does not send bank reconciliation accounting entries to General Ledger.
C) Receivablessends bank reconciliation accounting entries to General Ledger.
D) Cash Management sends bank reconciliation accounting entries to General Ledger.
E) Payablessends bank reconciliation accounting entries to General Ledger.

4. Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

A) Create the database link.
B) Download Web ADI.
C) Determine the data to be reported.
D) Define attributes for rows and columns.
E) Decide which rows and columns will make up the report.

5. AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window. Identify the correct sequential combination of steps that are executed while running the AutoLockbox concurrent process in Oracle Receivables.

A) Import bank file, validate data, postQuickCash
B) Enter receipts, import bank file, validate data, postQuickCash, apply receipts
C) Enterreceipts, validate data, apply QuickCash
D) Enter receipts, import bank file, validate data,post quickcash
E) Import bank file, enter receipts, validateQuickCash

Solutions: