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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
1. Your company needs a solution that provides the option of transferring a high volume of customer receipts from the bank into the Oracle Accounts Receivable system. You do not want the customers account balance to be affected immediately when the receipts are transferred and uploaded to the receivables system. Which is the most appropriate receipt creation method to implement in Oracle Receivables?
A) Cash receipts
B) Automatic receipts
C) Miscellaneous receipts
D) Manual receipts
E) Quickcash receipts
2. Which three activities would use summary accounts? (Choose three.)
A) Allocating the total monthly costs of the Information Services department to other departments
B) Estimating a sales commission accrual based on the total of all product sales for each division
C) Creating a monthly recurring standard journal entry to amortize goodwill
D) Formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries
3. XYZ Company uses financial statement generator reports to produce profit and loss statements and balance sheet reports. Occasionally, XYZ Company needs to run a report that is slightly different from the standard ones that have been created. Identify two types of changes the XYZ Company can make by using the Row Order feature to accomplish this need. (Choose two.)
A) Changing how rounding options are performed
B) Displaying segment values and descriptions
C) Sorting based on column values
D) Adding a new calculation
4. Computer Operations Inc. has its headquarters in Frankfurt. It uses two ledgers: one for corporate accounting (primary) and another for statutory reporting (secondary). Both ledgers have different charts of accounts and accounting calendars but use EUR as the functional currency. It has a subsidiary in California, which uses its own chart of accounts and the USD currency. Identify two options by which Computer Operations Inc. can consolidate their global operations. (Choose two.)
A) A new ledger set must be defined, which will group the Frankfurt primary ledger and the California secondary ledger.
B) The chart of accounts and calendar of the Frankfurt secondary ledger must be the same as that of the California secondary ledger.
C) Consolidation can be done by mapping between the California secondary ledger and the Frankfurt secondary ledger.
D) A secondary ledger must be defined for California.
5. When you define an assignment rule in Bill Presentment Architecture, you specify one or more criteria for content item values. Select the three items contained in each criterion. (Choose three.)
A) Condition
B) Attribute name
C) Primary data source
D) Value
E) Template
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: A,B,D | Question # 3 Answer: B,C | Question # 4 Answer: A,D | Question # 5 Answer: A,B,D |







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