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

1. The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

A) Complete the accounting setup.
B) Update accounting options.
C) Create an accounting setup structure.
D) Approve accounting options.

2. Identify four steps involved in the setup for late charges. (Choose four.)

A) Deriving accounting from transaction type when late charges are in adjustment format
B) Enabling late charges in the Receivables System Options form
C) Enabling late charges in the System Profiles form at the user level
D) Indicating if a specific invoice should be exempt from late charges at the transaction level
E) Indicating by transaction type if a late charge policy is enforced
F) Assigning different policies to your customers

3. Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and ABC South.She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions and journal entries. Identify the right option in the given scenario.

A) No balancing segment values will be available to enter transactions and journal entries.
B) All balancing segment values will be available to enter transactions and journal entries.
C) ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.
D) ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.
E) ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.

4. When you assign a template to a rule in Bill Presentment Architecture, you enter a range of ___.

A) Transaction dates
B) Customer accounts
C) Data sources
D) Transaction types

5. Treeline Company is getting ready to complete its month-end process. It needs to create a profitandloss statement and wants to use the Financial Statement Generator feature to create the report. Which two elements are required to create the report? (Choose two.)

A) Column set
B) Row set
C) Content set
D) Report set
E) Workbook

Solutions: