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

1. Your client wants to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of the cost center segment. A business unit is a group of cost centers, and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client's requirements?

A) defining parent cost centers and a hierarchy of parent/child cost centers; defining summary accounts for the parent cost centers; creating FSG based on the parent cost center values or summary accounts
B) defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers; creating FSG based on the rollup groups
C) defining parent cost centers and a hierarchy of parent/child cost centers; creating summary accounts based on the parent cost centers; creating FSG based on the parent cost center values
D) defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers, and summary accounts; creating FSG based on the parent cost center values or summary accounts

2. The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes. As an implementation consultant, what one recommendation would you make to meet the above requirement?

A) Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.
B) Create a primary ledger with standard cash, and a reporting ledger with standard accrual.
C) Create two primary ledgers with the standard accrual method.
D) Create two primary ledgers with the standard cash method.
E) Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.

3. Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)

A) If you want to pay multiple invoices, none can be a pay-alone invoice.
B) You can select only those invoices that have the same supplier site as the payment supplier site you enter.
C) You can pay only as many invoices as you defined for the remittance advice of the payment document.
D) If you want to pay multiple invoices, none can be of an invoice type of prepayment.
E) You can select only those invoices that are due.

4. Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

A) Accounts Payable Trial Balance
B) Matched and Modified Receipts Report
C) Payables Posted Invoice Register
D) Accrual Write-Off Report
E) Payables Posted Payment Register
F) Uninvoiced Receipts Report

5. Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)

A) recurring invoices if the approval workflow option required was not enabled on the template
B) invoices created after invoice workflow approval is enabled
C) invoices imported through EDI
D) expense reports imported through the Payables Expense Report Import program
E) invoices created using the Pay on ReceiptAutoinvoice program

Solutions: