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

1. The organization that Receivables uses to validate items is set up using _____.

A) The AR: Item Validation Organization profile option
B) Item validation organization in the OM Parameters window
C) The AR: ItemsFlexfield Mode profile option
D) The AR: Allow Manual Invoice Lines profile option

2. Identify the two tasks that you can achieve by using sequential numbering. (Choose two.)

A) Enable sequential invoice numbers.
B) Enable gapless sequence numbers.
C) Sequentially number GL andsubledger journal entries.
D) If you use journal- orsubledger-level reporting currencies and when sequences are defined for the source ledger (such as the primary or secondary ledger), the sequence number generated for the source ledger is automatically assigned to the reporting currency journal.

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

4. After you define a credit analyst, you can modify any of the analyst's information, except _____.

A) Group and group member role
B) Username and organization
C) Cost center and employee
D) Organization and territory
E) Employee and group
F) Employee and username

5. Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle General Ledger and had been eager to test it. However, she was unable to test it in the Conference Room Pilot (CRP) instance. What would be your explanation?

A) The GL period is closed.
B) The GL account code combination is invalid.
C) The budget dates in the budget organization have a different date range.
D) Budget journals are required at the ledger level.
E) The budget status may be frozen.

Solutions: