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

1. Identify three profile options that affect the integration of Oracle Receivables with other Oracle applications. (Choose three.)

A) AR: Change Customer on Transaction
B) AR: Application GL Date Default
C) EB Tax: Invoice Freight as Revenue
D) EB Tax: Inventory Item for Freight
E) OM: ItemFlexfield

2. Party Merge provides the capability to merge parties and their related entities in the Oracle Trading Community Architecture (TCA) Registry, thereby eliminating duplicate data in the Registry. Select four entities that can be successfully merged using the Party Merge functionality. (Choose four.)

A) You can merge organizations with organizations.
B) You can merge individuals with individuals.
C) You can merge bill-to sites with ship-to sites.
D) You can merge bill-to sites with bill-to sites.
E) You can merge individuals with organizations.

3. ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has multiple ledgers and needs to summarize balances across ledgers. ABC Enterprise is security conscious and wants to restrict user access on ledgers. All its ledgers share the same chart of accounts and accounting calendar or period-type combination. Identify which functionality of Oracle General Ledger serves the need of ABC Enterprise.

A) Ledgers
B) Consolidation
C) Ledger sets
D) Balance transfers
E) Data access sets

4. 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) Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.
E) Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.

5. In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program. What two requirements are necessary to run this program? (Choose two.)

A) The same ledgers must be defined in both instances.
B) Enable the FSG:AutoCopy profile option in the production environment.
C) Database links must be defined.
D) The same row and column sets must exist in the production environment.

Solutions: