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

1. ABC Company in India exports raw materials to XYZ Company in the USA. There is an outstanding invoice of INR 90,000,000 to be paid in two months. The USD-to-INR rate when the transaction was completed was 45. Now the USD-to-INR rate has changed from 45 to 40. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

A) XYZ Company has a negative impact by this rate change.
B) ABC Company has a positive impact by this rate change.
C) XYZ Company has a positive impact by this rate change.
D) ABC Company is not impacted at all by this rate change.

2. Select two correct journal types to be used based on the context provided. (Choose two.)

A) Company A wants to track floor space and other physical attributes for Mass Allocation. Use encumbrance journals.
B) Company E wants to track availability of funds against budgets. Use encumbrance journals.
C) Company D wants to track availability of funds against budgets. Use budget journals
D) Company B wants to track floor space and other physical attributes. Use statistical journals.

3. Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

A) Have similar ledger processing options
B) Have tax requirements that are specific for a legal entity
C) Open and close periods simultaneously
D) Operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes
E) Require autonomous document sequencing for a legal entity

4. An easy methodology to clarify how to define rollup groups for the summary account is to _____.

A) Review detailed financial reports
B) Look at industry standards
C) Sketch the summarization levels
D) Discuss it with all levels of management within the organization

5. Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

A) Data access sets
B) Subledger accounting method
C) Operating units
D) Ledgers
E) Definition access sets

Solutions: