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

1. XYZ Company uses Oracle General Ledger. They have a practice of loading data from the legacy systems into the GL_INTERFACE table, from where they import it into Oracle General Ledger. They have enabled four account segments. In the Key Flexfield Segments window, you find that:
Segment 1 corresponds to the SEGMENT1 column Segment 2 corresponds to the SEGMENT2 column Segment 3 corresponds to the SEGMENT4 column Segment 4 corresponds to the SEGMENT5 column Identify the columns of the GL_INTERFACE table with the data that must be populated.

A) Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5
B) Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5
C) Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT3, Segment 4 in GL_INTERFACE.SEGMENT4
D) Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT3

2. Identify two reasons why ABC Company would use Oracle Business Intelligence (BIS) as one of their reporting tools. (Choose two.)

A) Executive-level information about earnings per share and current ratios can be obtained.
B) Provide a secured and centralized location to produce and manage point-in-time reports.
C) Monitor the business at a high level and obtain performance measures by using business metrics.
D) Create consolidated reports and perform consolidation for companies that share the same ledger.
E) Perform ad hoc query, reporting, analysis, and Web publishing.

3. What does the concurrent program Automatic Reversal do? (Choose two.)

A) Generates and posts reversal journals if the journal reversal criteria has theAutoReverse and AutoPost reversals enabled for the category
B) Generates reversals for the journal batches that you specify
C) Generates reversals for all journals in a date range
D) Generates reversal journals for all journal categories that haveAutoReverse enabled

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

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

5. Before you can create customer invoices, you have to define customers and your remit-to address. Identify five additional setups that are required before you can create invoices in Receivables. (Choose five.)

A) payment terms
B) Transaction sources
C) Standard memo line
D) AutoAccounting
E) System and profile options
F) Customer account relationships
G) Receivables transaction types

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