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

1. ABC Company's requirement is that all mass allocation journals must be approved by using the journal approval process. When the company accountant enters his or her mass allocation journals, these journals must be routed to his or her manager for approval, then to the CFO, and finally to the CEO for review and final approval. Select the option that would help ABC Company meet this requirement.

A) Go up the management chain
B) One stopgo direct
C) Go direct to the person with sufficient authorization limit
D) Go to peers

2. Several fields are required during manual invoice entry. Which are the fields required at the header level?

A) Date, legal entity, bill-to, source, type, class, remit-to
B) Date, customer, source, type, General Ledger (GL) date, class
C) Date, source, class, type, GL date, legal entity, bill-to, terms, remit-to
D) Terms, date, bill-to, source, legal entity, type, remit-to
E) Date, customer, source, type, GL date, legal entity

3. Identify three entities that can become a party in Oracle Trading Community Architecture (TCA). (Choose three.)

A) A business contact email
B) A business mailing address
C) A business organization
D) A business contact telephone
E) A personal relationship
F) An individual customer

4. The Receipt Inherit Invoice Number option affects only receipts created by _____.

A) The Automatic Receipts program
B) Oracle Cash Management
C) The AutoLockbox program
D) Oracle Trade Management

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

Solutions: