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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
1. You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?
A) Assign payment terms that have four discount periods defined.
B) Assign an accounting rule with four schedules.
C) Create four lines and assign different payment terms to each line.
D) Assign an invoicing rule with four schedules.
E) Assign payment terms that have four payment schedules.
2. The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default. What would be your response?
A) If the client wants to do this, the budget status must be open.
B) If the client wants to do this, customization of Oracle Workflow is the only option.
C) The Oracle General Ledger budget functionality cannot satisfy this requirement.
D) If the client wants to do this, the budget status must be current.
3. Identify three entities that can become a party in Oracle Trading Community Architecture (TCA). (Choose three.)
A) A business contact email
B) An individual customer
C) A business contact telephone
D) A personal relationship
E) A business mailing address
F) A business organization
4. Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.
1.suspense account - suspense posting
2.reserve for encumbrance account - exchange rate gain/loss
3.non-postable net income account - average balance processing
4.ledger currency balancing account - for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value
5.entered currency balancing account - for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value Identify two correct mappings of accounts. (Choose two.)
A) 2
B) 3
C) 4
D) 5
E) 1
5. Identify a correct statement about profile classes.
A) Profile classes can be assigned to party, customer account, and account site levels.
B) Credit checking is managed in Receivables and Credit Management.
C) Profile classes include credit check, credit collector, payment term, statement cycle, and statement-to address.
D) Profile classes can be assigned at the site level if the site has active bill-to and ship-to address purposes.
E) Late charge type includes adjustment, debit memo, and interest invoice.
Solutions:
Question # 1 Answer: E | Question # 2 Answer: D | Question # 3 Answer: B,D,F | Question # 4 Answer: B,E | Question # 5 Answer: E |