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

1. Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.

A) Unearned discount
B) Adjustment
C) Miscellaneous cash
D) Earned discount

2. Your company is using Oracle Receivables and Trade Management to create and resolve claims. A non-invoice-related claim is generated in Oracle Receivables and transferred to Trade Management for investigation.The balancing segments used for accounting on the individual transactions are:
Claim Investigation:1001 Unapplied Cash: 1000 Cash: 1000 Receivables: 2000 Receipt Write-Off: 3000 If you are using the Account Generator to update the balancing segment values, what is the balancing segment that is derived if the claim is resolved via receipt write-off?

A) 2000
B) 3000
C) 1000
D) 1001

3. XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and open a new branch in Bangalore. The Kuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added. Bangalore will use a different chart of accounts from that of Dubai and will use a weekly calendar. Select two valid statements. (Choose two.)

A) If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.
B) Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.
C) After adding the Dubai ledger, the ledger options step must be completed.
D) There is no mapping required from the Dubai ledger to the Bangalore ledger.

4. The tables for the Customer Master are owned by _____.

A) Oracle Receivables
B) Oracle Trading Community Architecture
C) Oracle Order Management
D) Oracle Customer Relationship Management

5. XYZ Enterprises, a US-based export firm, has two offices in the US (East) and the US (West). They use their primary ledger for their US operations, and an additional ledger for management analysis and reporting. They use five segments for their accounting flexfield: company, department, account, product, and future. Select the minimum number of required flexfield qualifiers that they would be using for the accounting structure. (Choose three.)

A) Balancing segment
B) Department segment
C) Management segment
D) Natural account segment
E) Future segment
F) Cost center segment
G) Product segment

Solutions: