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

1. Identify three statements that are true about bank account information. (Choose three.)

A) Receivablesuses a bank account to receive payments from customers.
B) Payables, Receivables, and/or Treasury uses bank accounts.
C) Disbursement bank accounts cannot be used for payment.
D) Payablesuses an internal bank account to disburse funds to suppliers.
E) Bank accounts are used to calculate the supplier's discount.

2. Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

A) You can customize the workflow and then do this.
B) You can do this only if there is a summary account associated with the parent.
C) Whether you can do this depends on the formula.
D) Whether you can do this depends on the responsibility.
E) You can do this only if Allow Dynamic Insert is enabled.

3. Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to review the situation. Identify what could be causing this problem.

A) The base currency has not been defined.
B) The Payables Accounting Process was not submitted.
C) Automatic offsets have been set to balancing.
D) The primary accounting method has not been defined.
E) The account for gain or loss attribute has not been enabled.

4. Which item cannot be queried in the Find Consolidation Process window?

A) mapping sets
B) elimination sets
C) balance type
D) parent calendar
E) parent period

5. Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

A) It is possible to have multiple companies in the same set of books provided that they share the same chart of accounts structure, accounting calendar, and reporting currency.
B) A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart of accounts structure.
C) A segment of different chart of accounts structures can share the same value set.
D) If the same value set is used for two or more chart of accounts structures, the same security rules for that segment cannot be assigned to multiple structures.

Solutions: