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

1. Which two are true about elimination? (Choose two.)

A) You must specify an elimination company in the Elimination Sets window.
B) You can define an elimination set to contain one elimination entry.
C) Currency is an optional component when defining an elimination set.
D) You can define balancing options for eliminating entries.

2. When summary account templates are associated with the check-level advisory of budgetary control funds, which are the two items that must be associated with the template? (Choose two.)

A) The funding budget must be identified.
B) The formula must be identified.
C) The boundary must be identified.
D) The currency must be identified.

3. Your client will use the seeded credit classifications of Low Risk, Moderate Risk, and High Risk to evaluate the credit worthiness of customers. It has also created the following credit review types:
New Credit Limit Domestic Credit International Credit Guarantor of Credit Lease Application Credit
How many credit checklists should the management set up in Oracle Credit Management to perform credit reviews in accordance with the organization's current policies?

A) Ten
B) One
C) Fifteen
D) Five
E) Eight
F) Three

4. The end users at Lucy Ltd. noticed several AutoInvoice exceptions and requested your help in correcting them. Which window allows you to edit data?

A) Line Errors window
B) Interface Exceptions window
C) Interface Lines window
D) Interface Corrections window

5. Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and ABC South.She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions and journal entries. Identify the right option in the given scenario.

A) All balancing segment values will be available to enter transactions and journal entries.
B) ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.
C) No balancing segment values will be available to enter transactions and journal entries.
D) ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.
E) ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.

Solutions: