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

1. Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

A) Define valid segment values.
B) Define a value set.
C) Create aliases.
D) Define an account structure.
E) Create account combinations.
F) Define security rules.

2. Your client has requested that you set up gapless numbering for its invoices. In your testing, you realized that the numbers for deleted invoices were missing from the sequence. How would you prevent that problem?

A) Create a custom report listing deleted invoice numbers.
B) Do not allow deletion of invoices.
C) Select Show Deleted Invoice Numbers in your system options.
D) Reuse deleted invoice numbers.

3. Which two statements are true about invoicing rules and accounting rules? (Choose two.)

A) If a transaction has an invoicing rule, an accounting rule is also required.
B) If a transaction has an invoicing rule, an accounting rule is not allowed.
C) Invoicing rules and accounting rules have no effect until invoices are paid.
D) If a transaction has an invoicing rule, an accounting rule is optional.
E) Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.
F) Invoicing rules determine when invoices are due. Accounting rules affect how invoices are accounted for.

4. Invoice batching provides checks and balances that are not available in a single invoice. Choose two reasons why you might want to enter invoices in batches. (Choose two.)

A) You can apply cash receipts directly to a batch of invoices.
B) You can post invoices to General Ledger by batch.
C) You can print invoices by batch.
D) Batching provides default values for invoice fields.

5. Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

A) Summary accounts use the summing segment type forMassAllocations, whereas parent accounts use the looping segment type.
B) Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
C) Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.
D) Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.
E) Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.

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