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

1. The board of directors of Acme Enterprises decide to float two new ompanies: Acme Construction and Acme Exports. hey want to implement Oracle General Ledger. They want to restrict access across these new companies. Only the Vice President (Finance) must have complete access. Identify two correct statements. (Choose two.)

A) Create one data access set andprovide read and write access to Acme Enterprises, and readonly access to Acme Construction and Acme Exports.
B) Create only three data access sets: one for Acme Enterprises, one for Acme Construction, and one for Acme Exports.
C) Create one primary ledger for Acme Enterprises, one for Acme Construction, and one for Acme Exports.
D) Create four data access sets: one with read and write access for all companies and the rest with read and write access for the respective balancing segment values for each company.
E) Create one primary ledger for Acme Enterprises.

2. Identify four discount basis options available that define how Receivables calculates discounts. (Choose four.)

A) Invoice amount
B) Lines and tax amount
C) Freight amount
D) Gross amount
E) Lines, freight, and tax amount
F) Lines only amount

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

4. ABC Company in India imports baking equipment from XYZ Company in the US A.
There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

A) XYZ Company has a positive impact by this rate change.
B) ABC Company is not impacted at all by this rate change.
C) XYZ Company is not impacted at all by this rate change.
D) ABC Company has a positive impact by this rate change.

5. Your company needs a solution that provides the option of transferring a high volume of customer receipts from the bank into the Oracle Accounts Receivable system. You do not want the customers account balance to be affected immediately when the receipts are transferred and uploaded to the receivables system. Which is the most appropriate receipt creation method to implement in Oracle Receivables?

A) Manual receipts
B) Cash receipts
C) Miscellaneous receipts
D) Automatic receipts
E) Quickcash receipts

Solutions: