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Oracle EBS R12: General Ledger and Payables Fundamentals Sample Questions:
1. ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.
A) Create a balance-level reporting currency and run general ledger translation.
B) Create an account-level reporting currency.
C) Create a journal-level reporting currency for every transaction.
D) Create asubledger-level reporting currency.
2. Identify the four setup options that control supplier defaults. (Choose four.)
A) Payables system setup
B) Trading Community Architecture (TCA)
C) receiving options
D) payables options
E) financial options
F) purchasing options
3. Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)
A) operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes
B) have similar ledger processing options
C) open and close periods simultaneously
D) require autonomous document sequencing for a legal entity
E) have tax requirements that are specific for a legal entity
4. Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?
A) Invoice Register
B) Create Accounting
C) Payables Posted Payment Register
D) Invoice Audit Listing
5. Identify three statements that are true about E-Business Tax and Payables. (Choose three.)
A) In E-Business Tax, tax calculations are based on supplier's site defaults.
B) In E-Business Tax, there is one repository with detailed and fully allocated tax lines.
C) Payablesintegrates with E-Business Tax to automatically determine and calculate the applicable tax lines for the invoices.
D) With E-Business Tax, you can account for recoverable taxes at the time and to the extent of payment in Payables.
E) Payablesis not integrated with E-Business Tax to provide tax services for invoices.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A,D,E,F | Question # 3 Answer: A,B,C | Question # 4 Answer: B | Question # 5 Answer: B,C,D |
By Porter
