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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
1. AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP. At the end of the year, AB Company restates all its ledgers or balances to report at the headquarters in the US. What is this process called?
A) Alteration
B) Conversion
C) Revaluation
D) Translation
E) Observation
2. Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank with authorization to debit a customers checking account for either the full amount due or the minimum balance, depending on the option selected by the customer at the time of enrolling for the direct debit. Which is the most appropriate receipts solution in Oracle Receivables to directly address this business need of your client?
A) Implement automatic receipts.
B) ImplementAutoLockbox receipts.
C) Implement bills of exchange.
D) Implement credit card receipts.
E) ImplementQuickCash receipts.
3. Which three data elements default from transaction type in Oracle Receivables? (Choose three.)
A) Accounting
B) Sales person
C) Payment terms (if not set at the customer level)
D) Transaction numbering
E) Legal entity
4. Identify the sequence of the steps that are required for performing the accounting setup from this list.
1.Define accounting options.
2.Define primary ledger.
3.Define legal entities.
4.Assign legal entities to accounting setup.
5.Complete accounting setup.
6.Define secondary ledgers.
A) 3, 4, 2, 6, 5, 1
B) 1, 2, 3, 4, 5, 6
C) 1, 3, 2, 4, 5, 6
D) 3, 4, 2, 6, 1, 5
5. Identify the three applications that create invoices into Oracle Receivables. (Choose three.)
A) Oracle Lease Management
B) Oracle Cash Management
C) Oracle Loans
D) Oracle Projects
E) Oracle Shipping
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A,C,E | Question # 4 Answer: D | Question # 5 Answer: A,C,D |





