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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
1. Journal creation rules in Subledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.
A) Credit memo
B) Chargeback
C) Bills receivable
D) Receipts
E) Transactions
F) Invoice
G) Adjustment
2. You reviewed all the reconciliation reports for month-end close. Identify the correct sequence of actions you would undertake to close the month.
A) Run Applied Receipts Report, run AR Reconciliation Report, run Journal Import.
B) Run Sales Journal Report, run AR to GL Reconciliation Report, run Create Accounting Program.
C) Run Create Accounting Program, run AR Reconciliation Report, run AR to GL Reconciliation Report.
D) Run AR Reconciliation Report, run Sales Journal Report, run Create Accounting Program.
3. Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)
A) Journal Categories form
B) Journal Encumbrance Types form
C) Keyflexfields
D) Journal approval on the Ledger Setup page
E) Journal Sources form
4. You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a material transaction that was completed on the last business day of the closing period. Select the best option in this situation.
A) Opening thesubledger to enter the transaction
B) Recording a manual accrual journal in the current period and reversing the journal in the next period
C) Reversing the prior postings and retransferring data from thesubledgers
D) Ignoring the transaction in the current period
5. Your company is using Oracle Receivables and Trade Management to create and resolve claims. A non-invoice-related claim is generated in Oracle Receivables and transferred to Trade Management for investigation.The balancing segments used for accounting on the individual transactions are:
Claim Investigation:1001 Unapplied Cash: 1000 Cash: 1000 Receivables: 2000 Receipt Write-Off: 3000 If you are using the Account Generator to update the balancing segment values, what is the balancing segment that is derived if the claim is resolved via receipt write-off?
A) 3000
B) 1000
C) 1001
D) 2000
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: D,E | Question # 4 Answer: B | Question # 5 Answer: B |
By Paul
