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

1. Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

A) It consolidates data from the legacy feeder system.
B) This system creates consolidated journal entries in both the parent and subsidiary sets of books.
C) GCS automatically generates journal entries to eliminate intercompany balances based on defined rules.
D) It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise Planning and Budgeting.

2. Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

A) Use summarized data in journal formulas.
B) Inquiry of summary amounts is done online.
C) The primary use for summarization is only for reports.
D) Summary relationships are not permanent.
E) You can easily reorganize summary views in the future. of the posting process.

3. Here is a description of a report, file, or register. Use this to review payments created for each bank account that you use during a time period you specify. The report lists each payment, as well as total payment amount and cleared amount of all payments. Identify the name of this standard report.

A) Payment Process Request Status Report
B) Payment Exceptions Report
C) Payment Register
D) Positive Pay File

4. Identify two advantages of using Oracle Internet Expenses. (Choose two.)

A) It improves cycle times by routing expense reports via a workflow.
B) Enforcement of spending policy controls expenses, showing any policy deviations.
C) Expense reports that are entered using Internet Expenses are visible in Payables.
D) Expense report template attributes are defined in Internet Expenses to manage expense types.

5. Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

A) subledger accounting method
B) ledgers
C) definition access sets
D) data access sets
E) operating units

Solutions: