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

1. Identify three setup options that are defined in the Financial Options window. (Choose three.)

A) interest
B) expenses clearing
C) retainage
D) miscellaneous
E) expense AP accrual account

2. Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

A) You cannot delete a budget organization after it has been defined. However, you can delete a budget.
B) You can delete the budget and the budget organization after they have been defined.
C) You cannot delete the budget or the budget organization after either has been defined.
D) You cannot delete a budget after it has been defined. However, you can delete a budget organization.

3. Where does the expense AP accrual account used in the Period End Accrual process default from?

A) Receiving Options
B) Payables Options
C) Financial Options
D) Purchasing Options

4. The companys two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials and submit budgets to both of them. What would be your response?

A) The Oracle General Ledger budget functionality supports multiple current budgets, so there is no problem in satisfying this requirement.
B) It is not possible to have more than one current budget.
C) The Require Budget Journal profile option must be set at the budget level if you want to have multiple current budgets.
D) Whether you can have multiple current budgets depends on the budget organization.
E) The Require Budget Journal profile option must be set at the set of books level if you want to have multiple current budgets.

5. XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia,
the UK, and China. The Australian and the US operations can share the same chart of accounts
segments, and the UK and China operations can share the same chart of accounts segments. All
operations share the same calendar or period-type combination, but not the currency. Each
country requires that a separate accounting data be maintained.
Identify the number of legal entities to be created and the number of accounting setups.

A) Create two legal entities and four accounting setups.
B) Create four legal entities and four accounting setups.
C) Create one legal entity and four accounting setups.
D) Create four legal entities and one accounting setup.

Solutions: