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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 131 – (Topic 1)

Identify two implementation considerations that impact Payables during the closing process. (Choose two.)

  1. Determine how often you will run the Transfer Journal Entries to GL process.

  2. Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.

  3. Choose the detail option to transfer details to General Ledger during the Create Accounting process.

  4. Review the scheduling of the Create Accounting process to ensure that this is processed before processing pay runs.

  5. Review the scheduling of the Mass Additions Create process to ensure that this is processed before the Create Accounting process.

Answer: A,B

Question No: 132 – (Topic 1)

Identify the table used to load procurement card transactions.

  1. AP_Card_Codes

  2. AP_Invoices_Interface

  3. AP_Invoice_Lines_Interface

  4. AP_Expense_Feed_Lines_All

Answer: D

Question No: 133 – (Topic 1)

Which three are true regarding purchase order-matched invoices? (Choose three.)

  1. You can set up controls in your system to require you to purchase order-match each invoice.

  2. You can set up controls in your system to require you to invoice-match credit /debit memos that have been matched to a purchase order.

  3. You can set an option on a purchase order shipment that controls whether invoices must match that shipment directly or through a receipt.

  4. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are less than the amounts or

    quantities on the purchase order or receipt.

  5. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are greater than the amounts or

quantities on the purchase order or receipt.

Answer: A,C,E

Question No: 134 – (Topic 1)

You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option for primary and secondary ledgers.

  1. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting

    requirements.

  2. Use the primary ledger to satisfy statutory reporting requirements, and then use a

    secondary ledger to satisfy corporate reporting requirements.

  3. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-only secondary ledger to satisfy statutory

    reporting requirements.

  4. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-only secondary ledger to satisfy corporate

reporting requirements.

Answer: A

Question No: 135 – (Topic 1)

Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts#39; accrual period-end process.

  1. Accrual Write-Off

  2. Uninvoiced Receipts

  3. Mass Additions Create

  4. Accounts Payable Trial Balance

Answer: B

Question No: 136 – (Topic 1)

Select two actions that ledger sets permit. (Choose two.)

  1. performing variance inquiries

  2. being used for mass budgets

  3. sending budget balance inquiries

  4. viewing account balances for multiple ledgers in one view

  5. grouping multiple ledgers that share the same chart of accounts and calendar

Answer: D,E

Question No: 137 – (Topic 1)

Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax

calculations. (Choose three.)

  1. invoice amount $500, withholding tax $100 (20% of $500)

  2. invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)

  3. invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)

  4. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 –

    $250)

  5. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 –

$100)

Answer: A,D,E

Question No: 138 – (Topic 1)

Identify three options for preventing prepayments. (Choose three.)

  1. Release the scheduled payment.

  2. Apply one or more holds to the prepayment.

  3. Apply the holds as you would for any other invoice.

  4. Release the holds from a prepayment just as you would for any other invoice.

Answer: B,C,D

Question No: 139 – (Topic 1)

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

  1. Whether you can do this depends on the formula.

  2. You can customize the workflow and then do this.

  3. Whether you can do this depends on the responsibility.

  4. You can do this only if Allow Dynamic Insert is enabled.

  5. You can do this only if there is a summary account associated with the parent.

Answer: E

Question No: 140 – (Topic 1)

In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

  1. processing a receipt

  2. entering a purchase order

  3. running the period-end accrual program

  4. entering invoices and matching them in Payables

Answer: A,D

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