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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 211 – (Topic 1)

The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes. As an implementation consultant, what one recommendation would you make to meet the above requirement?

  1. Create two primary ledgers with the standard cash method.

  2. Create two primary ledgers with the standard accrual method.

  3. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.

  4. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.

  5. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.

Answer: E

Question No: 212 – (Topic 1)

Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

  1. balances

  2. batch transfer

  3. detail journals

  4. line-level records

  5. summary journals

Answer: B,C,E

Question No: 213 – (Topic 1)

Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

  1. using a distribution set

  2. creating through allocations

  3. matching the invoice to a shipment

  4. using the Distributions Open Interface

  5. manually entering in the distributions window

Answer: C,D

Question No: 214 – (Topic 1)

The management segment qualifier must be attached to which key flexfield segment?

  1. future segment

  2. account segment

  3. company segment

  4. department segment

  5. intercompany segment

Answer: D

Question No: 215 – (Topic 1)

Identify three features that speed up data entry. (Choose three.)

  1. data loader

  2. scan invoices

  3. account aliases

  4. customized folders

  5. account distribution sets

Answer: C,D,E

Question No: 216 – (Topic 1)

Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?

  1. Invoice Register

  2. Create Accounting

  3. Invoice Audit Listing

  4. Payables Posted Payment Register

Answer: B

Question No: 217 – (Topic 1)

During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative. Identify the solution that must be implemented to meet the customer#39;s requirements.

  1. Inform the customer that this requirement would require a customization.

  2. Select the change sign check box for the related row or column definition.

  3. Deselect the change sign check box for the related row or column definition.

  4. Create a journal by doubling the values wherever the report is displaying negative numbers.

Answer: B

Question No: 218 – (Topic 1)

You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a global presence in many countries and transactions in multiple currencies.

The implementation team decides that the Oracle General Ledger multi-currency setup will be a part of the implementation.

The client#39;s Chief Financial Officer wants a system that has these features:

  1. Enter transactions and reports in any currency.

  2. Enter exchange rates online or automatically.

  3. Calculate realized and unrealized gains and losses.

  4. Translate actual and budget balances.

  5. Produce foreign currency financial statements and reports.

Which requirements can be satisfied with the implementation?

  1. I, II, and III only

  2. I, II, III, and IV only

  3. I, II, IV, and V only

  4. All requirements from I through V can be satisfied.

Answer: D

Question No: 219 – (Topic 1)

Identify the statement that reflects the functionality of the Create Accounting Process.

  1. The Create Accounting Process creates subledger accounting entries.

  2. You can use the Create Accounting Process to create subledger accounting entries and validate the invoices.

  3. The Create Accounting Process is used to create subledger accounting entries and transfer the transactions to General Ledger.

  4. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the transactions to General Ledger.

Answer: A

Question No: 220 – (Topic 1)

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.

  1. Positive Pay File

  2. Payment Register

  3. Payment Exceptions Report

  4. Payment Process Request Status Report

Answer: B

Topic 2, C


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