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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 91 – (Topic 0)

Identify the different types of data that can be processed using the GL Interface. (Choose three.)

  1. rates

  2. budget

  3. vendors

  4. statistical

  5. intercompany

  6. currency codes

Answer: B,D,E

Question No: 92 – (Topic 0)

Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.

  1. a paper check to print and send to a supplier

  2. an EFT, EDI, or XML to the bank of a supplier

  3. a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier

  4. transmission of payment information to an external party, such as your bank, that prints checks on your behalf

Answer: C

Question No: 93 – (Topic 0)

Which three activities would use summary accounts? (Choose three.)

  1. creating a monthly recurring standard journal entry to amortize goodwill

  2. allocating the total monthly costs of the Information Services department to other departments

  3. estimating a sales commission accrual based on the total of all product sales for each division

  4. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Answer: B,C,D

Question No: 94 – (Topic 0)

What are the five steps for creating MassAllocation journal entries? (Choose five.)

  1. posting journal entries

  2. reviewing journal entries

  3. validating cross-validation rules

  4. freezing the accounting flexfield

  5. generating MassAllocation journals

  6. creating the MassAllocation definition

  7. validating the MassAllocation definition

Answer: A,B,E,F,G

Question No: 95 – (Topic 0)

Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup. Which two are true for the creation of the accounting setup? (Choose two.)

  1. Assigning legal entities to accounting setups is compulsory.

  2. After the subledger accounting method is assigned, it cannot be changed.

  3. Before completing the accounting setup, secondary ledgers and currency can be deleted.

  4. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.

Answer: C,D

Question No: 96 – (Topic 0)

Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company#39;s requirements. (Choose three.)

  1. wire

  2. check

  3. clearing

  4. electronic funds transfer (EFT)

  5. electronic data interchange (EDI)

  6. extensible markup language (XML)

Answer: A,B,C

Question No: 97 – (Topic 0)

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

  1. It improves cycle times by routing expense reports via a workflow.

  2. Expense reports that are entered using Internet Expenses are visible in Payables.

  3. Enforcement of spending policy controls expenses, showing any policy deviations.

  4. Expense report template attributes are defined in Internet Expenses to manage expense types.

Answer: A,C

Question No: 98 – (Topic 0)

Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?

  1. opening the next period

  2. closing the current period

  3. revaluing foreign currency balances

D.

E. consolidating to the parent set of books

Answer: C

Question No: 99 – (Topic 0)

Your client, Company A, has these requirements:

  1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week.

  2. Payables journal entries have to be transferred to GL at least once per month for reporting purposes.

  3. Oracle Projects balances must be updated once every month.

  4. Payment batches must be processed daily.

On the basis of the above requirements, what would be the minimum recommended

frequency of running the Transfer to GL program?

  1. daily

  2. weekly

  3. monthly

  4. once every two weeks

Answer: B

Question No: 100 – (Topic 0)

Identify three ways that an invoice can be submitted for validation. (Choose three.)

  1. online by clicking the Validate button in the Invoice Batches window

  2. online by clicking the Validate and Account button in the Invoice Batches window

  3. in batch by submitting the Payables Invoice Validation program from the Invoice Workbench

  4. in batch by submitting the Payables Invoice Validation program from the Submit Request window

  5. online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window

Answer: A,D,E

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