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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 191 – (Topic 1)

An auditor has asked you to provide detail that supports the Oracle Payables liability amount listed on the balance sheet. Which report would best meet the auditor#39;s request?

  1. Posted Invoice Register

  2. Accrual Reconciliation Report

  3. Accounts Payable Trial Balance

  4. Payable Accounting Entries Report

Answer: C

Question No: 192 – (Topic 1)

You are implementing Oracle Receivables and Oracle Trade Management for claim investigation. You often need to create chargebacks to handle short payments and overpayments on invoices sent to your customers. You have a business need to manually number the chargeback transactions in Oracle Receivables to match a chargeback case number. What is true about meeting this requirement?

  1. Chargebacks in Oracle Receivables can be manually numbered.

  2. Chargebacks in Oracle Receivables always need to be automatically numbered.

  3. Chargebacks in Oracle Receivables can be manually numbered if the base numbering option of manual is selected.

  4. Chargebacks in Oracle Receivables need to be automatically numbered only when document-sequencing option of manual is not selected.

    Answer: B

    Question No: 193 – (Topic 1)

    ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar, currency, subledger accounting method, and ledger processing options.

    They have additional accounting requirements:

    1. All legal entities share the same primary ledger attributes.

    2. None of the legal entities have special requirements to open and close accounting periods independent from the others.

    3. All legal entities engage in intercompany accounting.

    4. For month-end consolidation purposes, ABC Metal Corporation wants to keep their consolidation adjustments and elimination entries completely separate from the day-to-day transactions of their legal entities.

      Based on these requirements, select two considerations that are true for the accounting setup. (Choose two.)

      1. Specific balancing segment values must be assigned to each legal entity.

      2. Specific balancing segment values need not be assigned to each ledger.

      3. Secondary ledgers cannot be added for an additional accounting representation.

      4. Intercompany accounts must be defined to use the intercompany accounting feature.

Answer: A,D

Question No: 194 – (Topic 1)

Select two statements that apply to the consolidation. (Choose two.)

  1. Transactions entered in any subsidiaries by using any calendar can be consolidated.

  2. Data from any source can be consolidated as long as it is available on Oracle databases.

  3. Only transactions entered in the functional currency of the parent ledger can be consolidated.

  4. Transactions entered in any currency irrespective of the functional currency of the parent ledger can be consolidated.

  5. Only transactions entered in any currency other than the functional currency of the parent ledger can be consolidated.

Answer: A,D

Question No: 195 – (Topic 1)

Select two actions available in Oracle General Ledger. (Choose two.)

  1. deleting posted journals

  2. exporting data to subsidiary ledgers

  3. importing data from subsidiary ledgers

  4. consolidating balances in subsidiary ledgers

  5. consolidating balances from multiple ledgers

Answer: C,E

Question No: 196 – (Topic 1)

Identify three entities that can become a party in Oracle Trading Community Architecture (TCA). (Choose three.)

  1. an individual customer

  2. a personal relationship

  3. a business organization

  4. a business contact email

  5. a business mailing address

  6. a business contact telephone

Answer: A,B,C

Question No: 197 – (Topic 1)

The customer service department identified an order that was shipped and not invoiced. Identify four potential causes for this occurring. (Choose four.)

  1. AutoInvoice was not run.

  2. The invoice lacks an accounting rule.

  3. An AutoInvoice validation error exists.

  4. Order Management workflow is stuck.

  5. The order line has a back order credit hold.

Answer: A,C,D,E

Question No: 198 – (Topic 1)

Organizations have unique credit policies that aid in managing their collections and establishing relationships with customers. Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)

  1. various customer credit classifications

  2. various credit review types identified by collectors

  3. various analysis of prior billing period and receipt history of customers

  4. various analysis of customers on the basis of the aging of their outstanding balances

Answer: A,B

Question No: 199 – (Topic 1)

In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture (BPA), they must be interfaced with which Oracle Application?

  1. Oracle Projects

  2. Oracle Receivables

  3. Oracle Service Contract

  4. Oracle Order Management

Answer: B

Question No: 200 – (Topic 1)

ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has multiple ledgers and needs to summarize balances across ledgers.

ABC Enterprise is security conscious and wants to restrict user access on ledgers. All its ledgers share the same chart of accounts and accounting calendar or period-type combination.

Identify which functionality of Oracle General Ledger serves the need of ABC Enterprise.

  1. ledgers

  2. ledger sets

  3. consolidation

  4. data access sets

  5. balance transfers

Answer: B

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