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

1. Identify two features of content sets when creating reports using Financial Statement Generator (FSG). (Choose two.)

A) Content sets enable the generation of multiple similar reports in one run.
B) Content sets provide the ability to add calculations.
C) They cannot be added at the time an FSG is run.
D) They are required for profit-and-loss statements.
E) The ability to override row set definition is provided by content sets.

2. Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle General Ledger and had been eager to test it. However, she was unable to test it in the Conference Room Pilot (CRP) instance. What would be your explanation?

A) The budget status may be frozen.
B) The budget dates in the budget organization have a different date range.
C) Budget journals are required at the ledger level.
D) The GL account code combination is invalid.
E) The GL period is closed.

3. You need to verify that your system has enough resources to handle the volume of accounts that
would be generated by the summary account template. The template has been designed as
follows:
D-Region-D
The first segment is company, which has ten values.
The second segment is division, which is represented by the rollup group region.
It has six parent values. The last segment is account, which has 500 values.
How many summary accounts would be generated by the template?

A) 500
B) 30,000
C) 5,000
D) 60
E) 3,000

4. You mail your customer John Doe an invoice for $1000 for the supplies he ordered. John has the option of making his payment either by check or by credit card. John elects to use his credit card. This receipt is identified as a(n) _____ .

A) Miscellaneous receipt
B) Autolockbox receipt
C) Quickcash receipt
D) Automatic receipt
E) Manual receipt

5. ABC Company in India exports raw materials to XYZ Company in the USA. There is an outstanding invoice of INR 90,000,000 to be paid in two months. The USD-to-INR rate when the transaction was completed was 45. Now the USD-to-INR rate has changed from 45 to 40. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

A) ABC Company is not impacted at all by this rate change.
B) ABC Company has a positive impact by this rate change.
C) XYZ Company has a negative impact by this rate change.
D) XYZ Company has a positive impact by this rate change.

Solutions: