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

1. Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)

A) Update accounting options.
B) Define operating units.
C) Assign balancing segment values to legal entities.
D) Complete the accounting setup.
E) Create the accounting setup structure.
F) Define intercompany balancing rules.

2. Treeline Company is getting ready to complete its month-end process. It needs to create a profit-and-loss statement and wants to use the Financial Statement Generator feature to create the report. Which two elements are required to create the report? (Choose two.)

A) row set
B) content set
C) column set
D) report set
E) workbook

3. Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)

A) Segment rules override account rules if there is any conflict.
B) Only one action can be defined per parent segment.
C) A segment rule action must be defined for each segment in the parent chart of accounts.
D) Consolidations based on account rules process faster.
E) Consolidations based on segment rules process faster.

4. Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.

A) one per primary ledger
B) unlimited
C) one per primary ledger with a reporting currency
D) two per primary ledger

5. 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.)

A) A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.
B) Assigning legal entities to accounting setups is compulsory.
C) After thesubledger accounting method is assigned, it cannot be changed.
D) Before completing the accounting setup, secondary ledgers and currency can be deleted.

Solutions: