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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 11 – (Topic 0)

The tables for the Customer Master are owned by .

  1. Oracle Receivables

  2. Oracle Order Management

  3. Oracle Trading Community Architecture

  4. Oracle Customer Relationship Management

Answer: C

Question No: 12 – (Topic 0)

Select the setup task that you are required to perform in Receivables to manage tax calculations on invoices.

  1. defining tax rules

  2. defining AutoInvoice

  3. defining AutoAccounting

  4. defining tax registrations

  5. defining Account Generator

Answer: C

Question No: 13 – (Topic 0)

Select four values that default from profile classes in Oracle Accounts Receivable. (Choose four.)

  1. currency

  2. legal entity

  3. payment terms

  4. statement cycle

  5. business purpose

  6. credit classification

Answer: A,C,D,F

Question No: 14 – (Topic 0)

You have just opened the Transactions form. Which field would you see on this form?

  1. company

  2. legal entity

  3. cost center

  4. operating unit

Answer: B

Question No: 15 – (Topic 0)

Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank with authorization to debit a customers checking account for either the full amount due or the minimum balance, depending on the option selected by the customer at the time of enrolling for the direct debit. Which is the most appropriate receipts solution in Oracle Receivables to directly address this business need of your client?

  1. Implement bills of exchange.

  2. Implement automatic receipts.

  3. Implement credit card receipts.

  4. Implement QuickCash receipts.

  5. Implement AutoLockbox receipts.

Answer: B

Question No: 16 – (Topic 0)

ABC Corporation has five companies, which operate in different industries. Each company

has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to be defined.

  1. five

  2. four

  3. two

  4. one

  5. three

Answer: A

Question No: 17 – (Topic 0)

Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

  1. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.

  2. Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.

  3. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type.

  4. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.

  5. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.

Answer: D

Question No: 18 – (Topic 0)

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) .

  1. manual receipt

  2. automatic receipt

  3. QuickCash receipt

  4. AutoLockbox receipt

  5. miscellaneous receipt

Answer: B

Question No: 19 – (Topic 0)

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

  1. You can maintain daily rates and historical rates more easily.

  2. You get improved efficiency with the help of the spreadsheet interface.

  3. You can maintain consistency among different currency conversion rates.

  4. Additional security ensures that historical rates can be uploaded to closed or future periods only.

  5. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.

Answer: A,B,C

Question No: 20 – (Topic 0)

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

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