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

1. Which three statements are true about data conversion rules? (Choose three.)

A) Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.
B) For calendar conversion, the journal effective date determines the correspondingnonadjusting period in the secondary ledger.
C) Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.
D) The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.
E) Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.

2. The tables for the Customer Master are owned by _____.

A) Oracle Order Management
B) Oracle Receivables
C) Oracle Trading Community Architecture
D) Oracle Customer Relationship Management

3. Which two statements are true about invoicing rules and accounting rules? (Choose two.)

A) Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.
B) Invoicing rules and accounting rules have no effect until invoices are paid.
C) If a transaction has an invoicing rule, an accounting rule is not allowed.
D) If a transaction has an invoicing rule, an accounting rule is also required.
E) If a transaction has an invoicing rule, an accounting rule is optional.
F) Invoicing rules determine when invoices are due. Accounting rules affect how invoices are accounted for.

4. 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.

A) One
B) Three
C) Four
D) Two
E) Five

5. When summary account templates are associated with the check-level advisory of budgetary control funds, which are the two items that must be associated with the template? (Choose two.)

A) The boundary must be identified.
B) The funding budget must be identified.
C) The formula must be identified.
D) The currency must be identified.

Solutions: