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

1. Identify two functions the Revenue Accounting Management (RAM) Wizard performs in Oracle Receivables. (Choose two.)

A) Adjust sales credits
B) Execute the invoicing process
C) Resolve claims
D) Manage revenuecontingrncies
E) Apply receipts

2. Select two correct statements for the management segment qualifier in Oracle General Ledger. (Choose two.)

A) The management segment can be a balancing segment.
B) This segment qualifier is used for management reporting and analysis.
C) The management segment can be a natural account segment.
D) Data access sets cannot limit access to specific management segment values.
E) The management segment cannot be an intercompany segment.

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

A) Operating unit
B) Cost center
C) Company
D) Legal entity

4. ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.

A) Create an account-level reporting currency.
B) Create a balance-level reporting currency and run general ledger translation.
C) Create asubledger-level reporting currency.
D) Create a journal-level reporting currency for every transaction.

5. Identify four required Oracle Credit Management system options. (Choose four.)

A) Default customer credit classification
B) Aging bucket
C) Territory
D) Data quality management (DQM) matching rule name
E) Exchange rate type
F) Legal entity

Solutions: