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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 201 – (Topic 1)

A summary account template is being created to perform a flash inquiry on cash balances for a chart of accounts consisting of three segments: company, department, and account.

Which combination would result in zero balance? D = Detail

T = Total

  1. T-T-T

  2. T-T-D

  3. T-D-D

  4. D-T-D

  5. D-D-D

Answer: A

Question No: 202 – (Topic 1)

Identify the two tasks that you can achieve by using sequential numbering. (Choose two.)

  1. Enable sequential invoice numbers.

  2. Enable gapless sequence numbers.

  3. Sequentially number GL and subledger journal entries.

  4. If you use journal- or subledger-level reporting currencies and when sequences are defined for the source ledger (such as the primary or secondary ledger), the sequence number generated for the source ledger is automatically assigned to the reporting currency journal.

Answer: B,C

Question No: 203 – (Topic 1)

John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company.

John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies.

What does John say to help Sam?

  1. Currency Rates Manager automatically converts all transactions entered in INR to USD.

  2. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.

  3. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.

  4. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.

  5. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.

Answer: C

Question No: 204 – (Topic 1)

When you define an assignment rule in Bill Presentment Architecture, you specify one or more criteria for content item values. Select the three items contained in each criterion. (Choose three.)

  1. value

  2. template

  3. condition

  4. attribute name

  5. primary data source

Answer: A,C,D

Question No: 205 – (Topic 1)

ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABC Company with this information. (Choose two.)

  1. Run the Trial Balance report.

  2. Execute an online budget inquiry.

  3. Execute an online account inquiry.

  4. Review the Account Analysis report.

  5. Run financial statement generator reports.

Answer: C,E

Question No: 206 – (Topic 1)

XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and open a new branch in Bangalore.

The Kuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added.

Bangalore will use a different chart of accounts from that of Dubai and will use a weekly calendar.

Select two valid statements. (Choose two.)

  1. There is no mapping required from the Dubai ledger to the Bangalore ledger.

  2. After adding the Dubai ledger, the ledger options step must be completed.

  3. Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.

  4. If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.

    Answer: B,D

    Question No: 207 – (Topic 1)

    Identify the sequence of the steps that are required for performing the accounting setup from this list.

    1. Define accounting options.

    2. Define primary ledger.

    3. Define legal entities.

    4. Assign legal entities to accounting setup.

    5. Complete accounting setup.

    6. Define secondary ledgers.

      A. 1, 2, 3, 4, 5, 6

      B. 3, 4, 2, 6, 1, 5

      C. 3, 4, 2, 6, 5, 1

      D. 1, 3, 2, 4, 5, 6

      Answer: B

      Question No: 208 – (Topic 1)

      While you are attempting to post entries, you receive this error message:

      Number of updated GL_BALANCES rows does not equal the number of rows in the GL_POSTING_INTERIM_24697 table.

      A subsequent SQL script identifies that duplicates have arisen from a summary template ID. What must you do?

      1. Run the Maintain Summary Template program because a detail account has been added.

      2. Run the Optimizer program because it would improve the performance of the posting program.

      3. Run the Inherit Segment Values Attribute program because a valid code combination has been preserved.

      4. Run the Incremental Add/Delete Summary Templates program because there has been a change in the hierarchy structure.

Answer: D

Question No: 209 – (Topic 1)

ABC Enterprise has operations in the US (East), the US (West), the US (North), and the US (South).

The US (North) and the US (East) divisions want to have budgetary controls. The US

(West) wants to have journal approvals.

ABC Enterprise reports to its parent company in the UK and the reporting currency is GBP. The scope of implementation is for the US operations. The currency, chart of accounts, and calendar are the same for all operations.

Identify the number of legal entities and primary ledgers that must be created.

  1. 1 and 3

  2. 1 and 4

  3. 2 and 3

  4. 1 and 2

Answer: A

Question No: 210 – (Topic 1)

To create a party paying relationship, the relationship type must be hierarchical and the party type must be .

  1. child

  2. parent

  3. person

  4. organization

  5. person or organization

Answer: D

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