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

1. 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) report set
B) workbook
C) content set
D) column set
E) row set

2. Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

A) Define valid segment values.
B) Define an account structure.
C) Create account combinations.
D) Define a value set.
E) Create aliases.
F) Define security rules.

3. Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?

A) Oracle Receivables
B) Oracle Property Manager
C) Oracle Projects
D) Oracle Treasury
E) Oracle Assets

4. During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative. Identify the solution that must be implemented to meet the customer's requirements.

A) Create a journal by doubling the values wherever the report is displaying negative numbers.
B) Inform the customer that this requirement would require a customization.
C) Deselect the change sign check box for the related row or column definition.
D) Select the change sign check box for the related row or column definition.

5. Which three activities would use summary accounts? (Choose three.)

A) formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries
B) estimating a sales commission accrual based on the total of all product sales for each division
C) allocating the total monthly costs of the Information Services department to other departments
D) creating a monthly recurring standard journal entry to amortize goodwill

Solutions: