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

1. AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP. At the end of the year, AB Company restates all its ledgers or balances to report at the headquarters in the US. What is this process called?

A) Conversion
B) Revaluation
C) Observation
D) Translation
E) Alteration


2. ABC Company in India imports baking equipment from XYZ Company in the US A.
There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

A) ABC Company is not impacted at all by this rate change.
B) XYZ Company has a positive impact by this rate change.
C) XYZ Company is not impacted at all by this rate change.
D) ABC Company has a positive impact by this rate change.


3. Which relationship group would you assign to allow each party to pay for its own transactions, as well as the transactions of all parties that are lower in the hierarchy (children, grandchildren, and so on)?

A) Pay below
B) Pay parties
C) Pay group
D) Pay without


4. Select three levels where additional reporting currency representations can be maintained. (Choose three.)

A) Batch
B) Subledger
C) Journal
D) Balance


5. Identify four steps involved in the setup for late charges. (Choose four.)

A) Enabling late charges in the Receivables System Options form
B) Deriving accounting from transaction type when late charges are in adjustment format
C) Indicating by transaction type if a late charge policy is enforced
D) Assigning different policies to your customers
E) Enabling late charges in the System Profiles form at the user level
F) Indicating if a specific invoice should be exempt from late charges at the transaction level


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C,D
Question # 3
Answer: A
Question # 4
Answer: B,C,D
Question # 5
Answer: A,C,D,F

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