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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
1. The tables for the Customer Master are owned by _____.
A) Oracle Trading Community Architecture
B) Oracle Customer Relationship Management
C) Oracle Order Management
D) Oracle Receivables
2. Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?
A) Summary accounts use the summing segment type forMassAllocations, whereas parent accounts use the looping segment type.
B) Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.
C) Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.
D) Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
E) Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.
3. Which three are part of the Global Consolidation System (GCS) functionality? (Choose three.)
A) Defining mapping rules to determine how subsidiary account balances roll up into the parent
B) Using the Interface Data Transformer to transfer data from Oracle global consolidations to external financial feeder systems
C) Viewing the multilevel structure of your consolidation in a graphical format
D) Viewing the status and monitor subsidiary account balances for any changes that occur after the subsidiary data has been transferred
E) Creating consolidated journal entries in both parent and subsidiary sets of books as part of the consolidation process
4. Which is the correct sequence of steps in planning your summary accounts?
(1)
planning the summary account structure
(2)
planning the parent segment values and rollup groups needed for summary accounts
(3)
determining summary account needs
(4)
planning summary account templates to generate multiple summary accounts
A) 1, 2, 3, 4
B) 3, 1, 2, 4
C) 2, 3, 1, 4
D) 2, 1, 3, 4
5. AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window. Identify the correct sequential combination of steps that are executed while running the AutoLockbox concurrent process in Oracle Receivables.
A) Enter receipts, import bank file, validate data,post quickcash
B) Import bank file, enter receipts, validateQuickCash
C) Enter receipts, import bank file, validate data, postQuickCash, apply receipts
D) Import bank file, validate data, postQuickCash
E) Enterreceipts, validate data, apply QuickCash
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A,C,D | Question # 4 Answer: B | Question # 5 Answer: D |



