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

1. Identify three processes that you must run before closing your Payables period. (Choose three.)

A) Expense Report Export
B) Period Close Exceptions Report
C) Payables Open Interface Import
D) The Transfer Journal Entries to GL program
E) The Create Accounting program

2. Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

A) Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.
B) Summary accounts use the summing segment type forMassAllocations, whereas parent accounts use the looping segment type.
C) Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
D) Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.
E) Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.

3. To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set
these options at the Event Class, Configuration Owner, or Tax level.
Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common
capability is found?

A) Allow Manual Tax Only Lines
B) Allow Recalculation for Manual Tax Lines
C) Allow Withholding Tax
D) Allow Entry of Manual Tax Lines
E) Allow Tax Recovery
F) Allow Override for Calculated Tax Lines

4. Identify three Payables system setup options. (Choose three.)

A) bill-to location
B) alwaystake discount
C) create interest invoice
D) allow void and reissue
E) application accounting definitions

5. Select two actions that ledger sets permit. (Choose two.)

A) grouping multiple ledgers that share the same chart of accounts and calendar
B) sending budget balance inquiries
C) viewing account balances for multiple ledgers in one view
D) performing variance inquiries
E) being used for mass budgets

Solutions: