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Oracle EBS R12.1 General Ledger Essentials

Question No: 201 – (Topic 3)

What are the three prerequisites for interfacing Payables invoice lines with Assets?

(Choose three.)

  1. The invoice has no holds.

  2. The invoice must be posted to General Ledger.

  3. The invoice has been transferred to General Ledger.

  4. The invoice distribution has quot;Track as Assetquot; selected.

  5. The distribution account is an Asset Clearing or CIP account.

Answer: C,D,E

Question No: 202 – (Topic 3)

You have the following information:

The Accounting flexfield structure is quot;company, department, product, account.quot; Product has two rollup groups: domestic and international. Department has one rollup group: manufacturing. All accounting flexfield segment values can use alphanumeric characters.

Which summary account template would Oracle General Ledger fail to create? (D: Detail)(T: Total)

  1. T-T-T-T

  2. T-D-D-D

  3. D-D-D-D

  4. D-T-domestic-D

  5. D-manufacturing-D-T

  6. T-manufacturing-international-D

Answer: C

Question No: 203 – (Topic 3)

Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval, he wants his assistant accountants to NOT be able to update this budget. What would be your response?

  1. The budget status must be current.

  2. Set the budget status to frozen to meet this need.

  3. The Oracle General Ledger budget functionality cannot satisfy this requirement.

  4. If the client wants to do this, customization of Oracle Workflow is the only option.

Answer: B

Question No: 204 – (Topic 3)

What are the five steps for creating MassAllocation journal entries? (Choose five.)

  1. posting journal entries

  2. reviewing journal entries

  3. validating cross-validation rules

  4. freezing the accounting flexfield

  5. generating MassAllocation journals

  6. creating the MassAllocation definition

  7. validating the MassAllocation definition

Answer: A,B,E,F,G

Question No: 205 – (Topic 3)

XYZ Limited has hired Jack as the Oracle General Ledger implementation consultant.

Select three steps that are required for creating a new accounting structure. (Choose three.)

  1. Define jurisdictions.

  2. Define period types.

  3. Assign legal entities.

  4. Save the accounting structure.

  5. Define accounting representations.

  6. Define subledger accounting methods.

Answer: C,D,E

Question No: 206 – (Topic 3)

When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)

  1. The formula must be identified.

  2. The currency must be identified.

  3. The amount type must be identified.

  4. A debit or credit balance type must be assigned.

    Answer: C,D

    Question No: 207 – (Topic 3)

    Company K has identified these business requirements for their Payables operations:

    1. All invoices must be part of a batch.

    2. Discounts must be taken in all situations.

    3. Invoices must be numbered by the system.

    4. Accounting entries must be created for all invoice types.

    5. All credit memos above a certain dollar amount must be approved before entry.

    6. Four-way matching is enforced.

      Select the profile option to be configured that will satisfy the above requirements.

      1. AP: Invoice Match

      2. AP: Use Invoice Batch Controls

      3. AP: Enable Invoice Autonumbering

      4. AP: AP Discounts Interface Start Date

      5. AP: Use Invoice Accounting For Credit Memos

Answer: B

Question No: 208 – (Topic 3)

Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night. A descriptive

flexfield called SAI Value has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called SAI Hold, which is manually applied whenever an invoice is created and the SAI Value has not been provided to Company Z by the supplier. During weekly reviews of accounting, users have found that invoice transactions that are on SAI Hold are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.

  1. Invoices have not been validated.

  2. The current General Ledger period is closed.

  3. The current Project Accounting period is closed.

  4. The Payables Accounting process has not been run.

  5. Accounting is not being created by the user-defined hold.

  6. The descriptive flexfield field must be a required field, and not an optional field.

Answer: E

Question No: 209 – (Topic 3)

Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module.

  1. Assets

  2. Payables

  3. Purchasing

  4. Receivables

  5. General Ledger

Answer: E

Question No: 210 – (Topic 3)

The management segment qualifier must be attached to which key flexfield segment?

  1. future segment

  2. account segment

  3. company segment

  4. department segment

  5. intercompany segment

Answer: D

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