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

1. The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

A) Create an accounting setup structure.
B) Approve accounting options.
C) Complete the accounting setup.
D) Update accounting options.

2. Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle General Ledger and had been eager to test it. However, she was unable to test it in the Conference Room Pilot (CRP) instance. What would be your explanation?

A) The budget dates in the budget organization have a different date range.
B) Budget journals are required at the ledger level.
C) The budget status may be frozen.
D) The GL period is closed.
E) The GL account code combination is invalid.

3. Identify two places where you can define a legal entity. (Choose two.)

A) Accounting Setup Manager
B) Legal EntityConfigurator
C) HRMS organization setup
D) Data access set
E) Set of books

4. Which three functions can the Create Accounting Program perform? (Choose three.)

A) Validating distribution lines
B) Creating accrual entries
C) Creating accounting entries
D) Transferring data to the interface table
E) Running the journal import

5. ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to be defined.

A) Three
B) Five
C) One
D) Four
E) Two

Solutions: