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

1. How do you know funds are available in the budgetary control summary account template?

A) when the result is greater than one, regardless of the balance type
B) when the debit balance type has a positiveamount, and the credit balance type has a negative balance
C) when the result is less than one, regardless of the balance type
D) when the debit balance type has a negativeamount, and the credit balance type has a positive amount

2. Which is the final step in processing a payment batch?

A) Validate the payment batch.
B) Cancel the payment batch.
C) Runthe create accounting process.
D) Confirm the payment batch.
E) Transfer the batch to General Ledger.

3. Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

A) You get improved efficiency with the help of the spreadsheet interface.
B) You can maintain consistency among different currency conversion rates.
C) You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
D) Additional security ensures that historical rates can be uploaded to closed or future periods only.
E) You can maintain daily rates and historical rates more easily.

4. Identify four options for Quick Payments. (Choose four.)

A) Create a quick payment, and select an invoice regardless of the payments terms.
B) Create a quick payment, and select an invoice regardless of the due date.
C) Create a check, save it, and print it later.
D) Select an invoice that has not been validated.
E) Select an invoice that has one or more holds.
F) Create and print a computer-generated payment to pay a supplier for one or more invoices.

5. With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. When you reconcile payments using Oracle Cash Management, Cash Management updates the status of payments. Select the new status.

A) negotiable
B) reconciled
C) updated
D) issued

Solutions: