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

1. The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used to account for _____.

A) invoice price variance in purchase orders and invoices
B) exchange rate variance for expense items in purchase orders and invoices
C) exchange rate variance for inventory items in purchase orders and invoices
D) exchange rate variance in invoices and payments

2. Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the
current year with reference to the capital expenditure budget of the previous year.
The capital expenditure budget is subdivided into multiple items, and the corporate calendar used
at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.

A) current year budget monetary and current year budget statistical
B) prior year budget monetary and prior year budget statistical
C) prior year actual monetary and current year budget statistical
D) prior year budget monetary and current year budget statistical
E) current year actual monetary and current year actual statistical

3. Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

A) If the same value set is used for two or more chart of accounts structures, the same security rules for that segment cannot be assigned to multiple structures.
B) It is possible to have multiple companies in the same set of books provided that they share the same chart of accounts structure, accounting calendar, and reporting currency.
C) A segment of different chart of accounts structures can share the same value set.
D) A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart of accounts structure.

4. Jane, the GL accountant, comes to you with a requirement: the recurring journals batches must be automatically generated at specified intervals. What would be your response?

A) Cross-validation rules must be defined to satisfy this requirement.
B) It is possible to satisfy this requirement by using theautoallocation functionality.
C) Allow Dynamic Insert must be enabled to satisfy this requirement.
D) It is not possible to satisfy this requirement; recurring journals must be created manually.

5. Where does the expense AP accrual account used in the Period End Accrual process default from?

A) Payables Options
B) Financial Options
C) Purchasing Options
D) Receiving Options

Solutions: