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

1. ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

A) ABC Company has a positive impact by this rate change.
B) ABC Company is not impacted at all by this rate change.
C) XYZ Company has a positive impact by this rate change.
D) XYZ Company is not impacted at all by this rate change.


2. The Quick Payment method is best described as the method of _____.

A) creating a payment without an invoice
B) recording a payment made outside of Payables
C) creating and printing a computer-generated payment to pay a supplier for one or more invoices
D) manually writing a check outside of Payables


3. Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)

A) vehicle license
B) excise
C) customs duty
D) recoverable tax
E) property


4. Select two actions available in Oracle General Ledger. (Choose two.)

A) consolidating balances in subsidiary ledgers
B) importing data from subsidiary ledgers
C) deleting posted journals
D) exporting data to subsidiary ledgers
E) consolidating balances from multiple ledgers


5. During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative. Identify the solution that must be implemented to meet the customer's requirements.

A) Select the change sign check box for the related row or column definition.
B) Inform the customer that this requirement would require a customization.
C) Deselect the change sign check box for the related row or column definition.
D) Create a journal by doubling the values wherever the report is displaying negative numbers.


Solutions:

Question # 1
Answer: A,D
Question # 2
Answer: C
Question # 3
Answer: A,E
Question # 4
Answer: B,E
Question # 5
Answer: A

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