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Oracle EBS R12: General Ledger and Payables Fundamentals Sample Questions:
1. You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies. The implementation team decides that the GL multi-currency setup will be a part of the implementation. The company's management in the US wants to see all transactions in USD, whereas the management in Europe wants to see the transactions in Euros. The CFO has this requirement:
While entering daily transactions, the user must be able to enter the current exchange rate. But at month end, the assets and liabilities in Euros must be converted into USD at the monthly average exchange rate. Can this requirement be satisfied?
A) Oracle GL provides this functionality and there is no problem in satisfying the requirement.
B) Workflow must be customized to satisfy this requirement.
C) Oracle GL does not support this functionality.
D) The account generator must be customized to satisfy this requirement.
2. The management segment qualifier must be attached to which key flexfield segment?
A) intercompany segment
B) future segment
C) account segment
D) department segment
E) company segment
3. Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?
A) Whether you can do this depends on the responsibility.
B) You can do this only if there is a summary account associated with the parent.
C) Whether you can do this depends on the formula.
D) You can do this only if Allow Dynamic Insert is enabled.
E) You can customize the workflow and then do this.
4. XYZ Company is implementing Oracle General Ledger. They want to record and report on expenses by cost center. Identify three segments that must be defined for XYZ Company's accounting flexfield.(Choose three.)
A) account
B) cost center
C) project
D) balancing
E) intercompany
5. Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)
A) A segment rule action must be defined for each segment in the parent chart of accounts.
B) Segment rules override account rules if there is any conflict.
C) Only one action can be defined per parent segment.
D) Consolidations based on account rules process faster.
E) Consolidations based on segment rules process faster.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A,B,D | Question # 5 Answer: A,C,E |



