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Oracle EBS R12: General Ledger and Payables Fundamentals Sample Questions:
1. Which two statements correctly describe the translation process? (Choose two.)
A) You can rerun the translation process more than once per period.
B) If you rerun the translation process, it adds more data to the previous translated amounts.
C) With the translation process, you can translate only year-to-date amounts.
D) Translation for a subsidiary can be initiated from the parent by clicking the state controller translate button.
2. Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)
A) Posted Invoices Report
B) Accounts Payable Trial Balance - current period
C) Payables Transfer to General Ledger Reports
D) Accounts Payable Trial Balance - prior period
E) Void Check Register
F) Account Analysis - (132 Char) / Account Analysis - (180 Char).
G) Posted Payments Report
3. Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)
A) expense AP accrual account
B) AP liability account
C) inventory AP accrual account
D) accrual charge account
E) accrued Payables account
F) receiving accrual account
G) receiving inventory account
4. Identify three setup options that are defined in the Financial Options window. (Choose three.)
A) expense AP accrual account
B) expenses clearing
C) miscellaneous
D) interest
E) retainage
5. Identify the three reports that can be processed using the State Controller window. (Choose three.)
A) Consolidation Exceptions
B) Consolidation Audit
C) Consolidations Journal
D) Consolidation Balance Inquiry
E) Consolidation Financial
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A,B,D,G | Question # 3 Answer: A,B,C | Question # 4 Answer: B,C,E | Question # 5 Answer: A,B,C |
By Noel
