R12 Oracle Financials FAQs I would appreciate if somebody can provide answers of these FAQs with appropriate explanation. Thanks in advance. R12 Oracle Financials Modules: GL, AP, AR, FA and CE 1. Which module is not included in Procurement? a) Oracle Payables b) Oracle Purchasing c) Oracle Order Entry d) Oracle Cash Management e) Both C) and d) f) Both b) and d) 2. Top Ten List is a. Shortcuts to up to ten user-defined functions b. Shortcuts to the ten most frequently used functions c. Shortcuts to exactly ten user-defined functions d. List of the top ten new features 3. Which of the following data are not partitioned by operating units? a. Payables b. Assets c. Receivables d. Purchasing e. Order Management 4. Which of the following are reasons why it is desirable to share information between applications? a. Minimizes time for implementation setup b. Makes information available to every application in the system c. Minimizes data synchronization problems, because each piece of data is kept in only one table d. Keeps users from having to enter identical data in more than one place e. Increases processing speed 5. Which of the following is not a qualifier for an accounting flexfield? a. Balancing segment b. Category segment c. Natural account segment d. Cost center segment e. Secondary Tracking Segment f. Management Segment 6. Which of the following is not an organization classification? a. Primary Ledger b. Legal entity c. Operating unit d. Inventory organization e. Business Group

False 9. a.7. Worksheets and Headers 8. It is possible to create Responsibility for General Ledger Application without Menu? a. False 17. headers. Groups and then Lines c. None of the above 16. True b. Data Group c. Worksheets. Code Combination ID c. False 15. a. Is it necessary to change password at regular intervals in Oracle Applications? a. Descriptive Flexfields are mandatory in Oracle Applications. Headers and then Lines d. Chart of Accounts is a good example for Descriptive Flexfield in Oracle. None of the above 12. Menu b. True b. True b. True b. True . a. Yes b. Lines. lines e. a. Once we login to Oracle Applications. Batches. Batches. True b. How are journal entries in Oracle General Ledger organized? a. False 13. Which of the following is not part of Responsibility? a. Cross Currency ID b. The maximum number of segments in Chart of Accounts flexfield is 40. False 10. Headers. Compilation Code ID e. Oracle Alerts can be used to send alert messages to managers in the company? a. No 14. we can not logout immediately. What is CCID? a. Password e. It is necessary to configure MO: Operating Unit for Accounts Payables Application? a. True b. False 11. Batches b. Request Group d. Cost Center ID d.

What is MOAC? a. setting approvals mechanism in the company c. Which of the following is appropriate? a. Responsibility is attached to User c. Company needs to dismiss the employee for forgetting the password e. None of the above 25. None of the above 21.b. Which of the following is not a valid Oracle Alert? a. sending notifications to employees as required b. KFF and DFF are Optional c. What of the following is true? a. KFF is Optional and DFF is Mandatory d. Request Group e. Multiple Organization Access Control b. All of the above 20. Match Organizations with Account Codes e. User is attached to Responsibility e. Yearly Alert e. KFF is Mandatory and DFF is Optional e. Data Group d. None of the above 22. Event Alert c. Posting of GL Journals . Both C) and d) 19. False 18. system administrator needs to create a new user immediately d. Responsibility is attached to Menu b. Start Date c. None of the above 23. Monthly Alert d. None of the above 24. Menu b. implement business flow in company d. Which of the following is optional while defining Responsibility? a. What of the following is a good example for Oracle Workflow? a. Oracle workflow can be used for a. Menus are attached to User d. What is the difference between Key Flexfield (KFF) and Descriptive Flexfield (DFF)? a. User will not be able to login to the application in his lifetime b. Multiple Organization Applications Control c. Multiple Operations Units Access Control d. Periodic alert b. One of the users in the company forgot his password. All of the above f. User can request system administrator to change the password c. KFF and DFF are Mandatory b.

GL Budget Creation d. Which option best describes the function of security rules? a) They restrict access to a Primary Ledger b) They restrict access to Account Combinations c) They restrict access to Segment Values d) They restrict access to Forms e) They restrict access to Operating Units 31. What is the very first step in setting up Oracle General Ledger? a) Primary Ledger b) Chart of Accounts c) Suspense accounts d) Security rules e) Cross Validations Rules 30. Working around legacy-system shortcomings e. GL Journal Approval c. Ltd. Which data element is not present in Oracle General Ledger? a) Budgets b) Journal entries c) Customers d) Accounts master file e) Encumbrances 28. How should T be defined in Summary Accounts? a) Summary account b) Parent value . Adding new GL columns for data not accommodated by GL b. Creation of Responsibility in Sys Admin e. Interfacing legacy tables to Oracle GL tables d. Not Applicable 27. Which of the following items is NOT a valid consideration when you need to import legacy data into Oracle General Ledger? a. What is the initial status of an accounting period in Oracle General Ledger? GreenChain Software Solutions Pvt. Which of the following is not a prerequisite for entering a Primary Ledger? a) Chart of Accounts b) Budgetary Control Group c) Accounting calendar d) Functional currency e) Not Applicable 32. None of the above 26. Network throughput rate c.b. Question Paper Private Circulation Only 4 a) Future-Entry b) Open c) Never Opened d) Closed e) Permanently Closed 29.

Mark them as Internal afterwards e. Oracle Cash Management purges Forecasting the open interface . Which one of the following Mass Allocations options usually generates the most journal lines? a) Constant b) Looping c) Summing d) Total e) All of the above 36. C c. You can archive without purging c. Which line describes the function of the Journal Import program? a) Delete Journal entries b) Modify Journal Entries c) Import Journal entries d) Corrects journal entries e) Not Applicable 37. Stop the payments 39. By what entity is the authorization limit for manual journal entry set in Approvals? a) Position b) Journal source c) Journal category d) Employee e) User 34. what accounts will be used as balancing accounts? a) Intercompany account b) Suspense account c) Offset account d) Target account e) Not Applicable 35.c) Child value d) Rollup group e) Not Applicable 33. Reverse receipts b. Need not do anything c. E d. T e. If a journal with four different balancing entities is out of balance. What do you need to do with bank statement lines that are marked as External? a. B b. You cannot purge without archiving b. What of the following choices is not a valid display option in account assignments for row sets? a. Which of the following statements is true? a. Create miscellaneous transactions d. Not Applicable 38.

Hold c. Run concurrent program "Reverse Validated Invoice" and select invoice no. Apply Hold on the invoice immediately e. Inventory Organization e. Debit Memo . None of the above 44. Create Withholding Tax Invoice while saving the invoice d. Business Group c. Stop e. as parameter 43. Post payment c. Operating Unit d. None b. Which of the following is not possible in Invoice Workbench? a. Which invoice action will be the best choice? a. Mixed d.Way Matching e. Create Withholding Tax Invoice during Invoice Payment c. Accounts Payables is integrated with Purchasing and uses Matching options. Delete the invoice from Payables Application c. Cancel the Invoice immediately from invoice workbench b.Way matching d. One . Legal Entity b. None of the above 42. Create Withholding Tax Invoice during Invoice Validation b. Which one of the following is the best option? a.automatically d Oracle Cash Management purges Bank Statements in the open interface automatically e. Cashier has decided to Void the Payment and wants to process the invoice only after talking to the supplier as there is some discrepancy. Two .Way Matching c. Oracle payables is set up at the _____ level in a multi org environment? a. All of the above e. Bank statements from production tables can be deleted 40. Three .Way Matching b. Release 41. Prepayment b. Withholding Tax e. Four . Which of the following is NOT a valid Invoice Type in Payables Module? a. Cancel d. Which of the following is NOT possible while designing Withholding Taxes in Payables? a. Payables clerk has validated one invoice in Invoice Workbench in Payables module by mistake and does not want this invoice to be paid. HR Organization 45. Inform Cashier through mail or inter office correspondence that invoice should not be paid d.

None of the Above 51. Run comparison. Corporate Book b. Enter Physical inventory data. Select the sequence of physical inventory counting of assets in FA? a. Regime Registration d. Run comparison d. No 53.46. No 52. Single and Cumulative d. Date of Acquisition . Run comparison e. Asset Fiscal Years e. BOE Agent is Optional while entering Bill Entry Invoices? a. Run comparison. View Results. Among the following. Invoice Tolerances 50. View Results b. Single b. which one is first step in India Localization? a. Sale Tax Concession Form can be issued immediately after entering and saving Supplier Invoice. a. Which of the following is NOT a valid TDS threshold limit in India Localization? a. Enter Physical inventory data. Yes b. Yes b. Tax Names e. Yes b. PLA invoices can be updated with Acknowledgement Date after saving PLA entry in PLA invoice window. Depreciation Book d. View Results. Block of assets b. a. Prorate Conventions 47. Enter Physical inventory data. Which of the following is not a valid Asset Book in Fixed Assets module? a. Book Controls d. Run Comparison. Cumulative c. Define TDS Sections b. View Results. No 54. Enter Physical inventory data 48. Tax Book c. View Results. Amount Ranges e. Date Placed In Service c. Where do you assign Ledger to an Asset Book in Assets Module?? a. None of the above 49. Which of the following information is NOT used by Oracle Assets in India Localization for calculating depreciation as per IT Act? a. Supplier Additional Information c. System Options b. Budget Book e. Asset Category c. Enter Physical Inventory Data c.

. Transaction Date d. Reason: One post Doesn't have content. it is very necessary for us. 2.. All of these are very good kind of FAQs. Depreciation Rate 55. 08-18-2010 #2 anna575 Junior Member Join Date 16 Aug 2010 Posts 22 Points 260 Re: R12 Oracle Financials FAQ Well. Well. All of these are very good kind of FAQs. it is necessary for us. Transaction Type c. 4. Transaction Currency e. 08-18-2010 at 05:33 AM. I am fresher to oracle financial. 03-21-2011 #3 OraHelp12 Junior Member Join Date 19 Mar 2011 Posts 9 Points 210 . There are a lot of oracle financial which is very helpful. Thanks.d. Applicable Depreciation Rate % e.. Excise Registers are updated based on ___________ in the Bond Register Setup used for transaction? a. There are a lot of Oracle financial which is very useful for us. Last edited by rajavu. Exchange Rate mga407 says Thanks. 3. Get a Free Complementary Copy of Oracle Magazine and other Free Magazines. I am also fresher to Oracle Financial. Transaction Source b..

03-21-2011 #4 Sadik Administrator Join Date 03 Aug 2008 Location Kolkata.Re: R12 Oracle Financials FAQs did anybody answer these questions? where can I find the answers to these questions. Learn Oracle with Oracle forum. 03-21-2011 #5 OraHelp12 Junior Member Join Date 19 Mar 2011 Posts 9 Points 210 Re: R12 Oracle Financials FAQs please direct me to the 'Doc section' as in your reply. India Posts 1. .350 Re: R12 Oracle Financials FAQs Originally Posted by OraHelp12 did anybody answer these questions? where can I find the answers to these questions. are they found in one place? You can try the Doc section. are they found in one place? 5. Check out General Discussion Forums 6.700 Points 27..

7. 04-05-2011 #6 ajaythana Junior Member Join Date 11 Feb 2011 Posts 2 Points 60 Re: R12 Oracle Financials FAQs Answers 1C 2 3B 5B 6A 7C 8B 9B 10 B 30 11 D 12 B 13 B 14 B 15 B 16 A 17 A 18 F ( PROBABLY. NOT SURE) 19 B 20 B 21 A 22 E 23 D 24 B 25 B 27 C 28 A 29 B 30 c 31 B 35 B 36 C 40 B 41 D 42 D 44 C 45 B 46 C 48 D 49 C .

Thanks very much for this comment. you can visit: Accounting clerk interview questions Best regards. Last edited by mismary207. If you want to get more materials that related to this topic. 8.50 D 54 C Sadik says Thanks. 2 Weeks Ago at 02:07 AM . Tks again and pls keep posting.. very helpful. 3 Weeks Ago #8 mismary207 Junior Member Join Date 18 Oct 2011 Posts 2 Points 20 Re: R12 Oracle Financials FAQs Hi. It help me to think about my ideals.. 04-05-2011 #7 OraHelp12 Junior Member Join Date 19 Mar 2011 Posts 9 Points 210 Re: R12 Oracle Financials FAQs thanks. 9. Amaluri says Thanks.