EBS GL Interview Questions
EBS GL Interview Questions
7. SEGMENT QUALIFIERS
Some value sets permit a limited range of values; others permit only certain
values; others have minimal restrictions.
Different flexfields can share the same value set. For example, a value set
containing the names of regional offices could be used by many different
flexfields.
Different segments of the same flexfield can use the same value set, for
example a date value set. Segments defined to different structures of the same
flexfield can share value set. Many of the report parameters used with Standard
Request Submission (SRS) forms are tied to shared value sets.
Value sets do not have to have the same actual values defined for them.
11. VALUE SET LIST TYPES
NONE: A value set of the type None has no list of approved values associated
with it. A None value set performs only minimal checking of, for example, data
type and length.
INDEPENDENT: Independent type value sets perform basic checking but also
check a value entered against the list of approved values you define.
DEPENDENT: A dependent value set is associated with an independent value
set. Dependent value sets ensure that all dependent value are associated with
a value in the related independent value set.
TABLE: Table value sets obtain their lists of approved values from existing
applications tables. When defining your table value set, you specify a SQL
query to retrieve all the approved values from the table.
SPECIAL: This specialized value set provides another flexfield as a value set
for a single segment.
PAIR: This specialized value set provides a range flexfield as a value set for a
pair of segments.
TRANSLATED INDEPENDENT: This works similar to Independent type.
However, a Translated Independent value set can contain display values that
are translated into different languages.
TRANSLATED DEPENDENT: This works similar to Dependent type. However,
a Translated Dependent value set can contain display values that are translated
into different languages.
Month
Quarter
Year
- If needed, period types of our own can be defined in addition to the standard
periods.
25. HOW MANY TYPES OF CONVERSION RATES ARE THERE IN ORACLE GL?
- There are 5 basic types of conversion rate types predefined in Oracle GL:
SPOT: An exchange rate based on the rate for a specific date. It applies to the
immediate delivery of a currency.
CORPORATE: An exchange rate that standardize rates for your company. This
rate is generally a standard market rate determined by senior financial
management for use throughout the organization.
USER: An exchange rate that you enter during foreign currency journal entry.
EMU FIXED: An exchange rate that is used by countries joining the EU during
the transition period to the Euro currency.
USER DEFINED: A rate type defined by your company to meet specific needs.
CHART OF ACCOUNTS
o Your chart of accounts is the account structure you define to fit the
specific needs of your organization.
o You can choose the number of account segments as well as the length,
name, and order of each segment.
ACCOUNTING CALENDAR
o An accounting calendar defines an accounting year and the periods it
contains.
o You can define multiple calendars and assign a different calendar to
each set of books.
CURRENCIES
o You select the functional currency for your set of books as well as other
currencies that you use to transact business and report in.
o GL converts monetary amounts entered in a foreign currency to
functional currency equivalents using supplied rates.
28. WHAT IS THE IMPLICATION OF THE ‘FUTURE PERIOD” FIELD IN THE SET
OF BOOK DEFINITION FORM?
- The value mentioned in the Future Period field represents the number of future
enterable periods that users can use to input journal entries (provided those future
periods are opened). However, consideration must be given to minimize the number
of future enterable periods to prevent users from accidentally entering journal entries
in an incorrect period.
29. HOW MANY TABBED REGIONS ARE THERE IN THE SET OF BOOK
DEFINITION FORM? WHAT ARE THE NAMES OF THESE TABBED REGIONS?
- There are 5 tabbed regions in the set of books definition form.
Closing
Journaling
Average Balances
Budgetary Control
Multiple Reporting Currencies
Parent – Do no enable.
Budget – Yes.
Posting – Yes.
Account Type – Ownership/Stock.
Parent – Do no enable.
Budget – Yes.
Posting – Yes.
Account Type – Ownership/Stock.
Evaluate your organizational structure and your business needs to plan your
chart of accounts.
Define your chart of accounts, including your account combinations.
Define your accounting period types and accounting calendar.
Optionally define a transaction calendar and valid business days for that
calendar if you plan to use average balance processing.
Define the functional currency for your set of books, or enable one of the
predefined International Standards Organization (ISO) currencies. You should
also define or enable any additional currencies you plan to use.
Define a set of books and assign a calendar, functional currency, and account
structure. If you need to report on account balances in multiple currencies,
define additional set of books for your reporting currencies. If you plan to use
average balance processing, you must specifically enable average balance
processing, assign a transaction calendar, and define a Net Income Account.
Assign your set of books to a responsibility in System Administration.
Define reporting responsibilities and assign each reporting set of books to a
separate responsibility in System Administration.
Define conversion rate types and enter daily rates, period rates, and period-
average rates to enter transactions in multiple currencies.
42. HOW MANY TYPES OF SET OF BOOKS CAN BE CREATED? NAME THEM.
- Not sure.
JOURNALS
Open period
Create functional and foreign journal entries
Reverse journal entries
Post
Review and correct balances
Revalue foreign currency balances
Translate foreign currency balances
Consolidate sets of books
Review and correct balances
Run accounting reports
Close the accounting period
Manual journal
Reversing entries
Recurring entries
Mass Allocations
Journal import (from feeder systems)
Journal wizard
Yes: Journal import will place journal lines with different accounting dates into
separate journals.
No: Journal import will group all journal lines with different accounting dates
that fall into the same accounting period into the same journal, unless average
balance processing is enabled.
For each journal source, specify whether to import detail reference information
for summary journals imported from your Oracle sub-ledger applications. This is
required if you want to be able to drilldown to the original sub-ledger transaction from
balances in GL. With journal sources, you can:
If you have journal approval enabled for your SOB, you can use journal sources
to enforce management approval of journals before they are posted. If you are using
average balance processing, select an effective date for your journal source.
Journal categories help you differentiate journal entries by purpose or type,
such as Accrual, Payments, or Receipts. When you create journal entries, you must
choose the default or specify a category.
Using categories, you can:
51. HOW MANY BUTTONS ARE THERE ON THE MANUAL JOURNAL ENTRY
FORM? WHAT ARE THEY?
- By default, there are 3 buttons on the manual journal entry form:
More Details
Change Currency
More Actions
52. HOW MANY BUTTONS ARE THERE UNDER THE “MORE ACTIONS”
BUTTON? WHAT ARE THEY?
- When we click on the “More Actions” button, another window appears with 4 buttons:
Reverse Journal
Post
Change Period
Cancel
Unposted
Pending
Processing
Selected for posting
Posted
Error
56. CAN YOU CREATE A JOURNAL ENTRY WITH A PARENT SEGMENT VALUE?
- Not sure. May be possible with a child value combined. Parent values automatically
allow posting and budgeting.
GL_JE_BATCHES
GL_JE_HEADERS
GL_JE_LINES
GL_BALANCES
GL_INTERFACE
A is the Cost Pool that will be allocated. It can be amount or account balance.
B is the numerator of the factor (a number or statistical account) that multiplies
the cost pool for the allocation.
C is the denominator of the factor (a number or statistical account) that divides
the cost pool for the allocation.
Looping
Summing
Constant
Enter an account in the Target line to specify the destination for your allocation.
The parent value used in the target must be the same parent value used in the
B and C lines of the formula.
Offset (O):
Enter an account in the Offset line to specify the account to use for offsetting
debit or credit from your allocation.
The Offset account is usually the same account as formula line A to reduce the
cost pool by the allocated amount.
68. CAN YOU DELETE AN UNPOSTED JOURNAL?
- Not sure.
Daily rates
Historical rates
Period-End
Period-Average
Historic
79. WHILE DEFINING THE CONVERSION RATE FOR REPORTING SOB, WHICH
USER SHOULD DO IT?
- Not sure.
80. WHAT IS THE PURPOSE OF THE “FIRST MRC PERIOD” WHILE ASSIGNING
THE REPORTING BOOK TO THE PRIMARY BOOK?
- Not sure.
81. WHAT MUST BE COMMON BETWEEN THE PRIMARY AND THE REPORTING
BOOKS?
- To use MRC, the primary and the reporting SOBs must all share the same calendar
and chart of account structures.
82. ON WHICH EVENT IN THE PRIMARY BOOK, THE MANUAL JOURNALS ARE
TRANSFERRED TO THE REPORTING BOOK?
- When journals are posted in the primary SOBs.
Automatic data conversion that converts disparate data formats into an Oracle
format.
Reapplication of the same rules each time you transfer.
Automatic data validation on imported data provide greater flexibility.
Conditions allow you to control when Transformation rules to be applies.
Consolidation Sets: You can even create consolidation sets which launch
multiple consolidations in a single step for overall streamlining of the
consolidation process.
Consolidation Hierarchies: You can create consolidation hierarchies, or multi-
level hierarchies, and view your consolidations hierarchies using a graphical
Consolidation Hierarchy Viewer.
State Controller: From the consolidation workbench, you can access the State
Controller, which is a color coded navigation tool to guide through the
consolidation process.