Oracle 1Z0-216 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Ledger Overview & Setup | 40% | - Financial Reporting
|
| Integration & Core Concepts | 20% | - Key Business Processes
|
| Accounts Receivable Overview & Setup | 40% | - Receivables to GL Integration
|
Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
1. ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations have separate legal and statutory requirements. The tax requirements also differ for each country. Identify the action you would perform to set up Oracle General Ledger.
A) Create one legal entity and three accounting setups for the US, France, and Italy.
B) Create a separate legal entity and accounting setup for each operation.
C) Create two legal entities: one for France and Italy, and one for the US. Create two accounting setups: one for France and Italy, and one for the US.
D) Create three legal entities for the US, France, and Italy, and one accounting setup.
E) Create three legal entities for each operation. Create one accounting setup for France and Italy, and one for the US.
2. Which three functions can the Create Accounting Program perform? (Choose three.)
A) Validating distribution lines
B) Transferring data to the interface table
C) Running the journal import
D) Creating accrual entries
E) Creating accounting entries
3. Your company needs a solution that provides the option of transferring a high volume of customer receipts from the bank into the Oracle Accounts Receivable system. You do not want the customers account balance to be affected immediately when the receipts are transferred and uploaded to the receivables system. Which is the most appropriate receipt creation method to implement in Oracle Receivables?
A) Miscellaneous receipts
B) Automatic receipts
C) Cash receipts
D) Quickcash receipts
E) Manual receipts
4. You have the option to define your own accounting rules in Oracle Subledger Accounting to meet your implementation's business requirements by using ______.
A) The accounting methods builder
B) Application rule sets
C) AutoCash rule sets
D) The Revenue Accounting Management wizard
5. When you change a summary account template funds check level from none to advisory or absolute, you must _____.
A) Change the time period on the template to the earliest period to identify the begin date of the new funds check level
B) Complete the required data on the template for the new funds check level
C) Delete the original template and then re-create it for the appropriate funds check level
D) Do nothing else (no additional work is needed)
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B,C,E | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: C |
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