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Oracle 1Z0-216 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Ledger Overview & Setup | 40% | - Journal Processing
|
| 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:
There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional. Which two setup steps are optional? (Choose two.)
- A. Define receipt methods.
- B. Define receipt sources.
- C. Define application rule sets.
- D. DefineAutoCash rule sets.
- E. Define receipt classes.
Correct Answer: C,D 🗳️
Which rule must be applied when using summary accounts to create a mass allocation journal?
- A. Summing (S) must be assigned to each rollup group that is used in the formula line, so that the related child values are summarized.
- B. Looping (L) must be assigned to each rollup group that is used in the formula line, so that the associated child values are incorporated in the calculation.
- C. Constant (C) must be assigned to each rollup group that is used in the formula line.
Correct Answer: C 🗳️
Which two are true about elimination? (Choose two.)
- A. Currency is an optional component when defining an elimination set.
- B. You can define an elimination set to contain one elimination entry.
- C. You can define balancing options for eliminating entries.
- D. You must specify an elimination company in the Elimination Sets window.
Correct Answer: B,C 🗳️
Your client has requested that you set up a relationship type that would allow any party within the relationship to pay for the accounts of any other party. Identify the relationship group that you would assign your relationship type to, in order to accomplish this.
- A. Pay parties
- B. Pay below
- C. Pay all
- D. Pay within
Correct Answer: D 🗳️
Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?
- A. Natural accounts were defined with an incorrect account type.
- B. Natural accounts were defined to not allow posting.
- C. Natural accounts were defined as parent values.
- D. Natural accounts were defined to store both statistical and monetary values.
Correct Answer: A 🗳️
