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Oracle 1Z0-216 Exam Syllabus Topics:

Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:

Question 1

Your client has operations in two countries: Company 01 is located in Chicago and Company 02 is located in London. Both companies share the same calendar but have a different chart of accounts. Your client requires a summary of transactions from both companies. Which three actions must be considered when defining the consolidation process for your client? (Choose three.)

A. Selecting the transaction method for transferring data from Company 01 to Company 90
B. Defining a consolidation process using the Global Consolidation System by defining Company 90 as a parent to consolidate data from Company 01 and Company 02
C. Definingan elimination set to include a group of related elimination entries
D. Defining mapping rules to map Company 01 and Company 02 to Company 90

Question 2

An easy methodology to clarify how to define rollup groups for the summary account is to _____.

A. Sketch the summarization levels
B. Discuss it with all levels of management within the organization
C. Review detailed financial reports
D. Look at industry standards

Question 3

Identify two correct statements regarding a primary ledger. (Choose two.)

A. Multiple legal entities can be linked to one primary ledger.
B. Defining a primary ledger is not mandatory.
C. Multiple primary ledgers can be linked to one secondary ledger.
D. A primary ledger is the main record-keeping ledger.
E. Multiple primary ledgers are required for one accounting setup always.

Question 4

Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)

A. Consolidations based on segment rules process faster.
B. Segment rules override account rules if there is any conflict.
C. Consolidations based on account rules process faster.
D. A segment rule action must be defined for each segment in the parent chart of accounts.
E. Only one action can be defined per parent segment.

Question 5

Your receivables clerk is confused about entering duplicate receipt numbers in Oracle Receivables. According to the organization's policy, the customers check number is entered as the receipt number while entering manual check receipts. There are instances when the same check number is received from different customers. What do you tell your receivables clerk?

A. Oracle Receivables does not allow entry of duplicate receipt numbers.
B. Oracle Receivables allows entry of duplicate receipt numbers if the receipts are from the same customer.
C. Oracle Receivables does not allow entry of duplicate receipt numbers if the receipt number, currency, amount, and customer number in a receipt are identical to those in another receipt.
D. Oracle Receivables allows entry of duplicate receipt numbers if the receipt amount is different from the amount in other receipts with the same receipt number.
E. Oracle Receivables allows entry of duplicate receipts if the receipts are from the same batch source.

Solutions: