Oracle EBS R12: General Ledger and Receivables Fundamentals - 1Z0-216 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

A. Require autonomous document sequencing for a legal entity B. Open and close periods simultaneously C. Have tax requirements that are specific for a legal entity D. Operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes E. Have similar ledger processing options

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 2

Which three activities would use summary accounts? (Choose three.)

A. Formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries B. Allocating the total monthly costs of the Information Services department to other departments C. Estimating a sales commission accrual based on the total of all product sales for each division D. Creating a monthly recurring standard journal entry to amortize goodwill

Discussion 0

Correct Answer: A,B,C Vote an answer

Question 3

ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have a substantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that can be used for uploading data by using Web ADI. (Choose four.)

A. Inventory data B. Budgets data C. Customers data D. Assets data E. HRMS data F. Vendors data

Discussion 0

Correct Answer: A,B,D,E Vote an answer

Question 4

Which three statements are true about mapping rules? (Choose three.)

A. You can define segment rules instead of account rules for faster processing. B. You can define segment mapping rules. C. You can modify your rollup rule after it has been saved. D. You can define segment or account rules, but not a combination of both. E. You can define account rules.

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 5

Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?

A. Oracle Property Manager B. Oracle Treasury C. Oracle Assets D. Oracle Projects E. Oracle Receivables

Discussion 0

Correct Answer: B Vote an answer

Question 6

Identify two statements that apply to Oracle Collections. (Choose two.)

A. It can be used to place an invoice in dispute. B. It is a Web-based self-service application. C. It enables customers to see their own Oracle Receivables account information, such as balances. D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.

Discussion 0

Correct Answer: A,D Vote an answer

Question 7

The following template has been created:
D_Region_Asset
Here, D represents the company segment; the value set is called company.
Region represents the division segment; the value set is called division.
Asset represents the natural account segment; the value set is called account.
You receive this error:
APP-08820: The rollup group 'Asset' is not defined in the value set: <'Account'>.
What is the problem?

A. The asset rollup group has been assigned to a parent with no child values. B. The natural account segment can have only a T designation. C. The asset rollup group should have been aligned with the division segment. D. The asset rollup group has not been assigned to a parent value.

Discussion 0

Correct Answer: D Vote an answer

Question 8

A debit memo reversal must be utilized to reverse the receipt if_____ .

A. Receipt is a non-invoice-related receipt B. Receipt has been reconciled in Cash Management C. Receipt has an open claim associated with it D. Receipt has a remitted credit card refund application

Discussion 0

Correct Answer: D Vote an answer