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Oracle 1Z0-216 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Processing | - Period Close Processes - Journal Entries and Posting - Recurring Journals |
| Topic 2: Receivables Setup and Configuration | - Transaction Types and Receivables Activities - AutoInvoice Processing - Customer Setup |
| Topic 3: Receivables Transactions and Processing | - Receipt Application and Cash Management - Adjustments and Credit Memos - Invoice Creation and Management |
| Topic 4: Accounting and Reporting | - Reconciliation Between GL and AR - Subledger Accounting Integration - Financial Reporting in EBS |
| Topic 5: General Ledger Configuration and Setup | - Journal Sources and Categories - Ledgers and Ledger Sets - Chart of Accounts Structure |
Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
Select two statements that are correct for the secondary tracking segment. (Choose two.)
- A. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.
- B. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
- C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
- D. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.
- E. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
Correct Answer: B,C 🗳️
Which profile option must be enabled to allow you to change the tax code on the transaction line in Receivables?
- A. eBtax: Inventory item for Freight
- B. eBtax: Allow Ad Hoc Tax Changes
- C. eBtax: Allow Override of Customer Exemptions
- D. eBtax: Allow Manual Tax Lines
Correct Answer: B 🗳️
Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day of each month. However, some tenants are required to make the monthly rent payments in two installments, that is on the15th and the last day of the month. Which two statements are correct about the possible solutions for this business requirement? (Choose two.)
- A. Accounting rules can be set to allow customers to make payments in two installments.
- B. Payment term can be set to defer the monthly rent revenue.
- C. Invoicing rules can be set to defer the monthly rent revenue.
- D. Invoicing rules can be set to allow customers to make payments in two installments.
- E. Accounting rules can be set to defer the monthly rent revenue.
- F. Payment term can be set to allow customers to make payments in two installments.
Correct Answer: E,F 🗳️
The Receipt Inherit Invoice Number option affects only receipts created by _____.
- A. The AutoLockbox program
- B. The Automatic Receipts program
- C. Oracle Cash Management
- D. Oracle Trade Management
Correct Answer: B 🗳️
Identify two statements that apply to Oracle Collections. (Choose two.)
- A. It enables customers to see their own Oracle Receivables account information, such as balances.
- B. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.
- C. It is a Web-based self-service application.
- D. It can be used to place an invoice in dispute.
Correct Answer: B,D 🗳️
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