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2018 Jan Oracle Official New Released 1z0-216
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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 211 – (Topic 1)

Select four key system options in Oracle Receivables that are related to customers. (Choose four.)

  1. default country

  2. receipt method

  3. automatic site numbering

  4. create reciprocal customer

  5. customer credit classification

  6. automatic customer numbering

  7. allow payment of unrelated transactions

Answer: C,D,F,G

Question No: 212 – (Topic 1)

Identify two credit memo options that are available in Oracle Receivables. (Choose two.)

  1. tax only

  2. advance

  3. paid freight

  4. invoice lines

  5. paid amount only

Answer: A,D

Question No: 213 – (Topic 1)

Which are the three formats in which late charges can be presented to your customers? (Choose three.)

  1. adjustment

  2. chargeback

  3. debit memo

  4. add-on fees

  5. credit memo

  6. interest invoice

Answer: A,C,F

Question No: 214 – (Topic 1)

Select three statements that apply to iReceivables. (Choose three.)

  1. It is a Web-based self-service application.

  2. It can be used to verify the status of invoices and receipts.

  3. It is geared towards call centers, as well as credit and collections departments.

  4. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.

Answer: A,B,D

Question No: 215 – (Topic 1)

XYZ Company uses financial statement generator reports to produce profit and loss statements and balance sheet reports. Occasionally, XYZ Company needs to run a report that is slightly different from the standard ones that have been created. Identify two types of changes the XYZ Company can make by using the Row Order feature to accomplish this need. (Choose two.)

  1. adding a new calculation

  2. sorting based on column values

  3. displaying segment values and descriptions

  4. changing how rounding options are performed

Answer: B,C

Question No: 216 – (Topic 1)

Identify two reasons why ABC Company would use Oracle Business Intelligence (BIS) as one of their reporting tools. (Choose two.)

  1. Perform ad hoc query, reporting, analysis, and Web publishing.

  2. Provide a secured and centralized location to produce and manage point-in-time reports.

  3. Executive-level information about earnings per share and current ratios can be obtained.

  4. Monitor the business at a high level and obtain performance measures by using business metrics.

  5. Create consolidated reports and perform consolidation for companies that share the same ledger.

Answer: C,D

Question No: 217 – (Topic 1)

John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger.

John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

  1. Merge the primary ledger and the secondary ledger, and run reports.

  2. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.

  3. Transfer transactional data from the primary ledger to the secondary ledger while running reports.

  4. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.

Answer: D

Question No: 218 – (Topic 1)

Which three statements are true about AutoAccounting? (Choose three.)

  1. You define AutoAccounting before you enter transactions in Receivables.

  2. AutoAccounting does not allow you to override default accounts in the Transactions Distribution window.

  3. AutoAccounting allows you to flexibly define the default account mapping for each segment in your chart of account structure.

  4. AutoAccounting is used to determine default general ledger accounts for manual invoices and for invoices created by AutoInvoice.

Answer: A,C,D

Topic 2, C


Question No: 219 – (Topic 2)

Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses.

Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.

While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John.

Choose what Sam would have explained to John.

  1. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.

  2. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.

  3. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.

  4. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make the transfer.

Answer: B

Question No: 220 – (Topic 2)

Which three functions can the Create Accounting Program perform? (Choose three.)

  1. creating accrual entries

  2. running the journal import

  3. validating distribution lines

  4. creating accounting entries

  5. transferring data to the interface table

Answer: B,D,E

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