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Oracle 1Z0-215 real answers - Oracle EBS R12: General Ledger and Payables Fundamentals

1Z0-215
  • Exam Code: 1Z0-215
  • Exam Name: Oracle EBS R12: General Ledger and Payables Fundamentals
  • Updated: Oct 12, 2024
  • Q & A: 267 Questions and Answers
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Oracle EBS R12: General Ledger and Payables Fundamentals Sample Questions:

1. Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

A) A segment of different chart of accounts structures can share the same value set.
B) It is possible to have multiple companies in the same set of books provided that they share the same chart of accounts structure, accounting calendar, and reporting currency.
C) A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart of accounts structure.
D) If the same value set is used for two or more chart of accounts structures, the same security rules for that segment cannot be assigned to multiple structures.


2. Select two statements that are correct for the secondary tracking segment. (Choose two.)

A) Any segment that is specified as the secondary tracking segment also must be specified as the management 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) 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.
E) Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.


3. Select the four activities that are NOT part of the Payables closing process. (Choose four.)

A) close the Payables period
B) confirm payment batches
C) review theUninvoiced Receipts Report
D) process period-end receipt accruals
E) close the General Ledger period
F) process the remaining Inventory transactions


4. Company A wants to distribute the rent expense to its various departments on the basis of floor space. It has taken these steps:
1) capturing the floor space that is used by each department in a statistical account 2) creating a journal entry for the rent
Identify the next two steps required to distribute the rent cost to the various departments. (Choose two.)

A) creating manual journal entries for distributing the rent
B) defining and generatingMassAllocation
C) defining theMassAllocation journal
D) posting the journal


5. Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)

A) You need a supplier as the criterion to search for purchase orders in the system.
B) You receive goods or services from suppliers.
C) You need a supplier as the criterion to search for a payment in the system.
D) You need supplier information for entering purchase orders.
E) You must pay the supplier for the goods or services purchased.


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: B,C
Question # 3
Answer: C,D,E,F
Question # 4
Answer: B,D
Question # 5
Answer: B,D,E

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