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

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

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

1. Identify three statements that are true about bank account information. (Choose three.)

A) Payables, Receivables, and/or Treasury uses bank accounts.
B) Receivablesuses a bank account to receive payments from customers.
C) Payablesuses an internal bank account to disburse funds to suppliers.
D) Bank accounts are used to calculate the supplier's discount.
E) Disbursement bank accounts cannot be used for payment.


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.

A) 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.
B) There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.
C) 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.
D) There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.


3. Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.

A) an EFT, EDI, or XML to the bank of a supplier
B) a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier
C) transmission of payment information to an external party, such as your bank, that prints checks on your behalf
D) a paper check to print and send to a supplier


4. Identify three invoice holds that cannot be manually released. (Choose three.)

A) Prepaid Amount Reason
B) Acct Hold Reason
C) Invoice Hold Reason
D) Matching Hold Reason
E) Variance Hold Reason
F) Insufficient Information
G) Funds Hold Reason


5. Which four selection criteria can be used when creating a pay run? (Choose four.)

A) customer
B) pay group
C) supplier
D) invoice batch
E) due date
F) payment priority


Solutions:

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

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