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Oracle 1Z0-216 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger (GL) Fundamentals | - Financial Reporting
|
| Accounts Receivable (AR) Fundamentals | - Collections and Aging
|
| Integration Between GL and AR | - Subledger Accounting
|
Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
Which is the correct sequence of steps in planning your summary accounts?
(1)
planning the summary account structure
(2)
planning the parent segment values and rollup groups needed for summary accounts
(3)
determining summary account needs
(4)
planning summary account templates to generate multiple summary accounts
- A. 3, 1, 2, 4
- B. 2, 1, 3, 4
- C. 2, 3, 1, 4
- D. 1, 2, 3, 4
Correct Answer: A 🗳️
Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)
- A. You can consolidate balances only when there are separate ledgers for different companies.
- B. Consolidation is possible only when the subsidiaries use multiple Oracle application instances.
- C. Both budget and actual balances can be consolidated.
- D. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.
Correct Answer: C,D 🗳️
ABC Enterprise has operations in the US (East), the US (West), the US (North), and the US (South). The US (North) and the US (East) divisions want to have budgetary controls. The US (West) wants to have journal approvals. ABC Enterprise reports to its parent company in the UK and the reporting currency is GBP. The scope of implementation is for the US operations. The currency, chart of accounts, and calendar are the same for all operations. Identify the number of legal entities and primary ledgers that must be created.
- A. 1 and 4
- B. 1 and 2
- C. 1 and 3
- D. 2 and 3
Correct Answer: C 🗳️
Your client has operations in two countries: Company 01 is located in Chicago and Company 02 is located in London. Both companies share the same calendar but have a different chart of accounts. Your client requires a summary of transactions from both companies. Which three actions must be considered when defining the consolidation process for your client? (Choose three.)
- A. Definingan elimination set to include a group of related elimination entries
- B. Defining mapping rules to map Company 01 and Company 02 to Company 90
- C. Defining a consolidation process using the Global Consolidation System by defining Company 90 as a parent to consolidate data from Company 01 and Company 02
- D. Selecting the transaction method for transferring data from Company 01 to Company 90
Correct Answer: A,B,C 🗳️
Which three statements are true about mapping rules? (Choose three.)
- A. You can define segment or account rules, but not a combination of both.
- B. You can define account rules.
- C. You can modify your rollup rule after it has been saved.
- D. You can define segment rules instead of account rules for faster processing.
- E. You can define segment mapping rules.
Correct Answer: B,D,E 🗳️
