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Pass4sure 1Z0-216 Dumps with Real Questions & Practice Test
It determines whether the invoices should have open or closed status on the basis of the line amounts.
It uses the AutoInvoice clearing account if it cannot determine the Receivables account
by using AutoAccounting.
It uses the AutoInvoice clearing account if the price multiplied by quantity does not
equal the total amount for a line.
Answer: A, C, F
How many data source views can you register for the Lines data source in Bill
Which four attributes are validated during the Journal Import process? (Choose four.)
Journal sequence number
Answer: A, C, D, E
Which three statements are true about data conversion rules? (Choose three.)
Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.
Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.
Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.
For calendar conversion, the journal effective date determines the corresponding
nonadjusting period in the secondary ledger.
The General Ledger Posting program uses the rules to determine which journals to
automatically transfer to the secondary ledger during posting.
Answer: C, D, E
Your client will use the seeded credit classifications of Low Risk, Moderate Risk, and
High Risk to evaluate the credit worthiness of customers. It has also created the following credit review types: New Credit Limit Domestic Credit International Credit Guarantor of Credit Lease Application Credit How many credit checklists should the management set up in Oracle Credit Management to perform credit reviews in accordance with the organization's current policies?
You created an invoice with one line item of $100 and a tax of $10. This line item is
credited with an applied credit memo of $50. What is the credit to the tax line?
$10 D. $20
After you define a credit analyst, you can modify any of the analyst's information, except
Employee and group
Employee and username
Organization and territory
Cost center and employee
Username and organization
Group and group member role
Jane is the financial controller of ABC Corporation. ABC Corporation has three legal
entities: ABC East, ABC West, and ABC South. She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions and journal entries. Identify the right option in the given scenario.
All balancing segment values will be available to enter transactions and journal entries.
No balancing segment values will be available to enter transactions and journal
ABC East and ABC West balancing segment values will be available to enter
transactions and journal entries.
ABC East and ABC South balancing segment values will be available to enter
transactions and journal entries.
ABC South and ABC West balancing segment values will be available to enter
transactions and journal entries.
Party Merge provides the capability to merge parties and their related entities in the Oracle Trading Community Architecture (TCA) Registry, thereby eliminating duplicate data in the Registry. Select four entities that can be successfully merged using the Party Merge functionality.(Choose four.)
You can merge bill-to sites with bill-to sites.
You can merge bill-to sites with ship-to sites.
You can merge individuals with individuals.
You can merge individuals with organizations.
You can merge organizations with organizations.
Answer: A, C, D, E
Which two setups are required for customer invoicing? (Choose two.)
Customer profile classes
Answer: B, C
Identify two functions the Revenue Accounting Management (RAM) Wizard performs in
Oracle Receivables. (Choose two.)
Adjust sales credits
Execute the invoicing process
Manage revenue contingrncies
Answer: C, E
Select three true statements about mapping rules. (Choose three.)
Up to two rollup rules are possible.
You can define a combination of segment values and account rules.
Mapping sets enable you to transfer data from multiple subsidiaries simultaneously.
There are only two mapping rule actions consisting of copy value from and assign value from.
A rollup rule indicates to General Ledger what detail level of information to transfer and how to roll that information up to the parent.
Answer: B, C, E
Your company is using Oracle Receivables and Trade Management to create and resolve claims. A non-invoice-related claim is generated in Oracle Receivables and transferred to Trade Management for investigation. The balancing segments used for accounting on the individual transactions are:
Unapplied Cash: 1000
Receipt Write-Off: 3000
If you are using the Account Generator to update the balancing segment values, what is the balancing segment that is derived if the claim is resolved via receipt write-off?
Identify four types of transaction flexfields. (Choose four.)
Key transaction flexfield
Line transaction flexfield
Link-to transaction flexfield
Source transaction flexfield
Invoice transaction flexfield
Reference transaction flexfield
Answer: B, C, E, F
Which three are part of the Global Consolidation System (GCS) functionality? (Choose
Viewing the multilevel structure of your consolidation in a graphical format
Defining mapping rules to determine how subsidiary account balances roll up into the
Creating consolidated journal entries in both parent and subsidiary sets of books as
part of the consolidation process
Using the Interface Data Transformer to transfer data from Oracle global consolidations to external financial feeder systems
Viewing the status and monitor subsidiary account balances for any changes that occur
after the subsidiary data has been transferred
Answer: A, B, E
The data access set with the full ledger access set type defines three ledgers/ledger sets:
Full ledger access set type Ledger/ledger set Sets privileges Vision Services read and write Vision Operations read-only Vision Global read-only
Which statement is correct?
Users can only view existing data for the Vision Operations ledger.
Users have full read and write access to the Vision Operations ledger.
Responsibilities that use this data access set can only view existing data for the Vision
Responsibilities that use this data access set have full read and write access to the
Vision Global ledger.
Your customer ABC Inc., has headquarters in San Diego, California. The billing function
is performed in St. Louis, Missouri. It has a plant in Baltimore, Maryland, a warehouse in Richmond, Virginia, and an assembly line in Nashville, Tennesse. John Thomas, plant supervisor at Baltimore, orders equipment from you to be shipped to the assembly line in Nashville. Later, the assembly line in Nashville will send the equipment to the warehouse in Richmond. Identify the state sales tax to apply to this invoice.
Oracle 1Z0-216 Exam (Oracle E-Business Suite R12: General Ledger and Receivables Fundamentals) Detailed Information
1Z0-216 Oracle E-Business Suite R12: General Ledger and Receivables Fundamentals
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Test Code : 1Z0-216
Test Name : Oracle E-Business Suite R12: General Ledger and Receivables Fundamentals
Vendor Name : Oracle
Q&A : 244 Real Questions
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Oracle E-Business Suite R12: General Ledger and Receivables Fundamentals exam
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