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Oracle 1Z0-215 Exam Syllabus Topics:

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

1. XYZ Limited has hired Jack as the Oracle General Ledger implementation consultant. Select three steps that are required for creating a new accounting structure. (Choose three.)

A) Assign legal entities.
B) Define jurisdictions.
C) Definesubledger accounting methods.
D) Define accounting representations.
E) Define period types.
F) Save the accounting structure.

2. Which three statements are true about the revaluation process? (Choose three.)

A) Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.
B) The revaluation process must be executed after the translation process has completed.
C) You must post the revaluation journal entries.
D) This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.

3. Identify three statements that are true for creating the withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

A) The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.
B) There can be multiple withholding tax codes with multiple tax authorities assigned to a group.
C) You can set up a special calendar to define periods that Payables uses for automatic withholding tax.
D) The Withholding Tax Group defaults in from the supplier or supplier site.
E) The Withholding Tax Report is prepared by suppliers.

4. Which three are true about internal bank accounts? (Choose three.)

A) They are defined to disburse funds to suppliers.
B) Internal accounts define bank accounts for which you are the account holder.
C) They are defined to disburse electronic payments from your customers.
D) They are defined for receiving electronic payments made to your suppliers.
E) They are defined for receiving payment from customers.

5. Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

A) It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise Planning and Budgeting.
B) This system creates consolidated journal entries in both the parent and subsidiary sets of books.
C) It consolidates data from the legacy feeder system.
D) GCS automatically generates journal entries to eliminate intercompany balances based on defined rules.

Solutions: