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Oracle 1Z0-216 Exam Syllabus Topics:

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

1. ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has multiple ledgers and needs to summarize balances across ledgers. ABC Enterprise is security conscious and wants to restrict user access on ledgers. All its ledgers share the same chart of accounts and accounting calendar or period-type combination. Identify which functionality of Oracle General Ledger serves the need of ABC Enterprise.

A) Ledger sets
B) Ledgers
C) Consolidation
D) Balance transfers
E) Data access sets

2. Identify two places where you can define a legal entity. (Choose two.)

A) HRMS organization setup
B) Data access set
C) Accounting Setup Manager
D) Set of books
E) Legal EntityConfigurator

3. Which three data elements default from transaction type in Oracle Receivables? (Choose three.)

A) Payment terms (if not set at the customer level)
B) Accounting
C) Legal entity
D) Transaction numbering
E) Sales person

4. Jack is implementing Oracle General Ledger for ABC Corporation. The management wants the definition of data access set with full ledger access set type for its four ledgers/ledger sets as shown here: Balancing Segment Value Data Access Set Type Ledger/Ledger Set Balancing Segment Value Privileges ABC Services All Read and Write ABC Operations 01 Read-Only ABC Operations 20 (Parent of child values 21-29) Read and Write ABC Global Industries Ledger Set All Read and Write Select two correct statements in this scenario. (Choose two.)

A) Responsibilities using this data access set will have read and write access to the data in ABC Services and all its balancing segment values.
B) Users have read and write access to the data in some balancing segment values in the ledger set, ABC Global Industries.
C) Users can only view the existing data in ABC Operations for the balancing segment value 01.
D) Users have read-only access to the data in some balancing segment values in the ledger set, ABC Global Industries.

5. Select four processes that are facilitated by the credit management workflow. (Choose four.)

A) Gathering organization account credit data
B) Gathering prospect credit data
C) Analyzing customer account credit data for individuals
D) Implementing credit decisions for individuals
E) Analyzing prospect credit data
F) Implementing credit decisions for organizations

Solutions: