Oracle 1Z0-216

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

1. XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is "product." Select the element that would meet this need.

A) Row set
B) Column set
C) Row order
D) Content set

2. You are using the Event Based Revenue Management business rule for revenue recognition. Your company is on the calendar month for financial reporting. On April 12th of the current year, a customer invoice of $1000 is imported. It has an acceptance clause of 60 days and a cancellation clause of 120 days. On April 28th of the current year, a receipt of $1000 is applied against this invoice. You would recognize revenue of $1000 in the month of _____.

A) August
B) June
C) July
D) April
E) May

3. ABC Corporation is a national company with five divisions that share the same ledger. Select the statement that best describes the consolidation process for ABC Corporation.

A) Enter eliminating journals and run financial reports.
B) Transfer data and run financial reports.
C) Run revaluation, translation, and eliminations; then transfer data and run financial reports.
D) Run translations, transfer data, and run financial reports.
E) Run revaluation and translation, transfer data, and run financial reports.

4. To create a party paying relationship, the relationship type must be hierarchical and the party type must be _______.

A) Parent
B) Person
C) Organization
D) Person or organization
E) Child

5. During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in which the batches cannot be deleted. Select three scenarios that would be on the checklist. (Choose three.)

A) The journal batch has not been posted.
B) The source is frozen.
C) Funds are in the process of being reserved for the batch.
D) Funds have been reserved for the batch.
E) The journal batch has not been approved.

Solutions: