Oracle 1Z0-216 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-216
Exam Name/Title: Oracle EBS R12: General Ledger and Receivables Fundamentals
Certification Provider: Oracle
Corresponding Certification: Other Oracle Certification

Exam Questions: 244
Updated On: Jul 08, 2026

Question #1

Identify two correct statements about the transaction flexfields for the Receivables AutoInvoice interface tables. (Choose two.)

A. Reference transactionflexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment.

B. Reference transactionflexfields are used to associate a specific tax line with a specific transaction line.

C. Link-to transactionflexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment.

D. Link-to transactionflexfields are used to associate a specific tax line with a specific transaction line.

Discussion 0

Correct Answer: A,D Vote an answer

Question #2

AutoLockbox uses attributes to identify a customer for each AutoLockbox receipt. Which five attributes for AutoLockbox are used to identify the customer? (Choose five.)

A. MICR number

B. Customer number

C. Transaction number using the auto associate option

D. Balance forward bill number using the auto associate option

E. Sales order number

F. Receipt number (which is often the check number)

Discussion 0

Correct Answer: A,B,C,D,E Vote an answer

Question #3

XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity Balancing Segment".What must be defined in order for the General Ledger Transfer process to execute without error?

A. Gain account

B. Suspense account

C. Expense account

D. Rounding account

E. Revenue account

Discussion 0

Correct Answer: B Vote an answer

Question #4

Transaction numbering is set up using _____.

A. AutoAccounting

B. Transaction types

C. System options

D. Transaction sources

Discussion 0

Correct Answer: D Vote an answer

Question #5

What are the five steps for creating MassAllocation journal entries? (Choose five.)

A. Reviewing journal entries

B. Creating theMassAllocation definition

C. Posting journal entries

D. Validating theMassAllocation definition

E. Freezing the accountingflexfield

F. GeneratingMassAllocation journals

G. Validating cross-validation rules

Discussion 0

Correct Answer: A,B,C,D,F Vote an answer

Question #6

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. 2 and 3

B. 1 and 3

C. 1 and 2

D. 1 and 4

Discussion 0

Correct Answer: B Vote an answer

Question #7

Identify three entities that can become a party in Oracle Trading Community Architecture (TCA). (Choose three.)

A. A business contact telephone

B. A business contact email

C. A business mailing address

D. A business organization

E. An individual customer

F. A personal relationship

Discussion 0

Correct Answer: D,E,F Vote an answer

Question #8

BC Corporation wants to use one ledger for its many subsidiary companies that will share the global chart of accounts structure and the corporate accounting calendar. The controller is concerned about users charging the wrong company when entering a journal entry. Which setup would address the controller's concern?

A. Journal approval ensures that journal entries are correct and approved before they can be posted.

B. Cross-validation rules ensure that the proper code combinations are used.

C. Suspense posting ensures that when there are unbalanced entries, the system would make it balanced.

D. Intercompany accounting ensures that if a wrong company is used, at least intercompany accounting entries would be created.

E. Segment security rules prevent users from seeing companies that they are not supposed to see.

Discussion 0

Correct Answer: E Vote an answer

Question #9

Which two statements are true about invoicing rules and accounting rules? (Choose two.)

A. If a transaction has an invoicing rule, an accounting rule is also required.

B. Invoicing rules determine when invoices are due. Accounting rules affect how invoices are accounted for.

C. Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.

D. If a transaction has an invoicing rule, an accounting rule is not allowed.

E. If a transaction has an invoicing rule, an accounting rule is optional.

F. Invoicing rules and accounting rules have no effect until invoices are paid.

Discussion 0

Correct Answer: A,C Vote an answer

Question #10

Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.

A. One per primary ledger

B. Two per primary ledger

C. One per primary ledger with a reporting currency

D. Unlimited

Discussion 0

Correct Answer: D Vote an answer

Question #11

After creating two new customers, LeftBank and RightSide, you create and complete an invoice for $105 ($100 plus $5 tax) for LeftBank. You immediately realize that you should have created the invoice for RightSide. Which three steps can you take to correct the situation? (Choose three.)

A. Create an on-account credit memo for $105 forLeftBank. Apply the on-account credit memo to the invoice. Enter and complete the invoice for RightSide.

B. Change the status of the invoice to incomplete. Change the customer in the invoice to RightSide. Complete the invoice.

C. Change the status of the invoice to incomplete. Delete the invoice, and then enter and complete the invoice for RightSide.

D. Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to the account of RightSide.

E. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transaction type that has creation sign equal to negative sign. Complete the invoice. Enter and complete the invoice for RightSide.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #12

Journal source, journal category, balance type, period, and effective date are used to define the _____ criteria set.

A. Recurring Journals

B. Mass Allocations

C. AutoPost

Discussion 0

Correct Answer: C Vote an answer

Question #13

Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

A. Define attributes for rows and columns.

B. Download Web ADI.

C. Decide which rows and columns will make up the report.

D. Determine the data to be reported.

E. Create the database link.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #14

What two types of access do you need to be able to run year-end closing journals for all legal entities? (Choose two.)

A. Read-only access to the ledgers

B. The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box

C. Read and write access to some of its balancing segment values and management segment values

D. Full ledger data access set type that provides read and write access to the ledger

Discussion 0

Correct Answer: B,D Vote an answer

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