Oracle 1Z0-216 Actual Free Exam Questions & Community Discussion
All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
Correct Answer: C
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Your client has operations in two countries: Company 01 is located in Chicago and Company 02 is located in London. Both companies share the same calendar but have a different chart of accounts. Your client requires a summary of transactions from both companies. Which three actions must be considered when defining the consolidation process for your client? (Choose three.)
Correct Answer: B,C,D
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The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)
Correct Answer: B,C,D
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Identify four required Oracle Credit Management system options. (Choose four.)
Correct Answer: A,C,D,E
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Which are the three formats in which late charges can be presented to your customers? (Choose three.)
Correct Answer: A,C,D
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Which table stores information about contingencies that impact revenue recognition for imported transactions?
Correct Answer: A
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You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?
Correct Answer: C
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Identify two features of content sets when creating reports using Financial Statement Generator (FSG). (Choose two.)
Correct Answer: C,E
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Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?
Correct Answer: D
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Identify the three reports that can be processed using the State Controller window. (Choose three.)
Correct Answer: A,C,E
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Your client has sales tax requirements that involve two types of sales tax. The first sales tax applies to all customers. The second sales tax is based on where the company ships the goods. All goods are taxable; however some customers who resell the goods are exempted from the second sales tax. Choose three applicable options to set up sales tax for your client. (Choose three.)
Correct Answer: B,C,D
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ABC Corp. has a requirement that all budget entries are made through journals. Identify one choice where this can be accomplished.
Correct Answer: C
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Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirement is to restrict three of the analysts from creating chargebacks or adjustments. What would be your advice to ensure compliance with this internal control?
Correct Answer: D
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Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)
Correct Answer: C,D,E
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