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

AutoInvoice does not import Receivables invoices from the interfaces. Identify two reasons that can cause AutoInvoice to fail. (Choose two.)

Identify two mandatory attributes for grouping rules. (Choose two.)

There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional. Which two setup steps are optional? (Choose two.)

ABC Enterprise closes its books on March 31st. These activities have been identified to be performed for the closure of books. 1) post 2) translate 3) review 4) consolidate 5) revalue 6) run accounting reports 7) close accounting period In which order must these activities be performed?

Your client is using Oracle Trading Community Architecture (TCA) relationship manager to create and manage relationships among parties. However, your client is having difficulty understanding circular relationship types. Select two examples of circular relationships. (Choose two.)

The GL accountant tells you that he has defined two budgets. After selecting the budget organization in the Enter Budget Amounts form, he can select only one budget from the list of values (LOV). What would be your response?

Your company is using Oracle Receivables and Trade Management to create and resolve claims. A non-invoice-related claim is generated in Oracle Receivables and transferred to Trade Management for investigation.The balancing segments used for accounting on the individual transactions are:
Claim Investigation:1001 Unapplied Cash: 1000 Cash: 1000 Receivables: 2000 Receipt Write-Off: 3000 If you are using the Account Generator to update the balancing segment values, what is the balancing segment that is derived if the claim is resolved via receipt write-off?

Select two actions that ledger sets permit. (Choose two.)

Your client is implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by the report. Identify three applications that can be reported by the Tax Reporting Ledger. (Choose three.)

Which statement best describes stages in the credit review process?

When you define an assignment rule in Bill Presentment Architecture, you specify one or more criteria for content item values. Select the three items contained in each criterion. (Choose three.)

Identify four types of transaction flexfields. (Choose four.)

Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)

Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.
1.suspense account - suspense posting
2.reserve for encumbrance account - exchange rate gain/loss
3.non-postable net income account - average balance processing
4.ledger currency balancing account - for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value
5.entered currency balancing account - for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value Identify two correct mappings of accounts. (Choose two.)