Oracle 1Z0-216 Actual Free Exam Questions & Community Discussion
John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger. John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.
Correct Answer: B
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Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)
Correct Answer: A,C,D
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Which three are part of the Global Consolidation System (GCS) functionality? (Choose three.)
Correct Answer: A,B,C
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ABC Company in India exports raw materials to XYZ Company in the USA. There is an outstanding invoice of INR 90,000,000 to be paid in two months. The USD-to-INR rate when the transaction was completed was 45. Now the USD-to-INR rate has changed from 45 to 40. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)
Correct Answer: B,C
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Identify two credit memo options that are available in Oracle Receivables. (Choose two.)
Correct Answer: A,C
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Identify two correct statements about Oracle Receivables. (Choose two.)
Correct Answer: A,E
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Customer reason codes can be used to assist in automatic claim creation in Receivables. Customer reason code mappings are assigned in _____.
Correct Answer: F
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Before you can create customer invoices, you have to define customers and your remit-to address. Identify five additional setups that are required before you can create invoices in Receivables. (Choose five.)
Correct Answer: A,B,D,E,G
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Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of subledgers that can be closed concurrently. (Choose two.)
Correct Answer: A,B
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Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.
Correct Answer: B
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A receipt of $2,000 is received for an invoice that has $1,500 as the amount due. The remittance advice does not state a reason for the overpayment. Identify the receipt state that should be displayed.
Correct Answer: D
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Which two setups are required for customer invoicing? (Choose two.)
Correct Answer: A,D
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Identify three purposes for which transaction types can be used. (Choose three.)
Correct Answer: B,E,F
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A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify the customer or invoice. Which is the correct method of entering the receipt in Oracle Accounts Receivable?
Correct Answer: A
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