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Oracle 1Z0-215 Exam Syllabus Topics:

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

Question 1

E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implement accrual-based accounting recoverable tax, four setups are needed. (Choose four.)

A. Enable "Set as offset tax."
B. Enable the default recovery settlement options at the regime, tax, tax status, or tax rate levels.
C. Define tax accounts, tax expense, recoverable tax, and interim tax.
D. Enable "Allow tax recovery."
E. Set the default recovery settlement option to "Deferred."

Question 2

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.)

A. Only one action can be defined per parent segment.
B. Consolidations based on segment rules process faster.
C. A segment rule action must be defined for each segment in the parent chart of accounts.
D. Segment rules override account rules if there is any conflict.
E. Consolidations based on account rules process faster.

Question 3

Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?

A. Payables Posted Payment Register
B. Invoice Register
C. Create Accounting
D. Invoice Audit Listing

Question 4

In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program. What two requirements are necessary to run this program? (Choose two.)

A. Enable the FSG:AutoCopy profile option in the production environment.
B. Database links must be defined.
C. The same ledgers must be defined in both instances.
D. The same row and column sets must exist in the production environment.

Question 5

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

A. Download Web ADI.
B. Decide which rows and columns will make up the report.
C. Determine the data to be reported.
D. Define attributes for rows and columns.
E. Create the database link.

Solutions: