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Oracle 1Z0-215 Exam Syllabus Topics:

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

Question 1

ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations have separate legal and statutory requirements. The tax requirements also differ for each country. Identify the action you would perform to set up Oracle General Ledger.

A. Create one legal entity and three accounting setups for theUS, France, and Italy.
B. Create three legal entities for theUS, France, and Italy, and one accounting setup.
C. Create a separate legal entity and accounting setup for each operation.
D. Create three legal entities for each operation. Create one accounting setup forFrance and Italy, and one for the US.
E. Create two legal entities: one forFrance and Italy, and one for the US. Create two accounting setups: one for France and Italy, and one for the US.

Question 2

Identify three statements that describe Payment Terms. (Choose three.)

A. can be used for electronic payments
B. cannot be specified in import tables
C. default from the supplier site
D. automatically calculate due dates, discount dates, and discount amounts for each invoice
E. can be used to schedule payments for an invoice

Question 3

If you use the Expense Report Export program, it converts expense reports created in these applications into Payables invoices. Identify the two applications. (Choose two.)

A. Oracle Internet Expenses
B. Oracle Aria
C. Oracle Payables
D. Oracle General Ledger
E. Oracle Projects
F. Oracle Travel

Question 4

Which statement is FALSE about the Stop Payments Report?

A. Payablesdoes not list stop payments that were voided at a later time.
B. Use this report to review all current stop payments.
C. Payablesdoes not list stop payments that were initiated, but then released at a later time.
D. Payableslists stop payments that were voided at a later time.

Question 5

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set
these options at the Event Class, Configuration Owner, or Tax level.
Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common
capability is found?

A. Allow Manual Tax Only Lines
B. Allow Recalculation for Manual Tax Lines
C. Allow Entry of Manual Tax Lines
D. Allow Override for Calculated Tax Lines
E. Allow Tax Recovery
F. Allow Withholding Tax

Solutions: