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Oracle 1Z0-216 Exam Overview:

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

1. ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar, currency, subledger accounting method, and ledger processing options. They have additional accounting requirements:
1.All legal entities share the same primary ledger attributes.
2.None of the legal entities have special requirements to open and close accounting periods
independent from the others.
3.All legal entities engage in intercompany accounting.
4.For month-end consolidation purposes, ABC Metal Corporation wants to keep their
consolidation adjustments and elimination entries completely separate from the day-to-day
transactions of their legal entities.
Based on these requirements, select two considerations that are true for the accounting setup.
(Choose two.)

A) Secondary ledgers cannot be added for an additional accounting representation.
B) Specific balancing segment values must be assigned to each legal entity.
C) Specific balancing segment values need not be assigned to each ledger.
D) Intercompany accounts must be defined to use the intercompany accounting feature.

2. Which three activities would use summary accounts? (Choose three.)

A) Formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries
B) Allocating the total monthly costs of the Information Services department to other departments
C) Creating a monthly recurring standard journal entry to amortize goodwill
D) Estimating a sales commission accrual based on the total of all product sales for each division

3. 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.)

A) Use the divide evenly rule with the 4/5/4 spread.
B) Use the divide evenly rule with the 5/4/4 spread.
C) Use the divide evenly rule with the 4/4/5 spread.
D) Use the divide evenly rule with the 4/4/4 spread.

4. What two types of access do you need to be able to run year-end closing journals for all legal entities? (Choose two.)

A) Read and write access to some of its balancing segment values and management segment values
B) The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box
C) Full ledger data access set type that provides read and write access to the ledger
D) Read-only access to the ledgers

5. You need to verify that your system has enough resources to handle the volume of accounts that
would be generated by the summary account template. The template has been designed as
follows:
D-Region-D
The first segment is company, which has ten values.
The second segment is division, which is represented by the rollup group region.
It has six parent values. The last segment is account, which has 500 values.
How many summary accounts would be generated by the template?

A) 30,000
B) 3,000
C) 500
D) 5,000
E) 60

Solutions: