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Oracle 1Z0-216 real answers - Oracle EBS R12: General Ledger and Receivables Fundamentals

1Z0-216
  • Exam Code: 1Z0-216
  • Exam Name: Oracle EBS R12: General Ledger and Receivables Fundamentals
  • Updated: Jul 25, 2026
  • Q & A: 244 Questions and Answers
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Oracle 1Z0-216 Exam Syllabus Topics:

SectionObjectives
Integration Between GL and AR- Subledger Accounting
  • 1. Reconciliation processes
    • 2. Posting from AR to GL
      Accounts Receivable (AR) Fundamentals- Invoice and Receipts Processing
      • 1. Transaction entry and invoicing
        • 2. Receipt application and cash management
          - Customer Setup and Management
          • 1. Customer accounts creation
            • 2. Customer profiles and credit management
              - Collections and Aging
              • 1. Collections process
                • 2. Aging reports and analysis
                  General Ledger (GL) Fundamentals- Setup and Configuration
                  • 1. Ledger setup and accounting calendars
                    • 2. Journal sources and categories
                      • 3. Chart of Accounts structure
                        - Financial Reporting
                        • 1. Financial statement generation
                          • 2. Standard reports in GL
                            - Journal Processing
                            • 1. Journal entry creation and posting
                              • 2. Journal approval workflows
                                • 3. Recurring journals

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

                                  1. AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP. At the end of the year, AB Company restates all its ledgers or balances to report at the headquarters in the US. What is this process called?

                                  A) Conversion
                                  B) Translation
                                  C) Observation
                                  D) Alteration
                                  E) Revaluation


                                  2. ABC Corporation is a national company with five divisions that share the same ledger. Select the statement that best describes the consolidation process for ABC Corporation.

                                  A) Transfer data and run financial reports.
                                  B) Run revaluation, translation, and eliminations; then transfer data and run financial reports.
                                  C) Run revaluation and translation, transfer data, and run financial reports.
                                  D) Run translations, transfer data, and run financial reports.
                                  E) Enter eliminating journals and run financial reports.


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


                                  4. Select two correct statements for the management segment qualifier in Oracle General Ledger. (Choose two.)

                                  A) The management segment cannot be an intercompany segment.
                                  B) Data access sets cannot limit access to specific management segment values.
                                  C) The management segment can be a natural account segment.
                                  D) This segment qualifier is used for management reporting and analysis.
                                  E) The management segment can be a balancing segment.


                                  5. The Receivables QuickCash functionality enables you to_____.

                                  A) Apply receipts at invoice line level
                                  B) Create adjustments andchargebacks for debit items with applied receipts
                                  C) Apply receipts at invoice header level only
                                  D) Apply receipts using Mass Apply window


                                  Solutions:

                                  Question # 1
                                  Answer: B
                                  Question # 2
                                  Answer: E
                                  Question # 3
                                  Answer: B,D
                                  Question # 4
                                  Answer: A,D
                                  Question # 5
                                  Answer: C

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