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Oracle 1Z0-215 Exam Syllabus Topics:

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

1. Identify three statements that are true about the withholding tax process. (Choose three.)

A) If the withholding tax is calculated during the invoice validation process, the taxable amount withheld is the gross amount.
B) Payables automaticallygenerates withholding tax invoices to pay tax authorities.
C) Payablescalculates withholding taxes on invoices during the invoice validation process or during the payment calculation.
D) The withholding tax process is a part of Cash Management.
E) Tax is automatically calculated at any calculation level.

2. You have been asked to demonstrate the basic functionality of Oracle General Ledger with a ledger that reflects XYZ Company's business. Select four data elements that you would need to obtain from XYZ Company to create a ledger for your demo. (Choose four.)

A) the intercompany account
B) the accounting calendar with periods and the fiscal year-end
C) the number of accounting periods
D) the company organization structure for the chart of accounts
E) the retained earnings account
F) the base (functional) currency of the company
G) the suspense account

3. Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

A) You can maintain daily rates and historical rates more easily.
B) You can maintain consistency among different currency conversion rates.
C) You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
D) You get improved efficiency with the help of the spreadsheet interface.
E) Additional security ensures that historical rates can be uploaded to closed or future periods only.

4. Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)

A) Assets
B) Receivables
C) Order Management
D) Cash Management
E) Payables

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

Solutions: