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Oracle 1Z0-216 Exam Syllabus Topics:

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

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

                                  1. When you define an assignment rule in Bill Presentment Architecture, you specify one or more criteria for content item values. Select the three items contained in each criterion. (Choose three.)

                                  A) Attribute name
                                  B) Primary data source
                                  C) Template
                                  D) Value
                                  E) Condition


                                  2. John is reviewing the clients draft training documents about the Order to Cash life cycle business processes. Identify four steps that are included in the Order-to-Cash life cycle. (Choose four.)

                                  A) Launching pick release
                                  B) Generating the move order manually
                                  C) Reconciling bank statements
                                  D) RunningAutoInvoice to Receivables
                                  E) Performing credit check


                                  3. The Receipt Inherit Invoice Number option affects only receipts created by _____.

                                  A) Oracle Cash Management
                                  B) The Automatic Receipts program
                                  C) Oracle Trade Management
                                  D) The AutoLockbox program


                                  4. Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

                                  A) Have similar ledger processing options
                                  B) Require autonomous document sequencing for a legal entity
                                  C) Open and close periods simultaneously
                                  D) Have tax requirements that are specific for a legal entity
                                  E) Operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes


                                  5. Identify two statements that apply to Oracle Collections. (Choose two.)

                                  A) It is a Web-based self-service application.
                                  B) It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.
                                  C) It can be used to place an invoice in dispute.
                                  D) It enables customers to see their own Oracle Receivables account information, such as balances.


                                  Solutions:

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

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