Exam:Oracle 1Z0-216
Title:Oracle EBS R12: General Ledger and Receivables Fundamentals
Version : Demo
1. AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window. Identify the correct sequential
combination of steps that are executed while running the AutoLockbox concurrent process in Oracle Receivables.
A. enter receipts, validate data, apply QuickCash
B. import bank file, validate data, post QuickCash
C. import bank file, enter receipts, validate QuickCash
D. enter receipts, import bank file, validate data, post QuickCash
E. enter receipts, import bank file, validate data, post QuickCash, apply receipts
Answer: B
2. Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses.
Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.
While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John.
Choose what Sam would have explained to John.
A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.
B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.
C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.
D. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make
the transfer.
Answer: B
3. Identify three purposes for which transaction types can be used. (Choose three.)
A. to record how cash can be applied to transactions
B. to set whether AutoInvoice validates transactions using IDs or values
C. to set whether transactions affect the Accounts Receivable (AR) customer balances
D. to record the accounting flexfield value that would be used for the cash account for transactions
E. to record the accounting flexfield value that would be used for the receivable account for transactions
F. to set transaction numbers to be either assigned automatically or entered manually for transactions
Answer: ACE
4. 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. performing credit check
C. reconciling bank statements
D. running AutoInvoice to Receivables
E. generating the move order manually
Answer: ABCD
5. A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify the customer or invoice. Which is the correct method of entering the receipt in Oracle Accounts Receivable?
A. Enter the receipt as an unapplied receipt.
B. Enter the receipt as an unidentified receipt.
C. Enter the receipt as an on-account receipt.
D. Enter the receipt as a miscellaneous receipt.
E. Enter the receipt by applying it to a dummy customer account.
Answer: B
6. 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 place an invoice in dispute.
C. It enables customers to see their own Oracle Receivables account information, such as balances.
D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.
Answer: BD
7. The end users at Lucy Ltd. noticed several AutoInvoice exceptions and requested your help in correcting them. Which window allows you to edit data?
A. Line Errors window
B. Interface Lines window
C. Interface Exceptions window
D. Interface Corrections window
Answer: B
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