Free Oracle 1Z0-215 Exam Dumps Questions & Answers

Identify four options for Quick Payments. (Choose four.)

• A.Select an invoice that has not been validated.
• B.Select an invoice that has one or more holds.
• C.Create a quick payment, and select an invoice regardless of the payments terms.
• D.Create a quick payment, and select an invoice regardless of the due date.
• E.Create and print a computer-generated payment to pay a supplier for one or more invoices.
• F.Create a check, save it, and print it later.

The Quick Payment method is best described as the method of _____.

• A.recording a payment made outside of Payables
• B.manually writing a check outside of Payables
• C.creating and printing a computer-generated payment to pay a supplier for one or more invoices
• D.creating a payment without an invoice

You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to maintain an additional ledger for management reporting and analysis purposes. They want all their department managers in the US to use the additional ledger to book internal management adjustments that are not published in their financial statements. Choose two statements that are true in the given scenario. (Choose two.)

• A.The secondary ledger represents the complete management picture.
• B.Use ledger sets to combine primary and secondary ledgers to get the complete management picture.
• C.The primary ledger must contain only management adjustments.
• D.The secondary ledger contains day-to-day transactions.
• E.Assign an adjustment-only ledger to the existing accounting setup for theUS legal entities.

Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)

• A.Complete the accounting setup.
• B.Assign balancing segment values to legal entities.
• C.Define operating units.
• D.Define intercompany balancing rules.
• E.Update accounting options.
• F.Create the accounting setup structure.

You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger. You perform these steps, in the order shown:
1.Enter the supplier.
2.Enter the invoice.
3.Create the pay run.
4.Create payment accounting entries.
5.Validate the invoice.
6.Create invoice accounting entries.
7.Transfer the information to General Ledger.
What would be the result?

• A.The invoice is not paid but the invoice accounting entry is created in General Ledger.
• B.The invoice is paid and all accounting entries are created in General Ledger.
• C.The invoice is not paid and no entries are created in General Ledger.
• D.The invoice is paid but only the invoice accounting entry is created in General Ledger.