1Z0-215 Exam
Oracle E-Business Suite R12: General Ledger and Payables Fundamentals
Exam Number/Code : 1Z0-215
Exam Name : Oracle E-Business Suite R12: General Ledger and Payables Fundamentals
Questions and Answers : 267 Q&As
Update Time: 2010-09-10
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1Z0-215 practice exam
1. Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)
A. It is an integrated extension of a ledger.
B. It replaces multiple reporting currencies.
C. Reporting currencies are the same as secondary ledgers.
D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.
Answer: AB
2. Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)
A. Create aliases.
B. Define a value set.
C. Define security rules.
D. Define an account structure.
E. Define valid segment values.
F. Create account combinations.
Answer: BDE
3. What is a benefit of the secondary tracking segment?
A. Additional security ensures that correct accounts are selected while entering transactions.
B. The Management segment is enabled automatically when the secondary segment is defined.
C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.
Answer: C
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