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Oracle 1Z0-215 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounts Payable Fundamentals | - Payments and Accounting
|
| General Ledger Fundamentals | - Setup and Configuration
|
Oracle EBS R12: General Ledger and Payables Fundamentals Sample Questions:
Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)
- A. Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice distribution.
- B. The withholding tax option can be overwritten at the invoice level.
- C. If a supplier does not allow withholdingtax, you cannot allow withholding tax for any of the supplier's sites.
- D. Withholding tax is an account distribution process.
- E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.
Correct Answer: A,C,E 🗳️
Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)
- A. property
- B. recoverable tax
- C. customs duty
- D. excise
- E. vehicle license
Correct Answer: A,E 🗳️
Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.
- A. Payables Options
- B. Financial Options
- C. Code Set Options
- D. System Options
- E. Expense Report Payables Options
Correct Answer: E 🗳️
Which event reverses an accrual for an item set to accrue on receipt?
- A. delivering goods to a final destination
- B. running the Receipt Accruals - Period-end process
- C. paying an invoice
- D. matching an invoice in Payables to a purchase order
Correct Answer: D 🗳️
All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
- A. consolidating financials
- B. posting journal entries
- C. translating foreign balances
- D. updating the period
- E. reversing journal entries
Correct Answer: D 🗳️



