Online Access Free 1Z0-216 Practice Test

XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and open a new branch in Bangalore. The Kuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added. Bangalore will use a different chart of accounts from that of Dubai and will use a weekly calendar. Select two valid statements. (Choose two.)

• A.There is no mapping required from the Dubai ledger to the Bangalore ledger.
• B.Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.
• C.After adding the Dubai ledger, the ledger options step must be completed.
• D.If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.

When you assign a template to a rule in Bill Presentment Architecture, you enter a range of ___.

• A.Transaction dates
• B.Transaction types
• C.Customer accounts
• D.Data sources

When you enter a journal, the journals in that batch _____.

• A.Must share the same currency
• B.Must share both the same period and currency
• C.Must share the same period
• D.Must share the same accounting date
• E.Can have different periods, currencies, and accounting dates

ABC company and XYZ company are both customers. Last month XYZ company purchased ABC company. ABC company has hundreds of over-due invoices outstanding. According to the credit department, the layoffs at ABC, following the merger, are responsible for the over-due invoices. Both ABC and XYZ companies are making frequent requests for reprinted invoices of ABC company. There will be no new business with ABC company. However, it will take another three months to respond to the numerous requests for reprinted invoices and ABC company will continue to be charged late fees. How should you handle the merger of ABC company and XYZ company in Oracle Receivables during your first month end after their merger?

• A.Inactivate ABCcompany.
• B.Invoice XYZ company for the invoices of ABCcompany.
• C.Place ABCcompany on credit hold.

Which three activities would use summary accounts? (Choose three.)

• A.Estimating a sales commission accrual based on the total of all product sales for each division
• B.Allocating the total monthly costs of the Information Services department to other departments
• C.Creating a monthly recurring standard journal entry to amortize goodwill
• D.Formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries