1z0-215 Exam - Free Questions and Answers

Question 1

Identify three processes that you must run before closing your Payables period. (Choose three.)

A. Expense Report Export
B. The Create Accounting program
C. Payables Open Interface Import
D. Period Close Exceptions Report
E. The Transfer Journal Entries to GL program

Answer : B,D,E

Question 2

Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)

A. invoices imported through EDI
B. invoices created after invoice workflow approval is enabled
C. invoices created using the Pay on Receipt Autoinvoice program
D. expense reports imported through the Payables Expense Report Import program
E. recurring invoices if the approval workflow option required was not enabled on the template

Answer : D,E

Question 3

Select three processes that must be performed before closing the purchasing period.
(Choose three.)

A. Process period-end receipt accruals.
B. Run the Purchasing Account Analysis Report.
C. Process the remaining inventory transactions.
D. Run and review the Uninvoiced Receipts Report.
E. Run Transfer Journal Entries to the GL program from Receiving.

Answer : A,D,E

Question 4

If you use the Expense Report Export program, it converts expense reports created in these applications into Payables invoices. Identify the two applications. (Choose two.)

A. Oracle Aria
B. Oracle Travel
C. Oracle Projects
D. Oracle Payables
E. Oracle General Ledger
F. Oracle Internet Expenses

Answer : D,F

Question 5

You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template.
The template has been designed as follows:

D-Region-D -
The first segment is company, which has ten values.
The second segment is division, which is represented by the rollup group region. It has six parent values.
The last segment is account, which has 500 values.
How many summary accounts would be generated by the template?

A. 60
B. 500
C. 3,000
D. 5,000
E. 30,000

Answer : E

Question 6

You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want to manually record them because that would be time consuming. Choose the best solution.

A. Create electronic payment batches by using a check payment method for those multiple suppliers, and destroy those checks.
B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.
C. Create electronic payment batches by using a clearing payment method for those multiple suppliers because this payment method does not generate a file.
D. Create electronic payment batches by using an electronic payment method such as EFT for those multiple suppliers, and then do not send the resulting electronic file to the bank.

Answer : B

Question 7

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)

A. canceling invoices
B. performing receiving
C. scheduling payments
D. creating purchase orders
E. creating purchase order detailed accounting information

Answer : B,D,E

Question 8

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these options at the Event Class, Configuration Owner, or Tax level. Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common capability is found?

A. Allow Tax Recovery
B. Allow Withholding Tax
C. Allow Manual Tax Only Lines
D. Allow Entry of Manual Tax Lines
E. Allow Override for Calculated Tax Lines
F. Allow Recalculation for Manual Tax Lines

Answer : E

Question 9

Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?

A. System Options
B. Financial Options
C. Payables Options
D. Purchasing Options
E. Payables System Setup Options

Answer : D

Question 10

Jane, the GL accountant, comes to you with a requirement: the recurring journals batches must be automatically generated at specified intervals. What would be your response?

A. Allow Dynamic Insert must be enabled to satisfy this requirement.
B. Cross-validation rules must be defined to satisfy this requirement.
C. It is possible to satisfy this requirement by using the autoallocation functionality.
D. It is not possible to satisfy this requirement; recurring journals must be created manually.

Answer : C

Question 11

Which two statements are true if you select the QuickMatch invoice type? (Choose two.)

A. You can use QuickMatch to match individual distribution lines.
B. You can use QuickMatch to match individual purchase order shipments.
C. Payables automatically completes the match to all available shipments on the purchase order.
D. Payables automatically creates invoice distributions on the basis of the purchase order distributions.

Answer : C,D

Question 12

The accounting setup process in Oracle General Ledger consists of three main steps.
(Choose three.)

A. Update accounting options.
B. Approve accounting options.
C. Complete the accounting setup.
D. Create an accounting setup structure.

Answer : A,C,D

Question 13

For each subledger, there must be one _____.

A. journal type
B. account type
C. journal source
D. journal category

Answer : C

Question 14

Select four options that can be set at the supplier site level. (Choose four.)

A. surveys
B. tax details
C. accounting
D. bank details
E. business classification

Answer : A,B,C,D

Question 15

During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in which the batches cannot be deleted. Select three scenarios that would be on the checklist. (Choose three.)

A. The source is frozen.
B. The journal batch has not been posted.
C. Funds have been reserved for the batch.
D. The journal batch has not been approved.
E. Funds are in the process of being reserved for the batch.

Answer : A,C,E

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