Oracle 1Z0-215 exam dumps : Oracle EBS R12: General Ledger and Payables Fundamentals

  • Exam Code: 1Z0-215
  • Exam Name: Oracle EBS R12: General Ledger and Payables Fundamentals
  • Updated: Jun 24, 2026     Q & A: 267 Questions and Answers

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Oracle EBS R12: General Ledger and Payables Fundamentals Sample Questions:

1. Select four occasions when the Create Accounting process can be run. (Choose four.)

A) after the payment process
B) before the Invoice Validation process
C) before the transfer information to GL process
D) after the Invoice Validation process
E) before the payment process


2. The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used to account for _____.

A) exchange rate variance in invoices and payments
B) exchange rate variance for inventory items in purchase orders and invoices
C) exchange rate variance for expense items in purchase orders and invoices
D) invoice price variance in purchase orders and invoices


3. The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period. You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?

A) The budget status is frozen.
B) The budget year is open.
C) The Require Budget Journal profile option is set at the set of books level.
D) The budget status is current.


4. Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module.

A) Assets
B) Payables
C) General Ledger
D) Receivables
E) Purchasing


5. At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to GL. The current Payables period has been closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices - Posted Payments equals the Accounts Payable Trial Balance (last day of current period). However, the balance in the AP liability account in GL for the current period does not equal the Accounts Payable Trial Balance (last day of the current period). What is the possible reason?

A) Purchasing has not closed for the current period.
B) Period-end accrual journals have been reversed in GL.
C) Inventory has not closed for the current period.
D) Manual journals have been posted to the AP liability account in the current period in GL.


Solutions:

Question # 1
Answer: A,C,D,E
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: D

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