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

Oracle 1Z0-215 exam
  • Exam Code: 1Z0-215
  • Exam Name: Oracle EBS R12: General Ledger and Payables Fundamentals
  • Updated: Aug 26, 2026
  • Q & A: 267 Questions and Answers
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Oracle 1Z0-215 Exam Syllabus Topics:
SectionObjectives
Topic 1: General Ledger Fundamentals- Journal Processing
  • 1. Journal entries creation and validation
    • 2. Posting processes
      • 3. Journal approval workflow
        - Period Close and Reporting
        • 1. Reconciliations
          • 2. Period close procedures
            • 3. Financial reporting
              - Setup and Configuration
              • 1. Ledger setup and structure
                • 2. Currency setup
                  • 3. Chart of Accounts configuration
                    Topic 2: Accounts Payable Fundamentals- Payments and Accounting
                    • 1. Subledger Accounting integration
                      • 2. Payment processing
                        • 3. Payment methods and formats
                          - Invoice Processing
                          • 1. Invoice matching (PO / receipt)
                            • 2. Invoice adjustments and corrections
                              • 3. Invoice entry and validation
                                - Supplier Management
                                • 1. Supplier sites and controls
                                  • 2. Supplier creation and maintenance
                                    Oracle EBS R12: General Ledger and Payables Fundamentals Sample Questions:

                                    Question 1

                                    Identify three statements that are true for entering bank and branch details. (Choose three.)

                                    A. Bank accounts cannot be shared between bank and bank branches.
                                    B. The bank account number is free-formatted information.
                                    C. Each bank must have at least one bank branch.
                                    D. Banks and bank branches are created for Cash Management.
                                    E. Each bank can have multiple branches and each branch can have multiple accounts.


                                    Question 2

                                    Which two are true about elimination? (Choose two.)

                                    A. Currency is an optional component when defining an elimination set.
                                    B. You can define balancing options for eliminating entries.
                                    C. You must specify an elimination company in the Elimination Sets window.
                                    D. You can define an elimination set to contain one elimination entry.


                                    Question 3

                                    Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third-party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Identify the Oracle Payables interface that accomplishes this.

                                    A. Credit Card Import Interface
                                    B. Expense Report Import Interface
                                    C. Payables Open Interface
                                    D. Projects Import Interface


                                    Question 4

                                    Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)

                                    A. The withholding tax option can be overwritten at the invoice level.
                                    B. Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice distribution.
                                    C. Withholding tax is an account distribution process.
                                    D. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.
                                    E. If a supplier does not allow withholdingtax, you cannot allow withholding tax for any of the supplier's sites.


                                    Question 5

                                    You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?
                                    1.Review proposed payments.
                                    2.Print payments.
                                    3.Create payment instructions.
                                    4.Select and build proposed payments.
                                    5.Mark payments as complete.

                                    A. 4, 1, 3, 2, 5
                                    B. 2, 4, 1, 3, 5
                                    C. 5, 4, 1, 2, 3
                                    D. 4, 2, 1, 5, 3


                                    Solutions:

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

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