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

  • Exam Code: 1Z0-215
  • Exam Name: Oracle EBS R12: General Ledger and Payables Fundamentals
  • Updated: Jun 16, 2026
  • Q & A: 267 Questions and Answers

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

1. Identify two types of inquiries that are possible on ledger sets. (Choose two.)

A) a budget balance inquiry to view the budgeted figures
B) summary template and summary account inquiries
C) an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set
D) variance inquiry
E) an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set


2. You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxable distributions. You must also adjust _____.

A) the self assessed taxes in the Tax Details window
B) the number of invoice lines
C) the total header invoice amount
D) the amount of another distribution


3. Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)

A) legal entities
B) paygroups
C) business groups
D) ledger
E) responsibilities


4. Identify three statements that are true for creating the withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

A) You can set up a special calendar to define periods that Payables uses for automatic withholding tax.
B) There can be multiple withholding tax codes with multiple tax authorities assigned to a group.
C) The Withholding Tax Report is prepared by suppliers.
D) The Withholding Tax Group defaults in from the supplier or supplier site.
E) The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.


5. Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?

A) opening the next period
B) consolidating to the parent set of books
C) closing the current period
D) revaluing foreign currency balances
E) translating to the functional currency


Solutions:

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

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