Exam Name: Oracle EBS R12: General Ledger and Receivables Fundamentals
Certification Provider: Oracle
Corresponding Certification: Other Oracle Certification
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Updated: Oct 14, 2026
No. of Questions: 244 Questions & Answers with Testing Engine
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Certification content shifts with the industry, and ActualVCE shifts with it. Our experts compile and refresh the 1Z0-216 bank according to current trends, so the Oracle EBS R12: General Ledger and Receivables Fundamentals questions you practice reflect what the exam actually asks in 2026.
Oracle 1Z0-216 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Accounting and Reporting | - Reconciliation Between GL and AR - Subledger Accounting Integration - Financial Reporting in EBS |
| Topic 2: General Ledger Configuration and Setup | - Ledgers and Ledger Sets - Journal Sources and Categories - Chart of Accounts Structure |
| Topic 3: General Ledger Processing | - Period Close Processes - Journal Entries and Posting - Recurring Journals |
| Topic 4: Receivables Transactions and Processing | - Invoice Creation and Management - Adjustments and Credit Memos - Receipt Application and Cash Management |
| Topic 5: Receivables Setup and Configuration | - Customer Setup - Transaction Types and Receivables Activities - AutoInvoice Processing |
1Z0-216 Questions Answered: Format, Cost, and Prep
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Oracle sets the following prerequisites for the Oracle EBS R12: General Ledger and Receivables Fundamentals: Recommended knowledge of Oracle E-Business Suite Financials and basic accounting principles..
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The Oracle EBS R12: General Ledger and Receivables Fundamentals blueprint is organized into these main domains:
- Receivables Setup and Configuration
- General Ledger Configuration and Setup
- Accounting and Reporting
Further domains complete the official outline, and our question bank spans all of them.
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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:
You have the option to define your own accounting rules in Oracle Subledger Accounting to meet your implementation's business requirements by using ______.
- A. Application rule sets
- B. The accounting methods builder
- C. AutoCash rule sets
- D. The Revenue Accounting Management wizard
Correct Answer: B 🗳️
Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day of each month. However, some tenants are required to make the monthly rent payments in two installments, that is on the15th and the last day of the month. Which two statements are correct about the possible solutions for this business requirement? (Choose two.)
- A. Accounting rules can be set to allow customers to make payments in two installments.
- B. Invoicing rules can be set to allow customers to make payments in two installments.
- C. Payment term can be set to defer the monthly rent revenue.
- D. Invoicing rules can be set to defer the monthly rent revenue.
- E. Payment term can be set to allow customers to make payments in two installments.
- F. Accounting rules can be set to defer the monthly rent revenue.
Correct Answer: E,F 🗳️
ABC Company in India imports baking equipment from XYZ Company in the US A.
There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)
- A. XYZ Company is not impacted at all by this rate change.
- B. ABC Company is not impacted at all by this rate change.
- C. ABC Company has a positive impact by this rate change.
- D. XYZ Company has a positive impact by this rate change.
Correct Answer: A,C 🗳️
XYZ Inc. wants to ensure that no changes are made to unposted journals that come in from its subledgers. At which setup can you control this?
- A. Journal approval
- B. Journal sources
- C. Ledgers
- D. Journal categories
Correct Answer: B 🗳️
Which three statements are true about accounting rules? (Choose three.)
- A. Accounting rules enable you to define fixed and variable rules to recognize revenue.
- B. Accounting rules enable you to define the number of periods and amount of invoice that you can bill your customer in each accounting period.
- C. Accounting rules enable you to defer revenue.
- D. Accounting rules enable you to define the number of periods and percentage of total revenue that you can record in each accounting period.
Correct Answer: A,C,D 🗳️
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