[Free] 2018(Jan) EnsurePass Testinsides Oracle 1z0-516 Dumps with VCE and PDF 141-150

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Oracle EBS R12.1 General Ledger Essentials

Question No: 141 – (Topic 2)

When you change a summary account template funds check level from None to Advisory or Absolute, you need to .

  1. delete the original template and then recreate it for the appropriate funds check level

  2. change the time period on the template to Earliest Period to identify the begin date of the new funds check level

  3. do nothing else; no additional work is needed

  4. complete the required data on the template for the new funds check level

Answer: A

Question No: 142 – (Topic 2)

You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a global presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. One of the companies in Europe has a requirement to maintain account balances both in U.S. dollar and in euros, and for this purpose they have to enter

each transaction twice in their present system, once in U.S. dollars and then again in euros. The Controller wants a system where transactions can be entered only in one currency, and then be automatically converted into another currency. Additionally they need the flexibility to enter different exchange rates for different types of accounts. He wants to know whether this requirement cold be fulfilled. What is your response?

  1. Oracle GL provides this functionality and there is no problem in satisfying the requirements.

  2. Workflow needs to be customized to satisfy this requirement.

  3. Transactions could be automatically converted into another currency, but different exchange rate types are not supported.

  4. Oracle GL does not support this functionality.

Answer: A

Question No: 143 – (Topic 2)

ABC.com, the GL accountant comes to you and says that to minimize maintenance efforts, disabled account code combinations should be automatically deleted from budget organization periodically. At the same time, if new account code combinations have been defined, then these should be automatically added. What is your response?

  1. To do this, automatically run the Maintain Budget Organization program periodically.

  2. It is possible to automatically delete the disabled account code combinations, but new accounts need to be added manually.

  3. If the client wants to do this, then customization of workflow is the only option.

  4. Oracle GL budget functionality cannot satisfy this requirement.

  5. It is possible to automatically add new account code combinations, but disabled accounts need to be deleted manually.

Answer: A

Question No: 144 – (Topic 2)

The ABC.com Corporation has five segments in its accounting flexfield. For a special Profit and Loss report, they want to sort by the fourth segment, which is product. In which definition would this be done?

  1. Row Set

  2. Row Order

  3. Any of the above

  4. Content Set

    Answer: B

    Question No: 145 – (Topic 2)

    Select the correct sequence of tasks required for period closing in Oracle General Ledger.

    1. Verify that all journals are posted.

    2. Close the period of each subledger.

    3. Run the Trial Balance report and other month-end reports.

    4. Close the period and open the next period.

    5. Perform reconciliation of subsidiary ledgers.

    6. Transfer and import data from all subledgers.

      A. 6, 5, 2, 1, 4, 3

      B. 3, 2, 1, 6, 4, 5

      C. 6, 5, 1, 3, 2, 4

      D. 6, 5, 2, 1, 3, 4

      E. 6, 2, 3, 1, 5, 4

      Answer: D

      Question No: 146 – (Topic 2)

      Exhibit:

      Ensurepass 2018 PDF and VCE

      You work as a DBA for ABC.com. Please study the exhibit carefully.

      Choose the correct set of events, in their correct order, for the accounting process.

      Ensurepass 2018 PDF and VCE

      1. G, F, E, A, B, D, C

      2. F, G, E, A, B, C, D

      3. G, F, E, A, B, C, D

      4. G, F, A, B, C, E, D

      5. C, F, E, A, B, D, G

Answer: A

Question No: 147 – (Topic 2)

Select two statements that are correct for the secondary tracking segment. (Choose two.)

  1. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.

  2. Any segment that is specified as the secondary tracking segment also must be specified

    as the management segment.

  3. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.

  4. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

  5. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

Answer: C,D

Question No: 148 – (Topic 2)

Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will run successfully? (Choose two.)

  1. Ask to have security removed from her responsibility.

  2. Ask to have the profile option FSG: Enforce Segment Value Security changed to No.

  3. Recreate the Profit and Loss under her own responsibility.

  4. Perform an on-line inquiry to get the revenue balances.

Answer: A,B

Question No: 149 – (Topic 2)

Mark, the GL accountant comes to you and says that he is running the tests to check budget functionality. He says that the GL period is closed, but he was able to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Peter was able to post the budget journal is closed. What explanation do you provide to Mark?

  1. The budget year is Open.

  2. The budget status is Current.

  3. The budget status is Frozen.

  4. The Profile option Require Budget Journal is set at the set of books level.

Answer: A

Question No: 150 – (Topic 2)

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

  1. Natural accounts were defined with incorrect account type.

  2. Natural accounts were defined as parent values.

  3. Natural accounts were defined to hold both statistical and monetary values.

  4. Natural accounts were defined to not allow posting.

Answer: A

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