[Free] 2018(Jan) EnsurePass Testinsides Oracle 1z0-516 Dumps with VCE and PDF 21-30

Ensurepass.com : Ensure you pass the IT Exams
2018 Jan Oracle Official New Released 1z0-516
100% Free Download! 100% Pass Guaranteed!
http://www.EnsurePass.com/1z0-516.html

Oracle EBS R12.1 General Ledger Essentials

Question No: 21 – (Topic 1)

Identify two features of Content Sets when creating reports using Financial Statement Generator (FSG)? (Choose two.)

  1. They cannot be added at the time an FSG is run.

  2. They are required for profit and loss statements.

  3. They provide the ability to override row set definition.

  4. They provide the ability to add calculations.

  5. They enable the generation of multiple similar reports in a single run.

Answer: C,E

Question No: 22 – (Topic 1)

To review available Financial Statement Generator elements, which two reports would be helpful? (Choose two.)

  1. Content Set Detail listing, Chart of Accounts – Rollup Detail Listing

  2. Content Set Detail Listing, Report Set Detail Listing

  3. Column Set Summary Listing, Row Set Detail Listing

  4. Column Set Detail Listing, Report Detail Listing

Answer: C

Question No: 23 – (Topic 1)

You set the GL: Journal Review Required profile option to Yes. What is the result?

  1. requires generated Autoallocation Journals to be reviewed before posting

  2. requires review of Recurring Journals before posting

  3. requires review of journals belonging to identified categories before posting

  4. requires all Journals to be reviewed before posting

  5. requires review of a journal entered in GL by the approver before posting

Answer: A

Question No: 24 – (Topic 1)

When you enter a journal, the journals in that batch .

  1. should share the same period

  2. should share both the same period and currency

  3. should share the same accounting date

  4. can have different periods, currencies, and accounting dates

  5. should share the same currency

Answer: A

Question No: 25 – (Topic 1)

Which two statements correctly describe the translation process? (Choose two.)

  1. The translation process allows you to translate only year-to-date amounts.

  2. If you rerun the translation process, the process adds the additional data to the previous translated amounts.

  3. You can rerun the translation process more than once per period.

  4. Translation for a subsidiary can be initiated from the parent using the State Controller Translate button.

Answer: C,D

Question No: 26 – (Topic 1)

After you determine your needs and organize your summary account structure, which General Ledger tools can you use to define parent-child values and rollup groups?

  1. Analyzer Hierarchies, Account Hierarchy Manager or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).

  2. Mass Maintenance, Analyzer Hierarchies, or Account Hierarchy Manager

  3. Mass Maintenance or Account Hierarchy Manager

  4. Mass Maintenance or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).

  5. Account Hierarchy Manager or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).

Answer: E

Question No: 27 – (Topic 1)

ABC.com wants to use one set of books for its many subsidiary companies in Canada that will share the global chart of accounts structure and the Corporate Accounting Calendar. The controller is concerned about users charging to the wrong company when entering a journal entry. Which setup would address the controller#39;s concern?

  1. Cross validation rules would ensure that the proper code combinations are used.

  2. Suspense posting would ensure that if there are unbalanced entries, the system would make it balanced.

  3. Intercompany accounting would ensure that if a wrong company is used, at least intercompany accounting entries would be created.

  4. Journal approval ensures that journal entries are correct and approved before they can be posted.

  5. Segment security rules would prevent users from seeing companies that they are not supposed to see.

Answer: E

Question No: 28 – (Topic 1)

ABC.com, the GL accountant comes to you and says that the Accounting Department requires two current budgets, as they work with two senior executives within the company who have different budget figures, and Tess has to prepare and submit budgets to both of them. What is your response?

  1. It depends on the budget organization, whether you can have multiple current budgets.

  2. The profile option Require Budget Journal should be set at the budget level if you want to have multiple current budgets.

  3. Oracle GL budget functionality supports multiple current budgets, so there is no problem in satisfying this requirement.

  4. The profile option Require Budget Journal should be set at the set of books level if you want to have multiple current budgets.

  5. It is not possible to have more than one current budget.

Answer: E

Question No: 29 – (Topic 1)

ABC.com is a $2 million company operating from the U.S., and has one set of books. It is spinning off from its parent company and will be operating as an independent company. It is considering implementing Oracle Financials but wants the product to work exactly in the same way as its legacy systems from its parent company. What considerations should be presented to ABC in order for it to make a well-informed decision? (Choose all that apply.)

  1. Patching is simplified on a non-customized Oracle implementation.

  2. Adding customizations to replicate the legacy system could increase cost of future upgrades.

  3. Integration issues between modules are reduced when there are no customizations.

  4. No information can be interfaced from the legacy system to the product.

Answer: A,B,C

Question No: 30 – (Topic 1)

What is the effect of summary accounts on the efficiency of the posting process?

  1. There is no effect, because summary accounts do not use the posting process to accumulate values.

  2. Use of summary accounts decreases the efficiency of the posting process.

  3. Use of summary accounts increases the efficiency of the posting process.

  4. Use of summary accounts neither increases nor decreases the efficiency of the posting process.

Answer: B

100% Ensurepass Free Download!
Download Free Demo:1z0-516 Demo PDF
100% Ensurepass Free Guaranteed!
Download 2018 EnsurePass 1z0-516 Full Exam PDF and VCE

EnsurePass ExamCollection Testking
Lowest Price Guarantee Yes No No
Up-to-Dated Yes No No
Real Questions Yes No No
Explanation Yes No No
PDF VCE Yes No No
Free VCE Simulator Yes No No
Instant Download Yes No No

Leave a Reply

Your email address will not be published. Required fields are marked *