[Free] 2018(Jan) EnsurePass Testinsides Oracle 1z0-516 Dumps with VCE and PDF 291-300

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: 291 – (Topic 3)

You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France. The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals. What would be the minimum number of setups needed to meet this need?

  1. four

  2. two

  3. one

  4. three

Answer: D

Question No: 292 – (Topic 3)

ABC Corporation wants to convert from their existing legacy application to Oracle E- Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)

  1. Merge all paid invoices for a supplier.

  2. Invoices related to employee expense cannot be converted.

  3. Establish a cutoff date after which invoices will be entered in Payables.

  4. Use Payables Open Interface to convert unpaid invoices and credit memos.

  5. Develop metrics that will be used to determine whether data conversion was successful.

Answer: C,D,E

Question No: 293 – (Topic 3)

You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option for primary and secondary ledgers.

  1. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting requirements.

  2. Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger to satisfy corporate reporting requirements.

  3. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-only secondary ledger to satisfy statutory reporting requirements.

  4. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-only secondary ledger to satisfy corporate reporting requirements.

Answer: A

Question No: 294 – (Topic 3)

Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

  1. key flexfields

  2. Journal Sources form

  3. Journal Categories form

  4. Journal Encumbrance Types form

  5. Journal approval on the Ledger Setup page

Answer: B,E

Question No: 295 – (Topic 3)

Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year.

The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.

  1. prior year budget monetary and prior year budget statistical

  2. prior year actual monetary and current year budget statistical

  3. prior year budget monetary and current year budget statistical

  4. current year actual monetary and current year actual statistical

  5. current year budget monetary and current year budget statistical

Answer: A

Question No: 296 – (Topic 3)

Which statement is true about paying invoices?

  1. An invoice can be paid without being validated.

  2. An invoice can be paid only after the invoice accounting entries are created.

  3. An invoice must be validated before you can create invoice accounting entries.

  4. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.

  5. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendar period.

Answer: C

Question No: 297 – (Topic 3)

Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup. Which two are true for the creation of the accounting setup? (Choose two.)

  1. Assigning legal entities to accounting setups is compulsory.

  2. After the subledger accounting method is assigned, it cannot be changed.

  3. Before completing the accounting setup, secondary ledgers and currency can be deleted.

  4. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.

Answer: C,D

Question No: 298 – (Topic 3)

Select four tips that can be used to speed up data entry. (Choose four)

  1. Use quick invoices.

  2. Use distribution sets.

  3. Use recurring invoices.

  4. Use keyboard shortcuts.

  5. Use only invoices without holds.

    Answer: A,B,C,D

    Question No: 299 – (Topic 3)

    Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.

    1. suspense account – suspense posting

    2. reserve for encumbrance account – exchange rate gain/loss

    3. non-postable net income account – average balance processing

    4. ledger currency balancing account – for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value

    5. entered currency balancing account – for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value

      Identify two correct mappings of accounts. (Choose two.)

      1. 1

      2. 2

      3. 3

      4. 4

      5. 5

Answer: A,C

Question No: 300 – (Topic 3)

John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger. John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

  1. Merge the primary ledger and the secondary ledger, and run reports.

  2. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.

  3. Transfer transactional data from the primary ledger to the secondary ledger while running reports.

  4. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.

Answer: D

Topic 4, Volume D

100% Ensurepass Free Download!
Download Free Demo:1z0-516 Demo PDF
100% Ensurepass Free Guaranteed!
1z0-516 Dumps

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 *