[Free] 2018(Jan) EnsurePass Testinsides Oracle 1z0-516 Dumps with VCE and PDF 401-410

2018 Jan Oracle Official New Released 1z0-516
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Oracle EBS R12.1 General Ledger Essentials

Question No: 401 – (Topic 5)

ABC Company#39;s requirement is that all mass allocation journals must be approved by using the journal approval process. When the company accountant enters his or her mass allocation journals, these journals must be routed to his or her manager for approval, then to the CFO, and finally to the CEO for review and final approval. Select the option that would help ABC Company meet this requirement.

  1. Go to peers

  2. One stop go direct

  3. Go up the management chain

  4. Go direct to the person with sufficient authorization limit

Answer: C

Question No: 402 – (Topic 5)

You are defining FSG reports to be used by different users for your customer. One of the customer requirements is that some users must be able to modify the report definition, some users must be able to only view the report definition, and other users can modify, view, and submit the report. Which solution must be implemented to meet the customer requirement?

  1. Define a separate data set for each FSG user and grant them privileges accordingly.

  2. Define a separate ledger set for each FSG user and grant them privileges accordingly.

  3. Define security rules and specify what actions can be performed by each user or a group of users.

  4. Define definition access sets and specify what actions can be performed for a user or group of users.

  5. Set up profile options for each user and specify what actions can be performed by each user or a group of users.

Answer: D

Question No: 403 – (Topic 5)

AutoLockbox uses attributes to identify a customer for each AutoLockbox receipt. Which five attributes for AutoLockbox are used to identify the customer? (Choose five.)

  1. MICR number

  2. Customer number

  3. Sales order number

  4. Receipt number (which is often the check number)

  5. Transaction number using the auto associate option

  6. Balance forward bill number using the auto associate option

Answer: A,B,C,E,F

Question No: 404 – (Topic 5)

XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and open a new branch in Bangalore. The Kuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added. Bangalore will use a different chart of accounts from that of Dubai and will use a weekly calendar. Select two valid statements. (Choose two.)

  1. There is no mapping required from the Dubai ledger to the Bangalore ledger.

  2. After adding the Dubai ledger, the ledger options step must be completed.

  3. Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.

  4. If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.

Answer: B,D

Question No: 405 – (Topic 5)

Your client has sales tax requirements that involve two types of sales tax. The first sales tax applies to all customers. The second sales tax is based on where the company ships the goods. All goods are taxable; however some customers who resell the goods are exempted from the second sales tax. Choose three applicable options to set up sales tax for your client. (Choose three.)

  1. Tax classification code for exempt tax

  2. Item exemptions for both sales taxes

  3. Customer exemptions for the first sales tax

  4. Customer tax exemptions for the second sales tax

  5. Tax group for the combination of the two tax classification codes

Answer: A,D,E

Question No: 406 – (Topic 5)

Identify three entities that can become a party in Oracle Trading Community Architecture (TCA).

(Choose three.)

  1. An individual customer

  2. A personal relationship

  3. A business organization

  4. A business contact email

  5. A business mailing address

  6. A business contact telephone

Answer: A,B,C

Question No: 407 – (Topic 5)

When summary account templates are associated with the check-level advisory of budgetary control funds, which are the two items that must be associated with the template? (Choose two.)

  1. The formula must be identified.

  2. The currency must be identified.

  3. The boundary must be identified.

  4. The funding budget must be identified.

Answer: C,D

Question No: 408 – (Topic 5)

You have the option to define your own accounting rules in Oracle Subledger Accounting to meet your implementation#39;s business requirements by using .

  1. AutoCash rule sets

  2. Application rule sets

  3. The accounting methods builder

  4. The Revenue Accounting Management wizard

Answer: C

Question No: 409 – (Topic 5)

AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window. Identify the correct sequential combination of steps that are executed while running the AutoLockbox concurrent process in Oracle Receivables.

  1. Enter receipts, validate data, apply QuickCash

  2. Import bank file, validate data, post QuickCash

  3. Import bank file, enter receipts, validate QuickCash

  4. Enter receipts, import bank file, validate data, post quickcash

  5. Enter receipts, import bank file, validate data, post QuickCash, apply receipts

Answer: B

Question No: 410 – (Topic 5)

You mail your customer John Doe an invoice for $1000 for the supplies he ordered. John has the option of making his payment either by check or by credit card. John elects to use his credit card. This receipt is identified as a(n) .

  1. Manual receipt

  2. Automatic receipt

  3. Quickcash receipt

  4. Autolockbox receipt

  5. Miscellaneous receipt

Answer: B

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