[Free] 2018(Jan) EnsurePass Testinsides Oracle 1z0-516 Dumps with VCE and PDF 71-80

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

Question No: 71 – (Topic 1)

In creating a report, what is true about the column set? (Choose two.)

  1. Formats can be set for each column.

  2. Seeded column sets provided by Oracle must be used.

  3. Calculations can be performed using columns.

  4. Accounts cannot be assigned to a column set.

Answer: A,C

Question No: 72 – (Topic 1)

ABC.com has a requirement that all budget entries are made through journals. Where would you set this up?

  1. Journal Sources

  2. Set of Books

  3. Journal Categories

  4. Journal Types

  5. Budget Organizations

Answer: B

Question No: 73 – (Topic 1)

You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a 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. The GL accountant tells you that the companys outstanding loans in Europe in euros, and at every month end there is a need to revalue and report these loans in US dollars on the current exchange rate. She wants a system that automatically performs this revaluation using the month-end exchange rates. She wants to know whether

this requirement can be satisfied. What is your response?

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

  2. Account generator needs to be customized to satisfy this requirement.

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

  4. Oracle GL does not support this functionality.

Answer: A

Question No: 74 – (Topic 1)


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

ABC.com wants to distribute rent expense to its various departments on the basis of floor space. It has taken these steps:

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Which are the next two steps needed to distribute the rent cost to the various departments? (Choose two.)

  1. Post the journal.

  2. Define and generate MassAllocation.

  3. Define the MassAllocation journal.

  4. Create manual journal entries for distributing rent.

Answer: A,B

Question No: 75 – (Topic 1)

During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in the expenditure inquiry form. Which process was likely omitted?

  1. streamline costs

  2. distribute costs

  3. interface costs

  4. tieback costs

Answer: B

Question No: 76 – (Topic 1)

Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

  1. Summary accounts speed up the posting process, whereas parent accounts require additional time for the posting process.

  2. Summary accounts use the summing segment type for mass allocations, whereas parent accounts use the looping segment type.

  3. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.

  4. Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts balances cannot be viewed in that form.

  5. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts will help generate quicker results.

Answer: D

Question No: 77 – (Topic 1)

Which four attributes are validated during the Journal Import Verification Process? (Choose four.)

  1. Account Combination

  2. Period

  3. Balanced Journal

  4. Cross Validation Rule

  5. Set of Books

  6. Approval Level

  7. Journal Sequence Number

Answer: A,B,C,D

Question No: 78 – (Topic 1)

In the course of implementing General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. They have been tested and you are now ready to create these same reports in a production environment. You want to run the Financial Statement Generator transfer program. What is the minimum necessary to run this program? (Choose two.)

  1. Same set of books must be defined.

  2. Same row and column sets must exist in production.

  3. Database links must be defined.

Answer: A,C

Question No: 79 – (Topic 1)

ABC.com has offices around the world, spread across different legal entities. ABC.com is implementing Oracle General Ledger. Its accounting department wants to know how to reduce the burden of elimination entries. What do you recommend?

  1. Mass Allocation

  2. ADI Journals

  3. Recurring Journals

  4. Summary Journals

  5. Intercompany Journals

Answer: C

Question No: 80 – (Topic 1)

The clients GL accountant, George, is responsible for taking care of recurring journals. He

comes to you with a problem. He defined a recurring journal batch, and after that he generated the recurring journal from the definition. He wants to know whether he can add new lines in this unposted journal. What explanation would you give to George?

  1. The Allow Dynamic Insert box is not selected for the accounting flexfield.

  2. The GL period is closed.

  3. Additional lines can be added to an unposted recurring journal through Review journal window.

  4. The GL accounts entered in the Enter Journal form relate to items that do not exist in the item master organization in the inventory module.

  5. The GL account code combination is invalid.

Answer: C

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