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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 101 – (Topic 0)

During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice created from the expense report in Payables. Which statement is true?

  1. Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.

  2. Any number of user-defined holds and only one system hold can be applied on one expense report in the Payables Expense Report window.

  3. Only one user-defined hold and any number of system holds can be applied on one expense report in the Payables Expense Report window.

  4. Any number of user-defined holds and any number of system holds can be applied on one expense report in the Payables Expense Report


Answer: A

Question No: 102 – (Topic 0)

Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)

  1. Withholding tax is an account distribution process.

  2. The withholding tax option can be overwritten at the invoice level.

  3. If a supplier does not allow withholding tax, you cannot allow withholding tax for any of the supplier#39;s sites.

  4. Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice distribution.

  5. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.

Answer: C,D,E

Question No: 103 – (Topic 0)

In the accrual process for period-end accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.)

  1. processing a receipt

  2. entering a purchase order

  3. running the period-end accrual program

  4. entering invoices and matching them in Payables

Answer: C,D

Question No: 104 – (Topic 0)

Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

  1. Create aliases.

  2. Define a value set.

  3. Define security rules.

  4. Define an account structure.

  5. Define valid segment values.

  6. Create account combinations.

Answer: B,D,E

Question No: 105 – (Topic 0)

Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)

  1. Void Check Register

  2. Posted Invoices Report

  3. Posted Payments Report

  4. Accounts Payable Trial Balance – prior period

  5. Payables Transfer to General Ledger Reports

  6. Accounts Payable Trial Balance – current period

  7. Account Analysis – (132 Char) / Account Analysis – (180 Char).

Answer: B,C,D,F

Question No: 106 – (Topic 0)

You have a new employee in the buying department. She set up a number of item numbers and chose not to flag them for invoicing. Several transactions have been completed in Order Management by using these new item numbers. What effect would this event have on the Receivables closing process?

  1. The transactions would be flagged as exceptions.

  2. The transactions would be deleted from the system.

  3. The transactions would prevent Receivables from being closed.

  4. The transactions would prevent Order Management from being closed.

Answer: A

Question No: 107 – (Topic 0)

Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

  1. Download Web ADI.

  2. Create the database link.

  3. Determine the data to be reported.

  4. Define attributes for rows and columns.

  5. Decide which rows and columns will make up the report.

Answer: C,D,E

Question No: 108 – (Topic 0)

Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate the invoice. After this process is run, there is data that cannot be updated, modified, or changed. Choose three data fields that cannot be updated, modified, or changed after the Invoice Validation process has run and this invoice has a prepayment applied to it. (Choose three.)

  1. invoice date

  2. supplier site

  3. trading partner

  4. supplier number

  5. invoice description

Answer: A,C,D

Question No: 109 – (Topic 0)

XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and China. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments. All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained. Identify the number of legal entities to be created and the number of accounting setups.

  1. Create one legal entity and four accounting setups.

  2. Create four legal entities and one accounting setup.

  3. Create two legal entities and four accounting setups.

  4. Create four legal entities and four accounting setups.

Answer: D

Question No: 110 – (Topic 0)

The Quick Payment method is best described as the method of .

  1. creating a payment without an invoice

  2. manually writing a check outside of Payables

  3. recording a payment made outside of Payables

  4. creating and printing a computer-generated payment to pay a supplier for one or more invoices

Answer: D

Topic 1, B


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