[Free] 2018(Jan) EnsurePass Dumpsleader Oracle 1z0-215 Dumps with VCE and PDF 171-180

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 171 – (Topic 1)

Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)

  1. Oracle Assets

  2. Oracle Leasing

  3. Oracle Inventory

  4. Oracle Receivables

  5. Oracle Procurement

Answer: A,C,E

Question No: 172 – (Topic 1)

Identify four functions of the Invoice Validation process. (Choose four.)

  1. applying any required holds

  2. releasing any qualifying holds

  3. applying all prepayments and discounts

  4. validating the General Ledger accounting information

  5. validating and creating accounting entries for the invoice

  6. ensuring that the total amount of all distributions equals the invoice total

  7. creating an additional distribution for any difference between the total amount of all distributions and the invoice total

Answer: A,B,D,F

Question No: 173 – (Topic 1)

Identify four purposes for which the Special Calendar is used. (Choose four.)

  1. payment terms

  2. recurring invoices

  3. Key Indicators Report

  4. automatic tax withholding

  5. opening and closing payables periods

  6. controlling the number of future periods

Answer: A,B,C,D

Question No: 174 – (Topic 1)

Identify three Payables system setup options. (Choose three.)

  1. bill-to location

  2. always take discount

  3. allow void and reissue

  4. create interest invoice

  5. application accounting definitions

Answer: B,C,D

Question No: 175 – (Topic 1)

Select three levels where additional reporting currency representations can be maintained. (Choose three.)

  1. batch

  2. journal

  3. balance

  4. subledger

Answer: B,C,D

Question No: 176 – (Topic 1)

Identify the four setup options that control supplier defaults. (Choose four.)

  1. financial options

  2. payables options

  3. receiving options

  4. purchasing options

  5. Payables system setup

  6. Trading Community Architecture (TCA)

Answer: A,B,D,E

Question No: 177 – (Topic 1)

XYZ Limited has hired Jack as the Oracle General Ledger implementation consultant. Select three steps that are required for creating a new accounting structure. (Choose three.)

  1. Define jurisdictions.

  2. Define period types.

  3. Assign legal entities.

  4. Save the accounting structure.

  5. Define accounting representations.

  6. Define subledger accounting methods.

Answer: C,D,E

Question No: 178 – (Topic 1)

Identify three setup options that are defined in the Financial Options window. (Choose three.)

  1. interest

  2. retainage

  3. miscellaneous

  4. expenses clearing

  5. expense AP accrual account

Answer: B,C,D

Question No: 179 – (Topic 1)

Select three statuses of the consolidation workbench. (Choose three.)

  1. posted

  2. entered

  3. exported

  4. reversed

  5. transferred

Answer: A,D,E

Question No: 180 – (Topic 1)

ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates the accounts of all subsidiaries and the headquarters by using the average balances. John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for the current month. On completion of the consolidation, John was not able to tally the consolidated figures with the ledgers. Select two reasons why John failed to see the correct balances. (Choose two.)

  1. Posting of the consolidation journals may have failed.

  2. He forgot to add the prior periods consolidation in the current period.

  3. Manual adjustment needed after every consolidation was not performed.

  4. John may not have reversed the prior periods consolidation in the current period.

    Answer: A,D

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