[Free] 2018(Jan) EnsurePass Dumpsleader Oracle 1z0-215 Dumps with VCE and PDF 221-230

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2018 Jan Oracle Official New Released 1z0-215
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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 221 – (Topic 2)

Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of subledgers that can be closed concurrently. (Choose two.)

  1. Payables and Assets

  2. Projects and Payables

  3. Inventory and Receivables

  4. Payables and Receivables

  5. Order Management and Projects

Answer: D,E

Question No: 222 – (Topic 2)

ABC Inc.#39;s calendar is the fiscal year. They also use Average Balance Processing. ABC#39;s accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll. An accrual journal entered on 29-Apr-05 will be reversed on the .

  1. first day of the next period

  2. next day in the same period

  3. next business day in the same period

  4. next business day in the same period or the next period, based on the transaction calendar

Answer: D

Question No: 223 – (Topic 2)

Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)

  1. standard

  2. prepayment

  3. debit memos

  4. credit memos

Answer: A,D

Question No: 224 – (Topic 2)

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: 225 – (Topic 2)

Identify four options for Quick Payments. (Choose four.)

  1. Create a check, save it, and print it later.

  2. Select an invoice that has not been validated.

  3. Select an invoice that has one or more holds.

  4. Create a quick payment, and select an invoice regardless of the due date.

  5. Create a quick payment, and select an invoice regardless of the payments terms.

  6. Create and print a computer-generated payment to pay a supplier for one or more invoices.

Answer: A,D,E,F

Question No: 226 – (Topic 2)

Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

  1. ledgers

  2. operating units

  3. data access sets

  4. definition access sets

  5. subledger accounting method

Answer: A,E

Question No: 227 – (Topic 2)

You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites. Which three naming conventions would you use for quot;Best Practicesquot; during the supplier cleanup? (Choose three.)

  1. Use Last Name, First Name to identify employees as suppliers.

  2. Create some supplier names in uppercase and others in mixed case.

  3. Use abbreviations in the supplier name even it is not abbreviated on the invoice.

  4. Remove all punctuation marks (commas, periods, and so on) from the supplier name.

  5. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.

Answer: A,D,E

Question No: 228 – (Topic 2)

Your client, Company A, has these requirements:

  1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week.

  2. Payables journal entries have to be transferred to GL at least once per month for reporting purposes.

  3. Oracle Projects balances must be updated once every month.

  4. Payment batches must be processed daily.

On the basis of the above requirements, what would be the minimum recommended frequency of running the Transfer to GL program?

  1. daily

  2. weekly

  3. monthly

  4. once every two weeks

Answer: B

Question No: 229 – (Topic 2)

You have the following information:

The Accounting flexfield structure is quot;company, department, product, account.quot; Product has two rollup groups: domestic and international.

Department has one rollup group: manufacturing.

All accounting flexfield segment values can use alphanumeric characters.

Which summary account template would Oracle General Ledger fail to create? (D: Detail)

(T: Total)

  1. T-T-T-T

  2. T-D-D-D

  3. D-D-D-D

  4. D-T-domestic-D

  5. D-manufacturing-D-T

  6. T-manufacturing-international-D

Answer: C

Question No: 230 – (Topic 2)

Identify the different types of data that can be processed using the GL Interface. (Choose three.)

  1. rates

  2. budget

  3. vendors

  4. statistical

  5. intercompany

  6. currency codes

Answer: B,D,E

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