[Free] 2018(Jan) EnsurePass Dumpsleader Oracle 1z0-216 Dumps with VCE and PDF 131-140

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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 131 – (Topic 1)

Your receivables clerk is confused about entering duplicate receipt numbers in Oracle Receivables. According to the organization#39;s policy, the customers check number is entered as the receipt number while entering manual check receipts.

There are instances when the same check number is received from different customers. What do you tell your receivables clerk?

  1. Oracle Receivables does not allow entry of duplicate receipt numbers.

  2. Oracle Receivables allows entry of duplicate receipts if the receipts are from the same batch source.

  3. Oracle Receivables allows entry of duplicate receipt numbers if the receipts are from the same customer.

  4. Oracle Receivables allows entry of duplicate receipt numbers if the receipt amount is different from the amount in other receipts with the same receipt number.

  5. Oracle Receivables does not allow entry of duplicate receipt numbers if the receipt number, currency, amount, and customer number in a receipt are identical to those in another receipt.

Answer: E

Question No: 132 – (Topic 1)

Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

  1. key flexfields

  2. Journal Sources form

  3. Journal Categories form

  4. Journal Encumbrance Types form

  5. Journal approval on the Ledger Setup page

Answer: B,E

Question No: 133 – (Topic 1)

Select four processes that are facilitated by the credit management workflow. (Choose four.)

  1. gathering prospect credit data

  2. analyzing prospect credit data

  3. gathering organization account credit data

  4. implementing credit decisions for individuals

  5. implementing credit decisions for organizations

  6. analyzing customer account credit data for individuals

Answer: A,B,C,E

Question No: 134 – (Topic 1)

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

  1. Whether you can do this depends on the formula.

  2. You can customize the workflow and then do this.

  3. Whether you can do this depends on the responsibility.

  4. You can do this only if Allow Dynamic Insert is enabled.

  5. You can do this only if there is a summary account associated with the parent.

Answer: E

Question No: 135 – (Topic 1)

The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period. You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?

  1. The budget year is open.

  2. The budget status is frozen.

  3. The budget status is current.

  4. The Require Budget Journal profile option is set at the set of books level.

Answer: A

Question No: 136 – (Topic 1)

Identify two mandatory attributes for grouping rules. (Choose two.)

  1. GL date (GL_DATE)

  2. sales order (SALES_ORDER)

  3. currency (CURRENCY_CODE)

  4. accounting rule (ACCOUNTING_RULE_ID)

Answer: A,C

Question No: 137 – (Topic 1)

Tax on Receivables invoices are posted to different General Ledger (GL) accounts by taxing authorities in your primary ledger. For example, one GL account (2501) for California tax and one (2502) for Virginia. There is a regulatory requirement for tax on Receivables invoices to be posted to one account (2550) in your secondary ledger. Where would you set up the accounting rules for this requirement?

  1. Oracle Payables

  2. Oracle Receivables

  3. Oracle General Ledger

  4. Oracle E-Business Tax

  5. Oracle Subledger Accounting

Answer: E

Question No: 138 – (Topic 1)

ABC Corp. has a requirement that all budget entries are made through journals. Identify one choice where this can be accomplished.

  1. ledger setup

  2. journal types

  3. journal sources

  4. journal categories

  5. budget organizations

Answer: A

Question No: 139 – (Topic 1)

The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default. What would be your response?

  1. If the client wants to do this, the budget status must be open.

  2. If the client wants to do this, the budget status must be current.

  3. The Oracle General Ledger budget functionality cannot satisfy this requirement.

  4. If the client wants to do this, customization of Oracle Workflow is the only option.

Answer: B

Question No: 140 – (Topic 1)

Identify four required Oracle Credit Management system options. (Choose four.)

  1. territory

  2. legal entity

  3. aging bucket

  4. exchange rate type

  5. default customer credit classification

  6. data quality management (DQM) matching rule name

Answer: C,D,E,F

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