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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 81 – (Topic 0)

After creating two new customers, LeftBank and RightSide, you create and complete an invoice for $105 ($100 plus $5 tax) for LeftBank.

You immediately realize that you should have created the invoice for RightSide. Which three steps can you take to correct the situation? (Choose three.)

  1. Change the status of the invoice to incomplete. Delete the invoice, and then enter and complete the invoice for RightSide.

  2. Change the status of the invoice to incomplete. Change the customer in the invoice to RightSide. Complete the invoice.

  3. Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to the account of RightSide.

  4. Create an on-account credit memo for $105 for LeftBank. Apply the on-account credit memo to the invoice. Enter and complete the invoice for RightSide.

  5. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transaction type that has creation sign equal to negative sign. Complete the invoice. Enter and complete the invoice for RightSide.

Answer: A,B,D

Question No: 82 – (Topic 0)

Identify two features of content sets when creating reports using Financial Statement Generator (FSG). (Choose two.)

  1. They are required for profit-and-loss statements.

  2. They cannot be added at the time an FSG is run.

  3. Content sets provide the ability to add calculations.

  4. The ability to override row set definition is provided by content sets.

  5. Content sets enable the generation of multiple similar reports in one run.

Answer: D,E

Question No: 83 – (Topic 0)

What does the concurrent program Automatic Reversal do? (Choose two.)

  1. generates reversals for all journals in a date range

  2. generates reversals for the journal batches that you specify

  3. generates reversal journals for all journal categories that have AutoReverse enabled

  4. generates and posts reversal journals if the journal reversal criteria has the AutoReverse and AutoPost reversals enabled for the category

Answer: C,D

Question No: 84 – (Topic 0)

Identify two AR transaction types that correspond to the GL category sales invoice. (Choose two.)

  1. deposits

  2. guarantee

  3. adjustments

  4. chargebacks

  5. on-account credit

  6. miscellaneous transactions

Answer: A,B

Question No: 85 – (Topic 0)

XYZ Company uses Oracle General Ledger. They have a practice of loading data from the legacy systems into the GL_INTERFACE table, from where they import it into Oracle General Ledger. They have enabled four account segments. In the Key Flexfield Segments

window, you find that:

Segment 1 corresponds to the SEGMENT1 column Segment 2 corresponds to the SEGMENT2 column Segment 3 corresponds to the SEGMENT4 column Segment 4 corresponds to the SEGMENT5 column

Identify the columns of the GL_INTERFACE table with the data that must be populated.

  1. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

  2. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT3

  3. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

  4. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT3, Segment 4 in GL_INTERFACE.SEGMENT4

Answer: A

Question No: 86 – (Topic 0)

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: 87 – (Topic 0)

Identify the Receivable interface table into which the receipt information contained in the bank file can be loaded by using a SQL*Loader script.

  1. AR_PAYMENTS_INTERFACE_ALL

  2. AR_INTERIM_CASH_RECEIPTS_ALL

  3. AR_INTERIM_CASH_INTERFACE_ALL

  4. AR_INTERIM_CASH_RCPT_LINES_ALL

  5. AR_INTERIM_PAYMENTS_INTERFACE_ALL

Answer: A

Question No: 88 – (Topic 0)

The board of directors of Acme Enterprises decide to float two new companies: Acme Construction and Acme Exports.

They want to implement Oracle General Ledger. They want to restrict access across these new companies. Only the Vice President (Finance) must have complete access.

Identify two correct statements. (Choose two.)

  1. Create one primary ledger for Acme Enterprises.

  2. Create one primary ledger for Acme Enterprises, one for Acme Construction, and one for Acme Exports.

  3. Create only three data access sets: one for Acme Enterprises, one for Acme Construction, and one for Acme Exports.

  4. Create one data access set and provide read and write access to Acme Enterprises, and read-only access to Acme Construction and Acme

    Exports.

  5. Create four data access sets: one with read and write access for all companies and the rest with read and write access for the respective balancing segment values for each company.

Answer: A,E

Question No: 89 – (Topic 0)

You have the option to define your own accounting rules in Oracle Subledger Accounting to meet your implementation#39;s business requirements by using .

  1. AutoCash rule sets

  2. application rule sets

  3. the accounting methods builder

  4. the Revenue Accounting Management wizard

Answer: C

Question No: 90 – (Topic 0)

After creating two new customers, ABC and XYZ, you create and complete an invoice for

$105 ($100 plus $5 tax) for customer ABC. You print the invoice and realize that you should have created the invoice for customer XYZ and not for customer ABC. The accounting for the transaction is posted to the General Ledger (GL).

Which is the best option to correct the situation?

  1. Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to the account of XYZ.

  2. Create an on-account credit memo for $105 for ABC. Apply the on-account credit memo to the invoice. Enter and complete the invoice for XYZ.

  3. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transaction type that has class equal to credit memo. Complete the invoice. Enter and complete the invoice for XYZ.

  4. From the Navigator, select Transactions gt; Credit Transactions. The Credit Transactions form is displayed; choose your transaction. Click the Credit Balance button, save your work, and then click the Complete button. Enter and complete the invoice for XYZ.

Answer: D

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