[Free] 2018(Jan) EnsurePass Pass4sure Oracle 1z0-516 Dumps with VCE and PDF 131-140

Ensurepass.com : Ensure you pass the IT Exams
2018 Jan Oracle Official New Released 1z0-516
100% Free Download! 100% Pass Guaranteed!
http://www.EnsurePass.com/1z0-516.html

Oracle EBS R12.1 General Ledger Essentials

Question No: 131 – (Topic 2)

ABC.com, the GL accountant comes to you with a requirement that all the journal batches for financial allocations should be automatically generated and validated. She wants to know whether Oracle GL functionality can satisfy this requirement. What is your response?

  1. Dynamic Insert must be enabled to satisfy this requirement.

  2. Cross-validation rules must be defined to satisfy this requirement.

  3. It is possible to satisfy this requirement by using the autoallocation functionality.

  4. It is not possible to satisfy this requirement.

Answer: C

Question No: 132 – (Topic 2)

Identify four consolidation tools. (Choose four.)

  1. Interface Data Transformer

  2. Global Consolidation System

  3. Global Intercompany System

  4. Financial Statement Generator

  5. Applications Desktop Integrator

Answer: A,B,D,E

Question No: 133 – (Topic 2)

During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

  1. The source is frozen.

  2. The journal batch has not been approved.

  3. The journal batch has not been posted.

  4. Funds have been reserved for the batch.

  5. Funds are in the process of being reserved for the batch.

Answer: A,D,E

Question No: 134 – (Topic 2)

Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?

  1. Oracle Assets

  2. Oracle Projects

  3. Oracle Treasury

  4. Oracle Receivables

  5. Oracle Property Manager

    Answer: C

    Question No: 135 – (Topic 2)

    You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:

    1. They want to be able to pay only certain types of suppliers by batch.

    2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention.

    3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is automatically not issued.

To meet the above requirements, you perform these steps:

  1. Set up suppliers with pay groups for each type, and use them when running the payment batch.

  2. Set up the payment batch with Maximum Outlay equal to $100,000 USD.

  3. Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD. Which requirements have you met?

  1. 2 and 3

  2. 1, 2 and 3

  3. 1 and 2

  4. 1 and 3

Answer: D

Question No: 136 – (Topic 2)

ABC.com is a U.S.-based company with business operations in North America and Europe. It has existing Oracle GL sets of books in its single global instance. All sets of books use a global chart of accounts and a common accounting calendar.

It just expanded its business to Australia and acquired two new companies with the same year end as World Inc. It wants to be able to include the new companies in existing financial reports created with Financial Statements Generator (FSG).

How can it easily integrate the two new companies into its existing GL with minimal effort?

  1. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD and include the two new companies for FSG reports in USD.

  2. Define two new company values, define a new AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set of books.

  3. Define the new company values, enable AUD currency and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the two new sets of books into their existing consolidation set of books.

  4. Define two new company values, enable AUD currency, and define a new set of books. Translate AUD to USD and include the two new companies for FSG reports in USD.

  5. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set of books.

Answer: D

Question No: 137 – (Topic 2)

John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company. John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies. What does John say to help Sam?

  1. Currency Rates Manager automatically converts all transactions entered in INR to USD.

  2. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.

  3. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.

  4. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.

  5. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.

Answer: C

Question No: 138 – (Topic 2)

ABC.com has a calendar with 12 monthly periods. Their fiscal year is the calendar year. ABC.com uses Average Balance Processing. ABC.com#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. next day in the same period

  2. first day of the next period

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

  4. next business day in the same period

Answer: C

Question No: 139 – (Topic 2)

Which event reverses an accrual for an item set to accrue on receipt?

  1. paying an invoice

  2. delivering goods to a final destination

  3. running the Receipt Accruals – Period-end process

  4. matching an invoice in Payables to a purchase order

Answer: D

Question No: 140 – (Topic 2)

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

100% Ensurepass Free Download!
Download Free Demo:1z0-516 Demo PDF
100% Ensurepass Free Guaranteed!
1z0-516 Dumps

EnsurePass ExamCollection Testking
Lowest Price Guarantee Yes No No
Up-to-Dated Yes No No
Real Questions Yes No No
Explanation Yes No No
PDF VCE Yes No No
Free VCE Simulator Yes No No
Instant Download Yes No No

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.