[Free] 2018(Jan) EnsurePass Pass4sure Oracle 1z0-516 Dumps with VCE and PDF 171-180

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Oracle EBS R12.1 General Ledger Essentials

Question No: 171 – (Topic 2)

Choose three tables that will be populated when the Journal Import process is run with the option to post set as quot;Yes.quot; (Choose three.)






Answer: A,B,C

Question No: 172 – (Topic 2)

Choose the reason why Tina is unable to view the subledger entries from Oracle Payables in the Oracle General Ledger module. She has run the transfer program that completes successfully.

  1. Journal Import is not submitted.

  2. The Journal source is not defined.

  3. The Journal category is not defined.

  4. Payables is not integrated with General Ledger.

Answer: A

Question No: 173 – (Topic 2)

During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in the expenditure inquiry form. Which process was likely omitted?

  1. tieback costs

  2. interface costs

  3. distribute costs

  4. streamline costs

Answer: C

Question No: 174 – (Topic 2)

Which three activities would use summary accounts? (Choose three.)

  1. Formulate a budget for employee benefits in each company based on the total of all budgeted employee salaries.

  2. Estimate a sales commission accrual based on the total of all product sales for each division.

  3. Create a monthly recurring standard journal entry to amortize Goodwill.

  4. Allocate the total monthly costs of the Information Services department to other departments.

Answer: A,B,D

Question No: 175 – (Topic 2)

Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choose three.)

  1. Enter transactions and reports in any currency.

  2. Enter exchange rates online and automatically.

  3. Translate only actual but not budgeted balances.

  4. Translate only budgeted but not actual balances.

  5. Use daily, period end, average, and historical rates.

Answer: A,B,E

Question No: 176 – (Topic 2)

With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. When you reconcile payments using Oracle Cash Management, Cash Management updates the status of payments. Select the new status.

  1. issued

  2. updated

  3. negotiable

  4. reconciled

Answer: D

Question No: 177 – (Topic 2)

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

  1. updating the period

  2. posting journal entries

  3. consolidating financials

  4. reversing journal entries

  5. translating foreign balances

Answer: A

Question No: 178 – (Topic 2)

Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.)

  1. Review the workflow process.

  2. Evaluate the mapping settings.

  3. Review the GL_Interface tables.

  4. Confirm the account hierarchy setups.

  5. Run the period close by using a different amount type.

Answer: B,C

Question No: 179 – (Topic 2)

Select two steps that are NOT elements of creating a Financial Statement Generator (FSG)

report in Oracle General Ledger (Choose two.)

  1. Attach the fiscal calendar.

  2. Define rows and columns.

  3. Build a report by using rows and columns.

  4. Specify the default ledger for ledger sets.

  5. Determine which rows and columns make up your report.

Answer: A,D

Question No: 180 – (Topic 2)

Which two actions would you perform using the Column Set Builder? (Choose two.)

  1. create format mask

  2. assign accounts

  3. sort rows based on values in a column

  4. define calculations in new column

Answer: A,D

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