[Free] 2018(Jan) EnsurePass Pass4sure Oracle 1z0-516 Dumps with VCE and PDF 231-240

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Oracle EBS R12.1 General Ledger Essentials

Question No: 231 – (Topic 3)

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: 232 – (Topic 3)

Select four options that can be set at the supplier site level. (Choose four.)

  1. surveys

  2. tax details

  3. accounting

  4. bank details

  5. business classification

Answer: A,B,C,D

Question No: 233 – (Topic 3)

The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that an entry related to the Dec-04 period has not been entered. Dec-04 has a closed status. Now that the user has all the approvals, he or she wants to know how to enter and post the journal in GL, ensuring that all balances are reflected correctly.

What must the user do?

  1. Open Dec-04; enter and post the journal; close the period.

  2. Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close all periods.

  3. Open Dec-04; enter and post the journal; run the Trial Balance report; close the period.

  4. The user cannot post to a prior period that is not in the current fiscal year. So, enter and post it in Mar-05.

Answer: C

Question No: 234 – (Topic 3)

Identify four interface tables that are available in Oracle Payables. (Choose four.)

  1. Payables Open Interface

  2. Suppliers Open Interface

  3. Payables PCard Interface

  4. Payables Payments Interface

  5. Payables PO Matching Interface

  6. Payables Invoice Open Interface

Answer: A,B,C,E

Question No: 235 – (Topic 3)

XYZ Company is implementing Oracle General Ledger. They want to record and report on expenses by cost center. Identify three segments that must be defined for XYZ Company#39;s accounting flexfield.(Choose three.)

  1. project

  2. account

  3. balancing

  4. cost center

  5. intercompany

Answer: B,C,D

Question No: 236 – (Topic 3)

Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)

  1. invoices imported through EDI

  2. invoices created after invoice workflow approval is enabled

  3. invoices created using the Pay on Receipt Autoinvoice program

  4. expense reports imported through the Payables Expense Report Import program

  5. recurring invoices if the approval workflow option required was not enabled on the template

Answer: D,E

Question No: 237 – (Topic 3)

Identify four purposes for which the Special Calendar is used. (Choose four.)

  1. payment terms

  2. recurring invoices

  3. Key Indicators Report

  4. automatic tax withholding

  5. opening and closing payables periods

  6. controlling the number of future periods

Answer: A,B,C,D

Question No: 238 – (Topic 3)

ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automated adjustments. The New Delhi office does not need a complete ledger to perform management or statutory reporting. Which four statements are true in the given scenario? (Choose four.)

  1. The Mumbai ledger is an adjustment-only secondary ledger.

  2. Perform all adjustments in the Mumbai ledger.

  3. Perform all day-to-day transactions in the New Delhi ledger.

  4. Use ledger sets to combine transaction data and adjustment data.

  5. Perform all day-to day-transactions and adjustments in the New Delhi ledger.

  6. Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.

Answer: A,B,C,D

Question No: 239 – (Topic 3)

Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company#39;s requirements. (Choose three.)

  1. wire

  2. check

  3. clearing

  4. electronic funds transfer (EFT)

  5. electronic data interchange (EDI)

  6. extensible markup language (XML)

Answer: A,B,C

Question No: 240 – (Topic 3)

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

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