[Free] 2018(Jan) EnsurePass Pass4sure Oracle 1z0-516 Dumps with VCE and PDF 281-290

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Oracle EBS R12.1 General Ledger Essentials

Question No: 281 – (Topic 3)

Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

  1. A segment of different chart of accounts structures can share the same value set.

  2. A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart of accounts structure.

  3. If the same value set is used for two or more chart of accounts structures, the same security rules for that segment cannot be assigned to multiple structures.

  4. It is possible to have multiple companies in the same set of books provided that they share the same chart of accounts structure, accounting calendar, and reporting currency.

Answer: A,B

Question No: 282 – (Topic 3)

Which two statements are true if you select the QuickMatch invoice type? (Choose two.)

  1. You can use QuickMatch to match individual distribution lines.

  2. You can use QuickMatch to match individual purchase order shipments.

  3. Payables automatically completes the match to all available shipments on the purchase order.

  4. Payables automatically creates invoice distributions on the basis of the purchase order distributions.

Answer: C,D

Question No: 283 – (Topic 3)

Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

  1. balancing segment

  2. cost center segment

  3. management segment

  4. natural account segment

  5. secondary tracking segment

Answer: A,D

Question No: 284 – (Topic 3)

Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

  1. ledgers

  2. operating units

  3. data access sets

  4. definition access sets

  5. subledger accounting method

Answer: A,E

Question No: 285 – (Topic 3)

Identify three true statements about the invoice approval workflow. (Choose three.)

  1. If an approver rejects the invoice, the Workflow program ends.

  2. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.

  3. If an approver does not respond within the time you specify, then Workflow requests approval from that person#39;s manager.

  4. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.

  5. If the invoice amount is changed after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.

Answer: A,C,D

Question No: 286 – (Topic 3)

Select three invoice types that can be entered ONLY in the Invoice Workbench, and CANNOT be entered via the Invoice Gateway. (Choose three.)

  1. debit memos

  2. credit memos

  3. prepayments

  4. PO default invoice

  5. PO standard invoice

Answer: A,C,D

Question No: 287 – (Topic 3)

For each subledger, there must be one .

  1. journal type

  2. account type

  3. journal source

  4. journal category

Answer: C

Question No: 288 – (Topic 3)

You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template. The template has been designed as follows:

D-Region-D

The first segment is company, which has ten values.

The second segment is division, which is represented by the rollup group region. It has six parent values. The last segment is account, which has 500 values.

How many summary accounts would be generated by the template?

A. 60

B. 500

C. 3,000

D. 5,000

E. 30,000

Answer: E

Question No: 289 – (Topic 3)

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: 290 – (Topic 3)

Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.

One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.

  1. Enable the security on definition by selecting the enable security check box.

  2. Remove the security on definition by deselecting the enable security check box.

  3. Exclude the assign access function for those definitions from the user#39;s responsibility.

  4. Define security rules and specify what actions can be performed by each user or a group of users.

  5. Set up profile options against each user and specify what actions can be performed by each user or a group of users.

Answer: C

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