[Free] 2018(Jan) EnsurePass Pass4sure Oracle 1z0-516 Dumps with VCE and PDF 31-40

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: 31 – (Topic 1)

One of ABC.com#39;s clients wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client#39;s requirements?

  1. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center values or Summary Accounts.

  2. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the Rollup Groups.

  3. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based on the parent cost centers. Create FSG based on the parent cost center values.

  4. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the parent cost center values.

  5. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the parent cost centers. Create FSG based on the parent cost center values or Summary Accounts.

Answer: A

Question No: 32 – (Topic 1)

Your client wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client#39;s requirements?

  1. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the parent cost centers. Create FSG based on the parent cost center values or Summary Accounts.

  2. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the Rollup Groups.

  3. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center values or Summary Accounts.

  4. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based on the parent cost centers. Create FSG based on the parent

    cost center values.

  5. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the parent cost center values.

Answer: C

Question No: 33 – (Topic 1)

Which two statements would be true when helping a customer make implementation decisions for General Ledger? (Choose two)

  1. Integration issues can be minimized.

  2. Training can be standardized when Oracle is implemented without customization.

  3. Patching cannot be done on a customized implementation.

  4. All Oracle subledger journals go directly to General Ledger to overcome interface problems.

  5. Cost of upgrades would not be affected.

Answer: A,B

Question No: 34 – (Topic 1)

For which two business reasons would you use reporting hierarchies instead of summary accounts? (Choose two.)

  1. The primary use for summarization is only for reports.

  2. You want to use summarized data in journal formulas.

  3. Summary relationships are not permanent.

  4. You want online inquiry of summary amounts.

  5. You want to easily reorganize summary views in the future.

Answer: A,E

Question No: 35 – (Topic 1)

Select the three true statements about mapping rules. (Choose three.)

  1. There are only two mapping rule actions: 1. Copy Value from; 2. Assign Value from

  2. Mapping sets enable you transfer data from multiple subsidiaries simultaneously.

  3. A rollup rule tells General Ledger what detail level of information to transfer and how to roll that information up to the parent.

  4. You can define a combination of segment values and account rules.

  5. There are only three rollup rules: 1. Transfer Level Detail – Using Detail Ranges; 2. Transfer Level Detail – Using Parent; 3. Transfer Level Summary – Using Parent

Answer: B,C,D

Question No: 36 – (Topic 1)

Which four are valid consolidation tools? (Choose four.)

  1. Financial Statement Generator

  2. Applications Desktop Integrator

  3. Global Consolidation System

  4. Global Intercompany System

  5. Interface Data Transformer

Answer: A,B,C,E

Question No: 37 – (Topic 1)

Select the two minimum set up steps for intercompany accounting. (Choose two.)

  1. Define a value set for the Company and Intercompany segments.

  2. Set up intercompany accounts for journal source and journal category of Other.

  3. Set up intercompany accounts for every journal source and journal category for intercompany transactions.

  4. Define a clearing company for all many-to-many intercompany journals.

  5. Include an Intercompany segment in the chart of accounts structure.

  6. Define a journal source and a journal category for Intercompany.

  7. Enable the Intercompany Qualifier for the Intercompany segment.

  8. Enable Balance Intercompany Journal when defining the set of books.

Answer: B,H

Question No: 38 – (Topic 1)

ABC.com is a national company with five divisions that share the same set of books. Select the statement that best describes the consolidation process for ABC Corporation.

  1. Run translations, transfer data and run financial reports.

  2. Run revaluation, translation, and eliminations; transfer data and run financial reports.

  3. Run revaluation and translation, transfer data and run financial reports.

  4. Transfer data and run financial reports.

  5. Enter eliminating journals and run financial reports.

Answer: E

Question No: 39 – (Topic 1)

Exhibit:

Ensurepass 2018 PDF and VCE

You work as a DBA for ABC.com. Please study the exhibit carefully. GL Consolidation: Preserve Journal Batching is set to Yes.

GL Consolidation: Preserve Journal Effective Date is set to Yes. What would the result be?

A. 1, 3, 4

B. 2, 3, 4

C. 3, 4, 5

D. 5, 1, 2

E. 5, 3, 2,

Answer: A

Question No: 40 – (Topic 1)

In which three ways do sub-ledgers transfer information into General Ledger? (Choose three.)

  1. Detail Journals

  2. Line level records

  3. Summary Journals

  4. Balances

  5. Batch Transfer

Answer: A,C,E

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.