[Free] 2018(Jan) EnsurePass Pass4sure Oracle 1z0-516 Dumps with VCE and PDF 381-390

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Oracle EBS R12.1 General Ledger Essentials

Question No: 381 – (Topic 4)

Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)

  1. excise

  2. property

  3. customs duty

  4. vehicle license

  5. recoverable tax

Answer: B,D

Question No: 382 – (Topic 4)

In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

  1. processing a receipt

  2. entering a purchase order

  3. running the period-end accrual program

  4. entering invoices and matching them in Payables

Answer: A,D

Question No: 383 – (Topic 4)

The manual payment method is best described as the method of .

  1. paying multiple checks in a pay run

  2. paying a single check within Payables

  3. manually writing a check outside of Payables

  4. recording a payment made outside of Payables

Answer: D

Question No: 384 – (Topic 4)

Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)

  1. Oracle Assets

  2. Oracle Leasing

  3. Oracle Inventory

  4. Oracle Receivables

  5. Oracle Procurement

Answer: A,C,E

Question No: 385 – (Topic 4)

XYZ Corp. must complete the subledger account process and perform other period-end closing activities. Payables must validate and account for the remaining invoices that have system holds. Select the period-end processing order to be followed assuming that there are no error transactions.

  1. journal import, journal posting, invoice validation, create accounting, transfer journal entries to General Ledger

  2. create accounting, invoice validation, transfer journal entries to General Ledger, journal

    import, journal posting

  3. invoice validation, create accounting, transfer journal entries to General Ledger, journal import, journal posting

  4. transfer journal entries to General Ledger, submit journal import, create accounting, invoice validation, journal posting

Answer: C

Question No: 386 – (Topic 4)

A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify the customer or invoice. Which is the correct method of entering the receipt in Oracle Accounts Receivable?

  1. Enter the receipt as an unapplied receipt.

  2. Enter the receipt as an unidentified receipt.

  3. Enter the receipt as an on-account receipt.

  4. Enter the receipt as a miscellaneous receipt.

  5. Enter the receipt by applying it to a dummy customer account.

Answer: B

Question No: 387 – (Topic 4)

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup options for manual tax lines. (Choose three.)

  1. Regime

  2. Event Class

  3. Regime, Tax

  4. Configuration Owner

  5. Tax – Controls and Defaults

  6. Regime, Tax, Tax Jurisdiction

Answer: B,D,E

Question No: 388 – (Topic 4)

Identify two advantages of using Oracle Internet Expenses. (Choose two.)

  1. It improves cycle times by routing expense reports via a workflow.

  2. Expense reports that are entered using Internet Expenses are visible in Payables.

  3. Enforcement of spending policy controls expenses, showing any policy deviations.

  4. Expense report template attributes are defined in Internet Expenses to manage expense types.

    Answer: A,C

    Question No: 389 – (Topic 4)

    You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?

    1. Review proposed payments.

    2. Print payments.

    3. Create payment instructions.

    4. Select and build proposed payments.

    5. Mark payments as complete.

      A. 4, 2, 1, 5, 3

      B. 4, 1, 3, 2, 5

      C. 2, 4, 1, 3, 5

      D. 5, 4, 1, 2, 3

      Answer: B

      Question No: 390 – (Topic 4)

      Identify the table used to load procurement card transactions.

      1. AP_Card_Codes

      2. AP_Invoices_Interface

      3. AP_Invoice_Lines_Interface

      4. AP_Expense_Feed_Lines_All

        Answer: D

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