[Free] 2018(Jan) EnsurePass Pass4sure Oracle 1z0-516 Dumps with VCE and PDF 421-430

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Oracle EBS R12.1 General Ledger Essentials

Question No: 421 – (Topic 5)

Identify three profile options that affect the integration of Oracle Receivables with other Oracle applications. (Choose three.)

  1. OM: Item Flexfield

  2. EB Tax: Inventory Item for Freight

  3. AR: Application GL Date Default

  4. EB Tax: Invoice Freight as Revenue

  5. AR: Change Customer on Transaction

Answer: A,B,D

Question No: 422 – (Topic 5)

Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.

  1. Adjustment

  2. Earned discount

  3. Unearned discount

  4. Miscellaneous cash

Answer: D

Question No: 423 – (Topic 5)

ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to be defined.

  1. Five

  2. Four

  3. Two

  4. One

  5. Three

Answer: A

Question No: 424 – (Topic 5)

Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank with authorization to debit a customers checking account for either the full amount due or the minimum balance, depending on the option selected by the customer at the time of enrolling for the direct debit. Which is the most appropriate receipts solution in Oracle Receivables to directly address this business need of your client?

  1. Implement bills of exchange.

  2. Implement automatic receipts.

  3. Implement credit card receipts.

  4. Implement QuickCash receipts.

  5. Implement AutoLockbox receipts

Answer: B

Question No: 425 – (Topic 5)

Journal source, journal category, balance type, period, and effective date are used to define the

criteria set.

  1. AutoPost

  2. Mass Allocations

  3. Recurring Journals

Answer: A

Question No: 426 – (Topic 5)

An easy methodology to clarify how to define rollup groups for the summary account is to


  1. Look at industry standards

  2. Review detailed financial reports

  3. Sketch the summarization levels

  4. Discuss it with all levels of management within the organization

Answer: C

Question No: 427 – (Topic 5)

What does the concurrent program Automatic Reversal do? (Choose two.)

  1. Generates reversals for all journals in a date range

  2. Generates reversals for the journal batches that you specify

  3. Generates reversal journals for all journal categories that have AutoReverse enabled

  4. Generates and posts reversal journals if the journal reversal criteria has the AutoReverse and

    AutoPost reversals enabled for the category

    Answer: C,D

    Question No: 428 – (Topic 5)

    Identify the sequence of the steps that are required for performing the accounting setup from this list.

    1. Define accounting options.

    2. Define primary ledger.

    3. Define legal entities.

    4. Assign legal entities to accounting setup.

    5. Complete accounting setup.

    6. Define secondary ledgers.

      A. 1, 2, 3, 4, 5, 6

      B. 3, 4, 2, 6, 1, 5

      C. 3, 4, 2, 6, 5, 1

      D. 1, 3, 2, 4, 5, 6

      Answer: B

      Question No: 429 – (Topic 5)

      A summary account template is being created to perform a flash inquiry on cash balances for a chart of accounts consisting of three segments: company, department, and account. Which combination would result in zero balance?

      D = Detail

      T = Total

      1. T-T-T

      2. T-T-D

      3. T-D-D

      4. D-T-D

      5. D-D-D

Answer: A

Question No: 430 – (Topic 5)

While you are attempting to post entries, you receive this error message:

Number of updated GL_BALANCES rows does not equal the number of rows in the


A subsequent SQL script identifies that duplicates have arisen from a summary template ID.

What must you do?

  1. Run the Maintain Summary Template program because a detail account has been added.

  2. Run the Optimizer program because it would improve the performance of the posting program.

  3. Run the Inherit Segment Values Attribute program because a valid code combination has been preserved.

  4. Run the Incremental Add/Delete Summary Templates program because there has been a change in the hierarchy structure.

Answer: D

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