[Free] 2018(Jan) EnsurePass Examcollection Oracle 1z0-516 Dumps with VCE and PDF 101-110

Ensurepass.com : Ensure you pass the IT Exams
2018 Jan Oracle Official New Released 1z0-516
100% Free Download! 100% Pass Guaranteed!

Oracle EBS R12.1 General Ledger Essentials

Question No: 101 – (Topic 2)

Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

  1. It is an integrated extension of a ledger.

  2. It replaces multiple reporting currencies.

  3. Reporting currencies are the same as secondary ledgers.

  4. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.

Answer: A,B

Question No: 102 – (Topic 2)

ABC.com#39;s global chart of accounts structure includes the Company (balancing) segment and Intercompany segment (with Intercompany segment qualifier) in order to properly identify the intercompany trading party. Which statement is NOT true about using an Intercompany segment in the chart of accounts structure? (Choose the statement that is NOT true.)

  1. The Company and Intercompany segments can share the same value set.

  2. GL automatically populates the intercompany segment value in the Balancing segment to balance an intercompany journal.

  3. You can enable security for the Company segment and disable security for Intercompany segment.

  4. If a journal entry is balanced within the same company value in the balancing segment, GL automatically uses the value in the Intercompany segment to create additional journal lines for the trading company.

  5. In a many-to-many intercompany journal, the use of a clearing company as the trading partner is possible.

Answer: D

Question No: 103 – (Topic 2)

Identify the different types of data that can be processed using the GL Interface. (Choose three.)

  1. rates

  2. budget

  3. vendors

  4. statistical

  5. intercompany

  6. currency codes

Answer: B,D,E

Question No: 104 – (Topic 2)

Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

  1. Receivables

  2. Payables

  3. Purchasing

  4. Assets

  5. Inventory

Answer: D

Question No: 105 – (Topic 2)

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

  1. It ensures reapplication of the same rules each time you transfer.

  2. IDT provides greater flexibility by performing no validation on the imported data.

  3. User-defined conditions enable you to control when transformation rules must be applied.

  4. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

  5. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

Answer: A,C,D

Question No: 106 – (Topic 2)

ABC Company in the United Kingdom has three subsidiaries in three different countries. It

consolidates the accounts of all subsidiaries and the headquarters by using the average balances.

John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for the current month. On completion of the consolidation, John was not able to tally the consolidated figures with the ledgers. Select two reasons why John failed to see the correct balances. (Choose two.)

  1. Posting of the consolidation journals may have failed.

  2. He forgot to add the prior periods consolidation in the current period.

  3. Manual adjustment needed after every consolidation was not performed.

  4. John may not have reversed the prior periods consolidation in the current period.

Answer: A,D

Question No: 107 – (Topic 2)

What is a benefit of the secondary tracking segment?

  1. Additional security ensures that correct accounts are selected while entering transactions.

  2. The Management segment is enabled automatically when the secondary segment is defined.

  3. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.

Answer: C

Question No: 108 – (Topic 2)

ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States, France, and Spain. You are told that both France and Spain require Document Sequencing whereas Canada and the United States do not. There are three legal entities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the same fiscal year end. Advise the DBI Enterprise corporate controller what is feasible, in order to set up the minimum number of set of books, without customization.

  1. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Install and set up Global

    Accounting Engine for Europe.

  2. 1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencing for France and Spain sets of books.

  3. 1 set of books for Canada, 1 for the U.S. and 1 for France and 2 for Spain. Install and set up Global Accounting Engine for France and Spain sets of books.

  4. 1 set of books for Canada, 1 for the U.S. and 2 for France and 1 for Spain. Enable Document Sequencing for France and Spain sets of books.

  5. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Enable Document Sequencing for Europe set of books only.

Answer: B

Question No: 109 – (Topic 2)

XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is quot;product.quot; Select the element that would meet this need.

  1. row set

  2. row order

  3. content set

  4. column set

Answer: B

Question No: 110 – (Topic 2)

Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.

  1. a paper check to print and send to a supplier

  2. an EFT, EDI, or XML to the bank of a supplier

  3. a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier

  4. transmission of payment information to an external party, such as your bank, that prints checks on your behalf

Answer: C

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
Free VCE Simulator Yes No No
Instant Download Yes No No