2018 Jan Oracle Official New Released 1z0-516
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Oracle EBS R12.1 General Ledger Essentials

Question No: 181 – (Topic 2)

You are implementing Oracle General Ledger at a client site. The client is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multicurrency setup will be part of the implementation. The Controller wants a system which allows the flexibility to enter transactions in any foreign currency, and at the same time automatically performs currency conversion online and in real time. She wants to know whether this requirement could be satisfied. What is the correct response?

  1. Workflow needs to be customized for journals to be entered in foreign currency.

  2. Account generator needs to be customized for journals to be entered in foreign currency.

  3. Oracle GL provides this functionality and there is no problem in satisfying the requirement.

  4. Oracle GL does not support this functionality.

Answer: C

Question No: 182 – (Topic 2)

Identify the four setup options that control supplier defaults. (Choose four.)

  1. financial options

  2. payables options

  3. receiving options

  4. purchasing options

  5. Payables system setup

  6. Trading Community Architecture (TCA)

Answer: A,B,D,E

Question No: 183 – (Topic 2)

ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABC Company with this information. (Choose two.)

  1. Run the Trial Balance report.

  2. Execute an online budget inquiry.

  3. Execute an online account inquiry.

  4. Review the Account Analysis report.

  5. Run financial statement generator reports.

Answer: C,E

Question No: 184 – (Topic 2)

ABC.com, the GL accountant comes to you and says that she is running the tests to check budget functionality. She says that the GL period is closed, but she was able to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Tess was able to post the budget journal is closed. What explanation do you provide to Tess?

  1. The budget year is Open.

  2. The budget status is Current.

  3. The Profile option Require Budget Journal is set at the set of books level.

  4. The budget status is Frozen.

Answer: A

Question No: 185 – (Topic 2)

Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

  1. Download Web ADI.

  2. Create the database link.

  3. Determine the data to be reported.

  4. Define attributes for rows and columns.

  5. Decide which rows and columns will make up the report.

Answer: C,D,E

Question No: 186 – (Topic 2)

Which two actions would you perform by using the column set builder function? (Choose two.)

  1. assigning accounts

  2. creating the format mask

  3. defining calculations in the new column

  4. sorting rows based on values in a column

Answer: B,C

Question No: 187 – (Topic 2)

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

  1. You can maintain daily rates and historical rates more easily.

  2. You get improved efficiency with the help of the spreadsheet interface.

  3. You can maintain consistency among different currency conversion rates.

  4. Additional security ensures that historical rates can be uploaded to closed or future periods only.

  5. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.

Answer: A,B,C

Question No: 188 – (Topic 2)

A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.)

  1. Drilldown was option not added to responsibility.

  2. Journal source was not set up to import references.

  3. Journal entry was not posted.

  4. Journal category was improperly setup.

  5. Journal import was not done.

Answer: A,B

Question No: 189 – (Topic 2)

Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)

  1. Trial Balance – Detail

  2. Account Analysis

  3. Other – Calendar Validation Report

  4. Chart of Accounts – Segment Values Listing

  5. Currency – Daily Conversion Rates Listing

Answer: A,B

Question No: 190 – (Topic 2)

What are the possible posting options in Oracle General Ledger?

  1. Post multiple batches

    Post batches that meet specific criteria by submitting a concurrent request

  2. Post Journal batches individually Post multiple journals

  3. Post Journal batches individually Post multiple batches

    Post batches that meet specific criteria by submitting a concurrent request and using Journal Approval

  4. Post Journal batches individually Post multiple batches

Use AutoPost

Answer: D

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