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

Question No: 211 – (Topic 3)

XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and China. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments. All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained.

Identify the number of legal entities to be created and the number of accounting setups.

  1. Create one legal entity and four accounting setups.

  2. Create four legal entities and one accounting setup.

  3. Create two legal entities and four accounting setups.

  4. Create four legal entities and four accounting setups.

Answer: D

Question No: 212 – (Topic 3)

Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

  1. using a distribution set

  2. creating through allocations

  3. matching the invoice to a shipment

  4. using the Distributions Open Interface

  5. manually entering in the distributions window

Answer: C,D

Question No: 213 – (Topic 3)

The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

  1. Update accounting options.

  2. Approve accounting options.

  3. Complete the accounting setup.

  4. Create an accounting setup structure.

Answer: A,C,D

Question No: 214 – (Topic 3)

ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US (West) has budgetary control enabled and the US (East) requires approvals for journals. All operations share the same chart of accounts, accounting calendar, and subledger accounting method. The US (West) and the US (East) operate on the USD currency. The UK#39;s currency is GBP, whereas France operates on the EUR currency.

Identify the least number of legal entities and accounting setups to be created.

  1. 1 legal entity and 4 accounting setups

  2. 4 legal entities and 1 accounting setup

  3. 3 legal entities and 3 accounting setups

  4. 4 legal entities and 4 accounting setups

Answer: D

Question No: 215 – (Topic 3)

Identify the item that requires approval through the workflow process.

  1. invoices not matched to a purchase order

  2. invoices that existed before you enabled the feature

  3. expense reports imported through the Payables Expense Report Import Program

  4. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option enabled

Answer: A

Question No: 216 – (Topic 3)

Using the Payables System Setup Options form, you can enable autonumbering for .

  1. invoices

  2. suppliers

  3. payments

  4. employees

  5. expense reports

Answer: B

Question No: 217 – (Topic 3)

The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes. As an implementation consultant, what one recommendation would you make to meet the above requirement?

  1. Create two primary ledgers with the standard cash method.

  2. Create two primary ledgers with the standard accrual method.

  3. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.

  4. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.

  5. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.

Answer: E

Question No: 218 – (Topic 3)

There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)

  1. Loans

  2. Purchasing

  3. Bill of Materials

  4. E-Business Tax

  5. Order Management

  6. Cash Management

  7. System Administrator

Answer: A,B,D,F

Question No: 219 – (Topic 3)

Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)

  1. Holds

  2. Actions

  3. Invoice Lines

  4. All Distributions

  5. Scheduled Payments

Answer: A,B,E

Question No: 220 – (Topic 3)

ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report is automatically created. Identify three components on which the Create Journal Entries Execution report reports. (Choose three.)

  1. Budget Journals

  2. Posted Journals report

  3. Payables encumbrance entries

  4. Purchasing encumbrance entries

Answer: A,C,D

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