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Oracle EBS R12.1 General Ledger Essentials

Question No: 251 – (Topic 3)

Select three types of Payables open interfaces that will import data into Payables from other applications or third-party solutions. (Choose three.)

  1. PCard Open Interface

  2. Supplier Open Interface

  3. Matching Open Interface

  4. Receiving Open Interface

  5. Payments Open Interface

Answer: A,B,C

Question No: 252 – (Topic 3)

There are many fields with important data displayed on the main page of the Payables Overview window. Which three fields do NOT appear in the Payables Overview main window? (Choose three.)

  1. Terms

  2. Paygroup

  3. Trading Partner

  4. Settlement Date

  5. Remit-To Bank Account Name

Answer: A,B,E

Question No: 253 – (Topic 3)

Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts, invoices, accruals, and expense reports. The client must have much of this information loaded into Oracle Accounts Payable daily until they can effectively retire these three systems. Identify the best approach that involves minimal customization.

  1. Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in other information.

  2. Use Invoice Import to bring in invoice and invoice accrual information. The rest requires custom interfaces to be developed.

  3. Use Invoice Gateway to bring in invoice information, and Supplier Import for suppliers. The rest requires custom interfaces to be developed.

  4. Use Invoice Import to bring in all the above information after setting the correct profile options and defining the appropriate AP and non-AP transaction sources. No custom interfaces are needed.

  5. Use Invoice Gateway to bring in the invoice, invoice accrual, and expense report information; and Supplier Import to bring in supplier information. The rest requires custom interfaces to be developed.

Answer: A

Question No: 254 – (Topic 3)

ABC Corp. requires that all invoices are matched to both a purchase order and a receipt. Invoice tolerances are set to zero. A standard purchase order is entered for consulting services. An invoice is entered and matched against a purchase order. The total invoice amount matches the distribution amount. When the steps to prepare the invoice for payment are completed, the invoice is placed on hold. The company#39;s business policy states that all holds cannot be manually released. To pay the supplier, identify the step to be completed to remove the hold and be eligible for payment.

  1. Inspection is required because it is a three-way match.

  2. Manually release the hold because it is not a system hold.

  3. The service must be received in Purchasing because three-way matching is required.

  4. The service must be received in Accounts Payable because it is a purchase order for a service and not a commodity or item.

  5. Change the invoice tolerances in the Payables Options form to be greater than zero, so that the invoice does not go on hold again.

Answer: C

Question No: 255 – (Topic 3)

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

  1. You can delete the budget and the budget organization after they have been defined.

  2. You cannot delete the budget or the budget organization after either has been defined.

  3. You cannot delete a budget after it has been defined. However, you can delete a budget organization.

  4. You cannot delete a budget organization after it has been defined. However, you can delete a budget.

Answer: C

Question No: 256 – (Topic 3)

Identify three invoice holds that cannot be manually released. (Choose three.)

  1. Acct Hold Reason

  2. Funds Hold Reason

  3. Invoice Hold Reason

  4. Variance Hold Reason

  5. Insufficient Information

  6. Matching Hold Reason

  7. Prepaid Amount Reason

Answer: A,E,G

Question No: 257 – (Topic 3)

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)

  1. canceling invoices

  2. performing receiving

  3. scheduling payments

  4. creating purchase orders

  5. creating purchase order detailed accounting information

Answer: B,D,E

Question No: 258 – (Topic 3)

Identify two places where you can define a legal entity. (Choose two.)

  1. set of books

  2. data access set

  3. Legal Entity Configurator

  4. HRMS organization setup

  5. Accounting Setup Manager

Answer: C,E

Question No: 259 – (Topic 3)

Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)

  1. You receive goods or services from suppliers.

  2. You need supplier information for entering purchase orders.

  3. You must pay the supplier for the goods or services purchased.

  4. You need a supplier as the criterion to search for a payment in the system.

  5. You need a supplier as the criterion to search for purchase orders in the system.

Answer: A,B,C

Question No: 260 – (Topic 3)

In the context of adding, deleting, and disabling secondary ledgers, select two valid statements. (Choose two.)

  1. The subledger accounting method must be assigned if defining a balance- or journal- level subledger.

  2. The subledger accounting method must be assigned only to the secondary ledger in case of defining a subledger journals-level secondary ledger.

  3. The subledger accounting method must not be assigned if defining an adjustments-only secondary ledger for manual adjustments in General Ledger.

  4. The subledger accounting method need not be assigned to the primary ledger for assigning a subledger accounting method to the adjustments-only secondary ledger.

  5. The subledger accounting method must be assigned to both primary and secondary ledgers to use the adjustments-only secondary ledger for both manual and automated adjustments from subledger accounting.

Answer: C,E

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