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

Question No: 331 – (Topic 4)

R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?

  1. start

  2. stop

  3. save

  4. submit

  5. search

  6. subtab

Answer: F

Question No: 332 – (Topic 4)

Identify three options available to manage cash requirements. (Choose three.)

  1. Include Only Due.

  2. Change Pay Groups.

  3. Select Payment Terms.

  4. Select additional Pay Through Days.

  5. Narrow the selection of invoices in pay run.

Answer: A,D,E

Question No: 333 – (Topic 4)

The head office of ABCCorporation is at New York, and it has a branch in Tokyo. Their ledgers have the same chart of accounts and calendar. The New York ledger uses USD, whereas the Tokyo ledger uses JPY as the functional currency. ABC Corporation has a requirement that all its branch transactions-subledger journals, General Ledger journal entries, and balances at Tokyo will have to be routinely reported in USD to New York. As an implementation consultant, which reporting currency conversion would you suggest for ABC Corporation?

  1. Balance-level reporting currency only

  2. Subledger-level reporting currency only

  3. Both journal-level and balance-level reporting currency

  4. Both subledger-level and balance-level reporting currency

Answer: B

Question No: 334 – (Topic 4)

Company A wants to use Oracle Internet Expenses with expense report templates. Identify three true statements for the setup of expense report templates. (Choose three.)

  1. The tax code assigned to an expense item must be Web enabled.

  2. Each expense item must have an expense category assigned to it.

  3. The expense report template must be enabled for Internet Expenses.

  4. The GL account assigned to an expense item must have all accounting flexfield segment values entered.

Answer: A,B,C

Question No: 335 – (Topic 4)

Identify the conditions that must exist before you can apply an advance against an expense report.

  1. The prepayment type is temporary and has been fully applied.

  2. The prepayment type is temporary and has not been fully applied.

  3. The prepayment type is permanent, has been validated, and not canceled.

  4. The prepayment type is permanent and no active holds exist for the prepayment.

Answer: B

Question No: 336 – (Topic 4)

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these options at the Event Class, Configuration Owner, or Tax level.

Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common capability is found?

  1. Allow Tax Recovery

  2. Allow Withholding Tax

  3. Allow Manual Tax Only Lines

  4. Allow Entry of Manual Tax Lines

  5. Allow Override for Calculated Tax Lines

  6. Allow Recalculation for Manual Tax Lines

    Answer: E

    Question No: 337 – (Topic 4)

    To transmit an electronic payment instruction manually, perform these four steps.

    1. In the Payments Manager, select the Payment Instruction tab.

    2. In the Status field of the Search region, select Formatted – Ready for Transmission and click the Go button.

    3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: lt;numbergt; page is displayed.

    4. From the Actions drop-down list, select Transmit and click the Go button. Arrange the steps in the proper sequence they would be performed.

      A. 1, 3, 2, 4

      B. 1, 2, 3, 4

      C. 1, 3, 4, 2

      D. 2, 3, 4, 1

      Answer: B

      Question No: 338 – (Topic 4)

      Identify two statements that apply to Oracle Collections. (Choose two.)

      1. It is a Web-based self-service application.

      2. It can be used to place an invoice in dispute.

      3. It enables customers to see their own Oracle Receivables account information, such as balances.

      4. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.

Answer: B,D

Question No: 339 – (Topic 4)

To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate and enable quot;Set as Offset Taxquot;?

  1. taxes

  2. tax rules

  3. tax rates

  4. tax statuses

  5. tax regimes

Answer: A

Question No: 340 – (Topic 4)

E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implement accrual-based accounting recoverable tax, four setups are needed. (Choose four.)

  1. Enable quot;Set as offset tax.quot;

  2. Enable quot;Allow tax recovery.quot;

  3. Set the default recovery settlement option to quot;Deferred.quot;

  4. Define tax accounts, tax expense, recoverable tax, and interim tax.

  5. Enable the default recovery settlement options at the regime, tax, tax status, or tax rate levels.

Answer: B,C,D,E

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