[Free] 2018(Jan) EnsurePass Examcollection Oracle 1z0-516 Dumps with VCE and PDF 351-360

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Oracle EBS R12.1 General Ledger Essentials

Question No: 351 – (Topic 4)

Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts#39; accrual period-end process.

  1. Accrual Write-Off

  2. Uninvoiced Receipts

  3. Mass Additions Create

  4. Accounts Payable Trial Balance

Answer: B

Question No: 352 – (Topic 4)

Self-assessed tax amounts are taxes that you are liable for, but do not appear on the invoice, such as use tax. To use self -assessed taxes, enable the Set for Self

Assessment/Reverse Charge option when you define the in the Party Tax Profile.

  1. set allow tax recovery

  2. tax registration information

  3. recoverable tax information

  4. set allow manual tax only lines

Answer: B

Question No: 353 – (Topic 4)

Identify three features that speed up data entry. (Choose three.)

  1. data loader

  2. scan invoices

  3. account aliases

  4. customized folders

  5. account distribution sets

    Answer: C,D,E

    Question No: 354 – (Topic 4)

    In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run?

    1. Review unselected invoices.

    2. Change the invoice amount or the discount taken.

    3. Add selected invoices to the payment process request.

    4. Remove selected invoices from the payment process request.

    5. Recalculate interest, payment withholding, or exchange rates.

      1. All actions 1-5.

      2. 1, 3 and 4 only.

      3. 1, 2 and 5 only.

      4. 1, 2, 3 and 4 only.

Answer: B

Question No: 355 – (Topic 4)

A client wants to configure Oracle AP to perform prepayments for matched invoices.

You have been hired as the implementation consultant and have been given the assignment. To complete this assignment, choose the option that applies.

  1. Set up the prepayment terms.

  2. Enable quot;Allow prepaymentsquot; in the Financial Options form.

  3. Enable the Oracle Payables Enable Prepayments profile option.

  4. No additional configuration is required. Users must set up the prepayment when the invoice is created.

  5. No additional configuration is required. Users must set up the prepayment when the payment is created.

Answer: D

Question No: 356 – (Topic 4)

Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?

  1. System Options

  2. Financial Options

  3. Payables Options

  4. Purchasing Options

  5. Payables System Setup Options

Answer: D

Question No: 357 – (Topic 4)

Select the four activities that are NOT part of the Payables closing process. (Choose four.)

  1. confirm payment batches

  2. close the Payables period

  3. close the General Ledger period

  4. process period-end receipt accruals

  5. review the Uninvoiced Receipts Report

  6. process the remaining Inventory transactions

Answer: C,D,E,F

Question No: 358 – (Topic 4)

At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for AP have run and the Payables journals (purchase invoices and payments) have been created and posted in GL. Which statement is true?

  1. It is not possible to drill down from GL to Payables.

  2. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.

  3. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals of category payments.

  4. Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from journals of category purchase invoices.

Answer: B

Question No: 359 – (Topic 4)

Identify three statements that are true about bank and supplier payment. (Choose three.)

  1. Primary bank account can be only at the supplier site.

  2. Credit and debit memos are examples of payment documents.

  3. Supplier#39;s payment requires a bank account with at least one payment document.

  4. Use the Banking Details page to create bank accounts for making payments to suppliers.

  5. If bank accounts for a supplier site are entered, Payables defaults the supplier#39;s active bank accounts.

Answer: C,D,E

Question No: 360 – (Topic 4)

Identify three E-Business Tax setup options. (Choose three.)

  1. set up supplier

  2. set up tax regimes

  3. set up tax recovery rates

  4. set up taxes and tax rates

  5. set up currency exchange

Answer: B,C,D

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