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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: 411 – (Topic 5)

Identify four discount basis options available that define how Receivables calculates discounts.

(Choose four.)

  1. Gross amount

  2. Freight amount

  3. Invoice amount

  4. Lines only amount

  5. Lines and tax amount

  6. Lines, freight, and tax amount

Answer: C,D,E,F

Question No: 412 – (Topic 5)

Your receivables clerk is confused about entering duplicate receipt numbers in Oracle Receivables. According to the organization#39;s policy, the customers check number is entered as the receipt number while entering manual check receipts. There are instances when the same check number is received from different customers. What do you tell your receivables clerk?

  1. Oracle Receivables does not allow entry of duplicate receipt numbers.

  2. Oracle Receivables allows entry of duplicate receipts if the receipts are from the same batch source.

  3. Oracle Receivables allows entry of duplicate receipt numbers if the receipts are from the same customer.

  4. Oracle Receivables allows entry of duplicate receipt numbers if the receipt amount is different from the amount in other receipts with the same receipt number.

  5. Oracle Receivables does not allow entry of duplicate receipt numbers if the receipt number, currency, amount, and customer number in a receipt are identical to those in another receipt.

Answer: E

Question No: 413 – (Topic 5)

The organization that Receivables uses to validate items is set up using .

  1. The AR: Items Flexfield Mode profile option

  2. The AR: Allow Manual Invoice Lines profile option

  3. The AR: Item Validation Organization profile option

  4. Item validation organization in the OM Parameters window

Answer: D

Question No: 414 – (Topic 5)

Before you can create customer invoices, you have to define customers and your remit-to address. Identify five additional setups that are required before you can create invoices in Receivables. (Choose five.)

  1. payment terms

  2. AutoAccounting

  3. Transaction sources

  4. Standard memo line

  5. System and profile options

  6. Receivables transaction types

  7. Customer account relationships

Answer: A,B,C,E,F

Question No: 415 – (Topic 5)

You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?

  1. Assign an invoicing rule with four schedules.

  2. Assign an accounting rule with four schedules.

  3. Assign payment terms that have four payment schedules.

  4. Assign payment terms that have four discount periods defined.

  5. Create four lines and assign different payment terms to each line.

Answer: C

Question No: 416 – (Topic 5)

Select two ways in which you can complete an invoice. (Choose two.)

  1. Use the Complete button in the Transactions window.

  2. Run the concurrent program Complete Transactions.

  3. Select the complete check box in the Transactions window.

  4. Use the Complete button in the Transactions Summary window.

  5. Select the complete check box in the Transactions Summary window.

  6. Ask the technical developer to run a custom PL/SQL program to update all tables.

Answer: A,D

Question No: 417 – (Topic 5)

Identify the three applications that create invoices into Oracle Receivables. (Choose three.)

  1. Oracle Loans

  2. Oracle Projects

  3. Oracle Shipping

  4. Oracle Cash Management

  5. Oracle Lease Management

Answer: A,B,E

Question No: 418 – (Topic 5)

Your client has requirements to enter customers, suppliers, and remit-to addresses in country specific formats for the United States, United Kingdom, and Ireland. Which are the three steps required to set up new flexible address formats in Oracle Applications? (Choose three.)

  1. Creating address style lookup

  2. Creating flexible address code

  3. Setting up the quot;Default Addressquot; profile option

  4. Assigning address style to a specific country

  5. Setting up flexible address format in a descriptive flexfield

Answer: A,D,E

Question No: 419 – (Topic 5)

Identify two correct statements about the transaction flexfields for the Receivables AutoInvoice interface tables. (Choose two.)

  1. Link-to transaction flexfields are used to associate a specific tax line with a specific transaction line.

  2. Reference transaction flexfields are used to associate a specific tax line with a specific transaction line.

  3. Link-to transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment.

  4. Reference transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment.

Answer: A,D

Question No: 420 – (Topic 5)

ABC Company in India exports raw materials to XYZ Company in the USA. There is an outstanding invoice of INR 90,000,000 to be paid in two months. The USD-to-INR rate when the transaction was completed was 45. Now the USD-to-INR rate has changed from 45 to 40.

Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

  1. XYZ Company has a positive impact by this rate change.

  2. ABC Company is not impacted at all by this rate change.

  3. ABC Company has a positive impact by this rate change.

  4. XYZ Company has a negative impact by this rate change.

Answer: B,D

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