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Oracle EBS R12.1 General Ledger Essentials

Question No: 61 – (Topic 1)

Which item CANNOT be queried in the Find Consolidation Process window?

  1. Parent Calendar

  2. Parent Set of Books

  3. Consolidation Status

  4. Parent Period

  5. Elimination Sets

  6. Mapping Sets

  7. Balance Type

Answer: A

Question No: 62 – (Topic 1)

After creating a number of Financial Statement Generator reports, ABC.com wants a list of the definitions for one specific account. Which report should be run to provide that information?

  1. FSG: Content Set Detail Listing

  2. FSG: Report Detail Listing

  3. FSG: Where Used Report

Answer: C

Question No: 63 – (Topic 1)

During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

  1. The journal batch has not been approved.

  2. Funds are in the process of being reserved for the batch.

  3. The source is frozen.

  4. Funds have been reserved for the batch.

  5. The journal batch has not been posted.

Answer: B,C,D

Question No: 64 – (Topic 1)

ABC.com wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year end is March 31. The normal month end is on a Friday, but the last day of each quarter is always on the last day of the quarter#39;s final calendar month. Choose the remaining setup for the calendar to meet the requirement.

  1. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month. Define an adjusting period on the last Friday of each quarter.

  2. Define 12 monthly periods based on the 4-5-4 calendar ending on the last day of each month. Define an adjusting period on the last day of each quarter.

  3. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except for the last month of each quarter ending on the last day of the month. Define an adjusting period for each of the last day of the quarter.

  4. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except for the last month of each quarter that falls on the last day of the month. Define four adjusting periods on March 31 of the fiscal year.

  5. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month. Define four adjusting periods for March 31 of the fiscal year.

Answer: C

Question No: 65 – (Topic 1)

You have the following information:

The Accounting flexfield structure is Company-Department-Product-Account. Product has two rollup groups: Domestic and International.

Department has one rollup group: Manufacturing.

All accounting flexfield segment values can use alphanumeric characters.

Which summary account template would Oracle General Ledger not allow you to create? (D: Detail)

(T: Total)

  1. D-D-D-D

  2. T-Manufacturing-International-D

  3. D-T-Domestic-D

  4. D-Manufacturing-D-T

  5. T-T-T-T

  6. T-D-D-D

Answer: A

Question No: 66 – (Topic 1)

A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item,

and wants to drill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.)

  1. Journal source was not set up to import references.

  2. Journal entry was not posted.

  3. Drilldown was option not added to responsibility.

  4. Journal import was not done.

  5. Journal category was improperly setup.

Answer: A,C

Question No: 67 – (Topic 1)

ABC.com is a global company based in the United States with divisions in North American, Europe and Asia. All of the journal imports, recurring journals, mass allocations and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?

  1. Consolidate to the parent set of books.

  2. Reconcile account balances.

  3. Translate to functional currency.

  4. Open the next period.

  5. Close the current period.

  6. Revalue foreign currency balances.

  7. Run financial reports.

Answer: F

Question No: 68 – (Topic 1)

Which three are part of the Global Consolidation System functionality ? (Choose three.)

  1. View the multilevel structure of your consolidation in a graphical format.

  2. Create consolidated journal entries in both parent and subsidiary set of books as part of the consolidation process.

  3. Define mapping rules to determine how subsidiary account balances roll up into the parent.

  4. View the status and monitor subsidiary account balances for any changes that occur

    after the subsidiary data has been transferred.

  5. Use the IDT to transfer data from Oracle Global Consolidations to external financial feeder systems.

Answer: A,C,D

Question No: 69 – (Topic 1)

For each subledger there should be one .

  1. Account Type

  2. Journal Category

  3. Journal Type

  4. Journal Source

Answer: D

Question No: 70 – (Topic 1)

ABC.com wants to define a consolidation process for its enterprise. It has two sets of books: Set of Books A and Set of Books B.

Both sets of books will use Oracle General Ledger.

Set of Books A has three companies with the same calendar and chart of accounts as Set of Books B.

Set of Books A has USD as its currency.

Set of Books B has four companies with the same chart of accounts and calendar as Set of Books A.

Set of Books B has GPD as its currency. Select the consolidation method.

  1. Interface Data Transformer

  2. Global Intercompany System

  3. Oracle Financial Analyzer

  4. Financial Statement Generator

Answer: D

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