[Free] 2018(Jan) EnsurePass Examcollection Oracle 1z0-215 Dumps with VCE and PDF 1-10

Ensurepass.com : Ensure you pass the IT Exams
2018 Jan Oracle Official New Released 1z0-215
100% Free Download! 100% Pass Guaranteed!
http://www.EnsurePass.com/1z0-215.html

Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 1 – (Topic 0)

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: 2 – (Topic 0)

Which three are true about internal bank accounts? (Choose three.)

  1. They are defined to disburse funds to suppliers.

  2. They are defined for receiving payment from customers.

  3. They are defined to disburse electronic payments from your customers.

  4. They are defined for receiving electronic payments made to your suppliers.

  5. Internal accounts define bank accounts for which you are the account holder.

Answer: A,B,E

Question No: 3 – (Topic 0)

Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choose what Sam would have explained to John.

  1. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.

  2. There must be some budgetary control enabled on the stationery account, and a

    transfer can be made only after a funds check.

  3. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a

    funds check.

  4. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80%

of the stationery account and then tried to make the transfer.

Answer: B

Question No: 4 – (Topic 0)

XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

  1. the material account associated with the inventory organization

  2. the AP trade liability account associated with the operating unit

  3. the asset cost account associated with an asset category in Assets

  4. the asset clearing account associated with an asset category in Assets

Answer: D

Question No: 5 – (Topic 0)

In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment.

You are ready to run the FSG Transfer program. What two requirements are necessary to run this program? (Choose two.)

  1. Database links must be defined.

  2. The same ledgers must be defined in both instances.

  3. Enable the FSG: AutoCopy profile option in the production environment.

  4. The same row and column sets must exist in the production environment.

Answer: A,B

Question No: 6 – (Topic 0)

ABC Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty cost centers each time an invoice is received from them. The cost centers that are to be charged require minimal updating. Select the option you would recommend that requires minimal ongoing maintenance.

  1. Import predefined invoices from an Excel spreadsheet.

  2. A customization may be created to allocate the charges at the end of the month.

  3. Create an invoice and use the prorate functionality to allocate the cost across accounts.

  4. Make it an operational policy that all invoices of this type are created listing all the desired accounts.

  5. Create a distribution set for all the desired accounts and associate it to all new invoices for this supplier.

Answer: E

Question No: 7 – (Topic 0)

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR-20XX and ended on 26-APR-20XX. To ensure that all accounting from APR- XX has been sent to General Ledger, they must run two Trial Balance Reports, the Posted Invoice Register, and the Posted Payment Register. What dates must be used to run Accounts Payable Trial Balance Reports?

  1. one run for 26-MAR-20XX and one for 26-APR-20XX

  2. one run for 01-APR-20XX and one for 30-APR-20XX

  3. one run for 27-MAR-20XX and one for 26-APR-20XX

  4. one run for 31-MAR-20XX and one for 30-APR-20XX

Answer: A

Question No: 8 – (Topic 0)

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

  1. updating the period

  2. posting journal entries

  3. consolidating financials

  4. reversing journal entries

  5. translating foreign balances

Answer: A

Question No: 9 – (Topic 0)

Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)

  1. Holds

  2. Actions

  3. Invoice Lines

  4. All Distributions

  5. Scheduled Payments

Answer: A,B,E

Question No: 10 – (Topic 0)

Which four attributes are validated during the Journal Import process? (Choose four.)

  1. period

  2. approval level

  3. balanced journal

  4. cross-validation rule

  5. account combination

  6. journal sequence number

Answer: A,C,D,E

100% Ensurepass Free Download!
Download Free Demo:1z0-215 Demo PDF
100% Ensurepass Free Guaranteed!
1z0-215 Dumps

EnsurePass ExamCollection Testking
Lowest Price Guarantee Yes No No
Up-to-Dated Yes No No
Real Questions Yes No No
Explanation Yes No No
PDF VCE Yes No No
Free VCE Simulator Yes No No
Instant Download Yes No No