[Free] 2018(Jan) EnsurePass Examcollection Oracle 1z0-215 Dumps with VCE and PDF 21-30

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 21 – (Topic 0)

Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)

  1. ledger

  2. paygroups

  3. legal entities

  4. responsibilities

  5. business groups

Answer: A,C,E

Question No: 22 – (Topic 0)

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: 23 – (Topic 0)

Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choose three.)

  1. Enter transactions and reports in any currency.

  2. Enter exchange rates online and automatically.

  3. Translate only actual but not budgeted balances.

  4. Translate only budgeted but not actual balances.

  5. Use daily, period end, average, and historical rates.

Answer: A,B,E

Question No: 24 – (Topic 0)

Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?

  1. Oracle Assets

  2. Oracle Projects

  3. Oracle Treasury

  4. Oracle Receivables

  5. Oracle Property Manager

Answer: C

Question No: 25 – (Topic 0)

You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)

  1. Enable journal approval for the Journal Category window.

  2. Disable the Journal: Find Approver Method profile option.

  3. Enable the Journal: Allow Preparer Approval profile option.

  4. Configure the GL journal approval process in Oracle Workflow Builder.

Answer: C,D

Question No: 26 – (Topic 0)

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

  1. You can maintain daily rates and historical rates more easily.

  2. You get improved efficiency with the help of the spreadsheet interface.

  3. You can maintain consistency among different currency conversion rates.

  4. Additional security ensures that historical rates can be uploaded to closed or future periods only.

  5. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate


Answer: A,B,C

Question No: 27 – (Topic 0)

When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)

  1. The formula must be identified.

  2. The currency must be identified.

  3. The amount type must be identified.

  4. A debit or credit balance type must be assigned.

Answer: C,D

Question No: 28 – (Topic 0)

ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report is automatically created. Identify three components on which the Create Journal Entries Execution report reports. (Choose three.)

  1. Budget Journals

  2. Posted Journals report

  3. Payables encumbrance entries

  4. Purchasing encumbrance entries

Answer: A,C,D

Question No: 29 – (Topic 0)

Which statement is FALSE about the Stop Payments Report?

  1. Use this report to review all current stop payments.

  2. Payables lists stop payments that were voided at a later time.

  3. Payables does not list stop payments that were voided at a later time.

  4. Payables does not list stop payments that were initiated, but then released at a later time.

    Answer: B

    Question No: 30 – (Topic 0)

    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

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