[Free] 2018(Jan) EnsurePass Examcollection Oracle 1z0-215 Dumps with VCE and PDF 31-40

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 31 – (Topic 0)

Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.

  1. System Options

  2. Financial Options

  3. Code Set Options

  4. Payables Options

  5. Expense Report Payables Options

Answer: E

Question No: 32 – (Topic 0)

Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts, invoices, accruals, and expense reports. The client must have much of this information loaded into Oracle Accounts Payable daily until they can effectively retire these three systems. Identify the best approach that involves minimal customization.

  1. Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in other information.

  2. Use Invoice Import to bring in invoice and invoice accrual information. The rest requires custom interfaces to be developed.

  3. Use Invoice Gateway to bring in invoice information, and Supplier Import for suppliers. The rest requires custom interfaces to be developed.

  4. Use Invoice Import to bring in all the above information after setting the correct profile options and defining the appropriate AP and non-AP

    transaction sources. No custom interfaces are needed.

  5. Use Invoice Gateway to bring in the invoice, invoice accrual, and expense report information; and Supplier Import to bring in supplier

information. The rest requires custom interfaces to be developed.

Answer: A

Question No: 33 – (Topic 0)

Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to

minimize the effort. (Choose three.)

  1. Use the divide evenly rule with the 4/4/4 spread.

  2. Use the divide evenly rule with the 4/5/4 spread.

  3. Use the divide evenly rule with the 5/4/4 spread.

  4. Use the divide evenly rule with the 4/4/5 spread.

Answer: B,C,D

Question No: 34 – (Topic 0)

Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

  1. balancing segment

  2. cost center segment

  3. management segment

  4. natural account segment

  5. secondary tracking segment

Answer: A,D

Question No: 35 – (Topic 0)

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

  1. Tolerances are enforced.

  2. The quantity billed is updated.

  3. The quantity received is updated.

  4. The purchase order accounting information is copied to the invoice.

Answer: B,D

Question No: 36 – (Topic 0)

How do you know funds are available in the budgetary control summary account template?

  1. when the result is less than one, regardless of the balance type

  2. when the result is greater than one, regardless of the balance type

  3. when the debit balance type has a positive amount, and the credit balance type has a

    negative balance

  4. when the debit balance type has a negative amount, and the credit balance type has a positive amount

Answer: C

Question No: 37 – (Topic 0)

ABC Inc. 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. Select the remaining setup for the calendar to meet the requirement.

  1. defining 12-monthly periods based on the 4-5-4 calendar ending on the last day of each month; defining an adjusting period on the last day

    of each quarter

  2. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; defining four adjusting periods for March

    31 of the fiscal year

  3. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; defining an adjusting period on the last

    Friday of each quarter

  4. defining 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; defining an adjusting period for each of the last day of the quarter

Answer: D

Question No: 38 – (Topic 0)

Which two are true about elimination? (Choose two.)

  1. You can define balancing options for eliminating entries.

  2. You can define an elimination set to contain one elimination entry.

  3. Currency is an optional component when defining an elimination set.

  4. You must specify an elimination company in the Elimination Sets window.

Answer: A,B

Question No: 39 – (Topic 0)

Select three types of Payables open interfaces that will import data into Payables from other applications or third-party solutions. (Choose three.)

  1. PCard Open Interface

  2. Supplier Open Interface

  3. Matching Open Interface

  4. Receiving Open Interface

  5. Payments Open Interface

Answer: A,B,C

Question No: 40 – (Topic 0)

Identify three prerequisites for the Payables period-close process. (Choose three.)

  1. resolving holds

  2. reconciling bank statements

  3. updating matured bills payable

  4. completing all receipt processing

  5. confirming or canceling all pay runs

  6. making adjustments to supplier invoices interfaced to Projects

Answer: A,C,D

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