[Free] 2018(Jan) EnsurePass Examcollection Oracle 1z0-216 Dumps with VCE and PDF 111-120

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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 111 – (Topic 1)

Identify two correct statements regarding a primary ledger. (Choose two.)

  1. Defining a primary ledger is not mandatory.

  2. A primary ledger is the main record-keeping ledger.

  3. Multiple legal entities can be linked to one primary ledger.

  4. Multiple primary ledgers can be linked to one secondary ledger.

  5. Multiple primary ledgers are required for one accounting setup always.

Answer: B,C

Question No: 112 – (Topic 1)

An easy methodology to clarify how to define rollup groups for the summary account is to

.

  1. look at industry standards

  2. review detailed financial reports

  3. sketch the summarization levels

  4. discuss it with all levels of management within the organization

Answer: C

Question No: 113 – (Topic 1)

Which profile option must be enabled to allow you to change the tax code on the transaction line in Receivables?

  1. eBtax: Allow Manual Tax Lines

  2. eBtax: Inventory item for Freight

  3. eBtax: Allow Ad Hoc Tax Changes

  4. eBtax: Allow Override of Customer Exemptions

Answer: C

Question No: 114 – (Topic 1)

You are defining FSG reports to be used by different users for your customer.

One of the customer requirements is that some users must be able to modify the report definition, some users must be able to only view the report definition, and other users can modify, view, and submit the report.

Which solution must be implemented to meet the customer requirement?

  1. Define a separate data set for each FSG user and grant them privileges accordingly.

  2. Define a separate ledger set for each FSG user and grant them privileges accordingly.

  3. Define security rules and specify what actions can be performed by each user or a group of users.

  4. Define definition access sets and specify what actions can be performed for a user or group of users.

  5. Set up profile options for each user and specify what actions can be performed by each user or a group of users.

Answer: D

Question No: 115 – (Topic 1)

AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window. Identify the correct sequential combination of steps that are executed while running the AutoLockbox concurrent process in Oracle Receivables.

  1. enter receipts, validate data, apply QuickCash

  2. import bank file, validate data, post QuickCash

  3. import bank file, enter receipts, validate QuickCash

  4. enter receipts, import bank file, validate data, post QuickCash

  5. enter receipts, import bank file, validate data, post QuickCash, apply receipts

Answer: B

Question No: 116 – (Topic 1)

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: 117 – (Topic 1)

Identify a correct statement about profile classes.

  1. Credit checking is managed in Receivables and Credit Management.

  2. Late charge type includes adjustment, debit memo, and interest invoice.

  3. Profile classes can be assigned to party, customer account, and account site levels.

  4. Profile classes can be assigned at the site level if the site has active bill-to and ship-to address purposes.

  5. Profile classes include credit check, credit collector, payment term, statement cycle, and statement-to address.

Answer: B

Question No: 118 – (Topic 1)

ABC Corporation is a national company with five divisions that share the same ledger. Select the statement that best describes the consolidation process for ABC Corporation.

  1. Transfer data and run financial reports.

  2. Enter eliminating journals and run financial reports.

  3. Run translations, transfer data, and run financial reports.

  4. Run revaluation and translation, transfer data, and run financial reports.

  5. Run revaluation, translation, and eliminations; then transfer data and run financial reports.

Answer: B

Question No: 119 – (Topic 1)

Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.

  1. adjustment

  2. earned discount

  3. unearned discount

  4. miscellaneous cash

Answer: D

Question No: 120 – (Topic 1)

ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to be defined.

  1. five

  2. four

  3. two

  4. one

  5. three

Answer: A

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