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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 71 – (Topic 0)

BT Inc. is implementing Oracle Accounts Receivable to interface with an external non- Oracle legacy billing system. The client wants Receivables to generate accounting entries, instead of sending accounting data through the interface. Identify four setup items that are used by Receivables to generate the General Ledger (GL) code combinations. (Choose four.)

  1. AutoAccounting

  2. transaction type

  3. accounting rules

  4. transaction source

  5. customer bill-to site

  6. standard memo line

Answer: A,B,E,F

Question No: 72 – (Topic 0)

XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and China. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments. All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained. Identify the number of legal entities to be created and the number of accounting setups.

  1. Create one legal entity and four accounting setups.

  2. Create four legal entities and one accounting setup.

  3. Create two legal entities and four accounting setups.

  4. Create four legal entities and four accounting setups.

Answer: D

Question No: 73 – (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: 74 – (Topic 0)

    Choose the correct sequence of events taking place in the data access set setup process.

    1. Define a legal entity.

    2. Define ledger sets.

    3. Define data access sets.

    4. Define a secondary ledger.

    5. Define a primary ledger.

    6. Assign a data access set to responsibilities.

    7. Define operating units.

      A. 1, 7, 5, 4, 2, 3, 6

      B. 1, 2, 3, 4, 5, 6, 7

      C. 1, 7, 4, 5, 3, 2, 6

      D. 1, 7, 3, 2, 5, 4, 6

      Answer: A

      Question No: 75 – (Topic 0)

      Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

      1. ledgers

      2. operating units

      3. data access sets

      4. definition access sets

      5. subledger accounting method

Answer: A,E

Question No: 76 – (Topic 0)

A debit memo reversal must be utilized to reverse the receipt if .

  1. receipt is a non-invoice-related receipt

  2. receipt has an open claim associated with it

  3. receipt has been reconciled in Cash Management

  4. receipt has a remitted credit card refund application

Answer: D

Question No: 77 – (Topic 0)

XYZ Company has disabled the Receivables Profile Option quot;AR: Disable Receivable Activity Balancing Segmentquot;. What must be defined in order for the General Ledger Transfer process to execute without error?

  1. gain account

  2. revenue account

  3. expense account

  4. rounding account

  5. suspense account

Answer: E

Question No: 78 – (Topic 0)

Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval, he wants his assistant accountants to NOT be able to update this budget. What would be your response?

  1. The budget status must be current.

  2. Set the budget status to frozen to meet this need.

  3. The Oracle General Ledger budget functionality cannot satisfy this requirement.

  4. If the client wants to do this, customization of Oracle Workflow is the only option.

Answer: B

Question No: 79 – (Topic 0)

Select two ways in which you can complete an invoice. (Choose two.)

  1. Use the Complete button in the Transactions window.

  2. Run the concurrent program Complete Transactions.

  3. Select the complete check box in the Transactions window.

  4. Use the Complete button in the Transactions Summary window.

  5. Select the complete check box in the Transactions Summary window.

  6. Ask the technical developer to run a custom PL/SQL program to update all tables.

Answer: A,D

Question No: 80 – (Topic 0)

Your client has requested that you set up gapless numbering for its invoices. In your testing, you realized that the numbers for deleted invoices were missing from the sequence. How would you prevent that problem?

  1. Reuse deleted invoice numbers.

  2. Do not allow deletion of invoices.

  3. Create a custom report listing deleted invoice numbers.

  4. Select Show Deleted Invoice Numbers in your system options.

Answer: B

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