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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 141 – (Topic 1)

After creating two new customers, ABC and XYZ, you create and complete an invoice for

$105 ($100 plus $5 tax) for customer ABC. You print the invoice and realize that you should have created the invoice for customer XYZ and not for customer ABC. The accounting for the transaction is posted to the General Ledger (GL).

Which is the best option to correct the situation?

  1. Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to the account of XYZ.

  2. Create an on-account credit memo for $105 for ABC. Apply the on-account credit memo to the invoice. Enter and complete the invoice for XYZ.

  3. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transaction type that has class equal to credit memo. Complete the invoice. Enter and complete the invoice for XYZ.

  4. From the Navigator, select Transactions gt; Credit Transactions. The Credit Transactions form is displayed; choose your transaction. Click the Credit Balance button, save your work, and then click the Complete button. Enter and complete the invoice for XYZ.

Answer: D

Question No: 142 – (Topic 1)

Which four transactions are imported by AutoInvoice? (Choose four.)

  1. invoices

  2. deposits

  3. guarantees

  4. debit memos

  5. credit memos

  6. on-account credits

Answer: A,D,E,F

Question No: 143 – (Topic 1)

Identify three profile options that affect the integration of Oracle Receivables with other Oracle applications. (Choose three.)

  1. OM: Item Flexfield

  2. EB Tax: Inventory Item for Freight

  3. AR: Application GL Date Default

  4. EB Tax: Invoice Freight as Revenue

  5. AR: Change Customer on Transaction

Answer: A,B,D

Question No: 144 – (Topic 1)

ABC company and XYZ company are both customers. Last month XYZ company purchased ABC company.

ABC company has hundreds of over-due invoices outstanding. According to the credit department, the layoffs at ABC, following the merger, are responsible for the over-due invoices. Both ABC and XYZ companies are making frequent requests for reprinted invoices of ABC company. There will be no new business with ABC company. However, it will take another three months to respond to the numerous requests for reprinted invoices and ABC company will continue to be charged late fees.

How should you handle the merger of ABC company and XYZ company in Oracle Receivables during your first month end after their merger?

  1. Inactivate ABC company.

  2. Place ABC company on credit hold.

  3. Invoice XYZ company for the invoices of ABC company.

Answer: B

Question No: 145 – (Topic 1)

Your client has requirements to enter customers, suppliers, and remit-to addresses in country-specific formats for the United States, United Kingdom, and Ireland. Which are the three steps required to set up new flexible address formats in Oracle Applications? (Choose three.)

  1. creating address style lookup

  2. creating flexible address code

  3. setting up the quot;Default Addressquot; profile option

  4. assigning address style to a specific country

  5. setting up flexible address format in a descriptive flexfield

Answer: A,D,E

Question No: 146 – (Topic 1)

Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year.

The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.

  1. prior year budget monetary and prior year budget statistical

  2. prior year actual monetary and current year budget statistical

  3. prior year budget monetary and current year budget statistical

  4. current year actual monetary and current year actual statistical

  5. current year budget monetary and current year budget statistical

Answer: A

Question No: 147 – (Topic 1)

You can define a credit hierarchy of parties and party relationships to consolidate and display all credit data for the entire hierarchy in Credit Management. Which profile option should be set to enable this functionality?

  1. HZ: Allow Hierarchy Copy

  2. AR: Credit Hierarchy Type

  3. OSC: Reporting Hierarchy

  4. HR: BIS Reporting Hierarchy

  5. Exchange Protocol: Allow Hierarchy

Answer: B

Question No: 148 – (Topic 1)

All remittance bank details are created and maintained in .

  1. Oracle Payables

  2. Oracle Purchasing

  3. Oracle Receivables

  4. Oracle Cash Management

  5. Oracle Trade Management

  6. Oracle Lease Management

Answer: D

Question No: 149 – (Topic 1)

Identify the three applications that create invoices into Oracle Receivables. (Choose three.)

  1. Oracle Loans

  2. Oracle Projects

  3. Oracle Shipping

  4. Oracle Cash Management

  5. Oracle Lease Management

Answer: A,B,E

Question No: 150 – (Topic 1)

Identify three tables that can be used to import billing data into Oracle Receivables. (Choose three.)






Answer: A,D,E

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