Dumps4cert.com : Latest Dumps with PDF and VCE Files
2018 Jan Oracle Official New Released 1z0-216
100% Free Download! 100% Pass Guaranteed!
http://www.Dumps4cert.com/1z0-216.html

Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 151 – (Topic 1)

Select three statuses of the consolidation workbench. (Choose three.)

  1. posted

  2. entered

  3. exported

  4. reversed

  5. transferred

Answer: A,D,E

Question No: 152 – (Topic 1)

Your client has sales tax requirements that involve two types of sales tax. The first sales tax applies to all customers. The second sales tax is based on where the company ships

the goods. All goods are taxable; however some customers who resell the goods are exempted from the second sales tax. Choose three applicable options to set up sales tax for your client. (Choose three.)

  1. tax classification code for exempt tax

  2. item exemptions for both sales taxes

  3. customer exemptions for the first sales tax

  4. customer tax exemptions for the second sales tax

  5. tax group for the combination of the two tax classification codes

Answer: A,D,E

Question No: 153 – (Topic 1)

Which table stores information about contingencies that impact revenue recognition for imported transactions?

  1. RA_INTERFACE_LINES_ALL

  2. AR_INTERFACE_CONTS_ALL

  3. RA_INTERFACE_ERRORS_ALL

  4. RA_INTERFACE_SALESCREDITS_ALL

  5. RA_INTERFACE_DISTRIBUTIONS_ALL

Answer: B

Question No: 154 – (Topic 1)

ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.

  1. Create an account-level reporting currency.

  2. Create a subledger-level reporting currency.

  3. Create a journal-level reporting currency for every transaction.

  4. Create a balance-level reporting currency and run general ledger translation.

Answer: B

Question No: 155 – (Topic 1)

Several fields are required during manual invoice entry. Which are the fields required at the header level?

  1. date, customer, source, type, GL date, legal entity

  2. date, legal entity, bill-to, source, type, class, remit-to

  3. terms, date, bill-to, source, legal entity, type, remit-to

  4. date, customer, source, type, General Ledger (GL) date, class

  5. date, source, class, type, GL date, legal entity, bill-to, terms, remit-to

Answer: E

Question No: 156 – (Topic 1)

Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day of each month.

However, some tenants are required to make the monthly rent payments in two installments, that is on the15th and the last day of the month. Which two statements are correct about the possible solutions for this business requirement? (Choose two.)

  1. Payment term can be set to defer the monthly rent revenue.

  2. Invoicing rules can be set to defer the monthly rent revenue.

  3. Accounting rules can be set to defer the monthly rent revenue.

  4. Payment term can be set to allow customers to make payments in two installments.

  5. Invoicing rules can be set to allow customers to make payments in two installments.

  6. Accounting rules can be set to allow customers to make payments in two installments.

Answer: C,D

Question No: 157 – (Topic 1)

Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

  1. Both budget and actual balances can be consolidated.

  2. Consolidation is possible only when the subsidiaries use multiple Oracle application instances.

  3. You can consolidate balances only when there are separate ledgers for different companies.

  4. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.

Answer: A,D

Question No: 158 – (Topic 1)

Which three data elements default from transaction type in Oracle Receivables? (Choose three.)

  1. legal entity

  2. accounting

  3. sales person

  4. transaction numbering

  5. payment terms (if not set at the customer level)

Answer: A,B,E

Question No: 159 – (Topic 1)

Jane, the GL accountant, comes to you with a requirement: the recurring journals batches must be automatically generated at specified intervals. What would be your response?

  1. Allow Dynamic Insert must be enabled to satisfy this requirement.

  2. Cross-validation rules must be defined to satisfy this requirement.

  3. It is possible to satisfy this requirement by using the autoallocation functionality.

  4. It is not possible to satisfy this requirement; recurring journals must be created manually.

Answer: C

Question No: 160 – (Topic 1)

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

  1. Natural accounts were defined as parent values.

  2. Natural accounts were defined to not allow posting.

  3. Natural accounts were defined with an incorrect account type.

  4. Natural accounts were defined to store both statistical and monetary values.

Answer: C

100% Dumps4cert Free Download!
Download Free Demo:1z0-216 Demo PDF
100% Dumps4cert Free Guaranteed!
1z0-216 Dumps

Dumps4cert ExamCollection Testking
Lowest Price Guarantee Yes No No
Up-to-Dated Yes No No
Real Questions Yes No No
Explanation Yes No No
PDF VCE Yes No No
Free VCE Simulator Yes No No
Instant Download Yes No No

Comments are closed.