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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 51 – (Topic 0)

Select four mandatory requirements for creating ledgers in Oracle General Ledger. (Choose four.)

  1. currency

  2. period types

  3. operating units

  4. chart of accounts

  5. accounting method

  6. accounting calendar

Answer: A,D,E,F

Question No: 52 – (Topic 0)

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: 53 – (Topic 0)

When you enter a journal, the journals in that batch .

  1. must share the same period

  2. must share the same currency

  3. must share the same accounting date

  4. must share both the same period and currency

  5. can have different periods, currencies, and accounting dates

Answer: A

Question No: 54 – (Topic 0)

Your client has set up Oracle Lease Management (OKL) and Oracle Credit Management (OCM) without scoring models. Which three tasks can be successfully completed by Oracle Workflow in OCM without manual intervention? (Choose three.)

  1. creating a case folder

  2. calculating a credit score

  3. creating a credit application

  4. creating a final credit recommendation

  5. sending notifications to the credit scheduler

Answer: A,C,E

Question No: 55 – (Topic 0)

Identify four steps involved in the setup for late charges. (Choose four.)

  1. assigning different policies to your customers

  2. indicating by transaction type if a late charge policy is enforced

  3. enabling late charges in the Receivables System Options form

  4. enabling late charges in the System Profiles form at the user level

  5. deriving accounting from transaction type when late charges are in adjustment format

  6. indicating if a specific invoice should be exempt from late charges at the transaction level

Answer: A,B,C,F

Question No: 56 – (Topic 0)

The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

  1. Update accounting options.

  2. Approve accounting options.

  3. Complete the accounting setup.

  4. Create an accounting setup structure.

Answer: A,C,D

Question No: 57 – (Topic 0)

ABC Enterprise closes its books on March 31st. These activities have been identified to be performed for the closure of books.

  1. post

  2. translate

  3. review

  4. consolidate

  5. revalue

  6. run accounting reports

  7. close accounting period

In which order must these activities be performed?

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

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

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

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

Answer: A

Question No: 58 – (Topic 0)

Identify two correct statements about the transaction flexfields for the Receivables AutoInvoice interface tables. (Choose two.)

  1. Link-to transaction flexfields are used to associate a specific tax line with a specific transaction line.

  2. Reference transaction flexfields are used to associate a specific tax line with a specific transaction line.

  3. Link-to transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment.

  4. Reference transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment.

Answer: A,D

Question No: 59 – (Topic 0)

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

  1. It ensures reapplication of the same rules each time you transfer.

  2. IDT provides greater flexibility by performing no validation on the imported data.

  3. User-defined conditions enable you to control when transformation rules must be applied.

  4. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

  5. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

Answer: A,C,D

Question No: 60 – (Topic 0)

The GL accountant tells you that to minimize maintenance efforts, disabled account code combinations must be automatically deleted from the budget organization periodically. At the same time, if new account code combinations have been defined, these must be automatically added. What would be your response?

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

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

  3. To do this, automatically run the Maintain Budget Organization program periodically.

  4. It is possible to automatically add new account code combinations, but disabled accounts must be deleted manually.

  5. It is possible to automatically delete the disabled account code combinations, but new accounts must be added manually.

Answer: C

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