[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-516 Dumps with VCE and PDF Download 161-170

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Oracle EBS R12.1 General Ledger Essentials

Question No: 161 – (Topic 2)

Which five do you need to define to meet the minimum pre-requisites to create a set of books? (Choose five.)

  1. a retained earnings account

  2. an accounting calendar

  3. a translation adjustment account

  4. the functional currency (or a seeded currency)

  5. an encumbrance account

  6. a chart of accounts structure

  7. a suspense account

  8. a transaction calendar

  9. at least one value for each segment of the chart of accounts

Answer: A,B,D,F,I

Question No: 162 – (Topic 2)

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: 163 – (Topic 2)

ABC.com has many parent segment values with a large number of child values in each parent. ABC.com is having problems running reports. Which profile option would enable better performance?

  1. FSG: Enable Search Optimization

  2. FSG: Expand Parent Value

  3. FSG: Enforce Segment Value Security

Answer: A

Question No: 164 – (Topic 2)

ABC.com wants to ensure that no changes are made to unposted journals that come in from their subledgers. At which setup can you control this?

  1. journal approval

  2. journal categories

  3. set of books

  4. journal sources

  5. This is not possible, because changes can be made before posting.

Answer: D

Question No: 165 – (Topic 2)

Select two actions available in Oracle General Ledger. (Choose two.)

  1. deleting posted journals

  2. exporting data to subsidiary ledgers

  3. importing data from subsidiary ledgers

  4. consolidating balances in subsidiary ledgers

  5. consolidating balances from multiple ledgers

Answer: C,E

Question No: 166 – (Topic 2)

Select two actions that ledger sets permit. (Choose two.)

  1. performing variance inquiries

  2. being used for mass budgets

  3. sending budget balance inquiries

  4. viewing account balances for multiple ledgers in one view

  5. grouping multiple ledgers that share the same chart of accounts and calendar

Answer: D,E

Question No: 167 – (Topic 2)

Select three levels where additional reporting currency representations can be maintained. (Choose three.)

  1. batch

  2. journal

  3. balance

  4. subledger

Answer: B,C,D

Question No: 168 – (Topic 2)

Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board of directors of the company. ABC Company engages in many exports and import activities and follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott requests George, the head accountant of the company, to revalue all foreign currency transactions done during the year. Select two

prerequisites that George must comply with to ensure that the revaluation is done as desired. (Choose two.)

  1. Define accounts for realized gains and realized losses.

  2. Define accounts for unrealized gains and unrealized losses.

  3. Define the weights for each currency used for doing transactions.

  4. Define a batch under which the revaluation journals would be stored.

  5. Define a revaluation rate for each currency for each period or date for which the revaluation must be run.

Answer: B,E

Question No: 169 – (Topic 2)

An auditor has asked the payables manager to provide detail that supports the Oracle Payables Liability amount listed on the balance sheet. Which report would best meet the auditor#39;s request?

  1. Accounts Payable Trial Balance

  2. Posted Invoice Register

  3. Payables Account Analysis Report

  4. Payable Accounting Entries Report

  5. Accrual Reconciliation Report

Answer: A

Question No: 170 – (Topic 2)

After discussions with the client, the implementation team decides that the GL Autoallocation functionality would help satisfy the clients requirements to automatically allocate the rent and other expenses to all the departments based on the defined formula. The GL accountant comes to you with a requirement that the approver of the journal should be automatically informed once the journal is generated. What is your response?

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

  2. Dynamic Insert must be enabled to satisfy this requirement.

  3. Autoallocation uses Workflow, so there is no problem in satisfying this requirement.

  4. It is not possible to satisfy this requirement.

Answer: C

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