[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-516 Dumps with VCE and PDF Download 301-310

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Oracle EBS R12.1 General Ledger Essentials

Question No: 301 – (Topic 4)

Expense reports for Company A are entered in Payables using the Expense Report form. The accounting flexfield has a three-segment structure:

Company – Cost Center – Account

The employee GL account on the expense report is populated from the employee record. The company and the cost center for the expense lines are derived from the GL account. The account segment value could vary for every line on the expense report. Identify the

approach you recommend to Company A for fast and accurate entry of expense reports.

  1. Enter the expense report header. Enter lines. Enter all segment values for each expense report line.

  2. Enter the expense report header. Enter lines. Override the account segment value for each line as required.

  3. Create expense report templates. Enter the account segment value for each line on the template. Leave the other segment values empty. Use the template lines when entering the expense report.

Answer: C

Question No: 302 – (Topic 4)

Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

  1. Accrual Write-Off Report

  2. Uninvoiced Receipts Report

  3. Accounts Payable Trial Balance

  4. Payables Posted Invoice Register

  5. Payables Posted Payment Register

  6. Matched and Modified Receipts Report

Answer: C

Question No: 303 – (Topic 4)

Choose the process that can be performed after a pay run has been formatted.

  1. Change an invoice amount.

  2. Prevent payment to a supplier.

  3. Print checks from the output file.

  4. Prevent payment of a particular invoice.

  5. Add an invoice that Payables did not originally select.

Answer: C

Question No: 304 – (Topic 4)

Identify three Payables system setup options. (Choose three.)

  1. bill-to location

  2. always take discount

  3. allow void and reissue

  4. create interest invoice

  5. application accounting definitions

Answer: B,C,D

Question No: 305 – (Topic 4)

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR-20XX and ended on 26-APR-20XX. To ensure that all accounting from APR- XX has been sent to General Ledger, they must run two Trial Balance Reports, the Posted Invoice Register, and the Posted Payment Register. What dates must be used to run Accounts Payable Trial Balance Reports?

  1. one run for 26-MAR-20XX and one for 26-APR-20XX

  2. one run for 01-APR-20XX and one for 30-APR-20XX

  3. one run for 27-MAR-20XX and one for 26-APR-20XX

  4. one run for 31-MAR-20XX and one for 30-APR-20XX

Answer: A

Question No: 306 – (Topic 4)

Select the income tax report that is NOT available in the Payables module.

  1. Withholding Tax by Invoice

  2. Withholding Tax by Supplier

  3. Withholding Tax by Payment

  4. Withholding Tax by Supplier Site

Answer: D

Question No: 307 – (Topic 4)

Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)

  1. unpaid invoices

  2. outstanding pay runs

  3. invoices not validated

  4. unaccounted invoices

  5. unpaid expense reports

Answer: B,D

Question No: 308 – (Topic 4)

Identify three statements that are true about E-Business Tax and Payables. (Choose three.)

  1. In E-Business Tax, tax calculations are based on supplier#39;s site defaults.

  2. In E-Business Tax, there is one repository with detailed and fully allocated tax lines.

  3. Payables is not integrated with E-Business Tax to provide tax services for invoices.

  4. With E-Business Tax, you can account for recoverable taxes at the time and to the extent of payment in Payables.

  5. Payables integrates with E-Business Tax to automatically determine and calculate the applicable tax lines for the invoices.

Answer: B,D,E

Question No: 309 – (Topic 4)

In the accrual process for period-end accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.)

  1. processing a receipt

  2. entering a purchase order

  3. running the period-end accrual program

  4. entering invoices and matching them in Payables

Answer: C,D

Question No: 310 – (Topic 4)

Identify three features of Payment Manager. (Choose three.)

  1. updates a supplier#39;s bank details

  2. provides calculation of the interest amount

  3. uses templates to select invoices to pay that meet the payment criteria

  4. creates payment process request templates by specifying invoice selection criteria

  5. automatically submits invoices via payment process requests to Oracle Payments for processing and payment

Answer: C,D,E

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