[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-516 Dumps with VCE and PDF Download 51-60

Ensurepass.com : Ensure you pass the IT Exams 2018 Jan Oracle Official New Released 1z0-516
100% Free Download! 100% Pass Guaranteed!
http://www.EnsurePass.com/1z0-516.html

Oracle EBS R12.1 General Ledger Essentials

Question No: 51 – (Topic 1)

Which five statements are true about the elements required for a set of books? (Choose five.)

  1. The same segment security rules apply to all segments that use the same value sets and have security enabled, although you can choose to assign the security rules to specific responsibilities.

  2. Multiple chart of accounts structures can share the same value sets.

  3. It is technically possible to use the same balancing segment value in multiple sets of books.

  4. Each set of books must have its own unique accounting calendar defined.

  5. Period Type Calendar results in fiscal year being used in the system name of accounting periods.

  6. General Ledger converts amounts in a foreign currency to functional currency by using Corporate rate type only.

  7. Adjusting periods are used for journal entries originating in General Ledger only.

  8. Enable the appropriate functional currency before you define a set of books.

Answer: A,B,C,G,H

Question No: 52 – (Topic 1)

ABC.com, the GL accountant, comes to you and asks whether she can use the Constant

(C) segment type with parent segment values while defining the mass allocation formula. What is your response?

  1. Allow Dynamic Insert must be enabled, and then you can do this.

  2. Whether you can do this depends on the responsibility.

  3. Whether you can do this depends on the formula.

  4. You can only do so if there is a summary account associated with the parent.

  5. You can customize the workflow, and then you can do this.

Answer: D

Question No: 53 – (Topic 1)

Which rule has to be applied when using summary accounts to create a Mass Allocation journal?

  1. Constant (C) must be assigned to each rollup group used in the formula line.

  2. Summary accounts cannot be used in the generation of mass allocation journals.

  3. Summing (S) must be assigned to each rollup group used in the formula line, so that the related child values will be summarized.

  4. Looping (L) must be assigned to each rollup group used in the formula line, so that associated child values will be incorporated in the calculation.

Answer: A

Question No: 54 – (Topic 1)

Identify the two setups that control the defaulting of Tax Information on a journal entry. (Choose two.)

  1. Set of Books

  2. Journal categories

  3. Account

Answer: A,C

Question No: 55 – (Topic 1)

A client has a requirement to allocate the rent and other expenses to all the departments based on the formula defined in GL Mass Allocation. Mario, the GL accountant, comes to you and asks whether the Mass Allocation program checks cross-validation rules, because this checking would help to prevent the creation of invalid accounts. What is your

response?

  1. Whether or not the program checks cross-validation rules depends on the formula.

  2. Allow Dynamic Insert must not be enabled, and then the program can check cross- validation rules.

  3. You can customize the workflow, to enable the program to check cross-validation rules.

  4. The program does NOT check cross-validation rules.

Answer: D

Question No: 56 – (Topic 1)

Exhibit:

Ensurepass 2018 PDF and VCE

You work as a DBA for ABC.com. Please study the exhibit carefully.

You are implementing Oracle General Ledger at ABC.com#39;s site. ABC.com is based in the

U.S. but has a global presence in many countries worldwide, and has transactions in multiple currencies.

The implementation team decides that Oracle General Ledger multi currency setup will be part of the implementation.

ABC.com#39;s Chief Financial Officer wants a system which has features are displayed in the exhibit.

Which of the requirements can be satisfied with the implementation?

  1. All requirements from I to V can be satisfied.

  2. I, II amp; III only

  3. I, II, III amp; IV only

  4. I, II, IV amp; V only

Answer: A

Question No: 57 – (Topic 1)

You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the

U.S. but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. The company#39;s management in the U.S. wants to see all the transactions in U.S. dollars, whereas the management in Europe wants to see the transactions in euros. The CFO has stated this requirement: While entering the daily transactions the user should have the ability to enter the current exchange rate, but at month end the assets and liabilities in euros could be converted into U.S. dollars at the monthly average exchange rate. Can this requirement be satisfied?

  1. Account generator needs to be customized to satisfy this requirement.

  2. Oracle GL does not support this functionality.

  3. Oracle GL provides this functionality and there is no problem in satisfying the requirement.

  4. Workflow needs to be customized to satisfy this requirement.

Answer: C

Question No: 58 – (Topic 1)

The GL user entered a taxable journal and posted it. Later the user realizes that he entered a wrong tax code. What should he do?

  1. delete the journal and re-enter it

  2. modify the tax code at the line level

  3. enter another journal with the difference in the tax amount

  4. reverse and re-enter the journal

  5. unpost the journal and re-enter it

Answer: D

Question No: 59 – (Topic 1)

All of the manual journal entries are defaulting to a non current period. Which step was omitted from the accounting cycle?

  1. Post Journal Entries

  2. Update Period

  3. Consolidate Financials

  4. Translated Foreign Balances

  5. Reverse Journal Entries

Answer: B

Question No: 60 – (Topic 1)

ABC.com is getting ready to complete its month-end process. It needs to create a profit and loss statement and it wants to use the Financial Statement Generator feature to create the report. Which two elements are required to create the report? (Choose two.)

  1. Workbook

  2. Column Set

  3. Row Set

  4. Content Set

  5. Report Set

Answer: B,C

100% Ensurepass Free Download!
Download Free Demo:1z0-516 Demo PDF
100% Ensurepass Free Guaranteed!
1z0-516 Dumps

EnsurePass 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

Add a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.