[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 11-20

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 11 – (Topic 0)

Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoice over multiple dates. Identify the one invoice field that is NOT used on the Scheduled Payments tabbed page.

  1. due date

  2. bank account

  3. gross amount

  4. trading partner

  5. payment method

  6. system hold reason

Answer: D

Question No: 12 – (Topic 0)

Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night. A descriptive flexfield called SAI Value has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called SAI Hold, which is manually applied whenever an invoice is created and the SAI Value has not been provided to Company Z by the supplier. During weekly reviews of accounting, users have found that invoice transactions that are on SAI Hold are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.

  1. Invoices have not been validated.

  2. The current General Ledger period is closed.

  3. The current Project Accounting period is closed.

  4. The Payables Accounting process has not been run.

  5. Accounting is not being created by the user-defined hold.

  6. The descriptive flexfield field must be a required field, and not an optional field.

Answer: E

Question No: 13 – (Topic 0)

There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)

  1. Loans

  2. Purchasing

  3. Bill of Materials

  4. E-Business Tax

  5. Order Management

  6. Cash Management

  7. System Administrator

Answer: A,B,D,F

Question No: 14 – (Topic 0)

Select four tips that can be used to speed up data entry. (Choose four)

  1. Use quick invoices.

  2. Use distribution sets.

  3. Use recurring invoices.

  4. Use keyboard shortcuts.

  5. Use only invoices without holds.

Answer: A,B,C,D

Question No: 15 – (Topic 0)

Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)

  1. AP liability account

  2. accrual charge account

  3. receiving accrual account

  4. accrued Payables account

  5. receiving inventory account

  6. expense AP accrual account

  7. inventory AP accrual account

Answer: A,F,G

Question No: 16 – (Topic 0)

Identify the three reports that can be processed using the State Controller window. (Choose three.)

  1. Consolidation Audit

  2. Consolidations Journal

  3. Consolidation Financial

  4. Consolidation Exceptions

  5. Consolidation Balance Inquiry

Answer: A,B,D

Question No: 17 – (Topic 0)

ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automated adjustments. The New Delhi office does not need a complete ledger to perform management or statutory reporting. Which four statements are true in the given scenario? (Choose four.)

  1. The Mumbai ledger is an adjustment-only secondary ledger.

  2. Perform all adjustments in the Mumbai ledger.

  3. Perform all day-to-day transactions in the New Delhi ledger.

  4. Use ledger sets to combine transaction data and adjustment data.

  5. Perform all day-to day-transactions and adjustments in the New Delhi ledger.

  6. Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.

Answer: A,B,C,D

Question No: 18 – (Topic 0)

You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France. The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals. What would be the minimum number of setups needed to meet this need?

  1. four

  2. two

  3. one

  4. three

Answer: D

Question No: 19 – (Topic 0)

Identify two places where you can define a legal entity. (Choose two.)

  1. set of books

  2. data access set

  3. Legal Entity Configurator

  4. HRMS organization setup

  5. Accounting Setup Manager

Answer: C,E

Question No: 20 – (Topic 0)

Identify three E-Business Tax setup options. (Choose three.)

  1. set up supplier

  2. set up tax regimes

  3. set up tax recovery rates

  4. set up taxes and tax rates

  5. set up currency exchange

Answer: B,C,D

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