[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 121-130

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 121 – (Topic 1)

Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

  1. Download Web ADI.

  2. Create the database link.

  3. Determine the data to be reported.

  4. Define attributes for rows and columns.

  5. Decide which rows and columns will make up the report.

Answer: C,D,E

Question No: 122 – (Topic 1)

Which three activities would use summary accounts? (Choose three.)

  1. creating a monthly recurring standard journal entry to amortize goodwill

  2. allocating the total monthly costs of the Information Services department to other departments

  3. estimating a sales commission accrual based on the total of all product sales for each division

  4. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Answer: B,C,D

Question No: 123 – (Topic 1)

Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval, he wants his assistant accountants to NOT be able to update this budget. What would be your response?

  1. The budget status must be current.

  2. Set the budget status to frozen to meet this need.

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

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

Answer: B

Question No: 124 – (Topic 1)

Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?

  1. System Options

  2. Financial Options

  3. Payables Options

  4. Purchasing Options

  5. Payables System Setup Options

Answer: D

Question No: 125 – (Topic 1)

Select the four activities that are NOT part of the Payables closing process. (Choose four.)

  1. confirm payment batches

  2. close the Payables period

  3. close the General Ledger period

  4. process period-end receipt accruals

  5. review the Uninvoiced Receipts Report

  6. process the remaining Inventory transactions

Answer: C,D,E,F

Question No: 126 – (Topic 1)

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)

  1. canceling invoices

  2. performing receiving

  3. scheduling payments

  4. creating purchase orders

  5. creating purchase order detailed accounting information

Answer: B,D,E

Question No: 127 – (Topic 1)

ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto#39;s books. What conversion method would you use?

  1. Use journal-level secondary ledger conversion.

  2. Use subledger-level secondary ledger conversion.

  3. Use adjustment-level secondary ledger conversion.

  4. Use both subledger-level and adjustment-level secondary ledger conversion.

Answer: A

Question No: 128 – (Topic 1)

XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is quot;product.quot; Select the element that would meet this need.

  1. row set

  2. row order

  3. content set

  4. column set

Answer: B

Question No: 129 – (Topic 1)

What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)

  1. The invoice has no holds.

  2. The invoice must be posted to General Ledger.

  3. The invoice has been transferred to General Ledger.

  4. The invoice distribution has quot;Track as Assetquot; selected.

  5. The distribution account is an Asset Clearing or CIP account.

Answer: C,D,E

Question No: 130 – (Topic 1)

Which is the final step in processing a payment batch?

  1. Cancel the payment batch.

  2. Confirm the payment batch.

  3. Validate the payment batch.

  4. Run the create accounting process.

  5. Transfer the batch to General Ledger.

Answer: B

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