[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 141-150

Ensurepass.com : Ensure you pass the IT Exams
2018 Jan Oracle Official New Released 1z0-215
100% Free Download! 100% Pass Guaranteed!
http://www.EnsurePass.com/1z0-215.html

Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 141 – (Topic 1)

The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that an entry related to the Dec-04 period has not been entered. Dec-04 has a closed status. Now that the user has all the approvals, he or she wants to know how to enter and post the journal in GL, ensuring that all balances are reflected correctly. What must the user do?

  1. Open Dec-04; enter and post the journal; close the period.

  2. Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close all periods.

  3. Open Dec-04; enter and post the journal; run the Trial Balance report; close the period.

  4. The user cannot post to a prior period that is not in the current fiscal year. So, enter and post it in Mar-05.

Answer: C

Question No: 142 – (Topic 1)

Which journal entry type does General Ledger automatically reverse and post?

  1. actuals

  2. budgets

  3. actuals and budgets

  4. budgets and encumbrance

  5. actuals, budgets, and encumbrance

Answer: A

Question No: 143 – (Topic 1)

Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)

  1. Define operating units.

  2. Update accounting options.

  3. Complete the accounting setup.

  4. Define intercompany balancing rules.

  5. Create the accounting setup structure.

  6. Assign balancing segment values to legal entities.

Answer: B,C,E

Question No: 144 – (Topic 1)

Identify two types of inquiries that are possible on ledger sets. (Choose two.)

  1. variance inquiry

  2. summary template and summary account inquiries

  3. a budget balance inquiry to view the budgeted figures

  4. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set

  5. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set

Answer: D,E

Question No: 145 – (Topic 1)

Which two statements correctly describe the translation process? (Choose two.)

  1. You can rerun the translation process more than once per period.

  2. With the translation process, you can translate only year-to-date amounts.

  3. If you rerun the translation process, it adds more data to the previous translated amounts.

  4. Translation for a subsidiary can be initiated from the parent by clicking the state controller translate button.

Answer: A,D

Question No: 146 – (Topic 1)

At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to GL. The current Payables period has been closed. The Accounts Payable Trial Balance (last day of prior period) Posted Invoices – Posted Payments equals the Accounts Payable Trial Balance (last day of current period). However, the balance in the AP liability account in GL for the current period does not equal the Accounts Payable Trial Balance (last day of the current period). What is the possible reason?

  1. Inventory has not closed for the current period.

  2. Purchasing has not closed for the current period.

  3. Period-end accrual journals have been reversed in GL.

  4. Manual journals have been posted to the AP liability account in the current period in GL.

Answer: D

Question No: 147 – (Topic 1)

Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)

  1. standard

  2. prepayment

  3. debit memos

  4. credit memos

Answer: A,D

Question No: 148 – (Topic 1)

When you validate an invoice in Payables, E-Business Tax automatically performs four tasks. (Choose four.)

  1. creates distributions

  2. recalculates tax lines

  3. allocates tax amounts

  4. places tax-related holds on the invoice

  5. updates imported invoices into Payables

Answer: A,B,C,D

Question No: 149 – (Topic 1)

There are many fields with important data displayed on the main page of the Payables Overview window. Which three fields do NOT appear in the Payables Overview main window? (Choose three.)

  1. Terms

  2. Paygroup

  3. Trading Partner

  4. Settlement Date

  5. Remit-To Bank Account Name

Answer: A,B,E

Question No: 150 – (Topic 1)

At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for AP have run and the Payables journals (purchase invoices and payments) have been created and posted in GL. Which statement is true?

  1. It is not possible to drill down from GL to Payables.

  2. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.

  3. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals of category payments.

  4. Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from journals of category purchase invoices.

Answer: B

100% Ensurepass Free Download!
Download Free Demo:1z0-215 Demo PDF
100% Ensurepass Free Guaranteed!
1z0-215 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

Leave a Reply

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.