[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 151-160

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 151 – (Topic 1)

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: 152 – (Topic 1)

Which four attributes are validated during the Journal Import process? (Choose four.)

  1. period

  2. approval level

  3. balanced journal

  4. cross-validation rule

  5. account combination

  6. journal sequence number

Answer: A,C,D,E

Question No: 153 – (Topic 1)

ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to be defined.

  1. five

  2. four

  3. two

  4. one

  5. three

Answer: A

Question No: 154 – (Topic 1)

The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period. You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?

  1. The budget year is open.

  2. The budget status is frozen.

  3. The budget status is current.

  4. The Require Budget Journal profile option is set at the set of books level.

Answer: A

Question No: 155 – (Topic 1)

Which four selection criteria can be used when creating a pay run? (Choose four.)

  1. supplier

  2. due date

  3. customer

  4. pay group

  5. invoice batch

  6. payment priority

Answer: A,D,E,F

Question No: 156 – (Topic 1)

You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxable distributions. You must also adjust .

  1. the number of invoice lines

  2. the total header invoice amount

  3. the amount of another distribution

  4. the self assessed taxes in the Tax Details window

Answer: C

Question No: 157 – (Topic 1)

Identify three statements that properly describe the use of distribution sets. (Choose three.)

  1. Assign a distribution set to an invoice when you enter it.

  2. Use full distribution sets to create distributions with no set percentage amounts.

  3. Use skeleton distribution sets to create distributions with set distribution amounts.

  4. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.

  5. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order.

Answer: A,D,E

Question No: 158 – (Topic 1)

Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.)

  1. Review the workflow process.

  2. Evaluate the mapping settings.

  3. Review the GL_Interface tables.

  4. Confirm the account hierarchy setups.

  5. Run the period close by using a different amount type.

Answer: B,C

Question No: 159 – (Topic 1)

When structuring the summary accounts hierarchy, what fact must you take into consideration?

  1. Grandparenting is not allowed (parents cannot become children).

  2. You must include every parent value that is defined in the chart of accounts to a rollup group.

  3. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest detail level.

  4. You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.

Answer: D

Question No: 160 – (Topic 1)

Which three statements are true about the revaluation process? (Choose three.)

  1. You must post the revaluation journal entries.

  2. The revaluation process must be executed after the translation process has completed.

  3. This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.

  4. Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the

revalued functional currency balance calculated by using the revaluation rate.

Answer: A,C,D

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