[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 181-190

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 181 – (Topic 1)

You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:

  1. They want to be able to pay only certain types of suppliers by batch.

  2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention.

  3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is automatically not issued.

To meet the above requirements, you perform these steps:

  1. Set up suppliers with pay groups for each type, and use them when running the payment batch.

  2. Set up the payment batch with Maximum Outlay equal to $100,000 USD.

  3. Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD.

Which requirements have you met?

  1. 2 and 3

  2. 1, 2 and 3

  3. 1 and 2

  4. 1 and 3

Answer: D

Question No: 182 – (Topic 1)

John has created two ledgers: one primary and one secondary. The primary ledger stores

transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger. John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

  1. Merge the primary ledger and the secondary ledger, and run reports.

  2. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.

  3. Transfer transactional data from the primary ledger to the secondary ledger while running reports.

  4. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.

Answer: D

Question No: 183 – (Topic 1)

ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations have separate legal and statutory requirements. The tax requirements also differ for each country. Identify the action you would perform to set up Oracle General Ledger.

  1. Create a separate legal entity and accounting setup for each operation.

  2. Create one legal entity and three accounting setups for the US, France, and Italy.

  3. Create three legal entities for the US, France, and Italy, and one accounting setup.

  4. Create three legal entities for each operation. Create one accounting setup for France and Italy, and one for the US.

  5. Create two legal entities: one for France and Italy, and one for the US. Create two accounting setups: one for France and Italy, and one for

the US.

Answer: A

Question No: 184 – (Topic 1)

To transmit an electronic payment instruction manually, perform these four steps.

  1. In the Payments Manager, select the Payment Instruction tab.

  2. In the Status field of the Search region, select Formatted – Ready for Transmission and

    click the Go button.

  3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: lt;numbergt; page is displayed.

  4. From the Actions drop-down list, select Transmit and click the Go button.

Arrange the steps in the proper sequence they would be performed.

A. 1, 3, 2, 4

B. 1, 2, 3, 4

C. 1, 3, 4, 2

D. 2, 3, 4, 1

Answer: B

Question No: 185 – (Topic 1)

Select the income tax report that is NOT available in the Payables module.

  1. Withholding Tax by Invoice

  2. Withholding Tax by Supplier

  3. Withholding Tax by Payment

  4. Withholding Tax by Supplier Site

Answer: D

Question No: 186 – (Topic 1)

You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template.

The template has been designed as follows: D-Region-D

The first segment is company, which has ten values.

The second segment is division, which is represented by the rollup group region. It has six parent values.

The last segment is account, which has 500 values.

How many summary accounts would be generated by the template?

  1. 60

    B. 500

    C. 3,000

    D. 5,000

    E. 30,000

    Answer: E

    Question No: 187 – (Topic 1)

    Select the correct sequence of tasks required for period closing in Oracle General Ledger.

    1. Verify that all journals are posted.

    2. Close the period of each subledger.

    3. Run the Trial Balance report and other month-end reports.

    4. Close the period and open the next period.

    5. Perform reconciliation of subsidiary ledgers.

    6. Transfer and import data from all subledgers.

      A. 6, 5, 2, 1, 4, 3

      B. 3, 2, 1, 6, 4, 5

      C. 6, 5, 1, 3, 2, 4

      D. 6, 5, 2, 1, 3, 4

      E. 6, 2, 3, 1, 5, 4

      Answer: D

      Question No: 188 – (Topic 1)

      A client is implementing ACH and has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval Workflow that would meet their requirement. (Choose three.)

      1. allows automatic resubmission of an invoice if rejection occurs

      2. has predefined criteria to identify which invoices require approval

      3. allows approval routing management from one central responsibility

      4. provides automatic routing of invoices upon approval to another designated approver

      5. allows for corrections to invoices to be made while still in the approval routing process

      6. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver

Answer: B,D,F

Question No: 189 – (Topic 1)

John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company. John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies. What does John say to help Sam?

  1. Currency Rates Manager automatically converts all transactions entered in INR to USD.

  2. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.

  3. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.

  4. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.

  5. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.

Answer: C

Question No: 190 – (Topic 1)

A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company#39;s accounting flexfield has four segments:

Company (5 values) Cost Centers (30 values) Region (4 values)

Account (180 values)

The total number of cash accounts is five that are associated with two parents: Three accounts are associated with the parent called quot;Checking.quot;

Two accounts are identified with the parent called quot;Savings.quot;

To combine the cash parents, you created a rollup group named quot;Cash.quot; How many accounts would the summary account template generate?

  1. 10

  2. 40

  3. 60 D. 240 E. 1200

Answer: A

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