[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 201-210

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 201 – (Topic 1)

Identify three statements that are true for E-Business Tax. (Choose three.)

  1. E-Business Tax transactions are strictly controlled and cannot be changed.

  2. E-Business Tax provides seeded tax registration types for local organizations.

  3. E-Business Tax provides a single point solution for managing your transaction-based tax requirements.

  4. E-Business Tax provides a common model for setting up tax data for tax determination and tax calculation.

  5. E-Business Tax uniformly delivers tax services to all E-Business Suite business flows through one application interface.

Answer: C,D,E

Question No: 202 – (Topic 1)

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.

  1. Enter Payments

  2. Invoice Overview

  3. Invoice Distributions

  4. Scheduled Payments

Answer: D

Question No: 203 – (Topic 1)

Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

  1. key flexfields

  2. Journal Sources form

  3. Journal Categories form

  4. Journal Encumbrance Types form

  5. Journal approval on the Ledger Setup page

Answer: B,E

Question No: 204 – (Topic 1)

Identify two advantages of using Oracle Internet Expenses. (Choose two.)

  1. It improves cycle times by routing expense reports via a workflow.

  2. Expense reports that are entered using Internet Expenses are visible in Payables.

  3. Enforcement of spending policy controls expenses, showing any policy deviations.

  4. Expense report template attributes are defined in Internet Expenses to manage expense types.

Answer: A,C

Question No: 205 – (Topic 1)

XYZ Company is implementing Oracle General Ledger. They want to record and report on expenses by cost center. Identify three segments that must be defined for XYZ Company#39;s accounting flexfield. (Choose three.)

  1. project

  2. account

  3. balancing

  4. cost center

  5. intercompany

Answer: B,C,D

Question No: 206 – (Topic 1)

You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies. The implementation team decides that the GL multi-currency setup will be a part of the implementation. John, a junior consultant helping you in the implementation effort, tells you that he is testing the system and entering journals in USD, Yen, and Euros. He says that he is able to enter journals in USD and Euros, but not in Japanese Yen. What possible explanation can you provide to John for this?

  1. Yen has not been enabled.

  2. Rate types have not been defined for Yen.

  3. Daily rates have not been entered for Yen.

  4. Workflow must be customized for journals to be entered in Yen.

Answer: A

Question No: 207 – (Topic 1)

During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice created from the expense report in Payables. Which statement is true?

  1. Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.

  2. Any number of user-defined holds and only one system hold can be applied on one expense report in the Payables Expense Report window.

  3. Only one user-defined hold and any number of system holds can be applied on one expense report in the Payables Expense Report window.

  4. Any number of user-defined holds and any number of system holds can be applied on one expense report in the Payables Expense Report


Answer: A

Question No: 208 – (Topic 1)

Identify three benefits of using the Journals Import: Group By Effective Date profile option. (Choose three.)

  1. facilitates consolidation

  2. makes daily updates to daily business intelligence

  3. facilitates more transparent exchange rate conversions

  4. accounts for business transactions by effective date or by accounting date

  5. facilitates financial auditing and compliance with the new Sabanes-Oxley Act

Answer: B,D,E

Question No: 209 – (Topic 1)

Identify the conditions that must exist before you can apply an advance against an expense report.

  1. The prepayment type is temporary and has been fully applied.

  2. The prepayment type is temporary and has not been fully applied.

  3. The prepayment type is permanent, has been validated, and not canceled.

  4. The prepayment type is permanent and no active holds exist for the prepayment.

Answer: B

Question No: 210 – (Topic 1)

Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

  1. ledgers

  2. operating units

  3. data access sets

  4. definition access sets

  5. subledger accounting method

Answer: A,E

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