[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 41-50

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 41 – (Topic 0)

Identify three statements that are true for creating the withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

  1. The Withholding Tax Report is prepared by suppliers.

  2. The Withholding Tax Group defaults in from the supplier or supplier site.

  3. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.

  4. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.

  5. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.

Answer: B,C,D

Question No: 42 – (Topic 0)

Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by Invoice Report.

  1. At Payment Time

  2. Allow Force Approval

  3. Allow Online Validation

  4. At Invoice Validation Time

Answer: D

Question No: 43 – (Topic 0)

Choose the process that can be performed after a pay run has been formatted.

  1. Change an invoice amount.

  2. Prevent payment to a supplier.

  3. Print checks from the output file.

  4. Prevent payment of a particular invoice.

  5. Add an invoice that Payables did not originally select.

Answer: C

Question No: 44 – (Topic 0)

You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a global presence in many countries and transactions in multiple currencies.

The implementation team decides that the Oracle General Ledger multi-currency setup will be a part of the implementation.

The client#39;s Chief Financial Officer wants a system that has these features:

  1. Enter transactions and reports in any currency.

  2. Enter exchange rates online or automatically.

  3. Calculate realized and unrealized gains and losses.

  4. Translate actual and budget balances.

  5. Produce foreign currency financial statements and reports.

Which requirements can be satisfied with the implementation?

  1. I, II, and III only

  2. I, II, III, and IV only

  3. I, II, IV, and V only

  4. All requirements from I through V can be satisfied.

    Answer: D

    Question No: 45 – (Topic 0)

    Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.

    1. suspense account – suspense posting

    2. reserve for encumbrance account – exchange rate gain/loss

    3. non-postable net income account – average balance processing

    4. ledger currency balancing account – for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value

    5. entered currency balancing account – for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value

      Identify two correct mappings of accounts. (Choose two.)

      1. 1

      2. 2

      3. 3

      4. 4

      5. 5

Answer: A,C

Question No: 46 – (Topic 0)

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: 47 – (Topic 0)

The GL user entered a taxable journal and posted it. Later, the user realized that the tax code entered was wrong. What must the user do?

  1. Delete the journal and reenter it.

  2. Reverse and reenter the journal.

  3. Unpost the journal and reenter it.

  4. Modify the tax code at the line level.

  5. Enter another journal with the difference in the tax amount.

Answer: B

Question No: 48 – (Topic 0)

Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)

  1. Assets

  2. Payables

  3. Receivables

  4. Cash Management

  5. Order Management

Answer: B,C,D

Question No: 49 – (Topic 0)

The management segment qualifier must be attached to which key flexfield segment?

  1. future segment

  2. account segment

  3. company segment

  4. department segment

  5. intercompany segment

Answer: D

Question No: 50 – (Topic 0)

You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites. Which three naming conventions would you use for quot;Best Practicesquot; during the supplier cleanup? (Choose three.)

  1. Use Last Name, First Name to identify employees as suppliers.

  2. Create some supplier names in uppercase and others in mixed case.

  3. Use abbreviations in the supplier name even it is not abbreviated on the invoice.

  4. Remove all punctuation marks (commas, periods, and so on) from the supplier name.

  5. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.

Answer: A,D,E

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