[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-215 Dumps with VCE and PDF 51-60

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Oracle EBS R12:General Ledger and Payables Fundamentals

Question No: 51 – (Topic 0)

Which two actions would you perform by using the column set builder function? (Choose two.)

  1. assigning accounts

  2. creating the format mask

  3. defining calculations in the new column

  4. sorting rows based on values in a column

Answer: B,C

Question No: 52 – (Topic 0)

Which item cannot be queried in the Find Consolidation Process window?

  1. balance type

  2. parent period

  3. mapping sets

  4. parent calendar

  5. elimination sets

Answer: D

Question No: 53 – (Topic 0)

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

  1. It ensures reapplication of the same rules each time you transfer.

  2. IDT provides greater flexibility by performing no validation on the imported data.

  3. User-defined conditions enable you to control when transformation rules must be applied.

  4. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

  5. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

Answer: A,C,D

Question No: 54 – (Topic 0)

To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate and enable quot;Set as Offset Taxquot;?

  1. taxes

  2. tax rules

  3. tax rates

  4. tax statuses

  5. tax regimes

Answer: A

Question No: 55 – (Topic 0)

The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default. What would be your response?

  1. If the client wants to do this, the budget status must be open.

  2. If the client wants to do this, the budget status must be current.

  3. The Oracle General Ledger budget functionality cannot satisfy this requirement.

  4. If the client wants to do this, customization of Oracle Workflow is the only option.

Answer: B

Question No: 56 – (Topic 0)

Treeline Company is getting ready to complete its month-end process. It needs to create a profit-and-loss statement and wants to use the Financial Statement Generator feature to create the report. Which two elements are required to create the report? (Choose two.)

  1. row set

  2. report set

  3. workbook

  4. column set

  5. content set

Answer: A,D

Question No: 57 – (Topic 0)

Select three levels where additional reporting currency representations can be maintained. (Choose three.)

  1. batch

  2. journal

  3. balance

  4. subledger

Answer: B,C,D

Question No: 58 – (Topic 0)

Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.

  1. unlimited

  2. two per primary ledger

  3. one per primary ledger

  4. one per primary ledger with a reporting currency

Answer: A

Question No: 59 – (Topic 0)

Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

  1. It consolidates data from the legacy feeder system.

  2. This system creates consolidated journal entries in both the parent and subsidiary sets of books.

  3. GCS automatically generates journal entries to eliminate intercompany balances based on defined rules.

  4. It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise Planning and Budgeting.

Answer: A,C,D

Question No: 60 – (Topic 0)

ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.

  1. Create an account-level reporting currency.

  2. Create a subledger-level reporting currency.

  3. Create a journal-level reporting currency for every transaction.

  4. Create a balance-level reporting currency and run general ledger translation.

Answer: B

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