[Free] 2018(Jan) EnsurePass Passguide Oracle 1z0-216 Dumps with VCE and PDF 181-190

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Oracle EBS R12: General Ledger and Receivables Fundamentals

Question No: 181 – (Topic 1)

Select two statements that are correct for the secondary tracking segment. (Choose two.)

  1. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.

  2. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.

  3. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.

  4. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

  5. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

Answer: C,D

Question No: 182 – (Topic 1)

You have the following information:

The Accounting flexfield structure is quot;company, department, product, account.quot; Product has two rollup groups: domestic and international.

Department has one rollup group: manufacturing.

All accounting flexfield segment values can use alphanumeric characters.

Which summary account template would Oracle General Ledger fail to create? (D: Detail)

(T: Total)

  1. T-T-T-T

  2. T-D-D-D

  3. D-D-D-D

  4. D-T-domestic-D

  5. D-manufacturing-D-T

  6. T-manufacturing-international-D

Answer: C

Question No: 183 – (Topic 1)

Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank with authorization to debit a customers checking account for either the full amount due or the minimum balance, depending on the option selected by the customer at the time of enrolling for the direct debit. Which is the most appropriate receipts solution in Oracle Receivables to directly address this business need of your client?

  1. Implement bills of exchange.

  2. Implement automatic receipts.

  3. Implement credit card receipts.

  4. Implement QuickCash receipts.

  5. Implement AutoLockbox receipts.

Answer: B

Question No: 184 – (Topic 1)

Which two are true about elimination? (Choose two.)

  1. You can define balancing options for eliminating entries.

  2. You can define an elimination set to contain one elimination entry.

  3. Currency is an optional component when defining an elimination set.

  4. You must specify an elimination company in the Elimination Sets window.

Answer: A,B

Question No: 185 – (Topic 1)

XYZ Company uses Oracle General Ledger. They have a practice of loading data from the legacy systems into the GL_INTERFACE table, from where they import it into Oracle General Ledger. They have enabled four account segments. In the Key Flexfield Segments window, you find that:

Segment 1 corresponds to the SEGMENT1 column Segment 2 corresponds to the SEGMENT2 column Segment 3 corresponds to the SEGMENT4 column Segment 4 corresponds to the SEGMENT5 column

Identify the columns of the GL_INTERFACE table with the data that must be populated.

  1. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

  2. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT3

  3. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

  4. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 in GL_INTERFACE.SEGMENT3, Segment 4 in GL_INTERFACE.SEGMENT4

Answer: A

Question No: 186 – (Topic 1)

Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

  1. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.

  2. Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.

  3. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type.

  4. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.

  5. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.

Answer: D

Question No: 187 – (Topic 1)

Journal source, journal category, balance type, period, and effective date are used to define the criteria set.

  1. AutoPost

  2. Mass Allocations

  3. Recurring Journals

Answer: A

Question No: 188 – (Topic 1)

Identify four discount basis options available that define how Receivables calculates discounts. (Choose four.)

  1. gross amount

  2. freight amount

  3. invoice amount

  4. lines only amount

  5. lines and tax amount

  6. lines, freight, and tax amount

Answer: C,D,E,F

Question No: 189 – (Topic 1)

The client#39;s GL accountant comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval because the Approve button is disabled in the Enter Journals form and the supervisor has not received a notification requesting the approval. What could be the possible cause for this problem?

  1. The profile option GL: Allow Preparer Approval must be reset.

  2. One of the GL account code combinations in the journal is invalid.

  3. Authorization limits have not been defined properly and the GL period is closed.

  4. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.

Answer: D

Question No: 190 – (Topic 1)

You have Oracle Receivables and Trade Management installed to manage claims. You discover that one claim is a split claim, that is, half valid and half invalid. Identify three correct statements about split claims. (Choose three.)

  1. The amount of the claim is split in Receivables.

  2. Splits are never shown in Receivables, they look like one claim.

  3. The originating non-invoice-related claim number would be shown in Receivables with the split number.

  4. When a claim is split in Trade Management, the information is not immediately updated in Receivables.

  5. Claim information is automatically updated in Receivables when one of the claims is resolved directly from Trade Management.

Answer: B,D,E

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