Latest Oracle 1Z0-216 Actual Free Exam Questions & Community Discussion, Page 3

Question #29

Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle General Ledger and had been eager to test it. However, she was unable to test it in the Conference Room Pilot (CRP) instance. What would be your explanation?

A. Budget journals are required at the ledger level.

B. The budget dates in the budget organization have a different date range.

C. The budget status may be frozen.

D. The GL period is closed.

E. The GL account code combination is invalid.

Discussion 0

Correct Answer: A Vote an answer

Question #30

Select two actions that ledger sets permit. (Choose two.)

A. Sending budget balance inquiries

B. Being used for mass budgets

C. Viewing account balances for multiple ledgers in one view

D. Performing variance inquiries

E. Grouping multiple ledgers that share the same chart of accounts and calendar

Discussion 0

Correct Answer: C,E Vote an answer

Question #31

The board of directors of Acme Enterprises decide to float two new ompanies: Acme Construction and Acme Exports. hey want to implement Oracle General Ledger. They want to restrict access across these new companies. Only the Vice President (Finance) must have complete access. Identify two correct statements. (Choose two.)

A. Create four data access sets: one with read and write access for all companies and the rest with read and write access for the respective balancing segment values for each company.

B. Create only three data access sets: one for Acme Enterprises, one for Acme Construction, and one for Acme Exports.

C. Create one primary ledger for Acme Enterprises, one for Acme Construction, and one for Acme Exports.

D. Create one data access set andprovide read and write access to Acme Enterprises, and readonly access to Acme Construction and Acme Exports.

E. Create one primary ledger for Acme Enterprises.

Discussion 0

Correct Answer: A,E Vote an answer

Question #32

XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and open a new branch in Bangalore. The Kuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added. Bangalore will use a different chart of accounts from that of Dubai and will use a weekly calendar. Select two valid statements. (Choose two.)

A. If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.

B. Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.

C. After adding the Dubai ledger, the ledger options step must be completed.

D. There is no mapping required from the Dubai ledger to the Bangalore ledger.

Discussion 0

Correct Answer: A,C Vote an answer

Question #33

Which form can you use to set up automatic transaction numbering?

A. Profile Options

B. Transaction Sources

C. Transaction Types

D. System Options

Discussion 0

Correct Answer: B Vote an answer

Question #34

ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have a substantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that can be used for uploading data by using Web ADI. (Choose four.)

A. Budgets data

B. Assets data

C. HRMS data

D. Inventory data

E. Vendors data

F. Customers data

Discussion 0

Correct Answer: A,B,C,D Vote an answer

Question #35

Which three payment terms validations are performed by AutoInvoice for imported balance forward billing (BFB) transactions? (Choose three.)

A. Transactions with balance forward billing payment terms have balance forward billing enabled at the account and site profiles.

B. Transactions withnonbalance forward billing payment terms for balance forward customers have the override terms check box selected.

C. All transactions are batched by batch source name and request ID.

D. Transactions with balance forward billing payment terms having the external billing cycle have a billing date.

E. The transaction is stamped with legal entity information.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #36

Which profile option must be enabled to allow you to change the tax code on the transaction line in Receivables?

A. eBtax: Allow Ad Hoc Tax Changes

B. eBtax: Allow Manual Tax Lines

C. eBtax: Inventory item for Freight

D. eBtax: Allow Override of Customer Exemptions

Discussion 0

Correct Answer: A Vote an answer

Question #37

AutoCash rules apply to _____ receipts.

A. Automatic

B. Credit card

C. Manual

D. Quickcash

E. Direct debit

F. Prepayment

Discussion 0

Correct Answer: D Vote an answer

Question #38

You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a material transaction that was completed on the last business day of the closing period. Select the best option in this situation.

A. Ignoring the transaction in the current period

B. Reversing the prior postings and retransferring data from thesubledgers

C. Recording a manual accrual journal in the current period and reversing the journal in the next period

D. Opening thesubledger to enter the transaction

Discussion 0

Correct Answer: C Vote an answer

Question #39

Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They needed expert guidance and came to you. You look at the report and see that the Interface Lines section of the report shows the following: Selected: 9 Successfully Processed: 8 Failed Validation: 0 What is the likely reason for this?

A. The General Ledger (GL) code combination ID failed the cross validation rules.

B. The GL code combination segment value for the cost center was valid in the prior calendar month but is end-dated a day earlier.

C. A credit memo for an invoice and the invoice itself are submitted in the same batch and the credit memo is selected first.

D. An adjustment update of an old invoice is included in this batch.

E. A debit memo for an invoice and the invoice itself are submitted in the same batch and the debit memo is selected first.

Discussion 0

Correct Answer: C Vote an answer

Question #40

Select three statuses of the consolidation workbench. (Choose three.)

A. Entered

B. Exported

C. Posted

D. Transferred

E. Reversed

Discussion 0

Correct Answer: C,D,E Vote an answer

Question #41

A user attempted to close the Accounts Receivable accounting period and received an error. What could be the cause of the error?

A. Invoices are entered but not completed.

B. There areAutoInvoice interface errors.

C. General Ledger Journal Import did not run.

D. AutoInvoice did not run.

E. There are existing invoice exceptions.

F. Create Accounting program did not run.

G. There are lockbox interface errors.

Discussion 0

Correct Answer: F Vote an answer

Question #42

Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

A. Have similar ledger processing options

B. Require autonomous document sequencing for a legal entity

C. Have tax requirements that are specific for a legal entity

D. Open and close periods simultaneously

E. Operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes

Discussion 0

Correct Answer: A,D,E Vote an answer

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