[Free] 2018(Jan) Dumps4cert Examcollection IBM P2020-795 Dumps with VCE and PDF 511-520

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Oracle EBS R12.1 General Ledger Essentials

Question No: 511 – (Topic 6)

Identify the sequence of steps to determine the Descriptive Flexfield name on a form in Oracle E-Business Suite Release 12 with Diagnostics enabled.

  1. Select Help gt; Diagnostics gt; Examine.

  2. The username of the DFF appears in the Value field.

  3. Select the DFF name from the list of values in the quot;Fieldquot; field.

  4. Select the quot;$DESCRIPTIVE_FLEXFIELD$quot; value for the Block name.

A. 1, 2, 3, 4

B. 1, 4, 3, 2

C. 1, 3, 4, 2

D. 4, 3, 1, 2

Answer: B

Question No: 512 – (Topic 6)

Which three statements are true about data conversion rules? (Choose three.)

  1. Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.

  2. Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.

  3. Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.

  4. For calendar conversion, the journal effective date determines the corresponding nonadjusting period in the secondary ledger.

  5. The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.

Answer: C,D,E

Question No: 513 – (Topic 6)

Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and ABC South. She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions and journal entries. Identify the right option in the given scenario.

  1. All balancing segment values will be available to enter transactions and journal entries.

  2. No balancing segment values will be available to enter transactions and journal entries.

  3. ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.

  4. ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.

  5. ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.

Answer: A

Question No: 514 – (Topic 6)

Choose the correct sequence of the budget accounting cycle in Oracle applications.

  1. Freeze budgets.

  2. Define budgets and budget organization.

  3. Review and correct budgets.

  4. Report on budgets.

  5. Enter budget amounts.

  1. E, D, C, B, A

  2. B, E, C, D, A

  3. A, B, C, D, E

  4. E, A, B, C, D

  5. B, E, C, A, D

Answer: E

Question No: 515 – (Topic 6)

Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)

  1. Risk code

  2. Credit rating

  3. Payment terms

  4. Credit review type

  5. Credit classification

Answer: D,E

Question No: 516 – (Topic 6)

Identify four steps involved in the setup for late charges. (Choose four.)

  1. Assigning different policies to your customers

  2. Indicating by transaction type if a late charge policy is enforced

  3. Enabling late charges in the Receivables System Options form

  4. Enabling late charges in the System Profiles form at the user level

  5. Deriving accounting from transaction type when late charges are in adjustment format

  6. Indicating if a specific invoice should be exempt from late charges at the transaction level

Answer: A,B,C,F

Question No: 517 – (Topic 6)

Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

  1. Create aliases.

  2. Define a value set.

  3. Define security rules.

  4. Define an account structure.

  5. Define valid segment values.

  6. Create account combinations.

Answer: B,D,E

Question No: 518 – (Topic 6)

A Global Single Instance (GSI) provides the global enterprise with a single, complete data model. Identify three features in Oracle E-Business Suite Release 12 that support a GSI. (Choose three.)

  1. Maintenance of third-party applications

  2. Automation of standardized documents and audit processes

  3. Decentralization of operations by regions, divisions, or processes

  4. Consolidation of data centers and lowering administrative overhead

  5. Capture of statutory and customary local requirements in the same database

Answer: B,D,E

Question No: 519 – (Topic 6)

When you enter a journal, the journals in that batch .

  1. Must share the same period

  2. Must share the same currency

  3. Must share the same accounting date

  4. Must share both the same period and currency

  5. Can have different periods, currencies, and accounting dates

Answer: A

Question No: 520 – (Topic 6)

Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

  1. Enable one-time definition of objects

  2. Are referenced by several Oracle Application modules

  3. Are defined in each Oracle Application module separately

  4. Are owned by a single Oracle Application module for table purposes only

  5. Are owned by a single Oracle Application module to designate the primary user or decision maker

Answer: A,B,D

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