1Z0-516 Exam Dumps | ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar,

<< Prev Question Next Question >>

Question 173/379

ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar, currency, subledger accounting method, and ledger processing options. They have additional accounting requirements:
1. All legal entities share the same primary ledger attributes.
2. None of the legal entities have special requirements to open and close accounting periods independent from the others.
3. All legal entities engage in intercompany accounting.
4. For month-end consolidation purposes, ABC Metal Corporation wants to keep their consolidation adjustments and elimination entries completely separate from the day-to-day transactions of their legal entities. Based on these requirements, select two considerations that are true for the accounting setup.
(Choose two.)

A. Intercompany accounts must be defined to use the intercompany accounting feature.

B. Specific balancing segment values need not be assigned to each ledger.

C. Secondary ledgers cannot be added for an additional accounting representation.

D. Specific balancing segment values must be assigned to each legal entity.

Question List (379q): Question 1: You are working on an implementation for Accounts Payable. M...; Question 2: If you use the Expense Report Export program, it converts ex...; Question 3: The GL accountant has defined the budget and wants the assis...; Question 4: Which is the correct sequence of steps in planning your summ...; Question 5: Identify the item that requires approval through the workflo...; Question 6: Identify three features of the Workflow Engine in Oracle Wor...; Question 7: Identify three types of entities that can be defined and rel...; Question 8: XYZ Company has disabled the Receivables Profile Option "AR:...; Question 9: The APPL_TOP directory in Oracle E-Business Suite Release 12...; Question 10: Identify a correct statement about profile classes....; Question 11: ABC Inc. is in the process of consolidating the financial da...; Question 12: Identify three statements that are true for setting up withh...; Question 13: Select three types of Payables open interfaces that will imp...; Question 14: Company ABC added a new responsibility to an existing Oracle...; Question 15: What are the three prerequisites for interfacing Payables in...; Question 16: Journal source, journal category, balance type, period, and ...; Question 17: ABC Corp. has a requirement to share business documents from...; Question 18: Identify three statements that are true about the withholdin...; Question 19: XYZ Company uses financial statement generator reports to pr...; Question 20: Identify three processes that you must run before closing yo...; Question 21: Select three prebuilt features that Oracle E-Business Suite ...; Question 22: Identify two business benefits of using Multi-Org Access Con...; Question 23: Identify the two invoice types processed by the Payables Ope...; Question 24: Tax on Receivables invoices are posted to different General ...; Question 25: Identify three entities that can become a party in Oracle Tr...; Question 26: In the Payment Process Requests, which action(s) can you per...; Question 27: Jane, the GL accountant, says that she had heard about the b...; Question 28: Self-assessed tax amounts are taxes that you are liable for,...; Question 29: Identify four options for Quick Payments. (Choose four.)...; Question 30: Identify three E-Business Tax setup options. (Choose three.)...; Question 31: To manually enter tax details for an item, freight, miscella...; Question 32: AutoLockbox uses attributes to identify a customer for each ...; Question 33: Identify two features of a table-validated Value Set. (Choos...; Question 34: Your company is using Oracle Receivables and Trade Managemen...; Question 35: Several fields are required during manual invoice entry. Whi...; Question 36: ABC Corporation has set up the Accounting Key Flexfield. It ...; Question 37: Retail customers are encouraged to sign up for direct debit ...; Question 38: Which two statements explain the role of the Desktop Tier in...; Question 39: Identify the sequence of the steps that are required for per...; Question 40: Select three statuses of the consolidation workbench. (Choos...; Question 41: Your client has sales tax requirements that involve two type...; Question 42: There are five major business functions that occur sequentia...; Question 43: Identify four interface tables that are available in Oracle ...; Question 44: Sam, the CFO of XYZ Company, finds that in the expenditure b...; Question 45: Company A wants to use Oracle Internet Expenses with expense...; Question 46: To review All of Todays selected invoices from the payment p...; Question 47: Before you can create customer invoices, you have to define ...; Question 48: Identify three correct statements about the Operating Unit i...; Question 49: John is reviewing the clients draft training documents about...; Question 50: When summary account templates are associated with the check...; Question 51: Which Oracle resource would you use to log, manage, and reso...; Question 52: XYZ Corporation is headquartered in Dubai with a branch in K...; Question 53: Which three statements are true about Oracle Workflow and Or...; Question 54: ABC Corp. requires that all invoices are matched to both a p...; Question 55: Identify the statement that reflects the functionality of th...; Question 56: Identify two Descriptive Flexfield components whose values a...; Question 57: ABC company and XYZ company are both customers. Last month X...; Question 58: Payables leverages E-Business Tax to set up, calculate, and ...; Question 59: Select the Apply Withholding Tax Payables option that must b...; Question 60: Identify three tables that can be used to import billing dat...; Question 61: The tables for the Customer Master are owned by _____....; Question 62: You created an invoice with one line item of $100 and a tax ...; Question 63: Identify two events that take place when an invoice is match...; Question 64: Select four processes that are facilitated by the credit man...; Question 65: You receive a request to create a new responsibility for US ...; Question 66: The manual payment method is best described as the method of...; Question 67: You are defining FSG reports to be used by different users f...; Question 68: Identify two reasons why ABC Company would use Oracle Busine...; Question 69: Identify three Payables system setup options. (Choose three....; Question 70: BT Inc. is implementing Oracle Accounts Receivable to interf...; Question 71: Jack is implementing Oracle General Ledger for ABC Corporati...; Question 72: Select three invoice types that can be entered ONLY in the I...; Question 73: You are involved in a project to upgrade to Oracle E-Busines...; Question 74: You are on a phased-approach implementation. Payables and Pu...; Question 75: Sam, the CFO of XYZ Company, wants to prepare the annual cap...; Question 76: Identify the default value for the term date that would exte...; Question 77: ABC Corporation has five companies, which operate in differe...; Question 78: A manager wants to review the cash balance by company. He ha...; Question 79: You mail your customer John Doe an invoice for $1000 for the...; Question 80: Identify two correct statements about Oracle Receivables. (C...; Question 81: AutoLockbox execution employs a multistep process. These ste...; Question 82: ABC Company in India exports raw materials to XYZ Company in...; Question 83: Identify three true statements regarding Multiple Organizati...; Question 84: In order for supplementary data sources to be registered in ...; Question 85: Your company accrues expense items at period end. Identify t...; Question 86: After registering new data sources, you must complete your B...; Question 87: Which is the final step in processing a payment batch?...; Question 88: You are working on an implementation of Oracle Daily Busines...; Question 89: Michael is responsible for the accounting setup. Here is the...; Question 90: You have logged in to the Oracle E-Business Suite Release 12...; Question 91: To achieve the maximum summary account functionality for tot...; Question 92: Oracle Daily Business Intelligence functions are secured usi...; Question 93: Which two are the mandatory flexfield qualifiers in Oracle G...; Question 94: Select the four activities that are NOT part of the Payables...; Question 95: Which statement is true about paying invoices?...; Question 96: Client A has three legacy systems that contain this financia...; Question 97: Identify three features of Multi-Org. (Choose three.)...; Question 98: Identify two tasks of the Application tier in Oracle E-Busin...; Question 99: Which two parameters facilitate cross organization reports i...; Question 100: Identify four components of the Fusion Business Intelligence...; Question 101: What two types of access do you need to be able to run year-...; Question 102: You are at a client site that has thousands of suppliers in ...; Question 103: ABC Corp. has a requirement that all budget entries are made...; Question 104: Your client occasionally charges sales tax erroneously to so...; Question 105: Which two statements are true regarding ownership of shared ...; Question 106: Newco Inc. has decided on a chart of accounts structure that...; Question 107: Which form can you use to set up automatic transaction numbe...; Question 108: Identify the four reports you must run when reconciling invo...; Question 109: Identify two exceptions that prevent you from closing the pe...; Question 110: Which four transactions are imported by AutoInvoice? (Choose...; Question 111: Select four tips that can be used to speed up data entry. (C...; Question 112: How do you know funds are available in the budgetary control...; Question 113: Which four options are determined by a responsibility in Ora...; Question 114: Jack, the CFO of ABC Company, wants to prepare the annual ca...; Question 115: Which three statements are true about data conversion rules?...; Question 116: Using the Payables System Setup Options form, you can enable...; Question 117: A clerk from ABC Inc., receives a customer receipt that does...; Question 118: Where does the expense AP accrual account used in the Period...; Question 119: ABC Systems is headquartered in Toronto with a branch in New...; Question 120: Identify two correct statements regarding a primary ledger. ...; Question 121: During the testing phase of your implementation, you find th...; Question 122: Select three processes that must be performed before closing...; Question 123: You are using the Event Based Revenue Management business ru...; Question 124: A Global Single Instance (GSI) provides the global enterpris...; Question 125: You need to verify that your system has enough resources to ...; Question 126: Payment process request templates are created on the Templat...; Question 127: Identify three statements that are true for entering bank an...; Question 128: You reviewed all the reconciliation reports for month-end cl...; Question 129: Transaction numbering is set up using _____....; Question 130: Identify the Receivables activity type where you are unable ...; Question 131: The following template has been created: D_Region_Asset Here...; Question 132: XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org...; Question 133: R12 uses simplified navigation paths. To which specific butt...; Question 134: Identify two mandatory attributes for grouping rules. (Choos...; Question 135: When reconciling Payables and Cash Management, you may encou...; Question 136: You are the project manager with access to the Oracle Projec...; Question 137: Oracle Payments is the central payment engine for Oracle E-B...; Question 138: Identify two advantages of using Oracle Internet Expenses. (...; Question 139: Identify three statements that are true for supplier's bank ...; Question 140: What are the three elements involved in submitting a concurr...; Question 141: You have received an invoice that requires an immediate paym...; Question 142: You want an invoice to be due in four stages. What should yo...; Question 143: Identify three standard views that you can access from the N...; Question 144: Which statement is FALSE about the Stop Payments Report?...; Question 145: Select three statements that apply to iReceivables. (Choose ...; Question 146: You have received a workflow notification from the Oracle E-...; Question 147: Identify two features of the Notification System in Oracle W...; Question 148: A receipt of $2,000 is received for an invoice that has $1,5...; Question 149: Identify three statements that are true about bank account i...; Question 150: Select the income tax report that is NOT available in the Pa...; Question 151: ABC Enterprise wants to achieve processing efficiencies in i...; Question 152: AutoCash rules apply to _____ receipts....; Question 153: ABC Company in India imports baking equipment from XYZ Compa...; Question 154: When you validate an invoice in Payables, E-Business Tax aut...; Question 155: Identify three statements that are true for electronic or wi...; Question 156: Select four options that can be set at the supplier site lev...; Question 157: XYZ Company uses Oracle General Ledger. They have a practice...; Question 158: An activity in a workflow process can be a _____....; Question 159: After creating two new customers, LeftBank and RightSide, yo...; Question 160: In the accrual process for perpetual accruals, which two eve...; Question 161: Which three payment terms validations are performed by AutoI...; Question 162: Which two statements are true about defining payment documen...; Question 163: Identify three options for preventing prepayments. (Choose t...; Question 164: Identify three statements that are true about processing aut...; Question 165: Which two statements are true about invoicing rules and acco...; Question 166: To set up Offset Tax under the Tax Configuration tab, which ...; Question 167: The Quick Payment method is best described as the method of ...; Question 168: Identify four required Oracle Credit Management system optio...; Question 169: Your client has requirements to enter customers, suppliers, ...; Question 170: You have the following information: The Accounting flexfield...; Question 171: Jack is hired as an Oracle General Ledger implementation con...; Question 172: Scott, a consultant with a leading consulting firm, is imple...; Question 173: ABC Metal Corporation has three legal entities that share th...; Question 174: Here is a description of a report, file, or register. Use th...; Question 175: It is your first day at a client site to implement Oracle E-...; Question 176: ABC Corp. has the following Organization Structure: 1) Legal...; Question 177: The rate variance Gain/Loss accounts specified in the Financ...; Question 178: Select the three options available when creating the Securit...; Question 179: The customer service department identified an order that was...; Question 180: Identify two functions the Revenue Accounting Management (RA...; Question 181: A client is implementing ACH and has a business requirement ...; Question 182: Select three features that Multi-Org provides to satisfy bus...; Question 183: What is the base release for Oracle E-Business Suite Release...; Question 184: Expense reports for Company A are entered in Payables using ...; Question 185: Identify three true statements about the invoice approval wo...; Question 186: You can enter and view dates in any valid format in Oracle E...; Question 187: Company ABC has requested you to define a custom application...; Question 188: After you define a credit analyst, you can modify any of the...; Question 189: Your customer ABC Inc., has headquarters in San Diego, Calif...; Question 190: The end users at Lucy Ltd. noticed several AutoInvoice excep...; Question 191: Company Z has implemented Payables, General Ledger, and Proj...; Question 192: Select the setup task that you are required to perform in Re...; Question 193: A global company uses Oracle E-Business Suite Release 12 for...; Question 194: Which three statements are true about AutoInvoice? (Choose t...; Question 195: Company K has identified these business requirements for the...; Question 196: The client's GL accountant comes to you with a problem. A jo...; Question 197: Identify the two methods that are NOT used to enter invoice ...; Question 198: A user attempted to close the Accounts Receivable accounting...; Question 199: Sam, the CFO of XYZ Company, finds that in the expenditure b...; Question 200: As part of its closing process, XYZ Corporation reviews rece...; Question 201: Identify three invoice holds that cannot be manually release...; Question 202: Your client has requested that you set up a relationship typ...; Question 203: Identify two correct statements related to Key Performance I...; Question 204: Identify three options available to manage cash requirements...; Question 205: The management segment qualifier must be attached to which k...; Question 206: Identify two correct statements about the transaction flexfi...; Question 207: Identify three functions that the Create Accounting program ...; Question 208: To properly associate one transaction type with another in R...; Question 209: Identify three statements that are true for the automatic wi...; Question 210: Select four values that default from profile classes in Orac...; Question 211: Which two statements are true if you select the QuickMatch i...; Question 212: Select three true statements about mapping rules. (Choose th...; Question 213: Company ABC is implementing Oracle Application Manager to ma...; Question 214: The head office of ABCCorporation is at New York, and it has...; Question 215: A table has 15 Attribute columns to capture additional infor...; Question 216: View the Exhibit. (Exhibit) While entering a journal in the ...; Question 217: The data access set with the full ledger access set type def...; Question 218: Mark, the GL accountant, asks you whether he can use the con...; Question 219: ABC Corp. is implementing General Ledger, Payables, Receivab...; Question 220: The GL accountant tells you that he is running the tests to ...; Question 221: Identify three Oracle E-Business Suite Release 12 applicatio...; Question 222: There are many fields with important data displayed on the m...; Question 223: Identify three prerequisites for the Payables period-close p...; Question 224: There are numerous Oracle modules that are integrated into o...; Question 225: You can hold the payment of an entire invoice or part of an ...; Question 226: Identify the two benefits of using Multi-Org Access Control....; Question 227: Identify two statements that apply to Oracle Collections. (C...; Question 228: Which relationship group would you assign to allow each part...; Question 229: What does the concurrent program Automatic Reversal do? (Cho...; Question 230: Identify the four resources that Oracle Technology Network (...; Question 231: You are implementing Oracle E-Business Suite Release 12 Gene...; Question 232: Identify three purposes for which transaction types can be u...; Question 233: Identify the setup options that would allow the accounts pay...; Question 234: Purchasing has numerous activities that are performed as a k...; Question 235: Which two setups are required for customer invoicing? (Choos...; Question 236: To define the primary ledger, which account is always requir...; Question 237: Identify three statements that properly describe the use of ...; Question 238: Which three are true about internal bank accounts? (Choose t...; Question 239: During the entry or update of expense reports in the Payable...; Question 240: Identify four types of transaction flexfields. (Choose four....; Question 241: Identify three features that speed up data entry. (Choose th...; Question 242: When structuring the summary accounts hierarchy, what fact m...; Question 243: Which five options are available when scheduling a Periodic ...; Question 244: In Oracle E-Business Suite Release 12, Multiple Language Sup...; Question 245: When reviewing the Accounts Payable Trial Balance Report for...; Question 246: In the context of adding, deleting, and disabling secondary ...; Question 247: Subledger Accounting is a rule-based accounting engine that ...; Question 248: ABC Corporation is headquartered in New Delhi with an office...; Question 249: You are hired to implement Oracle General Ledger at Active C...; Question 250: ABC Enterprise has operations in the US (East), the US (West...; Question 251: What are the three characteristics of an application and Ora...; Question 252: Select the three windows where a user can manually release a...; Question 253: While you are attempting to post entries, you receive this e...; Question 254: Company ABC has implemented Oracle Payables. They have decid...; Question 255: To enter manual tax lines on invoices, enable manual tax opt...; Question 256: ABC Corp. wants to allocate the gross amount of XYZ Co. invo...; Question 257: Which statement is correct about the differences between the...; Question 258: Identify two AR transaction types that correspond to the GL ...; Question 259: Identify three profile options that affect the integration o...; Question 260: Identify the conditions that must exist before you can apply...; Question 261: A client wants to configure Oracle AP to perform prepayments...; Question 262: Tax Content Services store and maintain the master and refer...; Question 263: Identify three features of shared entities in Oracle E-Busin...; Question 264: Identify three statements that describe Payment Terms. (Choo...; Question 265: ABC Corp. has implemented Oracle Manufacturing applications ...; Question 266: You have Oracle Receivables and Trade Management installed t...; Question 267: Your functional end users are perplexed by the contents of t...; Question 268: ABC Corp. wants to capture additional information about the ...; Question 269: Your company needs a solution that provides the option of tr...; Question 270: Organizations have unique credit policies that aid in managi...; Question 271: Party Merge provides the capability to merge parties and the...; Question 272: Oracle Credit Management (OCM) uses lookups to help speed up...; Question 273: For transaction-related activities such as adjustments and d...; Question 274: Company X has three Operating Units: A, B, and C. Each Opera...; Question 275: Jane, the GL accountant, asks you whether she could delete t...; Question 276: John has set up a Context to capture additional information ...; Question 277: During the cutover phase of a project to implement Oracle E-...; Question 278: A client has a requirement for their Payables application: 1...; Question 279: Company XYZ has received an invoice that includes freight ch...; Question 280: Assume that the withholding tax is calculated at the invoice...; Question 281: A summary account template is being created to perform a fla...; Question 282: Your client will use the seeded credit classifications of Lo...; Question 283: You have just opened the Transactions form. Which field woul...; Question 284: Identify the component in Subledger Accounting that enables ...; Question 285: The Receivables QuickCash functionality enables you to_____....; Question 286: How many data source views can you register for the Lines da...; Question 287: Which three data elements default from transaction type in O...; Question 288: Identify three Fusion Business Intelligence products for Ora...; Question 289: Which are the three formats in which late charges can be pre...; Question 290: Which three statements are true about Balance Forward Billin...; Question 291: You are in the Tax Lines Summary window and you update the c...; Question 292: Which three restrictions apply when you are paying invoices ...; Question 293: Identify the two tasks that you can achieve by using sequent...; Question 294: ABC Corporation has closed their APR-XX accounting period. T...; Question 295: For any scoring model, you can define a set of automation ru...; Question 296: The organization that Receivables uses to validate items is ...; Question 297: The client entered a miscellaneous receipt by mistake; it wa...; Question 298: In the accrual process for period-end accruals, which two ev...; Question 299: Identify three features of Payment Manager. (Choose three.)...; Question 300: Customer reason codes can be used to assist in automatic cla...; Question 301: XYZ Corporation uses Fixed Assets to manage their Asset tran...; Question 302: Oracle Fusion Intelligence Release 12 is a set of new Applic...; Question 303: Which key process is considered as a prerequisite for Transf...; Question 304: Identify the three applications that create invoices into Or...; Question 305: E-Business Tax calculates the amount of tax that is recovera...; Question 306: ABC Corporation will be implementing Oracle E-Business Suite...; Question 307: Your receivables clerk is confused about entering duplicate ...; Question 308: Embedded Dashboards are a feature of Oracle Fusion Business ...; Question 309: ABC Corp. wants to track and analyze call volumes in its ent...; Question 310: Identify four purposes for which the Special Calendar is use...; Question 311: You just received an invoice for a new supplier. You need to...; Question 312: Select two features regarding the completion of a successful...; Question 313: Which profile option must be enabled to allow you to change ...; Question 314: Identify three statements that are true about E-Business Tax...; Question 315: All remittance bank details are created and maintained in __...; Question 316: Which four selection criteria can be used when creating a pa...; Question 317: Company ABC has decided to use the invoice approval workflow...; Question 318: Which two statements are correct regarding a table-validated...; Question 319: Identify the report that is used to reconcile the Accounts P...; Question 320: A debit memo reversal must be utilized to reverse the receip...; Question 321: To create a party paying relationship, the relationship type...; Question 322: Which three reports can be used to reconcile Payables activi...; Question 323: Creating multiple scheduled payments allows you to issue par...; Question 324: Select two ways in which you can complete an invoice. (Choos...; Question 325: Identify two types of regions in Daily Business Intelligence...; Question 326: XYZ Corp. must complete the subledger account process and pe...; Question 327: Select two correct statements for the management segment qua...; Question 328: Identify three statements that are true for creating the wit...; Question 329: Horizon Real Estate Company usually issues rent invoices to ...; Question 330: Your client, Company A, has these requirements: 1. Asset inv...; Question 331: ABC Company's requirement is that all mass allocation journa...; Question 332: Which three statements are true about AutoAccounting? (Choos...; Question 333: Identify four discount basis options available that define h...; Question 334: If the user has to set Multi-Org preferences, the System Adm...; Question 335: Identify two implementation considerations that impact Payab...; Question 336: Client L has implemented Oracle Payables. They have been abl...; Question 337: At your client site, the Payables period-close processes hav...; Question 338: Which two statements are true regarding partitioning of data...; Question 339: Suppliers play an important part in the Procure-to-Pay proce...; Question 340: Which tier in Oracle E-Business Suite Release 12 is responsi...; Question 341: Company A has implemented Oracle Payables and Oracle General...; Question 342: A new Receivables Inquiry responsibility is created for the ...; Question 343: Identify two features related to parameters in a Daily Busin...; Question 344: As a system administrator for Oracle E-Business Suite Releas...; Question 345: Identify three key accounts to be considered during the impl...; Question 346: Select two statements that apply to the consolidation. (Choo...; Question 347: Peter, the GL accountant, tells you that he has defined the ...; Question 348: When you define an assignment rule in Bill Presentment Archi...; Question 349: After creating two new customers, ABC and XYZ, you create an...; Question 350: Choose the correct sequence of events taking place in the da...; Question 351: Identify the table used to load procurement card transaction...; Question 352: Jane is the financial controller of ABC Corporation. ABC Cor...; Question 353: Which two statements are true about the features of Daily Bu...; Question 354: You are the Human Resources lead for the ERP implementation ...; Question 355: Identify four functions of the Invoice Validation process. (...; Question 356: ABC Company is implementing Oracle Financials. The finance m...; Question 357: At your client site, under Payables Options, the Transfer to...; Question 358: Select four required attributes when defining a Ledger in Or...; Question 359: What are the five steps for creating MassAllocation journal ...; Question 360: Which three functions can the Create Accounting Program perf...; Question 361: When summary account templates are associated with the check...; Question 362: A Ledger is a financial reporting entity. What is new in Ora...; Question 363: Which three are true regarding purchase order-matched invoic...; Question 364: You are implementing Oracle Receivables and Oracle Trade Man...; Question 365: To set up and use Multiple Organization Access Control (MOAC...; Question 366: The rule-based accounting engine that centralizes accounting...; Question 367: The Receipt Inherit Invoice Number option affects only recei...; Question 368: Identify the minimum prerequisites that should be met for de...; Question 369: You have the option to define your own accounting rules in O...; Question 370: ABC Corp. is installing Oracle E-Business Suite Release 12 A...; Question 371: Select four occasions when the Create Accounting process can...; Question 372: Which business flow is used for activities starting from pro...; Question 373: Identify three features of Key Flexfields. (Choose three.)...; Question 374: You initiated a pay run by entering criteria for invoices th...; Question 375: All manual journal entries are defaulting to a non-current p...; Question 376: Identify three statements that are true for E-Business Tax. ...; Question 377: Application Security consists of User, Responsibility, and S...; Question 378: Which statement best describes stages in the credit review p...; Question 379: Choose the process that can be performed after a pay run has...

Question 173/379

LEAVE A REPLY

Download PDF File