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Download DemoVendor: Oracle
Certifications: On-Premise Applications
Exam Code: 1Z0-516
Exam Name: Oracle E-Business Suite R12.1 General Ledger Essentials
Updated: Apr 20, 2024
Q&As: 280
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VCE
Which three statements are true about data conversion rules? (Choose three.)
A. Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.
B. Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.
C. Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.
D. For calendar conversion, the journal effective date determines the corresponding nonadjusting period in the secondary ledger.
E. The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.
Correct Answer: CDE
ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify two correct statements. (Choose two.)
A. The setting up of the Descriptive Flexfield is mandatory.
B. The Asset Category Flexfield is owned by the Oracle Assets module.
C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
D. Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.
Correct Answer: BC
ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was
47.5.
Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC
Company, reviews the transactions and comes to a conclusion.
Select two correct conclusions arrived upon by Jack. (Choose two.)
A. XYZ Company is not impacted at all by this rate change.
B. XYZ Company has a positive impact by this rate change.
C. ABC Company is not impacted at all by this rate change.
D. ABC Company has a positive impact by this rate change.
XYZ
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BangladeshMany questions are from the dumps but few question changed. Need to be attention.
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