Download Oracle EBS R12.1 General Ledger Essentials.1z0-516.PassGuide.2018-05-25.395q.tqb

Vendor:	Oracle
Exam Code:	1z0-516
Exam Name:	Oracle EBS R12.1 General Ledger Essentials
Date:	May 25, 2018
File Size:	2 MB

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Demo Questions

You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to maintain an additional ledger for management reporting and analysis purposes. They want all their department managers in the US to use the additional ledger to book internal management adjustments that are not published in their financial statements. Choose two statements that are true in the given scenario. (Choose two.)

The secondary ledger contains day-to-day transactions.
The primary ledger must contain only management adjustments.
The secondary ledger represents the complete management picture.
Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.
Use ledger sets to combine primary and secondary ledgers to get the complete management picture.

Correct answer: DE

ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books. What conversion method would you use?

Use journal-level secondary ledger conversion.
Use subledger-level secondary ledger conversion.
Use adjustment-level secondary ledger conversion.
Use both subledger-level and adjustment-level secondary ledger conversion.

Correct answer: A

ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automated adjustments. The New Delhi office does not need a complete ledger to perform management or statutory reporting. Which four statements are true in the given scenario? (Choose four.)

The Mumbai ledger is an adjustment-only secondary ledger.
Perform all adjustments in the Mumbai ledger.
Perform all day-to-day transactions in the New Delhi ledger.
Use ledger sets to combine transaction data and adjustment data.
Perform all day-to day-transactions and adjustments in the New Delhi ledger.
Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.