Free Oracle 1Z0-216 Exam Dumps Questions & Answers

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

• A.  Consolidating financials
• B.  Posting journal entries
• C.  Translating foreign balances
• D.  Reversing journal entries
• E.  Updating the period

Choose three tables that will be populated when the Journal Import process is run with the option to post set as "Yes." (Choose three.)

• A.  GL_JE_LINES
• B.  GL_IMPORT_REFERENCES
• C.  GL_JE_BATCHES
• D.  GL_JE_HEADERS
• E.  GL_JE_SOURCES

You can define a credit hierarchy of parties and party relationships to consolidate and display all credit data for the entire hierarchy in Credit Management. Which profile option should be set to enable this functionality?

• A.  OSC: Reporting Hierarchy
• B.  HR: BIS Reporting Hierarchy
• C.  HZ: Allow Hierarchy Copy
• D.  AR: Credit Hierarchy Type
• E.  Exchange Protocol: Allow Hierarchy

The head office of ABCCorporation is at New York, and it has a branch in Tokyo. Their ledgers have the same chart of accounts and calendar. The New York ledger uses USD, whereas the Tokyo ledger uses JPY as the functional currency. ABC Corporation has a requirement that all its branch transactions-subledger journals, General Ledger journal entries, and balances at Tokyowill have to be routinely reported in USD to New York. As an implementation consultant, which reporting currency conversion would you suggest for ABC Corporation?

• A.  Subledger-level reporting currency only
• B.  Balance-level reporting currency only
• C.  Bothsubledger-level and balance-level reporting currency
• D.  Both journal-level and balance-level reporting currency

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

• A.  Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.
• B.  Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.
• C.  For calendar conversion, the journal effective date determines the correspondingnonadjusting period in the secondary ledger.
• D.  Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.
• E.  The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.