1Z0-516 Oracle EBS R12 Ledger Criteria, Part – 1 Exam, Attend this 1Z0-516 Oracle EBS R12 Ledger Criteria, Part – 1 Exam will get a Good Score 80% on Main Exam.
Sample Questions:
Enterprise ABC has operations in the United States and is headquartered in the UK. They have the same chart of accounts, accounting calendar, accounting method and ledger processing options. UK reported receivables management requires its US operations pounds per month. Identify the best option for the United States to report on the activities of their parents.
Create an account-level reporting currency.
Create a subledger level reporting currency
Create a magazine-level reporting currency for every transaction.
Create a balance between the level of reporting currency and the ledger to drive the translation.
None
Enterprise ABC has operations in the United States, France and Italy. The United States, France and Italy, the activities have a separate legal and regulatory requirements. Tax requirements also vary from country to country. Identify the function would perform to set up the Oracle General Ledger.
Create a separate legal entity and share the installation program for each operation
Create a single legal entity and three accounting setups in the United States, France and Italy
Create three legal entities and one in the book settings for the United States, France and Italy,
Create three legal entities each operation. Create one accounting setup for France and Italy, and one in the United States.
Create two legal entities: one in France and Italy, and one in the United States. Create two accounting setups: one in France and Italy, and one in the US
XYZ Company to implement Oracle headquarters in the United States. It has operations in Australia, the UK and China. Australian and US activities may share the same chart of accounts segments and operations of Great-Britain and China can share the same chart of accounts segment. All functions share the same calendar period, or a combination of type, but not in foreign currency. Each country requires that separate accounts must be kept. Identifies the number of legal entities to be created and the number of returning setups.
Create a single legal personality and the four accounting setups.
Create four legal persons and one accounting regulations.
The creation of two legal persons and four accounting setups.
Create four legal persons and four accounting setups.
None
ABC Enterprises has operations in the UK, France, the United States (West) and the United States (East). USA (West) is on Budgetary Control is enabled and the USA (east) is required for approval journals. All functions are the same chart of accounts, accounting and subledger accounting calendar method. USA (West) and the United States (East) operate in USD currency. Britain’s currency is the GBP, while France is EUR currency. Identify the least number of legal entities and accounting arrangements to create
1 legal entity and accounting setups 4
4 legal entities and accounting settings 1
3 3 legal entities and accounting setups
4 legal persons and 4 accounting setups
None
Choose the three criteria needed to determine the number of persons entitled to the same accounting regulations. (Choose three.)
Ledger is the same processing options
opening and closing times at the same time
is a tax requirements that are specific to the legal person
the document require Autonomous sequencing of a legal person
operate in a country that allows multiple legal entities share the same primary ledger Ledger attributes
