Free 1Z0-516 Exam Dumps Preview

Select two actions that ledger sets permit. (Choose two.)

You created an invoice with one line item of $100 and a tax of $10. This line item is credited with an applied credit memo of $50.

What is the credit to the tax line?

Select three true statements about mapping rules. (Choose three.)

Identify the four resources that Oracle Technology Network (OTN) provides. (Choose four.)

AutoAccounting automatically generates accounting flexfields for Receivables transactions.

Identify four accounts generated by AutoAccounting. (Choose four.)

XYZ Enterprises, a US-based export firm, has two offices in the US (East) and the US (West). They use their primary ledger for their US operations, and an additional ledger for management analysis and reporting. They use five segments for their accounting flexfield: company, department, account, product, and future. Select the minimum number of required flexfield qualifiers that they would be using for the accounting structure. (Choose three.)

Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

After creating a number of Financial Statement Generator reports, ABC Company wants a list of the definitions for one specific account. Identify the report that would provide this information.

A multi-select attribute with five options is displayed as check boxes. Depending on the conditions, the Configurator should show a user three of these five options.

How do you accomplish this?

There are three invoice correction methods: underinvoicing, overinvoicing, and invalid transactions.

Which option lists all the correct underinvoicing choices?

ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options.

UK management requires reporting on receivables from its US operations in GBP each month.

Identify the best option for the US operations to report to their parent.

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

Select the correct sequence of tasks required for period closing in Oracle General Ledger.

1. Verify that all journals are posted.
2. Close the period of each subledger.

3. Run the Trial Balance report and other month-end reports.
4. Close the period and open the next period.
5. Perform reconciliation of subsidiary ledgers.
6. Transfer and import data from all subledgers.

ABC Inc. wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year-end is March 31.

The normal month-end is on a Friday, but the last day of each quarter is always on the last day of the
quarter's final calendar month.

Select the remaining setup for the calendar to meet the requirement.

What is the order of execution when a new transaction is created?

Your client has set up Oracle Lease Management (OKL) and Oracle Credit Management (OCM) without scoring models.

Which three tasks can be successfully completed by Oracle Workflow in OCM without manual intervention? (Choose three.)

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula.

What would be your response?

During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative.

Identify the solution that must be implemented to meet the customer's requirements.

Based on default values, which statement is false about automatic FTP (File Transfer Protocol) processing in CPQ Cloud?

You are the Human Resources lead for the ERP Implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger.

John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

Identify the profile option that is required to enable Multi-Org Access Control for multiple Operating Units.

When defining a new user, which Type value can grant a user account complete access to the CPQ Cloud site?

The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

Which two scenarios can be automated with File Transfer Protocol (FTP)? (Choose two.)

You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation.

Identify two setups required for journal approval. (Choose two.)

Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.

One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports.
Identify the correct option to meet customer requirements.

Identify two features of an "Independent" value set. (Choose two.)

Select two correct journal types to be used based on the context provided. (Choose two.)

Which item cannot be queried in the Find Consolidation Process window?

Identify the minimum prerequisites that should be met for deleting an Oracle Alert.

A client wants customers to be able to select a laptop category from a drop-down list in the Product Configuration section. After the laptop category is selected, all laptops within that category need to be displayed without the user having to do any more selections.

Which option meets this requirement?

Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

Party Merge provides the capability to merge parties and their related entities in the Oracle Trading Community Architecture (TCA) Registry, thereby eliminating duplicate data in the Registry. Select four entities that can be successfully merged using the Party Merge functionality. (Choose four.)

The following BML code in Config encountered an HTTP 404 error from someurl.com.

urldatabypost("http://someurl.com", "a1=v1&a2=v2", "call failed")

Which two statements are true? (Choose two.)

You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France.

The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals.

What would be the minimum number of setups needed to meet this need?

The data access set with the full ledger access set type defines three ledgers/ledger sets:

1. Full ledger access set type
2. Ledger/ledger set Sets privileges
3. Vision Services read and write
4. Vision Operations read-only

5. Vision Global read-only

Which statement is correct?

Identify three values that you can find in the Usage Metrics Report for the last month. (Choose three.)

There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional.

Which two setup steps are optional? (Choose two.)

You are the manufacturing lead for XYZ's implementation of Oracle E-Business Suite Release 12.

Your client has these requirements:

1. Create a production plan.
2. Analyze Sales Order information.
3. Calculate capacity load ratio by resource or production line.
4. Analyze resources, materials, costs, and job schedule progress.

Identify the two flows you would implement to accomplish these requirements. (Choose two.)

BT Inc. is implementing Oracle Accounts Receivable to interface with an external non-Oracle legacy billing system. The client wants Receivables to generate accounting entries, instead of sending accounting data through the interface. Identify four setup items that are used by Receivables to generate the General Ledger (GL) code combinations. (Choose four.)

ABC Corp. has the following Organization Structure:

1. Legal Entity: A
2. Operating Units: B and C
3. Balancing Entities: 10, 20, and 30

Identify three correct statements regarding the Balancing Entity. (Choose three.)