Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 91:

  Invoice batching provides checks and balances that are not available in a single invoice. Choose two reasons why you might want to enter invoices in batches. (Choose two.)

  A. You can print invoices by batch.
  B. Batching provides default values for invoice fields.
  C. You can post invoices to General Ledger by batch.
  D. You can apply cash receipts directly to a batch of invoices.
  A. You can print invoices by batch.
  B. Batching provides default values for invoice fields.

• Question 92:

  Which three activities would use summary accounts? (Choose three.)

  A. creating a monthly recurring standard journal entry to amortize goodwill
  B. allocating the total monthly costs of the Information Services department to other departments
  C. estimating a sales commission accrual based on the total of all product sales for each division
  D. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries
  B. allocating the total monthly costs of the Information Services department to other departments
  C. estimating a sales commission accrual based on the total of all product sales for each division
  D. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

• Question 93:

  ABC Corporation has set up the Accounting Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle". Identify three correct statements. (Choose three.)

  A. The Descriptive Flexfield is called an "intelligent key structure."
  B. The Descriptive Flexfield for the asset category "Vehicle" captures only additional information.
  C. The Descriptive Flexfiedl for the asset category "Vehicle" appears as a normal field on a form.
  D. The combination of values in the Accounting Flexfield identifies a particular business entity or class of entities.
  E. You can define cross-validation rules to control the allowable combinations of segment values for the Accounting Flexfield.
  B. The Descriptive Flexfield for the asset category "Vehicle" captures only additional information.
  D. The combination of values in the Accounting Flexfield identifies a particular business entity or class of entities.
  E. You can define cross-validation rules to control the allowable combinations of segment values for the Accounting Flexfield.

• Question 94:

  Your client is implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by the report. Identify three applications that can be reported by the Tax Reporting Ledger. (Choose three.)

  A. Treasury
  B. Payables
  C. Purchasing
  D. Receivables
  E. General Ledger
  F. Cash Management
  G. Order Management
  B. Payables
  D. Receivables
  E. General Ledger

• Question 95:

  What is the effect of summary accounts on the efficiency of the posting process?

  A. Use summary accounts in the posting process to accumulate values.
  B. Use summary accounts in the posting process to not accumulate values.
  C. Use of summary accounts increases the efficiency of the posting process.
  D. Use of summary accounts decreases the efficiency of the posting process.
  D. Use of summary accounts decreases the efficiency of the posting process.

• Question 96:

  Identify four steps involved in the setup for late charges. (Choose four.)

  A. Assigning different policies to your customers
  B. Indicating by transaction type if a late charge policy is enforced
  C. Enabling late charges in the Receivables System Options form
  D. Enabling late charges in the System Profiles form at the user level
  E. Deriving accounting from transaction type when late charges are in adjustment format
  F. Indicating if a specific invoice should be exempt from late charges at the transaction level
  A. Assigning different policies to your customers
  B. Indicating by transaction type if a late charge policy is enforced
  C. Enabling late charges in the Receivables System Options form
  F. Indicating if a specific invoice should be exempt from late charges at the transaction level

• Question 97:

  Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

  A. Create aliases.
  B. Define a value set.
  C. Define security rules.
  D. Define an account structure.
  E. Define valid segment values.
  F. Create account combinations.
  B. Define a value set.
  D. Define an account structure.
  E. Define valid segment values.

• Question 98:

  ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have a substantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that can be used for uploading data by using Web ADI. (Choose four.)

  A. HRMS data
  B. Assets data
  C. Vendors data
  D. Budgets data
  E. Inventory data
  F. Customers data
  A. HRMS data
  B. Assets data
  D. Budgets data
  E. Inventory data

• Question 99:

  Identify the Receivable interface table into which the receipt information contained in the bank file can be loaded by using a SQL*Loader script.

  A. AR_PAYMENTS_INTERFACE_ALL
  B. AR_INTERIM_CASH_RECEIPTS_ALL
  C. AR_INTERIM_CASH_INTERFACE_ALL
  D. AR_INTERIM_CASH_RCPT_LINES_ALL
  E. AR_INTERIM_PAYMENTS_INTERFACE_ALL
  A. AR_PAYMENTS_INTERFACE_ALL

• Question 100:

  Identify two features of a Value Set that has a validation type of "None." (Choose two.)

  A. It has an approved list of values associated with it.
  B. The entered value must meet the formatting requirements.
  C. The Flexfield value security rules cannot be used for a segment that uses this Value Set.
  D. Users can enter any value that they want even if it does not meet formatting requirements.
  B. The entered value must meet the formatting requirements.
  C. The Flexfield value security rules cannot be used for a segment that uses this Value Set.