Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 111:

  Daily Business Intelligence reporting is available across all major product areas. Identify the Daily Business Intelligence tool that would provide manufacturing costs for an item over time by various cost elements.

  A. Product Intelligence
  B. Financials Intelligence
  C. Purchasing Intelligence
  D. Commodity Intelligence
  E. Manufacturing Intelligence
  A. Product Intelligence

• Question 112:

  Your client wants to import paid invoices from its legacy system to Oracle Receivables. It does not want to post the paid invoices to GL or update the customer balances. How would you import invoices in this scenario?

  A. Create a transaction source and set the status to Inactive.
  B. Create a transaction source with the GL Date in a Closed Period box set to Adjust.
  C. Assign a transaction type with no values for the receivable and revenue accounts.
  D. Assign a transaction type with the Open Receivable and Post to GL boxes deselected.
  D. Assign a transaction type with the Open Receivable and Post to GL boxes deselected.

• Question 113:

  You can enter and view dates in any valid format in Oracle E-Business Suite Release 12. You can also enter and view numbers with either the period (full stop) character or comma as the decimal separator. Regardless of the various formats that can be used to enter dates and numbers, the actual values are stored in the database in the _____.

  A. UTF8 format
  B. ASCII format
  C. US7ASCII character set
  D. Standard number format
  E. Uniform canonical format
  E. Uniform canonical format

• Question 114:

  Identify four consolidation tools. (Choose four.)

  A. Interface Data Transformer
  B. Global Consolidation System
  C. Global Intercompany System
  D. Financial Statement Generator
  E. Applications Desktop Integrator
  A. Interface Data Transformer
  B. Global Consolidation System
  D. Financial Statement Generator
  E. Applications Desktop Integrator

• Question 115:

  ABC Company is implementing Oracle Financials. The finance manager wants to set up a control point before the Receivables entries are transferred to General Ledger. Which two statements are correct about the control mechanisms that Receivables can provide? (Choose two.)

  A. Oracle approval limit can be used to approve or reject the invoices.
  B. Oracle approval limit can be used to approve or reject the credit memos.
  C. Oracle approval limit can be used to approve or reject the adjustment activities.
  D. Oracle Approvals Management (AME) Workflow can be used to approve or reject the invoices.
  E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.
  F. Oracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.
  C. Oracle approval limit can be used to approve or reject the adjustment activities.
  E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.

• Question 116:

  Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

  A. Enable one-time definition of objects
  B. Are referenced by several Oracle Application modules
  C. Are defined in each Oracle Application module separately
  D. Are owned by a single Oracle Application module for table purposes only
  E. Are owned by a single Oracle Application module to designate the primary user or decision maker
  A. Enable one-time definition of objects
  B. Are referenced by several Oracle Application modules
  D. Are owned by a single Oracle Application module for table purposes only

• Question 117:

  Company X has three Operating Units: A, B, and C. Each Operating Unit has the

  MO:Security Access profile option called ABC Security assigned. Operating Unit A has both the MO: Operating Unit profile option and the MO: Default Operating Unit profile option assigned to it. Which statement is true?

  A. Paul can create transactions for the A, B, and C Operating Units.
  B. All transactions created by Paul are automatically assigned to the Operating Unit A.
  C. Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.
  D. The profile option did not include Operating Unit B and Operating Unit C due to an error by the system administrator.
  E. The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.
  A. Paul can create transactions for the A, B, and C Operating Units.

• Question 118:

  What would you do if a partner organization is no longer needed and the access of all users needs to be removed?

  A. Proxy log in as superuser, go to the list of partner organizations, and select the partner organization and delete it
  B. Open the list of partner organizations and set the value of Maximum Users to "0"
  C. Proxy log in as superuser, go to the list of partner organizations, and select Denied in the Access drop-down list
  D. Go to the list of partner organizations, perform a proxy log in as the superuser of the partner organization, go to the list of users, select all active users, and click Inactivate
  D. Go to the list of partner organizations, perform a proxy log in as the superuser of the partner organization, go to the list of users, select all active users, and click Inactivate

• Question 119:

  Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

  A. secures user access to data
  B. supports fixed asset management
  C. procures from one Legal Entity and receives in another
  D. supports multiple language installations of Oracle Applications
  E. supports any number of business units within a single installation
  A. secures user access to data
  C. procures from one Legal Entity and receives in another
  E. supports any number of business units within a single installation

• Question 120:

  During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in which the batches cannot be deleted.

  Select three scenarios that would be on the checklist. (Choose three.)

  A. The source is frozen.
  B. The journal batch has not been posted.
  C. Funds have been reserved for the batch.
  D. The journal batch has not been approved.
  E. Funds are in the process of being reserved for the batch.
  A. The source is frozen.
  C. Funds have been reserved for the batch.
  E. Funds are in the process of being reserved for the batch.