Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 141:

  Your client has requested that you set up gapless numbering for its invoices. In your testing, you realized that the numbers for deleted invoices were missing from the sequence. How would you prevent that problem?

  A. Reuse deleted invoice numbers.
  B. Do not allow deletion of invoices.
  C. Create a custom report listing deleted invoice numbers.
  D. Select Show Deleted Invoice Numbers in your system options.
  B. Do not allow deletion of invoices.

• Question 142:

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

  A. updating the period
  B. posting journal entries
  C. consolidating financials
  D. reversing journal entries
  E. translating foreign balances
  A. updating the period

• Question 143:

  You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies.

  The implementation team decides that the GL multi-currency setup will be a part of the implementation.

  John, a junior consultant helping you in the implementation effort, tells you that he is testing the system and entering journals in USD, Yen, and Euros.

  He says that he is able to enter journals in USD and Euros, but not in Japanese Yen.

  What possible explanation can you provide to John for this?

  A. Yen has not been enabled.
  B. Rate types have not been defined for Yen.
  C. Daily rates have not been entered for Yen.
  D. Workflow must be customized for journals to be entered in Yen.
  A. Yen has not been enabled.

• Question 144:

  Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and ABC South. She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions and journal entries. Identify the right option in the given scenario.

  A. All balancing segment values will be available to enter transactions and journal entries.
  B. No balancing segment values will be available to enter transactions and journal entries.
  C. ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.
  D. ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.
  E. ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.
  A. All balancing segment values will be available to enter transactions and journal entries.

• Question 145:

  Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

  A. Ledger
  B. Legal Entity
  C. Operating Unit
  D. Security Profile
  E. Business Group
  A. Ledger
  C. Operating Unit

• Question 146:

  Identify three features of Key Flexfields. (Choose three.)

  A. Key Flexfields are used as identifiers for entities.
  B. The Key Flexfield structure comprises Segments.
  C. A Key Flexfield structure consists of multiple code combinations.
  D. Key Flexfields appear as a single-space field enclosed in brackets.
  E. Each segment of a Key Flexfield usually contains meaningful information.
  A. Key Flexfields are used as identifiers for entities.
  B. The Key Flexfield structure comprises Segments.
  E. Each segment of a Key Flexfield usually contains meaningful information.

• Question 147:

  When using Web Services 1.0, consider the following sequence of a client system calling CPQ Cloud WebServices.

  1.

  Call Security Login WebServices with User ID and Password.

  2.

  Create a Commerce updateTransaction WebServices call by using an existing transaction ID.

  3.

  Make the following updates in the web service XML:

  Set Session ID

  Set "_shipTo_first_name" to "myName"

  4.

  Submit the WebService call.

  5.

  Call Security Logout WebServices with the Session ID to close the session. Based on the given sequence, which two statements are true? (Choose two.)

  A. The call in step 4 will throw an error
  B. The Commerce transaction should be updated with the new Ship To name
  C. The session will still be open
  D. Step 3 does not specify an action to execute; therefore, nothing is updated in the transaction
  E. Step 5 is unnecessary. Session ID is not needed to log out
  C. The session will still be open
  E. Step 5 is unnecessary. Session ID is not needed to log out

• Question 148:

  What are three valid reasons for a Configuration rule failing to execute? (Choose three.)

  A. A runtime error occurs within the rule, which is firing before the current rule
  B. The status of the rule is set to Inactive
  C. The rule's Condition attributes are hidden in Configuration Layout
  D. The attributes used in the rule are not added in Configuration Layout
  B. The status of the rule is set to Inactive
  C. The rule's Condition attributes are hidden in Configuration Layout
  D. The attributes used in the rule are not added in Configuration Layout

• Question 149:

  What is the base release for Oracle E-Business Suite Release 12?

  A. 11.0.0
  B. 12.0.0
  C. 12.0.1
  D. 11.0.1
  E. 12.1.0
  B. 12.0.0

• Question 150:

  For a multi-language Document Designer template, which of the following two activities are possible for the nondefault language view?

  A. Modify date and currency formats
  B. Move text elements between elements and layouts
  C. Add new image element in a section
  D. Add or remove table element's rows and columns
  E. Change text content
  A. Modify date and currency formats
  C. Add new image element in a section