Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 181:

  Which three statements are true about data conversion rules? (Choose three.)

  A. Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.
  B. Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.
  C. Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.
  D. For calendar conversion, the journal effective date determines the corresponding nonadjusting period in the secondary ledger.
  E. The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.
  C. Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.
  D. For calendar conversion, the journal effective date determines the corresponding nonadjusting period in the secondary ledger.
  E. The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.

• Question 182:

  ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report is automatically created.

  Identify three components on which the Create Journal Entries Execution report reports. (Choose three.)

  A. Budget Journals
  B. Posted Journals report
  C. Payables encumbrance entries
  D. Purchasing encumbrance entries
  A. Budget Journals
  C. Payables encumbrance entries
  D. Purchasing encumbrance entries

• Question 183:

  Given the following function:

  replace(str, old, new, [n])

  What does [n] specify?

  A. an array of the old values
  B. the number of occurrences of the old that will be replaced from the beginning
  C. the number of occurrences of the old that will be skipped from the beginning
  D. an array of the new values
  D. an array of the new values

• Question 184:

  A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments:

  Company (5 values)

  Cost Centers (30 values)

  Region (4 values)

  Account (180 values)

  The total number of cash accounts is five that are associated with two parents:

  Three accounts are associated with the parent called "Checking."

  Two accounts are identified with the parent called "Savings."

  To combine the cash parents, you created a rollup group named "Cash."

  How many accounts would the summary account template generate?

  A. 10
  B. 40
  C. 60
  D. 240
  E. 1200
  A. 10

• Question 185:

  Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

  A. You can delete the budget and the budget organization after they have been defined.
  B. You cannot delete the budget or the budget organization after either has been defined.
  C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.
  D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.
  C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.

• Question 186:

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

  A. Both budget and actual balances can be consolidated.
  B. Consolidation is possible only when the subsidiaries use multiple Oracle application instances.
  C. You can consolidate balances only when there are separate ledgers for different companies.
  D. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.
  A. Both budget and actual balances can be consolidated.
  D. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.

• Question 187:

  Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

  A. have similar ledger processing options
  B. open and close periods simultaneously
  C. have tax requirements that are specific for a legal entity
  D. require autonomous document sequencing for a legal entity
  E. operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes
  A. have similar ledger processing options
  B. open and close periods simultaneously
  E. operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes

• Question 188:

  Which four attributes are validated during the Journal Import process? (Choose four.)

  A. period
  B. approval level
  C. balanced journal
  D. cross-validation rule
  E. account combination
  F. journal sequence number
  A. period
  C. balanced journal
  D. cross-validation rule
  E. account combination

• Question 189:

  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 190:

  What is the correct method to add new parts data to the CPQ Cloud database?

  A. Use the "Import from Source" function in the Migration Center to connect to the remote part system and upload the part data into a .csv file, put the .csv file in a compressed ZIP file, and use Bulk Upload to upload the part data to the CPQ Cloud site.
  B. Use the "Import from Source" function in the Migration Center to connect to the remote part system and upload the part data directly to the CPQ Cloud database.
  C. Perform a bulk-download of at least one part to capture the part file format that the CPQ Cloud site uses, populate the new part data into the downloaded part file (.csv file), enter "add" in the Update column for each new part, save the spreadsheet as a .csv file, put the .csv file in a compressed zip file, and use Bulk Upload to upload the part data to the CPQ Cloud site.
  D. Export the part data from your current part system into a .csv file, put the .csv file into a compressed zip file, and use Bulk Upload to upload the part data to the CPQ Cloud site.
  E. Use Bulk Upload to upload the data from the remote part system into a .csv file and import the file into the CPQ Cloud site.
  A. Use the "Import from Source" function in the Migration Center to connect to the remote part system and upload the part data into a .csv file, put the .csv file in a compressed ZIP file, and use Bulk Upload to upload the part data to the CPQ Cloud site.