Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 11:

  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?

  A. Users can only view existing data for the Vision Operations ledger.
  B. Users have full read and write access to the Vision Operations ledger.
  C. Responsibilities that use this data access set can only view existing data for the Vision Services ledger.
  D. Responsibilities that use this data access set have full read and write access to the Vision Global ledger.
  A. Users can only view existing data for the Vision Operations ledger.

• Question 12:

  ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books.

  What conversion method would you use?

  A. Use journal-level secondary ledger conversion.
  B. Use subledger-level secondary ledger conversion.
  C. Use adjustment-level secondary ledger conversion.
  D. Use both subledger-level and adjustment-level secondary ledger conversion.
  A. Use journal-level secondary ledger conversion.

• Question 13:

  A customer has BOM Mapping configured on their site using a simple Table-Based BOM Mapping rule. However, they want to modify their BOM Mapping to also map an additional Configuration attribute to a Transaction Line level attribute.

  Which two methods can the customer use to achieve this? (Choose two.)

  A. Add a new entry in the BOM Item Mapping Definition table for the BOM item
  B. Add a new entry in the BOM Attribute Definition table for the BOM item
  C. Add a new entry in the BOM Attribute Mapping table for the BOM item
  D. Define an Advanced BML-Based BOM Mapping rule that populates the "attributes" node of the BOM item
  E. Define an Advanced BML-Based BOM Mapping rule that populates the "definition" node of the BOM item
  F. Define an Advanced BML-Based BOM Mapping rule that populates the "fields" node of the BOM item
  A. Add a new entry in the BOM Item Mapping Definition table for the BOM item
  D. Define an Advanced BML-Based BOM Mapping rule that populates the "attributes" node of the BOM item

• Question 14:

  After reviewing an incomplete invoice entered last week by her assistant, Jovi clicked the Complete button in the Transactions window. What are three changes this would create in Oracle Receivables? (Choose three.)

  A. This invoice can now be printed.
  B. A dunning letter is now sent to the customer for the invoice amount.
  C. This invoice now becomes eligible to be transferred to General Ledger.
  D. Payment schedules are now created based on the payment terms and invoice date.
  E. The invoice is now included in the standard aging and collection process if the transaction type has open receivables set to No.
  A. This invoice can now be printed.
  C. This invoice now becomes eligible to be transferred to General Ledger.
  D. Payment schedules are now created based on the payment terms and invoice date.

• Question 15:

  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?

  A. Formula Administration
  B. Util library function
  C. Commerce library function
  D. Auto Update
  B. Util library function

• Question 16:

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

  A. HR: User Type
  B. MO: Operating Unit
  C. MO: Security Profile
  D. HR: Business Group
  E. MO: Default Operating Unit
  C. MO: Security Profile

• Question 17:

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

  A. There is a predefined list of values for a segment.
  B. The values are stored in a product applications table.
  C. The values are stored in an Oracle Application Object Library table.
  D. You can enter a value other than those in the predefined list of values.
  A. There is a predefined list of values for a segment.
  C. The values are stored in an Oracle Application Object Library table.

• Question 18:

  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.

  A. Create an account-level reporting currency.
  B. Create a subledger-level reporting currency.
  C. Create a journal-level reporting currency for every transaction.
  D. Create a balance-level reporting currency and run general ledger translation.
  B. Create a subledger-level reporting currency.

• Question 19:

  The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period. You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?

  A. The budget year is open.
  B. The budget status is frozen.
  C. The budget status is current.
  D. The Require Budget Journal profile option is set at the set of books level.
  A. The budget year is open.

• Question 20:

  Identify three true statements regarding Multiple Organization reporting. (Choose three.)

  A. Cross Organization reports and multiple Organization reports are the same.
  B. Cross Organization reports can be submitted for a Reporting Level of Ledger.
  C. Multiple Organization reports can be submitted for a Reporting Level of Ledger.
  D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.
  E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.
  F. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.
  B. Cross Organization reports can be submitted for a Reporting Level of Ledger.
  D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.
  E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.