Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 201:

  During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.

  Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

  A. Define Value Sets and assign them to Segments.
  B. Define Segments in the Accounting FlexField structure.
  C. Qualify one of the Segments as the Balancing Segment.
  D. The Key Flexfield Segments have to be enabled and displayed.
  E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.
  E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

• Question 202:

  The company's two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials and submit budgets to both of them. What would be your response?

  A. It is not possible to have more than one current budget.
  B. Whether you can have multiple current budgets depends on the budget organization.
  C. The Require Budget Journal profile option must be set at the budget level if you want to have multiple current budgets.
  D. The Require Budget Journal profile option must be set at the set of books level if you want to have multiple current budgets.
  E. The Oracle General Ledger budget functionality supports multiple current budgets, so there is no problem in satisfying this requirement.
  A. It is not possible to have more than one current budget.

• Question 203:

  Which operation is allowed in a BMQL query?

  A. SELECT, INSERT, and DELETE
  B. SELECT and UPDATE
  C. SELECT, INSERT, and UPDATE
  D. SELECT
  B. SELECT and UPDATE

• Question 204:

  There are three invoice correction methods: underinvoicing, overinvoicing, and invalid transactions. Which option lists all the correct underinvoicing choices?

  A. Void, delete
  B. Void, delete, re-create invoice
  C. Update invoice, create a debit memo, perform an adjustment
  D. Update invoice, create a credit memo, create an on-account credit memo, perform an adjustment, refund
  C. Update invoice, create a debit memo, perform an adjustment

• Question 205:

  Identify two functions the Revenue Accounting Management (RAM) Wizard performs in Oracle Receivables. (Choose two.)

  A. Apply receipts
  B. Resolve claims
  C. Adjust sales credits
  D. Execute the invoicing process
  E. Manage revenue contingrncies
  C. Adjust sales credits
  E. Manage revenue contingrncies

• Question 206:

  A Global Single Instance (GSI) provides the global enterprise with a single, complete data model. Identify three features in Oracle E-Business Suite Release 12 that support a GSI. (Choose three.)

  A. Maintenance of third-party applications
  B. Automation of standardized documents and audit processes
  C. Decentralization of operations by regions, divisions, or processes
  D. Consolidation of data centers and lowering administrative overhead
  E. Capture of statutory and customary local requirements in the same database
  B. Automation of standardized documents and audit processes
  D. Consolidation of data centers and lowering administrative overhead
  E. Capture of statutory and customary local requirements in the same database

• Question 207:

  Your client has set up Oracle Lease Management (OKL) and Oracle Credit Management (OCM) without scoring models. Which three tasks can be successfully completed by Oracle Workflow in OCM without manual intervention? (Choose three.)

  A. Creating a case folder
  B. Calculating a credit score
  C. Creating a credit application
  D. Creating a final credit recommendation
  E. Sending notifications to the credit scheduler
  A. Creating a case folder
  C. Creating a credit application
  E. Sending notifications to the credit scheduler

• Question 208:

  Given the following code:

  

  Which statement will return the value for results as 25.0 when it is put in place of the blank line shown above the "}else{" statement?

  A. results = stringtofloat (var);
  B. results = stringtointeger (var);
  C. results = atoi (var);
  D. results = atof (var);
  B. results = stringtointeger (var);

• Question 209:

  Employee information in Oracle E-Business Suite Release 12 is partitioned by ___________.

  A. Legal Entity
  B. Operating Unit
  C. Business Group
  D. HR Organization
  E. Inventory Organization
  C. Business Group

• Question 210:

  You want to perform a configuration migration from a development site to a QA site. What is the Oracle-recommended way to accomplish this?

  A. Download the components that need to be migrated from the development site and upload them to the QA site
  B. Open Migration Center in the QA site, log in to the development site through the Migration Center section, select the components that need to be migrated, and start the migration
  C. Open Migration Center in the development site, log in to the QA site through the Migration Center section, select the components that need to be migrated, and start the migration
  D. Using a DB Link, log in to the development site through the Migration Center section, select the components that need to be migrated, and start the migration
  B. Open Migration Center in the QA site, log in to the development site through the Migration Center section, select the components that need to be migrated, and start the migration