Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 211:

  Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup. Which two are true for the creation of the accounting setup? (Choose two.)

  A. Assigning legal entities to accounting setups is compulsory.
  B. After the subledger accounting method is assigned, it cannot be changed.
  C. Before completing the accounting setup, secondary ledgers and currency can be deleted.
  D. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.
  C. Before completing the accounting setup, secondary ledgers and currency can be deleted.
  D. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.

• Question 212:

  Which Oracle resource would you use to log, manage, and resolve product-related issues that you encounter in Oracle E-Business Suite Release 12?

  A. AppsNet
  B. MetaLink
  C. AppsWorld
  D. Bug Database
  E. Oracle Technology Network (OTN)
  B. MetaLink

• Question 213:

  ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing.

  ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll.

  An accrual journal entered on 29-Apr-05 will be reversed on the __________.

  A. first day of the next period
  B. next day in the same period
  C. next business day in the same period
  D. next business day in the same period or the next period, based on the transaction calendar
  D. next business day in the same period or the next period, based on the transaction calendar

• Question 214:

  John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company.

  John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies.

  What does John say to help Sam?

  A. Currency Rates Manager automatically converts all transactions entered in INR to USD.
  B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.
  C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.
  D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.
  E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.
  C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.

• Question 215:

  A debit memo reversal must be utilized to reverse the receipt if_____ .

  A. Receipt is a non-invoice-related receipt
  B. Receipt has an open claim associated with it
  C. Receipt has been reconciled in Cash Management
  D. Receipt has a remitted credit card refund application
  D. Receipt has a remitted credit card refund application

• Question 216:

  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 217:

  Which two items are necessary to migrate between environments? (Choose two.)

  A. Environments must have similar urls (for example, testcustomer and devcustomer)
  B. Environments must be on the same minor release (for example, 2016R2 update 2)
  C. Environments must be on the same major release (for example, 2016R2)
  D. Administrators must have FullAccess logins for both environments
  E. Entities to be migrated must be deployed within 24 hours of the migration
  B. Environments must be on the same minor release (for example, 2016R2 update 2)
  D. Administrators must have FullAccess logins for both environments

• Question 218:

  How should an administrator set up a conditional restriction for access to a Product Family?

  A. by providing conditional access criteria in the Restricted Access section of the home page setup
  B. by setting up a restricted profile and user group in Commerce and hiding the add, reconfigure, and delete product options
  C. by writing a Constraint rule at the Product Family level
  D. by hiding the model Punch-In on the home page by using JavaScript
  A. by providing conditional access criteria in the Restricted Access section of the home page setup

• Question 219:

  AutoAccounting automatically generates accounting flexfields for Receivables transactions.

  Identify four accounts generated by AutoAccounting. (Choose four.)

  A. Tax
  B. Freight
  C. Payable
  D. Discount
  E. Revenue
  F. Receivable
  A. Tax
  B. Freight
  E. Revenue
  F. Receivable

• Question 220:

  When defining a new user, which Type value can grant a user account complete access to the CPQ Cloud site?

  A. AdminAccess with Create/Modify Users selected
  B. Root with Create/Modify Users selected
  C. Administration with Create/Modify Users selected
  D. FullAccess with Create/Modify Users selected
  E. Superuser with Create/Modify Users selected
  A. AdminAccess with Create/Modify Users selected