Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 221:

  Which two statements are true about invoicing rules and accounting rules? (Choose two.)

  A. If a transaction has an invoicing rule, an accounting rule is optional.
  B. If a transaction has an invoicing rule, an accounting rule is not allowed.
  C. If a transaction has an invoicing rule, an accounting rule is also required.
  D. Invoicing rules and accounting rules have no effect until invoices are paid.
  E. Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.
  F. Invoicing rules determine when invoices are due. Accounting rules affect how invoices are accounted for.
  C. If a transaction has an invoicing rule, an accounting rule is also required.
  E. Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.

• Question 222:

  Identify two Descriptive Flexfield components whose values are used to determine Contexts. (Choose two.)

  A. The Context field
  B. Global Segments
  C. The Reference field
  D. Context-sensitive Segments
  A. The Context field
  C. The Reference field

• Question 223:

  You reviewed all the reconciliation reports for month-end close. Identify the correct sequence of actions you would undertake to close the month.

  A. Run Applied Receipts Report, run AR Reconciliation Report, run Journal Import.
  B. Run AR Reconciliation Report, run Sales Journal Report, run Create Accounting Program.
  C. Run Sales Journal Report, run AR to GL Reconciliation Report, run Create Accounting Program.
  D. Run Create Accounting Program, run AR Reconciliation Report, run AR to GL Reconciliation Report.
  D. Run Create Accounting Program, run AR Reconciliation Report, run AR to GL Reconciliation Report.

• Question 224:

  In the Multi-Org model, which organization type is the highest level that impacts accounting?

  A. Ledger
  B. Operating Unit
  C. Business Group
  D. GRE/Legal Entity
  E. Inventory Organization
  A. Ledger

• Question 225:

  Identify four types of transaction flexfields. (Choose four.)

  A. Key transaction flexfield
  B. Line transaction flexfield
  C. Link-to transaction flexfield
  D. Source transaction flexfield
  E. Invoice transaction flexfield
  F. Reference transaction flexfield
  B. Line transaction flexfield
  C. Link-to transaction flexfield
  E. Invoice transaction flexfield
  F. Reference transaction flexfield

• Question 226:

  Which business flow is used for activities starting from product purchase to creating and closing service requests?

  A. Click to Order
  B. Campaign to Order
  C. Contract to Renewal
  D. Request to Resolution
  D. Request to Resolution

• Question 227:

  Select four required attributes when defining a Ledger in Oracle E-Business Suite Release

  12. (Choose four.)

  A. Calendar
  B. Currency
  C. Legal Entity
  D. Business Group
  E. Chart of Accounts
  F. Accounting Convention
  A. Calendar
  B. Currency
  E. Chart of Accounts
  F. Accounting Convention

• Question 228:

  Identify two options to which transactions can be forwarded using forwarding rules. (Choose two.)

  A. any of the users who are part of the Approval group
  B. any email address registered in the CPQ Cloud system
  C. users
  D. user groups
  C. users
  D. user groups

• Question 229:

  What two types of access do you need to be able to run year-end closing journals for all legal entities? (Choose two.)

  A. Read-only access to the ledgers
  B. Full ledger data access set type that provides read and write access to the ledger
  C. Read and write access to some of its balancing segment values and management segment values
  D. The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box
  B. Full ledger data access set type that provides read and write access to the ledger
  D. The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box

• Question 230:

  Which three BOM Mapping Tables are required to map Configuration attributes to BOM items and Commerce Transaction Line attributes using a simple Table-Based BOM Mapping Configuration rule? (Choose three.)

  A. BOM Attribute Translation
  B. BOM Attribute Mapping
  C. BOM Attribute Definition
  D. BOM Item Definition
  E. BOM Item Mapping
  A. BOM Attribute Translation
  B. BOM Attribute Mapping
  D. BOM Item Definition