Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 251:

  Computer Operations Inc. has its headquarters in Frankfurt. It uses two ledgers: one for corporate accounting (primary) and another for statutory reporting (secondary). Both ledgers have different charts of accounts and accounting calendars but use EUR as the functional currency. It has a subsidiary in California, which uses its own chart of accounts and the USD currency. Identify two options by which Computer Operations Inc. can consolidate their global operations. (Choose two.)

  A. A secondary ledger must be defined for California.
  B. Consolidation can be done by mapping between the California secondary ledger and the Frankfurt secondary ledger.
  C. A new ledger set must be defined, which will group the Frankfurt primary ledger and the California secondary ledger.
  D. The chart of accounts and calendar of the Frankfurt secondary ledger must be the same as that of the California secondary ledger.
  A. A secondary ledger must be defined for California.
  C. A new ledger set must be defined, which will group the Frankfurt primary ledger and the California secondary ledger.

• Question 252:

  You are the manufacturing lead for XYZ's implementation of Oracle E-Business Suite Release 12.

  Your client has these requirements:

  1.

  Create a production plan.

  2.

  Analyze Sales Order information.

  3.

  Calculate capacity load ratio by resource or production line.

  4.

  Analyze resources, materials, costs, and job schedule progress.

  Identify the two flows you would implement to accomplish these requirements. (Choose two.)

  A. Click to Order
  B. Order to Cash
  C. Procure to Pay
  D. Forecast to Plan
  E. Demand to Build
  D. Forecast to Plan
  E. Demand to Build

• Question 253:

  The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

  A. Update accounting options.
  B. Approve accounting options.
  C. Complete the accounting setup.
  D. Create an accounting setup structure.
  A. Update accounting options.
  C. Complete the accounting setup.
  D. Create an accounting setup structure.

• Question 254:

  Which statement is a proper definition of a Punch-In?

  A. Punch-Ins are links that hook into specific product families in the system. They can be used to navigate directly from a product family to another in your application. They can also be used to jump into a specific product family from an external website.
  B. Punch-Ins are links that hook into specific pages in the system. They can be used to navigate directly from one page to another in your application. They can also be used to jump to a specific page from an external website.
  C. Punch-Ins are buttons that take you to specific pages in the system. They can be used to navigate directly from one page to another in your application.
  D. Punch-Ins are links that relate into specific parts in the system. They can be used to search directly for a given part in your application. They can also be used to search for a specific part from an external website.
  E. Punch-Ins are links that hook into a specific Commerce process in the system. They can be used to navigate directly to a given Commerce process in your application. They can also be used to jump into a specific Commerce process from an external website.
  B. Punch-Ins are links that hook into specific pages in the system. They can be used to navigate directly from one page to another in your application. They can also be used to jump to a specific page from an external website.

• Question 255:

  Which are three testing strategies for Oracle CPQ Cloud? (Choose three.)

  A. Perform isolated tests as well as intra-system and cross-system integration tests
  B. Test cases should be directly linked to business requirements
  C. Avoid using a test case tracking tool because it is time consuming to track all of the testing team's efforts
  D. Create specific test data for accounts, opportunities, and contracts in the CRM system and use that data to perform end-to-end tests for CPQ Cloud quotes
  A. Perform isolated tests as well as intra-system and cross-system integration tests
  B. Test cases should be directly linked to business requirements
  D. Create specific test data for accounts, opportunities, and contracts in the CRM system and use that data to perform end-to-end tests for CPQ Cloud quotes

• Question 256:

  In Commerce, what is the order of operations for the standard Modify sequence?

  A. Modify tab, Advanced Default function, Formulas, After Formulas Advanced Modify function
  B. Modify tab, Before Formulas Advanced Modify function, After Formulas Advanced Modify function
  C. Modify tab, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
  D. Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
  E. Integration, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
  C. Modify tab, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function

• Question 257:

  A user attempted to close the Accounts Receivable accounting period and received an error.

  What could be the cause of the error?

  A. AutoInvoice did not run.
  B. There are lockbox interface errors.
  C. Create Accounting program did not run.
  D. There are existing invoice exceptions.
  E. There are AutoInvoice interface errors.
  F. Invoices are entered but not completed.
  G. General Ledger Journal Import did not run.
  C. Create Accounting program did not run.

• Question 258:

  Identify two places where you can define a legal entity. (Choose two.)

  A. set of books
  B. data access set
  C. Legal Entity Configurator
  D. HRMS organization setup
  E. Accounting Setup Manager
  C. Legal Entity Configurator
  E. Accounting Setup Manager

• Question 259:

  In which two locations are the keywords for mobile processing of quotes defined when setting up approvals? (Choose two.)

  A. Mobile Approval Email Notification
  B. Submit sub-action - Reject
  C. Submit sub-action - Approve
  D. Submit sub-action ?Submit for Approval
  B. Submit sub-action - Reject
  C. Submit sub-action - Approve

• Question 260:

  When creating a connection for a CPQ SOAP Endpoint in ICS, which format is expected?

  A. https://
  B. https:///ics/catalog
  C. https:///v2_0/receiver/commerce/oraclecpqo?WSDL
  D. https:///v1/receiver?WSDL
  C. https:///v2_0/receiver/commerce/oraclecpqo?WSDL