Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 21:

  Identify three values that you can find in the Usage Metrics Report for the last month. (Choose three.)

  A. The number of transactions for different Commerce processes created by internal users and partner organization users
  B. The number of logins by internal users in the last 30 days and the percentage of active users logged in
  C. The total data size of the CPQ site occupied on the server
  D. A list of active partner organization users with the most recent login date and time and the number of logins
  E. The total number of partner organizations and the number of active partner organizations
  F. The number of configurations completed for different product families by internal users and partner organization users
  A. The number of transactions for different Commerce processes created by internal users and partner organization users
  B. The number of logins by internal users in the last 30 days and the percentage of active users logged in
  C. The total data size of the CPQ site occupied on the server

• Question 22:

  Jack is hired as an Oracle General Ledger Implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

  A. key flexfields
  B. Journal Sources form
  C. Journal Categories form
  D. Journal Encumbrance Types form
  E. Journal approval on the Ledger Setup page
  B. Journal Sources form
  E. Journal approval on the Ledger Setup page

• Question 23:

  Consider the following requirements for integration with Salesforce:

  Transaction information needs to be pushed back to Salesforce and synchronized.

  You must be able to synchronize a transaction with up to 1,000 lines back to the Opportunity Product object in Salesforce.

  On the basis of these requirements, which three XSL sets should you use to provide the integration?

  A. SFDC Opportunity - Upload
  B. SFDC Quote ?Process Updates
  C. SFDC Products ?Upsert All (200, 400, 600, 800, 1000)
  D. SFDC Opportunity ?Import
  E. SFDC Quote - Upsert
  C. SFDC Products ?Upsert All (200, 400, 600, 800, 1000)

• Question 24:

  You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to maintain an additional ledger for

  management reporting and analysis purposes.

  They want all their department managers in the US to use the additional ledger to book internal management adjustments that are not published in their financial statements.

  Choose two statements that are true in the given scenario. (Choose two.)

  A. The secondary ledger contains day-to-day transactions.
  B. The primary ledger must contain only management adjustments.
  C. The secondary ledger represents the complete management picture.
  D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.
  E. Use ledger sets to combine primary and secondary ledgers to get the complete management picture.
  D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.
  E. Use ledger sets to combine primary and secondary ledgers to get the complete management picture.

• Question 25:

  Choose the correct sequence of events taking place in the data access set setup process.

  1.

  Define a legal entity.

  2.

  Define ledger sets.

  3.

  Define data access sets.

  4.

  Define a secondary ledger.

  5.

  Define a primary ledger.

  6.

  Assign a data access set to responsibilities.

  7.

  Define operating units.

  A. 1, 7, 5, 4, 2, 3, 6
  B. 1, 2, 3, 4, 5, 6, 7
  C. 1, 7, 4, 5, 3, 2, 6
  D. 1, 7, 3, 2, 5, 4, 6
  A. 1, 7, 5, 4, 2, 3, 6

• Question 26:

  Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

  A. You can maintain daily rates and historical rates more easily.
  B. You get improved efficiency with the help of the spreadsheet interface.
  C. You can maintain consistency among different currency conversion rates.
  D. Additional security ensures that historical rates can be uploaded to closed or future periods only.
  E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
  A. You can maintain daily rates and historical rates more easily.
  B. You get improved efficiency with the help of the spreadsheet interface.
  C. You can maintain consistency among different currency conversion rates.

• Question 27:

  Select two correct statements for the management segment qualifier in Oracle General Ledger.

  (Choose two.)

  A. The management segment can be a balancing segment.
  B. The management segment can be a natural account segment.
  C. The management segment cannot be an intercompany segment.
  D. This segment qualifier is used for management reporting and analysis.
  E. Data access sets cannot limit access to specific management segment values.
  C. The management segment cannot be an intercompany segment.
  D. This segment qualifier is used for management reporting and analysis.

• Question 28:

  The client's GL accountant comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval because the Approve button is disabled in the Enter Journals form and the supervisor has not received a notification requesting the approval. What could be the possible cause for this problem?

  A. The profile option GL: Allow Preparer Approval must be reset.
  B. One of the GL account code combinations in the journal is invalid.
  C. Authorization limits have not been defined properly and the GL period is closed.
  D. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.
  D. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.

• Question 29:

  Choose the correct sequence of the budget accounting cycle in Oracle applications.

  A-Freeze budgets.

  B-Define budgets and budget organization.

  C-Review and correct budgets.

  D-Report on budgets.

  E-Enter budget amounts.

  A. E, D, C, B, A
  B. B, E, C, D, A
  C. A, B, C, D, E
  D. E, A, B, C, D
  E. B, E, C, A, D
  E. B, E, C, A, D

• Question 30:

  Identify the minimum prerequisites that should be met for deleting an Oracle Alert.

  A. Alert has no history and no enabled action sets.
  B. Alert has no history and no outstanding responses.
  C. Alert has no enabled action sets and no outstanding responses.
  D. Alert has no history, no enabled action sets, and no outstanding responses.
  D. Alert has no history, no enabled action sets, and no outstanding responses.