Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 31:

  What are the five steps for creating MassAllocation journal entries? (Choose five.)

  A. posting journal entries
  B. reviewing journal entries
  C. validating cross-validation rules
  D. freezing the accounting flexfield
  E. generating MassAllocation journals
  F. creating the MassAllocation definition
  G. validating the MassAllocation definition
  A. posting journal entries
  B. reviewing journal entries
  E. generating MassAllocation journals
  F. creating the MassAllocation definition
  G. validating the MassAllocation definition

• Question 32:

  A user tries to upload the following Parts file from the ExampleParts_Testsite's.zip ZIP file by using FTP: ExampleParts_Testsite's.csv. What causes the Parts upload to fail based on the file name?

  A. The file name exceeds character limits
  B. CSV files are not valid file extensions that can be uploaded by using FTP
  C. The apostrophe used in the file name in invalid
  D. The "_" used in the file name is invalid
  C. The apostrophe used in the file name in invalid

• Question 33:

  Select the three options available when creating the Security profile for Multi-Org Access Control. (Choose three.)

  A. View all Organizations
  B. Secure by Business Groups
  C. Secure by Inventory Organizations
  D. Secure by Operating Unit and Inventory Organization
  E. Secure Organizations by Organization list and/or hierarchy
  A. View all Organizations
  D. Secure by Operating Unit and Inventory Organization
  E. Secure Organizations by Organization list and/or hierarchy

• Question 34:

  Which three statements are true about Balance Forward Billing? (Choose three.)

  A. Billing date is an optional grouping rule.
  B. Billing date value is mandatory when cycle is external.
  C. Accept Consolidated Billing Invoices program is available.
  D. Print New Consolidated Billing Invoices program is available.
  E. It considers both manual transactions and imported transactions.
  F. Activity can be consolidated across account sites, or by each billing site.
  B. Billing date value is mandatory when cycle is external.
  E. It considers both manual transactions and imported transactions.
  F. Activity can be consolidated across account sites, or by each billing site.

• Question 35:

  Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

  A. enable one-time definition of objects
  B. are referenced by several Oracle Application modules
  C. are defined in each Oracle Application module separately
  D. are owned by a single Oracle Application module for table purposes only
  E. are owned by a single Oracle Application module to designate the primary user or decision maker
  A. enable one-time definition of objects
  B. are referenced by several Oracle Application modules
  D. are owned by a single Oracle Application module for table purposes only

• Question 36:

  Which three statements are true about accounting rules? (Choose three.)

  A. Accounting rules enable you to defer revenue.
  B. Accounting rules enable you to define fixed and variable rules to recognize revenue.
  C. Accounting rules enable you to define the number of periods and percentage of total revenue that you can record in each accounting period.
  D. Accounting rules enable you to define the number of periods and amount of invoice that you can bill your customer in each accounting period.
  A. Accounting rules enable you to defer revenue.
  B. Accounting rules enable you to define fixed and variable rules to recognize revenue.
  C. Accounting rules enable you to define the number of periods and percentage of total revenue that you can record in each accounting period.

• Question 37:

  A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

  A. Ledger
  B. Chart of Accounts C. Multi-Org Structure
  D. Accounting Convention
  E. Financial Accounting Calendar
  D. Accounting Convention

• Question 38:

  ABC Corp. has a requirement to share business documents from its Oracle E-Business Suite Release12 (EBS) instance with external business-to-business (B2B) exchange partners. Select the best method that you would recommend to meet this requirement.

  A. Build a workflow process and integrate it with external B2B exchange.
  B. Use notification mailer to share the documents with external B2B exchange.
  C. Use Oracle Applications Framework to integrate with external B2B exchange.
  D. Use the Advanced Workflow Mailer functionality in Oracle E-Business Suite Release 12.
  E. Build a workflow process and use Business Event System to integrate it with an external B2B exchange partner.
  E. Build a workflow process and use Business Event System to integrate it with an external B2B exchange partner.

• Question 39:

  Your client will use the seeded credit classifications of Low Risk, Moderate Risk, and High Risk to evaluate the credit worthiness of customers. It has also created the following credit review types:

  1.

  New Credit Limit

  2.

  Domestic Credit

  3.

  International Credit

  4.

  Guarantor of Credit

  5.

  Lease Application Credit

  How many credit checklists should the management set up in Oracle Credit Management to perform credit reviews in accordance with the organization's current policies?

  A. Ten
  B. Five
  C. One
  D. Eight
  E. Three
  F. Fifteen
  F. Fifteen

• Question 40:

  Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.

  One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.

  A. Enable the security on definition by selecting the enable security check box.
  B. Remove the security on definition by deselecting the enable security check box.
  C. Exclude the assign access function for those definitions from the user's responsibility.
  D. Define security rules and specify what actions can be performed by each user or a group of users.
  E. Set up profile options against each user and specify what actions can be performed by each user or a group of users.
  C. Exclude the assign access function for those definitions from the user's responsibility.