Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 61:

  Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)

  A. Attach the fiscal calendar.
  B. Define rows and columns.
  C. Build a report by using rows and columns.
  D. Specify the default ledger for ledger sets.
  E. Determine which rows and columns make up your report.
  A. Attach the fiscal calendar.
  D. Specify the default ledger for ledger sets.

• Question 62:

  Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary.

  What is the next logical step in the period-close process?

  A. opening the next period
  B. closing the current period
  C. revaluing foreign currency balances
  D. translating to the functional currency
  E. consolidating to the parent set of books
  C. revaluing foreign currency balances

• Question 63:

  Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year.

  The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods.

  Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)

  A. Use the divide evenly rule with the 4/4/4 spread.
  B. Use the divide evenly rule with the 4/5/4 spread.
  C. Use the divide evenly rule with the 5/4/4 spread.
  D. Use the divide evenly rule with the 4/4/5 spread.
  B. Use the divide evenly rule with the 4/5/4 spread.
  C. Use the divide evenly rule with the 5/4/4 spread.
  D. Use the divide evenly rule with the 4/4/5 spread.

• Question 64:

  Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)

  A. Ledger
  B. Legal Entity
  C. Operating Unit
  D. Reporting Level
  E. Reporting Context
  D. Reporting Level
  E. Reporting Context

• Question 65:

  Identify the component in Subledger Accounting that enables you to meet the requirements of multiple accounting representations for an event.

  A. Event Definition
  B. Event Classification
  C. Subledger Accounting Method
  D. Application Accounting Definition
  D. Application Accounting Definition

• Question 66:

  When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)

  A. The formula must be identified.
  B. The currency must be identified.
  C. The amount type must be identified.
  D. A debit or credit balance type must be assigned.
  C. The amount type must be identified.
  D. A debit or credit balance type must be assigned.

• Question 67:

  John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger.

  John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

  A. Merge the primary ledger and the secondary ledger, and run reports.
  B. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.
  C. Transfer transactional data from the primary ledger to the secondary ledger while running reports.
  D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.
  D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.

• Question 68:

  All receipts that fail validation during AutoLockbox processing remain in the _____ table.

  A. AR_PAYMENT_SCHEDULE
  B. AR_PAYMENTS_INTERFACE_ALL
  C. AR_INTERIM_CASH_RECEIPTS_ALL
  D. AR_INTERIM_CASH_RCPT_LINES_ALL
  B. AR_PAYMENTS_INTERFACE_ALL

• Question 69:

  Identify three correct statements about the Operating Unit in a Multi-Org model of Oracle E-Business Suite Release 12. (Choose three.)

  A. It is the highest level in the Multi-Org structure.
  B. It is an organization type that secures transaction data.
  C. An Operating Unit can be assigned to multiple Legal Entities.
  D. An Operating Unit can be associated with a single Legal Entity.
  E. Multiple Operating Units can be assigned to a single responsibility.
  B. It is an organization type that secures transaction data.
  D. An Operating Unit can be associated with a single Legal Entity.
  E. Multiple Operating Units can be assigned to a single responsibility.

• Question 70:

  Identify three types of activities that are captured in Administration logs. (Choose three.)

  A. creation of configuration objects
  B. modification of Commerce process objects
  C. deployment of configuration product families
  D. creation of data tables
  E. migrations with the site as target
  F. uploading of files in File Manager
  B. modification of Commerce process objects
  C. deployment of configuration product families
  E. migrations with the site as target