1Z0-516 | Printable Oracle 1Z0-516 dumps
Q301. You have the following information: The Accounting flexfield structure is Company-Department-Product-Account.
Product has two rollup groups: Domestic and International.
Department has one rollup group: Manufacturing.
All accounting flexfield segment values can use alphanumeric characters.
Which summary account template would Oracle General Ledger not allow you to create?
(D: Detail)
(T:Total)
A. D-D-D-D
B. T-Manufacturing-International-D
C. D-T-Domestic-D
D. D-Manufacturing-D-T
E. T-T-T-T
F. T-D-D-D
Answer: A
Q302. ABC Inc. is in the process of consolidating the financial data entry functions. There are three divisions: A, B, and C. They are defined as three separate Operating Units that share a Legal Entity and a Business Group.
To meet your client's requirement, you perform these actions:
1.Create a standard security profile and assign it to the three Operating Units.
2.Consolidate responsibilities and assign the MO:Security Profile option with the security profile created.
3.Run the Security List Maintenance program.
4.Create a global security profile and assign it to the three Operating Units.
Select the sequence of steps to be performed.
A. 1, 2, 4
B. 4, 2, 3
C. 4, 3, 2
D. 1, 2, 3
E. 1, 3, 2
Answer: E
Q303. What are the four required fields when defining a request set? (Choose four.)
A. Set
B. Owner
C. Set Code
D. Application
E. Description
F. Active Date
Answer: ACDF
Q304. The technical architecture in Oracle E-Business Suite Release 12 supports the business needs of the application. Select three technical features included in the technical architecture in Oracle E-Business Suite Release 12. (Choose three.)
A. Global
B. Mobile interface
C. Rapid implementation
D. Business Intelligence
E. End-to-end integration
F. Self-service (HTML/JSPs)
Answer: BDF
Q305. You set the GL: Journal Review Required profile option to Yes. What is the result?
A. requires generated Autoallocation Journals to be reviewed before posting
B. requires review of Recurring Journals before posting
C. requires review of journals belonging to identified categories before posting
D. requires all Journals to be reviewed before posting
E. requires review of a journal entered in GL by the approver before posting
Answer: A
Q306. ABC.com's GL accountant is responsible for taking care of recurring journals. She comes to you with a problem: she ran the Generate Recurring Journal program before the AP and Payroll entries had been posted to GL. As a result, the recurring journal entries created are incorrect. She has not yet posted the generated recurring journal, and wants to know whether she can generate it again. The Sequential Numbering profile option is set to Partially used. What response do you offer?
A. Generate this recurring journal in the previous period.
B. It is not possible under this scenario to regenerate the recurring journal.
C. Generate this recurring journal in the next period.
D. Delete the first generated recurring journal and generate it again.
E. Generate the recurring journal again, because it has not been posted yet.
Answer: D
Q307. Oracle General Ledger provides a variety of ways to get information from reports and queries. What can you do using standard reports that you cannot do using on-line queries? (Choose all that apply.)
A. group reports into report sets
B. review T-Accounts
C. view non-financial information
Answer: AC
Q308. Select the two minimum set up steps for intercompany accounting. (Choose two.)
A. Enable Balance Intercompany Journal when defining the set of books.
B. Define a clearing company for all many-to-many intercompany journals.
C. Set up intercompany accounts for journal source and journal category of Other.
D. Define a journal source and a journal category for Intercompany.
E. Include an Intercompany segment in the chart of accounts structure.
F. Set up intercompany accounts for every journal source and journal category for intercompany transactions.
G. Define a value set for the Company and Intercompany segments.
H. Enable the Intercompany Qualifier for the Intercompany segment.
Answer: AC
Q309. To achieve the maximum summary account functionality for total (T), how must the value sets for each segment of the accounting key flexfield be set?
A. Precision must be set to one.
B. The list type must be set to long list of values.
C. The maximum size of each segment of the accounting key flexfield must be five characters.
D. The format type must be set to character, and the additional option of numbers only must not be selected.
Answer: D
Q310. 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.
Answer: ABC