1Z0-516 | A Review Of Refined 1Z0-516 vce
Q91. Identify a correct statement about profile classes.
A. Credit checking is managed in Receivables and Credit Management.
B. Late charge type includes adjustment, debit memo, and interest invoice.
C. Profile classes can be assigned to party, customer account, and account site levels.
D. Profile classes can be assigned at the site level if the site has active bill-to and ship-to address purposes.
E. Profile classes include credit check, credit collector, payment term, statement cycle, and statement-to address.
Answer: B
Q92. Profile Option Security Hierarchy levels are Application, Site, Responsibility, and User. Which two are correct about the hierarchy levels? (Choose two.)
A. User overrides Site.
B. Site overrides User.
C. Application overrides User.
D. Responsibility overrides Site.
E. Application overrides Responsibility.
Answer: AD
Q93. Identify three statements that are true for entering bank and branch details. (Choose three.)
A. Each bank must have at least one bank branch.
B. The bank account number is free-formatted information.
C. Banks and bank branches are created for Cash Management.
D. Bank accounts cannot be shared between bank and bank branches.
E. Each bank can have multiple branches and each branch can have multiple accounts.
Answer: ABE
Q94. Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?
A. Oracle Assets
B. Oracle Projects
C. Oracle Treasury
D. Oracle Receivables
E. Oracle Property Manager
Answer: C
Q95. You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:
1. They want to be able to pay only certain types of suppliers by batch.
2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention.
3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is automatically not issued.
To meet the above requirements, you perform these steps:
a) Set up suppliers with pay groups for each type, and use them when running the payment batch.
b) Set up the payment batch with Maximum Outlay equal to $100,000 USD.
c) Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD. Which requirements have you met?
A. 2 and 3
B. 1, 2 and 3
C. 1 and 2
D. 1 and 3
Answer: D
Q96. 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.
Answer: BDE
Q97. Select four tips that can be used to speed up data entry. (Choose four) A. Use quick invoices.
B. Use distribution sets.
C. Use recurring invoices.
D. Use keyboard shortcuts.
E. Use only invoices without holds.
Answer: ABCD
Q98. AutoAccounting automatically generates accounting flexfields for Receivables transactions.
Identify four accounts generated by AutoAccounting. (Choose four.)
A. Tax
B. Freight
C. Payable
D. Discount
E. Revenue
F. Receivable
Answer: ABEF
Q99. Your client is closing its first period. The Accounting Manager informs you that she is unable to transfer payables to the general ledger or run other reports. She is using the Company XYZ Payable Manager responsibility. What is the likely cause of this error?
A. The responsibility is set up with menu exclusions.
B. The responsibility is set up without a request group.
C. The responsibility is set up with security attributes.
D. The responsibility is set up without a data group.
Answer: B
Q100. Identify three features of Multi-Org. (Choose three.)
A. The data can be logically partitioned.
B. Users can be assigned to specific organizations.
C. It defines organizations and the relationships between them.
D. Multiple installations of Oracle Applications products are needed.
E. It enables at most two business units to use a single installation of Oracle Applications.
Answer: ABC