1Z0-516 | The Rebirth Guide To 1Z0-516 vce
Q101. You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want to manually record them because that would be time consuming. Choose the best solution.
A. Create electronic payment batches by using a check payment method for those multiple suppliers, and destroy those checks.
B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.
C. Create electronic payment batches by using a clearing payment method for those multiple suppliers because this payment method does not generate a file.
D. Create electronic payment batches by using an electronic payment method such as EFT for those multiple suppliers, and then do not send the resulting electronic file to the bank.
Answer: B
Q102. Identify three options available to manage cash requirements. (Choose three.)
A. Include Only Due.
B. Change Pay Groups.
C. Select Payment Terms.
D. Select additional Pay Through Days.
E. Narrow the selection of invoices in pay run.
Answer: ADE
Q103. ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has multiple ledgers and needs to summarize balances across ledgers. ABC Enterprise is security conscious and wants to restrict user access on ledgers. All its ledgers share the same chart of accounts and accounting calendar or period-type combination. Identify which functionality of Oracle General Ledger serves the need of ABC Enterprise.
A. Ledgers
B. Ledger sets
C. Consolidation
D. Data access sets
E. Balance transfers
Answer: B
Q104. ABC Corp. uses Oracle E-Business Suite Release 12 and wants to design an Order Status Web inquiry screen to make order statuses visible to its customers online. How can ABC Corp. ensure that customers view only their individual order statuses?
A. By securing attributes for each customer
B. By excluding attributes for individual customers
C. By assigning a separate attribute value for INTERNAL_CONTACT_ID
D. By assigning the same attribute value for CUSTOMER_CONTACT_ID
Answer: A
Q105. Identify two implementation considerations that impact Payables during the closing process. (Choose two.)
A. Determine how often you will run the Transfer Journal Entries to GL process.
B. Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.
C. Choose the detail option to transfer details to General Ledger during the Create Accounting process.
D. Review the scheduling of the Create Accounting process to ensure that this is processed before processing pay runs.
E. Review the scheduling of the Mass Additions Create process to ensure that this is processed before the Create Accounting process.
Answer: AB
Q106. Your customer ABC Inc., has headquarters in San Diego, CaliforniA. The billing function is performed in St. Louis, Missouri. It has a plant in Baltimore, Maryland, a warehouse in Richmond, Virginia, and an assembly line in Nashville, Tennesse. John Thomas, plant supervisor at Baltimore, orders equipment from you to be shipped to the assembly line in Nashville. Later, the assembly line in Nashville will send the equipment to the warehouse in Richmond. Identify the state sales tax to apply to this invoice.
A. Virginia
B. Missouri
C. Maryland
D. California
E. Tennessee
Answer: E
Q107. You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option for primary and secondary ledgers.
A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting requirements.
B. Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger to satisfy corporate reporting requirements.
C. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-only secondary ledger to satisfy statutory reporting requirements.
D. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-only secondary ledger to satisfy corporate reporting requirements.
Answer: A
Q108. A user attempted to close the Accounts Receivable accounting period and received an error.
What could be the cause of the error?
A. AutoInvoice did not run.
B. There are lockbox interface errors.
C. Create Accounting program did not run.
D. There are existing invoice exceptions.
E. There are AutoInvoice interface errors.
F. Invoices are entered but not completed.
G. General Ledger Journal Import did not run.
Answer: C
Q109. Identify the conditions that must exist before you can apply an advance against an expense report.
A. The prepayment type is temporary and has been fully applied.
B. The prepayment type is temporary and has not been fully applied.
C. The prepayment type is permanent, has been validated, and not canceled.
D. The prepayment type is permanent and no active holds exist for the prepayment.
Answer: B
Q110. R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?
A. start
B. stop
C. save
D. submit
E. search
F. subtab
Answer: F