1Z0-516 | What High quality 1Z0-516 exam question Is?
Q181. Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)
A. Withholding tax is an account distribution process.
B. The withholding tax option can be overwritten at the invoice level.
C. If a supplier does not allow withholding tax, you cannot allow withholding tax for any of the supplier's sites.
D. Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice distribution.
E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.
Answer: CDE
Q182. Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?
A. Invoice Register
B. Create Accounting
C. Invoice Audit Listing
D. Payables Posted Payment Register
Answer: B
Q183. In the accrual process for period-end accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.)
A. processing a receipt
B. entering a purchase order
C. running the period-end accrual program
D. entering invoices and matching them in Payables
Answer: CD
Q184. Which two statements explain the role of the Desktop Tier in Oracle E-Business Suite Release 12? (Choose two.)
A. It displays the Oracle E-Business Suite Release 12 Swan user interface.
B. It manages communication between the middle tier and the database tier.
C. It is responsible for forms displayed using Java (forms-based access) or HTML JavaScript.
D. It hosts various servers and service groups that process business logic for Oracle Applications.
E. It is responsible for storing and executing most of the business logic associated with Oracle E-Business Suite Release 12.
Answer: AC
Q185. ABC Corp. is implementing General Ledger, Payables, Receivables, and Cash Management. Identify two points of integration between General Ledger, Payables, Receivables, and Cash Management. (Choose two.)
A. Payables sends bank reconciliation accounting entries to General Ledger.
B. Receivables sends accrued revenue accounting entries to General Ledger.
C. Receivables sends bank reconciliation accounting entries to General Ledger.
D. Cash Management sends bank reconciliation accounting entries to General Ledger.
E. Cash Management does not send bank reconciliation accounting entries to General Ledger.
Answer: AD
Q186. In a Multi-Org Access Control scenario, the profile option used to derive the Operating Unit for determining the tax code on GL Journals comes from _____.
A. MO: Operating Unit
B. MO: Security Profile
C. GL: Data Access Set
D. HR: Business Group
E. MO: Default Operating Unit
Answer: A
Q187. Identify the two tasks that you can achieve by using sequential numbering. (Choose two.)
A. Enable sequential invoice numbers.
B. Enable gapless sequence numbers.
C. Sequentially number GL and subledger journal entries.
D. If you use journal- or subledger-level reporting currencies and when sequences are defined for the source ledger (such as the primary or secondary ledger), the sequence number generated for the source ledger is automatically assigned to the reporting currency journal.
Answer: BC
Q188. Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)
A. Risk code
B. Credit rating
C. Payment terms
D. Credit review type
E. Credit classification
Answer: DE
Q189. Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)
A. A segment of different chart of accounts structures can share the same value set.
B. A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart of accounts structure.
C. If the same value set is used for two or more chart of accounts structures, the same security rules for that segment cannot be assigned to multiple structures.
D. It is possible to have multiple companies in the same set of books provided that they share the same chart of accounts structure, accounting calendar, and reporting currency.
Answer: AB
Q190. There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)
A. Loans
B. Purchasing
C. Bill of Materials
D. E-Business Tax
E. Order Management
F. Cash Management
G. System Administrator
Answer: ABDF