1Z0-516 | Up to the minute Oracle 1Z0-516 examcollection
Q221. Select four key system options in Oracle Receivables that are related to customers. (Choose four.)
A. Default country
B. Receipt method
C. Automatic site numbering
D. Create reciprocal customer
E. Customer credit classification
F. Automatic customer numbering
G. Allow payment of unrelated transactions
Answer: CDFG
Q222. The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)
A. Update accounting options.
B. Approve accounting options.
C. Complete the accounting setup.
D. Create an accounting setup structure.
Answer: ACD
Q223. XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity Balancing Segment". What must be defined in order for the General Ledger Transfer process to execute without error?
A. Gain account
B. Revenue account
C. Expense account
D. Rounding account
E. Suspense account
Answer: E
Q224. Select four processes that are facilitated by the credit management workflow. (Choose four.)
A. Gathering prospect credit data
B. Analyzing prospect credit data
C. Gathering organization account credit data
D. Implementing credit decisions for individuals
E. Implementing credit decisions for organizations
F. Analyzing customer account credit data for individuals
Answer: ABCE
Q225. You created an invoice with one line item of $100 and a tax of $10. This line item is credited with an applied credit memo of $50. What is the credit to the tax line?
A. $5
B. $1
C. $10
D. $20
Answer: A
Q226. Identify three features of Oracle Workflow Builder in Oracle Workflow Architecture. (Choose three.)
A. Monitors workflows
B. Resides in Oracle Application Server
C. Defines and customizes workflow definitions
D. Saves workflow process definition in a flat-file format
E. Saves workflow process definition in a graphical file format
F. Has Navigator tree and Process diagram as its components
Answer: CDF
Q227. XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?
A. the material account associated with the inventory organization
B. the AP trade liability account associated with the operating unit
C. the asset cost account associated with an asset category in Assets
D. the asset clearing account associated with an asset category in Assets
Answer: D
Q228. Identify four purposes for which the Special Calendar is used. (Choose four.)
A. payment terms
B. recurring invoices
C. Key Indicators Report
D. automatic tax withholding
E. opening and closing payables periods
F. controlling the number of future periods
Answer: ABCD
Q229. Identify the item that requires approval through the workflow process.
A. invoices not matched to a purchase order
B. invoices that existed before you enabled the feature
C. expense reports imported through the Payables Expense Report Import Program
D. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option enabled
Answer: A
Q230. You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to maintain an additional ledger for management reporting and analysis purposes. They want all their department managers in the US to use the additional ledger to book internal management adjustments that are not published in their financial statements. Choose two statements that are true in the given scenario. (Choose two.)
A. The secondary ledger contains day-to-day transactions.
B. The primary ledger must contain only management adjustments.
C. The secondary ledger represents the complete management picture.
D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.
E. Use ledger sets to combine primary and secondary ledgers to get the complete management picture.
Answer: DE