1Z0-516 | 10 Tips For Abreast of the times 1Z0-516 exam dumps
Q201. To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate and enable "Set as Offset Tax"?
A. taxes
B. tax rules
C. tax rates
D. tax statuses
E. tax regimes
Answer: A
Q202. Identify two business benefits of using Multi-Org Access Control. (Choose two.)
A. Easier assignment of security rules
B. Reporting across Operating Units using single responsibility
C. Inquiry-only access to data across different Operating Units
D. Transaction entry across Operating Units using one responsibility
E. Transaction entry across Operating Units using multiple responsibilities
Answer: CD
Q203. You are on a phased-approach implementation. Payables and Purchasing are being implemented in Phase One, and Assets in Phase Two. Identify three choices in the process for the best way to discuss supplier naming conventions and supplier site naming conventions. (Choose three.)
A. Agree upon naming conventions.
B. Gather only the Payables and Purchasing personnel.
C. Document conventions and obtain the sign-off by authorized approvers later.
D. Document conventions and obtain the sign-off by authorized approvers immediately.
E. Gather all interested parties for requirements-including Assets, Payables and Purchasing.
Answer: ADE
Q204. You receive a request to create a new menu. Instead of creating a new menu, you modify an existing menu and save it to a different User Menu Name. What happens after saving the menu with a different User Menu Name?
A. There will be two menus.
B. The original menu is disabled.
C. The new menu will not contain any functions.
D. The new menu will overwrite the original menu.
Answer: D
Q205. What are the possible posting options in Oracle General Ledger?
A. Post Journal batches individually Post multiple batches Use AutoPost B. Post Journal batches individually Post multiple journals
C. Post multiple batches Post batches that meet specific criteria by submitting a concurrent request
D. Post Journal batches individually Post multiple batches Post batches that meet specific criteria by submitting a concurrent request and using Journal Approval
Answer: A
Q206. Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax calculations. (Choose three.)
A. invoice amount $500, withholding tax $100 (20% of $500)
B. invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)
C. invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)
D. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - $250)
E. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100)
Answer: ADE
Q207. Select two correct journal types to be used based on the context provided. (Choose two.)
A. Company E wants to track availability of funds against budgets. Use encumbrance journals.
B. Company D wants to track availability of funds against budgets. Use budget journals
C. Company B wants to track floor space and other physical attributes. Use statistical journals.
D. Company A wants to track floor space and other physical attributes for Mass Allocation. Use encumbrance journals.
Answer: AC
Q208. Identify two mandatory attributes for grouping rules. (Choose two.)
A. GL date (GL_DATE)
B. Sales order (SALES_ORDER)
C. Currency (CURRENCY_CODE)
D. Accounting rule (ACCOUNTING_RULE_ID)
Answer: AC
Q209. Your client occasionally charges sales tax erroneously to some customers. The client's current process involves manually issuing a credit memo to correct the customer's account. Customers routinely deduct the sales tax from the invoice before paying. Identify two steps that can help simplify the clients current process. (Choose two.)
A. Set up AutoAccounting.
B. Set up adjustment approval limits.
C. Set up transaction type for tax adjustment.
D. Select the TAX: Allow Override of Tax Code profile option.
E. Define receivables activity of adjustment with tax accounting distribution.
F. Define receivables activity of miscellaneous cash with tax accounting distribution.
Answer: BE
Q210. Which tier in Oracle E-Business Suite Release 12 is responsible for storing application data?
A. Database Tier
B. Application Tier
C. Client (Desktop) Tier
D. Both Database Tier and Application Tier
Answer: A