1Z0-516 | how many questions of 1Z0-516 examcollection?


Q211. Identify four functions of the Invoice Validation process. (Choose four.) 

A. applying any required holds 

B. releasing any qualifying holds 

C. applying all prepayments and discounts 

D. validating the General Ledger accounting information 

E. validating and creating accounting entries for the invoice 

F. ensuring that the total amount of all distributions equals the invoice total 

G. creating an additional distribution for any difference between the total amount of all distributions and the invoice total 

Answer: ABDF

Q212. Select three invoice types that can be entered ONLY in the Invoice Workbench, and CANNOT be entered via the Invoice Gateway. (Choose three.) 

A. debit memos 

B. credit memos 

C. prepayments 

D. PO default invoice 

E. PO standard invoice 

Answer: ACD

Q213. Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.) 

A. Ledger 

B. Legal Entity 

C. Operating Unit 

D. Security Profile 

E. Business Group 

Answer: AC

Q214. Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup. Which two are true for the creation of the accounting setup? (Choose two.) 

A. Assigning legal entities to accounting setups is compulsory. 

B. After the subledger accounting method is assigned, it cannot be changed. 

C. Before completing the accounting setup, secondary ledgers and currency can be deleted. 

D. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined. 

Answer: CD

Q215. Your company is using Oracle Receivables and Trade Management to create and resolve claims. 

A non-invoice-related claim is generated in Oracle Receivables and transferred to Trade Management for investigation. The balancing segments used for accounting on the individual transactions are: 

Claim Investigation:1001 

Unapplied Cash: 1000 

Cash: 1000 Receivables: 2000 

Receipt Write-Off: 3000 

If you are using the Account Generator to update the balancing segment values, what is the balancing segment that is derived if the claim is resolved via receipt write-off? 

A. 1000 

B. 1001 

C. 2000 

D. 3000 

Answer: A

Q216. Select two features regarding the completion of a successful customer merge in Oracle 

Receivables that support ongoing customer data cleansing efforts after go-live. (Choose two.) 

A. Customer merge activity can be reversed after the merge process. 

B. Bank details for the merge-from customer remains available after the merge process. 

C. Duplicate parties are repointed to the surviving party after the customer merge process. 

D. Duplicate customers are repointed to the surviving customer after the customer merge process. 

E. Customer sites associated with the old customer or site are associated with the new customer or site after the customer merge process. 

F. Customer transactions or audit transactions details for the merge-from customer remain available for reprinting after the customer merge process. 

Answer: DE

Q217. After creating a number of Financial Statement Generator reports, ABC.com wants a list of the definitions for one specific account. Which report should be run to provide that information? 

A. FSG: Content Set Detail Listing 

B. FSG: Report Detail Listing 

C. FSG: Where Used Report 

Answer:

Q218. Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choose three.) 

A. Enter transactions and reports in any currency. 

B. Enter exchange rates online and automatically. 

C. Translate only actual but not budgeted balances. 

D. Translate only budgeted but not actual balances. 

E. Use daily, period end, average, and historical rates. 

Answer: ABE

Q219. You are a workflow user in the Oracle E-Business Suite Release 12 instance. Identify three tasks that you can perform using Status Monitor. (Choose three.) 

A. Access notification history. 

B. View participant responses. 

C. Reassign notifications to another user. 

D. View Error information for a failed workflow. 

E. Cancel a workflow that you no longer want to run. 

F. View the status diagram of a subprocess for a particular workflow process. 

Answer: ABF

Q220. What is true about the budgetary control summary account template's indication that funds are available? 

A. It indicates that funds are available when the result is less than one, regardless of the balance type. 

B. When the summary account template is a Debit balance type, the amount is positive; when the template is a Credit balance type, the amount is negative. 

C. When the summary account template is a Debit balance type, the amount is negative; when the template is a Credit balance type, the amount is positive. 

D. It indicates that funds are available when the result is greater than one, regardless of the balance type. 

Answer: B