1Z0-516 | Refresh 1Z0-516 Exam Study Guides With New Update Exam Questions
Q191. After creating two new customers, LeftBank and RightSide, you create and complete an invoice for $105 ($100 plus $5 tax) for LeftBank. You immediately realize that you should have created the invoice for RightSide. Which three steps can you take to correct the situation? (Choose three.)
A. Change the status of the invoice to incomplete. Delete the invoice, and then enter and complete the invoice for RightSide.
B. Change the status of the invoice to incomplete. Change the customer in the invoice to RightSide. Complete the invoice.
C. Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to the account of RightSide.
D. Create an on-account credit memo for $105 for LeftBank. Apply the on-account credit memo to the invoice. Enter and complete the invoice for RightSide.
E. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transaction type that has creation sign equal to negative sign. Complete the invoice. Enter and complete the invoice for RightSide.
Answer: ABD
Q192. What is the base release for Oracle E-Business Suite Release 12?
A. 11.0.0
B. 12.0.0
C. 12.0.1
D. 11.0.1
E. 12.1.0
Answer: B
Q193. Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to review the situation. Identify what could be causing this problem.
A. The base currency has not been defined.
B. Automatic offsets have been set to balancing.
C. The primary accounting method has not been defined.
D. The Payables Accounting Process was not submitted.
E. The account for gain or loss attribute has not been enabled.
Answer: D
Q194. A Global Single Instance (GSI) provides the global enterprise with a single, complete data model. Identify three features in Oracle E-Business Suite Release 12 that support a GSI. (Choose three.)
A. Maintenance of third-party applications
B. Automation of standardized documents and audit processes
C. Decentralization of operations by regions, divisions, or processes
D. Consolidation of data centers and lowering administrative overhead
E. Capture of statutory and customary local requirements in the same database
Answer: BDE
Q195. Company XYZ has received an invoice that includes freight charges. They want to distribute the freight charges proportionately to the same accounts that were charged for the items. Identify the steps they need to follow to create the freight distributions.
A. Manually enter freight-type distributions for each account that was charged.
B. Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.
C. Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.
D. In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate, and select the distributions to which freight charges would be allocated.
Answer: D
Q196. Identify three prerequisites for the Payables period-close process. (Choose three.)
A. resolving holds
B. reconciling bank statements
C. updating matured bills payable
D. completing all receipt processing
E. confirming or canceling all pay runs
F. making adjustments to supplier invoices interfaced to Projects
Answer: ACD
Q197. The default Operating Unit in a Multi-Org-enabled form with the Operating Unit field will be defaulted from the _____.
A. Profile option MO: Operating Unit set at the user level in profile options
B. Default Operating Unit set by the user on the user preferences Web page
C. Profile option MO: Operating Unit at the responsibility level in profile options
D. Profile option MO: Default Operating Unit set at the user level in profile options
E. Profile option MO: Default Operating Unit at the responsibility level in profile options
Answer: B
Q198. The Accounting Flexfield of ABC Corporation is: Company. Department. Account. Cost Center. Identify four correct statements. (Choose four.)
A. Company is a segment in the combination.
B. The account code combination is a Key Flexfield.
C. The account code combination is identified by a structure.
D. The account code combination is a Key Flexfield as well as a Descriptive Flexfield.
E. The Flexfield appears on your form as a two-character-wide text field with brackets [ ] as its prompt.
F. Existing values for the Accounting Flexfield appear as a concatenated value having segment separators.
Answer: ABCF
Q199. The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that an entry related to the Dec-04 period has not been entered. Dec-04 has a closed status. Now that the user has all the approvals, he or she wants to know how to enter and post the journal in GL, ensuring that all balances are reflected correctly.
What must the user do?
A. Open Dec-04; enter and post the journal; close the period.
B. Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close all periods.
C. Open Dec-04; enter and post the journal; run the Trial Balance report; close the period.
D. The user cannot post to a prior period that is not in the current fiscal year. So, enter and post it in Mar-05.
Answer: C
Q200. Identify the sequence of steps to determine the Descriptive Flexfield name on a form in Oracle E-Business Suite Release 12 with Diagnostics enabled.
1) Select Help > Diagnostics > Examine.
2) The username of the DFF appears in the Value field.
3) Select the DFF name from the list of values in the "Field" field.
4) Select the "$DESCRIPTIVE_FLEXFIELD$" value for the Block name.
A. 1, 2, 3, 4
B. 1, 4, 3, 2
C. 1, 3, 4, 2
D. 4, 3, 1, 2
Answer: B