1Z0-516 | The Update Guide To 1Z0-516 exam dumps


Q141. Your client wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client's requirements? 

A. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the parent cost centers. Create FSG based on the parent cost center values or Summary Accounts. 

B. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the Rollup Groups. 

C. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center values or Summary Accounts. 

D. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based on the parent cost centers. Create FSG based on the parent cost center values. 

E. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the parent cost center values. 

Answer: C

Q142. There are five major business functions that occur sequentially during the natural flow of the Payables processes. Consider this list of five steps: 

1. Invoice Payment 

2. Invoice Validation 

3. Invoice and Payment Accounting 

4. Supplier Entry 

5. Invoice Import/Entry 

What is the order in which these steps must be performed? 

A. 1, 2, 3, 4, 5 

B. 4, 5, 2, 1, 3 

C. 5, 3, 1, 2, 4 

D. 3, 1, 4, 2, 5 

E. 4, 2, 5, 1, 3 

Answer: B

Q143. Identify three options for preventing prepayments. (Choose three.) 

A. Release the scheduled payment. 

B. Apply one or more holds to the prepayment. 

C. Apply the holds as you would for any other invoice. 

D. Release the holds from a prepayment just as you would for any other invoice. 

Answer: BCD

Q144. Identify four required Oracle Credit Management system options. (Choose four.) 

A. Territory 

B. Legal entity 

C. Aging bucket 

D. Exchange rate type 

E. Default customer credit classification 

F. Data quality management (DQM) matching rule name 

Answer: CDEF

Q145. Select two ways in which you can complete an invoice. (Choose two.) 

A. Use the Complete button in the Transactions window. 

B. Run the concurrent program Complete Transactions. 

C. Select the complete check box in the Transactions window. 

D. Use the Complete button in the Transactions Summary window. 

E. Select the complete check box in the Transactions Summary window. 

F. Ask the technical developer to run a custom PL/SQL program to update all tables. 

Answer: AD

Q146. You are implementing Oracle General Ledger at ABC.coms site. ABC.com is based in the US but has a global presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. The GL accountant approaches you to discuss multiple reporting currencies (MRC); he wants to implement MRC and link the primary set of books with the reporting set of books. Additionally, he says that the primary and reporting sets of books all have different calendars but share the same chart of accounts. What response do you provide? 

A. The primary and reporting set of books must share the same calendar and chart of accounts. 

B. There is no problem in satisfying this requirement. 

C. The primary and reporting set of books must share the same currency and chart of accounts. 

D. The primary and reporting set of books must share the same calendar, currency and chart of accounts. 

Answer: A

Q147. Jack is implementing Oracle General Ledger for ABC Corporation. The management wants the definition of data access set with full ledger access set type for its four ledgers/ledger sets as shown here: 

Balancing Segment Value Data Access Set Type 

Ledger/Ledger Set Balancing Segment Value Privileges 

ABC Services All Read and Write 

ABC Operations 01 Read-Only 

ABC Operations 20 (Parent of child values 21-29) Read and Write 

ABC Global Industries Ledger Set All Read and 

Write Select two correct statements in this scenario. (Choose two.) 

A. Users can only view the existing data in ABC Operations for the balancing segment value 01. 

B. Users have read-only access to the data in some balancing segment values in the ledger set, ABC Global Industries. 

C. Users have read and write access to the data in some balancing segment values in the ledger set, ABC Global Industries. 

D. Responsibilities using this data access set will have read and write access to the data in ABC Services and all its balancing segment values. 

Answer: AD

Q148. Which statement is correct about the differences between the functionalities of parent accountsand summary accounts? 

A. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas. 

B. Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process. 

C. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type. 

D. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form. 

E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results. 

Answer: D

Q149. Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.) 

A. Download Web ADI. 

B. Create the database link. 

C. Determine the data to be reported. 

D. Define attributes for rows and columns. 

E. Decide which rows and columns will make up the report. 

Answer: CDE

Q150. Choose the process that can be performed after a pay run has been formatted. 

A. Change an invoice amount. 

B. Prevent payment to a supplier. 

C. Print checks from the output file. 

D. Prevent payment of a particular invoice. 

E. Add an invoice that Payables did not originally select. 

Answer: C