1Z0-516 | 10 Tips For Renew 1Z0-516 exam dumps
Q121. Identify two features of a table-validated Value Set. (Choose two.)
A. A table-validated Value Set has no list of approved values associated with it.
B. Table-validated Value Sets obtain their lists of approved values from existing application tables.
C. The values in a table-validated Value Set are stored in Oracle Application Object Library's tables.
D. In a table-validated Value Set, you need to enter each value manually using the Segment values window.
E. A table-validated Value Set enables you to use your own application tables as Value Sets for Flexfield Segments.
Answer: BE
Q122. Identify four types of transaction flexfields. (Choose four.)
A. Key transaction flexfield
B. Line transaction flexfield
C. Link-to transaction flexfield
D. Source transaction flexfield
E. Invoice transaction flexfield
F. Reference transaction flexfield
Answer: BCEF
Q123. ABC.com, the GL accountant comes to you and says that she is running the tests to check budget functionality. She says that the GL period is closed, but she was able to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Tess was able to post the budget journal is closed. What explanation do you provide to Tess?
A. The budget year is Open.
B. The budget status is Current.
C. The Profile option Require Budget Journal is set at the set of books level.
D. The budget status is Frozen.
Answer: A
Q124. ABC.com, the GL accountant, says that she has defined the budget and she wants her assistant accountants to enter and update budgets, but she does not want this budget to be the default budget. What is your response?
A. If the client wants to do this, then the budget status should be Current.
B. If the client wants to do this, then the budget status should be Open.
C. The Oracle GL budget functionality cannot satisfy this requirement.
D. If the client wants to do this, then customization of Oracle Workflow is the only option.
Answer: B
Q125. The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used to account for _____.
A. exchange rate variance in invoices and payments
B. invoice price variance in purchase orders and invoices
C. exchange rate variance for expense items in purchase orders and invoices
D. exchange rate variance for inventory items in purchase orders and invoices
Answer: D
Q126. Identify three correct statements regarding Oracle E-Business Suite Release 12. (Choose three.)
A. Can run entirely on the Internet
B. A minimum of two modules needs to be implemented for an organization
C. Is engineered to work as an integrated system on a single IT infrastructure
D. Supports multidirectional flows of business information within an organization
Answer: ACD
Q127. Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)
A. You can select only those invoices that are due.
B. If you want to pay multiple invoices, none can be a pay-alone invoice.
C. If you want to pay multiple invoices, none can be of an invoice type of prepayment.
D. You can pay only as many invoices as you defined for the remittance advice of the payment document.
E. You can select only those invoices that have the same supplier site as the payment supplier site you enter.
Answer: BDE
Q128. Choose the correct sequence of events taking place in the data access set setup process.
1. Define a legal entity.
2. Define ledger sets.
3. Define data access sets.
4. Define a secondary ledger.
5. Define a primary ledger.
6. Assign a data access set to responsibilities.
7. Define operating units.
A. 1, 7, 5, 4, 2, 3, 6
B. 1, 2, 3, 4, 5, 6, 7
C. 1, 7, 4, 5, 3, 2, 6
D. 1, 7, 3, 2, 5, 4, 6
Answer: A
Q129. ABC.com has a legal entity in each of its business operations in the United States, Canada, Malaysia, Singapore, and Italy. The controller in Italy advises that the corporation must use the Italian statutory accounts as its natural accounts. The corporation decides to define five sets of books (one for each country) but wants to use a single, global chart of accounts structure. Choose a possible design (for the sets of books) that uses a single, global chart of accounts structure, and also meets the Italian controller's requirement.
A. The chart of accounts structure uses a different Value Set for the Account segment for Italy.
B. The length of the Account segment for Italy is different from that for the other countries.
C. The list of values in the Account segment includes a range reserved for Italy.
D. The chart of accounts structure contains an extra segment for Italy.
E. The chart of accounts structure for Italy uses Account values prefixed with a special character.
Answer: C
Q130. You are defining FSG reports to be used by different users for your customer. One of the customer requirements is that some users must be able to modify the report definition, some users must be able to only view the report definition, and other users can modify, view, and submit the report.
Which solution must be implemented to meet the customer requirement?
A. Define a separate data set for each FSG user and grant them privileges accordingly.
B. Define a separate ledger set for each FSG user and grant them privileges accordingly.
C. Define security rules and specify what actions can be performed by each user or a group of users.
D. Define definition access sets and specify what actions can be performed for a user or group of users.
E. Set up profile options for each user and specify what actions can be performed by each user or a group of users.
Answer: D