1Z0-516 | how many questions of 1Z0-516 practice test?


Q111. A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.) 

A. Drilldown was option not added to responsibility. 

B. Journal source was not set up to import references. 

C. Journal entry was not posted. 

D. Journal category was improperly setup. 

E. Journal import was not done. 

Answer: AB

Q112. Identify three statements that are true for electronic or wire payment. (Choose three.) 

A. A wire payment validates the supplier's bank details. 

B. More bank accounts for a supplier or supplier site can be added. 

C. Supplier banks must be assigned to the supplier for electronic payment. 

D. Payables does not require supplier bank account information for a wire payment. 

E. Electronic payment instructs the bank to make payment to a supplier bank account. 

Answer: CDE

Q113. In Oracle E-Business Suite Release 12, at which level can you exclude a function from a responsibility? 

A. Menu, submenu, or function 

B. Menu and submenu, but not function 

C. Menu and function, but not submenu 

D. Function and submenu, but not menu 

Answer: A

Q114. Tax Content Services store and maintain the master and reference data that are needed to support the other components in E-Business Tax. You use the E-Business Tax application to model details about the tax setup for all your company tax requirements. Identify the two that are NOT a subcomponent of Tax Content Services. (Choose two.) 

A. tax jurisdictions 

B. tax condition sets 

C. basic tax configuration 

D. determining factor sets 

E. country default controls 

F. exemptions and exceptions 

Answer: BD

Q115. Oracle Daily Business Intelligence (DBI) Release 12 functions are secured using the Oracle Application function security. DBI is also secured using a combination of user-based and responsibility-based data and function security. Identify five parameters used to secure dashboards. (Choose five.) 

A. District 

B. Commodity 

C. Sales Group 

D. Operating Unit 

E. Request Type 

F. Inventory Organization 

Answer: ABCEF

Q116. A summary account template is being created to perform a flash inquiry on cash balances for a chart of accounts consisting of three segments: company, department, and account. Which combination would result in zero balance? 

D = Detail 

T = Total 

A. T-T-T 

B. T-T-D 

C. T-D-D 

D. D-T-D 

E. D-D-D 

Answer: A

Q117. The clients GL accountant ABC.com comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval because the Approve Button is grayed out in the Enter Journals form, and the supervisor has not received a notification requesting the approval. What do you suggest as the possible cause for this problem? 

A. Budgetary control has been enabled for the set of books, and funds have not been reserved for the journal. 

B. Authorization limits have not been defined properly and the GL Period is closed. 

C. The Profile option Allow Preparer Approval needs to be reset. 

D. One of the GL account code combinations in the journal is invalid. 

Answer: A

Q118. When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are three clearing restrictions for Cash Management. 

1. Oracle Cash Management cannot clear bills payable that have a status of _____. 

2. Oracle Cash Management clears bills payable only if the payment status is _____. 

3. On or after the maturity date of the payment, you can update the status to _____. 

Identify the one status for the second clearing restriction. 

A. issued 

B. negotiable 

C. reconciled 

Answer: B

Q119. Select three true statements about Business Event System in Oracle Workflow. (Choose three.) 

A. Resides in Oracle Database 

B. Resides in Oracle Application Server 

C. Can be used with Workflow Engine to integrate external systems 

D. Consists of Event Manager, which lets you register workflow processes 

E. Uses Advanced Queuing to send messages from one system to another 

Answer: ACE

Q120. Which four attributes are validated during the Journal Import Verification Process? (Choose four.) 

A. Account Combination 

B. Period 

C. Balanced Journal 

D. Cross Validation Rule 

E. Set of Books 

F. Approval Level G. Journal Sequence Number 

Answer: ABCD