1Z0-516 | All About Simulation 1Z0-516 practice test
Q151. Which two actions would you perform by using the column set builder function? (Choose two.)
A. assigning accounts
B. creating the format mask
C. defining calculations in the new column
D. sorting rows based on values in a column
Answer: BC
Q152. You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.
A. Enter Payments
B. Invoice Overview
C. Invoice Distributions
D. Scheduled Payments
Answer: D
Q153. You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?
1. Review proposed payments.
2. Print payments.
3. Create payment instructions.
4. Select and build proposed payments.
5. Mark payments as complete.
A. 4, 2, 1, 5, 3
B. 4, 1, 3, 2, 5
C. 2, 4, 1, 3, 5
D. 5, 4, 1, 2, 3
Answer: B
Q154. Select four required attributes when defining a Ledger in Oracle E-Business Suite Release 12. (Choose four.)
A. Calendar
B. Currency
C. Legal Entity
D. Business Group
E. Chart of Accounts
F. Accounting Convention
Answer: ABEF
Q155. The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period. You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?
A. The budget year is open.
B. The budget status is frozen.
C. The budget status is current.
D. The Require Budget Journal profile option is set at the set of books level.
Answer: A
Q156. Which report would provide information about the processing type (parallel or sequential) that may be defined for reports?
A. Report Detail Listing
B. Content Set Summary Listing
C. Row Set Summary Listing
Answer: B
Q157. Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)
A. excise
B. property
C. customs duty
D. vehicle license
E. recoverable tax
Answer: BD
Q158. Daily Business Intelligence pages provide summarized content for a particular functional area. Identify three features that the pages contain. (Choose three.)
A. Regions
B. Reports
C. Parameters
D. Responsibilities
E. Key Performance Indicators (KPIs)
Answer: ACE
Q159. You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)
A. Enable journal approval for the Journal Category window.
B. Disable the Journal: Find Approver Method profile option.
C. Enable the Journal: Allow Preparer Approval profile option.
D. Configure the GL journal approval process in Oracle Workflow Builder.
Answer: CD
Q160. Select three statuses of the consolidation workbench. (Choose three.)
A. posted
B. entered
C. exported
D. reversed
E. transferred
Answer: ADE