1Z0-516 | The Secret of Oracle 1Z0-516 exam dumps
Q451. Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)
A. You can maintain daily rates and historical rates more easily.
B. You get improved efficiency with the help of the spreadsheet interface.
C. You can maintain consistency among different currency conversion rates.
D. Additional security ensures that historical rates can be uploaded to closed or future periods only.
E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
Answer: ABC
Q452. To manually enter tax details for an item, freight, miscellaneous, or prepayment lines, you must complete seven fields. Name three. (Choose three.)
A. industry
B. tax amount
C. tax regime
D. commodity
E. supplier site
Answer: BCE
Q453. You mail your customer John Doe an invoice for $1000 for the supplies he ordered. John has the option of making his payment either by check or by credit card. John elects to use his credit card. This receipt is identified as a(n) _____ .
A. Manual receipt
B. Automatic receipt
C. Quickcash receipt
D. Autolockbox receipt
E. Miscellaneous receipt
Answer: B
Q454. ABC.com has two sets of books and six inventory organizations. What is the minimum number of times that ABC.com needs to run the general ledger interface in order to close the inventory at the end of each accounting cycle?
A. 6
B. 4
C. 2
D. 10
E. 12
F. 8
Answer: A
Q455. Select four tasks that you can perform from the Self-Service home page of Oracle Workflow embedded in Oracle E-Business Suite Release 12. (Choose four.)
A. View "FYI Notifications."
B. Purge Closed notifications.
C. View "Notifications From Me."
D. View participant responses for a completed workflow.
E. Access status diagram of workflows that are in any status.
F. Access status diagram of workflows that are with status "Processed" or "Errored."
Answer: ACDE
Q456. Select two actions that ledger sets permit. (Choose two.)
A. performing variance inquiries
B. being used for mass budgets
C. sending budget balance inquiries
D. viewing account balances for multiple ledgers in one view
E. grouping multiple ledgers that share the same chart of accounts and calendar
Answer: DE
Q457. After reviewing an incomplete invoice entered last week by her assistant, Jovi clicked the
Complete button in the Transactions window. What are three changes this would create in Oracle Receivables? (Choose three.)
A. This invoice can now be printed.
B. A dunning letter is now sent to the customer for the invoice amount.
C. This invoice now becomes eligible to be transferred to General Ledger.
D. Payment schedules are now created based on the payment terms and invoice date.
E. The invoice is now included in the standard aging and collection process if the transaction type has open receivables set to No.
Answer: ACD
Q458. ABC Inc. added a new Operating Unit to its existing Multi-Org Access-enabled responsibility. When users logged in using their existing responsibility, they could not see the new Operating Unit in the list of values. What could be the cause?
A. Security List Maintenance was not run.
B. The Set MO: Operating Unit profile was not defined.
C. The Set Multi-Org Preferences profile was not defined.
D. The Set MO: Default Operating Unit profile was not defined.
E. The Set MO: Security profile was not defined for the responsibility.
Answer: A
Q459. Identify three key benefits of Oracle Workflow in Oracle E-Business Suite elease 12. (Choose three.)
A. Sends collection notices to customers
B. Provides self-service monitoring capabilities
C. Enable automatic routing of business documents
D. Delivers notifications and reminders of work to be done
E. Automatically generates asset keys using asset key generator workflow
F. Automatically creates purchase orders from self-service Web applications
Answer: BCD
Q460. Select the four activities that are NOT part of the Payables closing process. (Choose four.)
A. confirm payment batches
B. close the Payables period
C. close the General Ledger period
D. process period-end receipt accruals
E. review the Uninvoiced Receipts Report
F. process the remaining Inventory transactions
Answer: CDEF