1Z0-516 | The Secret of Oracle 1Z0-516 vce
Q431. Identify three true statements about the invoice approval workflow. (Choose three.)
A. If an approver rejects the invoice, the Workflow program ends.
B. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.
C. If an approver does not respond within the time you specify, then Workflow requests approval from that person's manager.
D. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.
E. If the invoice amount is changed after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.
Answer: ACD
Q432. XYZ Corp. is in the business of manufacturing cosmetics. It obtains and pays for raw materials. Which business flow in Oracle E-Business Suite Release 12 would map to the activities of obtaining and paying for raw materials?
A. Order to Cash
B. Procure to Pay
C. Forecast to Plan
D. Demand to Build
E. Contract to Renewal
Answer: B
Q433. Identify the four end-user features of Oracle Application Object Library that provide uniformity of function across the Oracle E-Business Suite Release 12 Applications. (Choose four.)
A. Custom menus
B. Standard User Interface
C. Applications Online Help
D. Shared Flexfield value sets
E. shared Graphical User Interface
F. Standard Report Submission (SRS)
Answer: BCDF
Q434. Which four transaction types or activities are affected by the "AR : Disable Receivable Activity
Balancing Segment" profile option? (Choose four.)
A. Invoices
B. Adjustments
C. Late charges
D. Debit memos
E. Credit memos
F. Discounts (both earned and unearned)
G. Activity applications (such as receipt write-off, short-term debt, and claims investigation)
Answer: BCFG
Q435. Identify four related sets of business needs that Standard Request Submission allows you to satisfy. (Choose four.)
A. View report output online.
B. Compile forms and reports.
C. Remove programs from request sets.
D. Use a standard interface to run your programs and reports.
E. Automatically run programs, reports, or request sets at specific time intervals.
F. View a log file that summarizes the completion information about all the reports and programs in a request set.
Answer: ADEF
Q436. Identify three setup options that are defined in the Financial Options window. (Choose three.)
A. interest
B. retainage
C. miscellaneous
D. expenses clearing
E. expense AP accrual account
Answer: BCD
Q437. Ten analysts are assigned the same Receivables responsibility and are given their own logins.
The requirement is to restrict three of the analysts from creating chargebacks or adjustments.
What would be your advice to ensure compliance with this internal control?
A. Use forms personalization to restrict function access.
B. Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.
C. Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.
D. Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.
E. Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three analysts.
Answer: C
Q438. Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?
A. You can delete the budget and the budget organization after they have been defined.
B. You cannot delete the budget or the budget organization after either has been defined.
C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.
D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.
Answer: C
Q439. All of the manual journal entries are defaulting to a non current period. Which step was omitted from the accounting cycle?
A. Post Journal Entries
B. Update Period
C. Consolidate Financials
D. Translated Foreign Balances
E. Reverse Journal Entries
Answer: B
Q440. Identify three purposes for which transaction types can be used. (Choose three.)
A. To record how cash can be applied to transactions
B. To set whether AutoInvoice validates transactions using IDs or values
C. To set whether transactions affect the Accounts Receivable (AR) customer balances
D. To record the accounting flexfield value that would be used for the cash account for transactions
E. To record the accounting flexfield value that would be used for the receivable account for transactions
F. To set transaction numbers to be either assigned automatically or entered manually for transactions
Answer: ACE