1Z0-516 | Far out 1Z0-516 Exam Study Guides With New Update Exam Questions
Q411. Party Merge provides the capability to merge parties and their related entities in the Oracle Trading Community Architecture (TCA) Registry, thereby eliminating duplicate data in the Registry. Select four entities that can be successfully merged using the Party Merge functionality. (Choose four.)
A. You can merge bill-to sites with bill-to sites.
B. You can merge bill-to sites with ship-to sites.
C. You can merge individuals with individuals.
D. You can merge individuals with organizations.
E. You can merge organizations with organizations.
Answer: ACDE
Q412. As a system administrator for Oracle E-Business Suite Release 12, which two actions can you perform on user passwords? (Choose two.)
A. Set the initial password.
B. Change an existing password.
C. See the password that was chosen by the user.
D. Set varying minimum lengths of passwords for different users.
Answer: AB
Q413. Before you can create customer invoices, you have to define customers and your remit-to address. Identify five additional setups that are required before you can create invoices in Receivables. (Choose five.)
A. payment terms
B. AutoAccounting
C. Transaction sources
D. Standard memo line
E. System and profile options
F. Receivables transaction types
G. Customer account relationships
Answer: ABCEF
Q414. Select three true statements about mapping rules. (Choose three.)
A. Up to two rollup rules are possible.
B. You can define a combination of segment values and account rules.
C. Mapping sets enable you to transfer data from multiple subsidiaries simultaneously.
D. There are only two mapping rule actions consisting of copy value from and assign value from.
E. A rollup rule indicates to General Ledger what detail level of information to transfer and how to roll that information up to the parent.
Answer: BCE
Q415. Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)
A. ledger
B. paygroups
C. legal entities
D. responsibilities
E. business groups
Answer: ACE
Q416. ABC Corp. decides to implement Oracle Receivables, Oracle Payables, and Oracle Purchasing. To access any of these applications, a user must be given access to a responsibility associated with a type of organization. Identify the type of organization with which the responsibility can be associated.
A. Legal Entity
B. Operating Unit
C. Asset organization
D. Inventory organization
Answer: B
Q417. Company X has three Operating Units: A, B, and C. Each Operating Unit has the MO:Security Access profile option called ABC Security assigned. Operating Unit A has both the MO: Operating Unit profile option and the MO: Default Operating Unit profile option assigned to it. Which statement is true?
A. Paul can create transactions for the A, B, and C Operating Units.
B. All transactions created by Paul are automatically assigned to the Operating Unit A.
C. Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.
D. The profile option did not include Operating Unit B and Operating Unit C due to an error by the system administrator.
E. The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.
Answer: A
Q418. Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?
A. Inventory
B. Payables
C. Purchasing
D. Receivables
E. Assets
Answer: E
Q419. ABC Corp. has determined its Accounting Key Flexfield structure for the implementation of Oracle E-Business Suite Release 12. The Accounting Key Flexfield structure contains five Segments: Company, Business Unit, Department, Account, and Product. They have the following requirements:
1) The Department values should be based on the Business Units.
2) They want to produce a quarterly Balance Sheet for each Company.
Which three statements are true? (Choose three.)
A. The Product Value Set is dependent on the Accounts.
B. The Business Unit Value Set is defined as Independent.
C. The Account Segment has a Value Set with no Validation.
D. The Company Segment is qualified as the Balancing Segment.
E. The Department Segment is qualified as an Intercompany Segment.
F. Cross-validation rules are required to enforce dependency of Departments on the Business Units.
Answer: BDF
Q420. One of ABC.com's clients wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client's requirements?
A. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center values or Summary Accounts.
B. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the Rollup Groups.
C. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based on the parent cost centers. Create FSG based on the parent cost center values.
D. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the parent cost center values.
E. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the parent cost centers. Create FSG based on the parent cost center values or Summary Accounts.
Answer: A