1Z0-516 | A Review Of Download 1Z0-516 exam dumps
Q71. One of your ABC.com co-workers, Tim, is working to define and develop Financial Statement Generator reports where the budget amounts and actual amounts would display on the report per period. Tim comes to you and says that he has defined an FSG report according to the client's requirements; the actual amounts are correctly shown, but the problem is that budget amounts are not showing up on the report. What is your response?
A. Budget status is Frozen.
B. The budget name needs to be associated with the row set through control values.
C. There is some issue with the assignment of accounts to the budget organization.
D. The first fiscal year of the budget was never opened.
E. The last fiscal year of the budget is Closed.
Answer: B
Q72. All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
A. Updating the period
B. Posting journal entries
C. Consolidating financials
D. Reversing journal entries
E. Translating foreign balances
Answer: A
Q73. Key Flexfields appear on three types of application forms in Oracle E-Business Suite Release 12. Identify the three types of forms. (Choose three.)
A. Range form
B. Custom form
C. Self Service form
D. Foreign Key form
E. Combinations form
F. Oracle Application Framework
Answer: ADE
Q74. You have just opened the Transactions form. Which field would you see on this form?
A. Company
B. Legal entity
C. Cost center
D. Operating unit
Answer: B
Q75. Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing. All statements in the list below represent steps to create a payment process request template. Which one is the first step?
A. Specify payment attributes.
B. Specify template header information.
C. Specify the degree of pay run automation.
D. Specify invoice payment selection criteria.
E. Specify how the system handles validation failure on the document and payment levels.
Answer: B
Q76. ABC Corp. has a requirement to share business documents from its Oracle E-Business Suite Release12 (EBS) instance with external business-to-business (B2B) exchange partners. Select the best method that you would recommend to meet this requirement.
A. Build a workflow process and integrate it with external B2B exchange.
B. Use notification mailer to share the documents with external B2B exchange.
C. Use Oracle Applications Framework to integrate with external B2B exchange.
D. Use the Advanced Workflow Mailer functionality in Oracle E-Business Suite Release 12.
E. Build a workflow process and use Business Event System to integrate it with an external B2B exchange partner.
Answer: E
Q77. Identify the default value for the term date that would extend the time to pay an invoice, if the payment term is net 30 days.
A. invoice date
B. system date
C. invoice entered date
D. goods received date
E. invoice received date
Answer: B
Q78. What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)
A. The invoice has no holds.
B. The invoice must be posted to General Ledger.
C. The invoice has been transferred to General Ledger.
D. The invoice distribution has "Track as Asset" selected.
E. The distribution account is an Asset Clearing or CIP account.
Answer: CDE
Q79. Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?
A. Natural accounts were defined as parent values.
B. Natural accounts were defined to not allow posting.
C. Natural accounts were defined with an incorrect account type.
D. Natural accounts were defined to store both statistical and monetary values.
Answer: C
Q80. Identify two correct statements regarding a primary ledger. (Choose two.)
A. Defining a primary ledger is not mandatory.
B. A primary ledger is the main record-keeping ledger.
C. Multiple legal entities can be linked to one primary ledger.
D. Multiple primary ledgers can be linked to one secondary ledger.
E. Multiple primary ledgers are required for one accounting setup always.
Answer: BC