1Z0-516 | A Review Of Precise 1Z0-516 exam


Q441. Identify two tasks of the Application tier in Oracle E-Business Suite Release 12 Applications architecture. (Choose two.) 

A. Process business logic 

B. Store business logic in the database 

C. Retrieve business logic from the database 

D. Manage communication between desktop/client tier and database tier 

Answer: AD

Q442. Identify two types of inquiries that are possible on ledger sets. (Choose two.) 

A. variance inquiry 

B. summary template and summary account inquiries 

C. a budget balance inquiry to view the budgeted figures 

D. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set 

E. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set 

Answer: DE

Q443. Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module. 

A. Assets 

B. Payables 

C. Purchasing 

D. Receivables 

E. General Ledger 

Answer: E

Q444. Which two statements are true regarding ownership of shared entities? (Choose two.) 

A. Items is owned by Oracle Purchasing, whereas Locations is owned by Oracle Receivables. 

B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory. 

C. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources. 

D. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables. 

E. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources. 

Answer: BC

Q445. In the Multi-Org model, which organization type is the highest level that impacts accounting? 

A. Ledger 

B. Operating Unit 

C. Business Group 

D. GRE/Legal Entity 

E. Inventory Organization 

Answer: A

Q446. ABC.com, the GL accountant comes to you with a requirement that all the journal batches for financial allocations should be automatically generated and validated. She wants to know whether Oracle GL functionality can satisfy this requirement. What is your response? 

A. Dynamic Insert must be enabled to satisfy this requirement. 

B. Cross-validation rules must be defined to satisfy this requirement. 

C. It is possible to satisfy this requirement by using the autoallocation functionality. 

D. It is not possible to satisfy this requirement. 

Answer: C

Q447. Select the two minimum set up steps for intercompany accounting. (Choose two.) 

A. Define a value set for the Company and Intercompany segments. 

B. Set up intercompany accounts for journal source and journal category of Other. 

C. Set up intercompany accounts for every journal source and journal category for intercompany transactions. 

D. Define a clearing company for all many-to-many intercompany journals. 

E. Include an Intercompany segment in the chart of accounts structure. 

F. Define a journal source and a journal category for Intercompany. 

G. Enable the Intercompany Qualifier for the Intercompany segment. 

H. Enable Balance Intercompany Journal when defining the set of books. 

Answer: BH

Q448. Which statement best describes stages in the credit review process? 

A. Initiating a credit review, data collection, data analysis, making and implementing the recommendations 

B. Defining a profile class, assigning it to customers, setting up the scoring model, and starting the workflow background process 

C. Manually reviewing customers' past billing and payment history, initiating discussions with customers, and implementing recommendations 

D. Manually initiating a review by sending out mails to customers requesting information, reviewing and making recommendations, and implementing recommendations after approval 

Answer: A

Q449. ABC.com would like a consolidation process to consolidate operations in the UK and US. ABC.com requires a summary of transactions from both companies. Company 01 is located in Chicago; Company 02 is located in London. Both companies share only the same calendar. Which actions should be considered when defining the consolidation process for ABC.com? (Choose all that apply.) 

A. Define a consolidation process using the Global Consolidation System by defining Parent Company 90 to consolidate data from Company 01 and Company 02. 

B. Select the transaction method for transferring data from Company 01 to Company 90. 

C. Define an elimination set to include a group of related elimination entries. 

D. Define mapping rules to map Company 01 and Company 02 to Company 90. 

Answer: ACD

Q450. Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.) 

A. Both budget and actual balances can be consolidated. 

B. Consolidation is possible only when the subsidiaries use multiple Oracle application instances. 

C. You can consolidate balances only when there are separate ledgers for different companies. 

D. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting. 

Answer: AD