1Z0-516 | 10 Tips For Up to date 1Z0-516 practice test
Q11. Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)
A. balances
B. batch transfer
C. detail journals
D. line-level records
E. summary journals
Answer: BCE
Q12. Which item CANNOT be queried in the Find Consolidation Process window?
A. Parent Calendar
B. Parent Set of Books
C. Consolidation Status
D. Parent Period
E. Elimination Sets
F. Mapping Sets
G. Balance Type
Answer: A
Q13. Company A wants to use Oracle Internet Expenses with expense report templates.
Identify three true statements for the setup of expense report templates. (Choose three.)
A. The tax code assigned to an expense item must be Web enabled.
B. Each expense item must have an expense category assigned to it.
C. The expense report template must be enabled for Internet Expenses.
D. The GL account assigned to an expense item must have all accounting flexfield segment values entered.
Answer: ABC
Q14. ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing,
Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash
Management will be implemented. Select three business flows that would involve these products. (Choose three.)
A. Click to Order
B. Order to Cash
C. Procure to Pay
D. Project to Profit
E. Demand to Build
F. Campaign to Order
Answer: BCD
Q15. Which three statements are true about mapping rules? (Choose three.)
A. The Subsidiary set of books and Parent set of books must have the same chart of accounts to use segment-mapping rules.
B. You can define account rules.
C. You can define segment rules instead of account rules for faster processing.
D. You can define segment mapping rules.
E. You can modify your rollup rule after it has been saved.
F. You can define segment or account rules, but not a combination of both.
Answer: BCD
Q16. You have a new employee in the buying department. She set up a number of item numbers and chose not to flag them for invoicing. Several transactions have been completed in Order Management by using these new item numbers. What effect would this event have on the Receivables closing process?
A. The transactions would be flagged as exceptions.
B. The transactions would be deleted from the system.
C. The transactions would prevent Receivables from being closed.
D. The transactions would prevent Order Management from being closed.
Answer: A
Q17. You are the manufacturing lead for XYZ's implementation of Oracle E-Business Suite Release 12. Your client has these requirements:
1. Create a production plan.
2. Analyze Sales Order information.
3. Calculate capacity load ratio by resource or production line.
4. Analyze resources, materials, costs, and job schedule progress.
Identify the two flows you would implement to accomplish these requirements. (Choose two.)
A. Click to Order
B. Order to Cash
C. Procure to Pay
D. Forecast to Plan
E. Demand to Build
Answer: DE
Q18. Identify two reasons why ABC Company would use Oracle Business Intelligence (BIS) as one of their reporting tools. (Choose two.)
A. Perform ad hoc query, reporting, analysis, and Web publishing.
B. Provide a secured and centralized location to produce and manage point-in-time reports.
C. Executive-level information about earnings per share and current ratios can be obtained.
D. Monitor the business at a high level and obtain performance measures by using business metrics.
E. Create consolidated reports and perform consolidation for companies that share the same ledger.
Answer: CD
Q19. Identify the Receivable interface table into which the receipt information contained in the bank file can be loaded by using a SQL*Loader script.
A. AR_PAYMENTS_INTERFACE_ALL
B. AR_INTERIM_CASH_RECEIPTS_ALL
C. AR_INTERIM_CASH_INTERFACE_ALL
D. AR_INTERIM_CASH_RCPT_LINES_ALL
E. AR_INTERIM_PAYMENTS_INTERFACE_ALL
Answer: A
Q20. Identify three statements that properly describe the use of distribution sets. (Choose three.)
A. Assign a distribution set to an invoice when you enter it.
B. Use full distribution sets to create distributions with no set percentage amounts.
C. Use skeleton distribution sets to create distributions with set distribution amounts.
D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.
E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order.
Answer: ADE