1Z0-516 | how many questions of 1Z0-516 exam question?
Q41. The Multi-Org feature in Oracle E-Business Suite Release 12 uses _____ to build a secure layer on top of the single-instance applications.
A. Forms
B. Database views
C. Database Roles
D. Database tables
E. Database Columns
Answer: B
Q42. The clients GL accountant, George, is responsible for taking care of recurring journals. He comes to you with a problem. He defined a recurring journal batch, and after that he generated the recurring journal from the definition. He wants to know whether he can add new lines in this unposted journal. What explanation would you give to George?
A. The Allow Dynamic Insert box is not selected for the accounting flexfield.
B. The GL period is closed.
C. Additional lines can be added to an unposted recurring journal through Review journal window.
D. The GL accounts entered in the Enter Journal form relate to items that do not exist in the item master organization in the inventory module.
E. The GL account code combination is invalid.
Answer: C
Q43. In Oracle E-Business Suite Release 12, which server (or services) supports data-intensive programs that run in the background?
A. Admin Server
B. Web Services
C. Reports Server
D. Forms Services
E. Concurrent Processing Server
Answer: E
Q44. Using the Payables System Setup Options form, you can enable autonumbering for _____.
A. invoices
B. suppliers
C. payments
D. employees
E. expense reports
Answer: B
Q45. Organizations have unique credit policies that aid in managing their collections and establishing relationships with customers. Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)
A. Various customer credit classifications
B. Various credit review types identified by collectors
C. Various analysis of prior billing period and receipt history of customers
D. Various analysis of customers on the basis of the aging of their outstanding balances
Answer: AB
Q46. Jason, the corporate controller of ABC.com where you are implementing Oracle General Ledger, Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany System (GIS). He wrote some notes from a conversation with his accounting manager about GIS. He wants you to validate which points he has written down about GIS are true. Identify Jason's three correct points. (Choose three.)
A. GIS enables intercompany transactions to be approved after transfer from AP and AR.
B. Unlike intercompany accounting within the same set of books, GIS only works between sets of books but not within the same set of books.
C. Intercompany journals are created automatically as soon as they are approved.
D. You can set up GIS so that the sender's transactions do not need to be approved by the receiver.
E. If a sender approves the transaction but the receiver rejects it, the transaction is recalled.
F. Each company that uses GIS must be set up as a subsidiary that is associated with a balancing segment value.
G. You can optionally send notifications to a defined user or responsibility when an intercompany transaction is initiated.
Answer: DFG
Q47. Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?
A. Summary accounts speed up the posting process, whereas parent accounts require additional time for the posting process.
B. Summary accounts use the summing segment type for mass allocations, whereas parent accounts use the looping segment type.
C. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
D. Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts balances cannot be viewed in that form.
E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts will help generate quicker results.
Answer: D
Q48. You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites. Which three naming conventions would you use for "Best Practices" during the supplier cleanup? (Choose three.)
A. Use Last Name, First Name to identify employees as suppliers.
B. Create some supplier names in uppercase and others in mixed case.
C. Use abbreviations in the supplier name even it is not abbreviated on the invoice.
D. Remove all punctuation marks (commas, periods, and so on) from the supplier name.
E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.
Answer: ADE
Q49. Select four options that can be set at the supplier site level. (Choose four.)
A. surveys
B. tax details
C. accounting
D. bank details
E. business classification
Answer: ABCD
Q50. A client has a requirement to allocate the rent and other expenses to all the departments based on the formula defined in GL Mass Allocation. Mario, the GL accountant, comes to you and asks whether the Mass Allocation program checks cross-validation rules, because this checking would help to prevent the creation of invalid accounts. What is your response?
A. Whether or not the program checks cross-validation rules depends on the formula.
B. Allow Dynamic Insert must not be enabled, and then the program can check cross-validation rules.
C. You can customize the workflow, to enable the program to check cross-validation rules.
D. The program does NOT check cross-validation rules.
Answer: D