1Z0-516 | Up to the minute 1Z0-516 Exam Study Guides With New Update Exam Questions
Q351. ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)
A. Merge all paid invoices for a supplier.
B. Invoices related to employee expense cannot be converted.
C. Establish a cutoff date after which invoices will be entered in Payables.
D. Use Payables Open Interface to convert unpaid invoices and credit memos.
E. Develop metrics that will be used to determine whether data conversion was successful.
Answer: CDE
Q352. Your client has requested that you set up gapless numbering for its invoices. In your testing, you realized that the numbers for deleted invoices were missing from the sequence. How would you prevent that problem?
A. Reuse deleted invoice numbers.
B. Do not allow deletion of invoices.
C. Create a custom report listing deleted invoice numbers.
D. Select Show Deleted Invoice Numbers in your system options.
Answer: B
Q353. What would the result be?
A. 1, 3, 4
B. 2, 3, 4
C. 3, 4, 5
D. 5, 1, 2
E. 5, 3, 2,
Answer: A
Q354. View the Exhibit.
While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you are unable to proceed after entering this account combination. What could be the problem in the structure definition of the Accounting Flexfield?
A. The "Freeze Rollup Groups" check box is selected.
B. The "Allow Dynamic Inserts" check box is deselected.
C. The "Freeze Flexfield Definition" check box is selected.
D. The "Cross-Validate Segments" check box is selected.
Answer: B
Q355. During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)
A. The journal batch has not been approved.
B. Funds are in the process of being reserved for the batch.
C. The source is frozen.
D. Funds have been reserved for the batch.
E. The journal batch has not been posted.
Answer: BCD
Q356. Which four are valid consolidation tools? (Choose four.)
A. Financial Statement Generator
B. Applications Desktop Integrator
C. Global Consolidation System
D. Global Intercompany System
E. Interface Data Transformer
Answer: ABCE
Q357. Identify the different types of data that can be processed using the GL Interface. (Choose three.)
A. rates
B. budget
C. vendors
D. statistical
E. intercompany
F. currency codes
Answer: BDE
Q358. At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to GL. The current Payables period has been closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices - Posted Payments equals the Accounts Payable Trial Balance (last day of current period).
However, the balance in the AP liability account in GL for the current period does not equal the Accounts Payable Trial Balance (last day of the current period). What is the possible reason?
A. Inventory has not closed for the current period.
B. Purchasing has not closed for the current period.
C. Period-end accrual journals have been reversed in GL.
D. Manual journals have been posted to the AP liability account in the current period in GL.
Answer: D
Q359. Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)
A. Oracle Assets
B. Oracle Leasing
C. Oracle Inventory
D. Oracle Receivables
E. Oracle Procurement
Answer: ACE
Q360. What is a benefit of the secondary tracking segment?
A. Additional security ensures that correct accounts are selected while entering transactions.
B. The Management segment is enabled automatically when the secondary segment is defined.
C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.
Answer: C