1Z0-516 | What 100% Guarantee 1Z0-516 exam Is?
Q391. Your client wants to import paid invoices from its legacy system to Oracle Receivables. It does not want to post the paid invoices to GL or update the customer balances. How would you import invoices in this scenario?
A. Create a transaction source and set the status to Inactive.
B. Create a transaction source with the GL Date in a Closed Period box set to Adjust.
C. Assign a transaction type with no values for the receivable and revenue accounts.
D. Assign a transaction type with the Open Receivable and Post to GL boxes deselected.
Answer: D
Q392. ABC.com, the GL accountant comes to you and says that she has defined two budgets, but after selecting the budget organization in the Enter Budget Amounts form, she can select only one budget from the list of values (LOV). What is your response?
A. Budget status is Current.
B. The first fiscal year of the budget was never opened.
C. The last fiscal year of the budget is Closed.
D. Accounts need to be reassigned to the budget organization.
Answer: B
Q393. The ABC.com Corporation has five segments in its accounting flexfield. For a special Profit and Loss report, they want to sort by the fourth segment, which is product. In which definition would this be done?
A. Row Set
B. Row Order
C. Any of the above
D. Content Set
Answer: B
Q394. XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and China. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments. All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained.
Identify the number of legal entities to be created and the number of accounting setups.
A. Create one legal entity and four accounting setups.
B. Create four legal entities and one accounting setup.
C. Create two legal entities and four accounting setups.
D. Create four legal entities and four accounting setups.
Answer: D
Q395. A global company uses Oracle E-Business Suite Release 12 for its operations in the U.S. and Canada. The company is now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to set the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control. You set the MO: Operating Unit profile option at the _____ level.
A. Site
B. User
C. Application
D. Responsibility
Answer: D
Q396. Identify three statements that are true for creating the withholding tax for standard, recurring, and prepayment invoices. (Choose three.)
A. The Withholding Tax Report is prepared by suppliers.
B. The Withholding Tax Group defaults in from the supplier or supplier site.
C. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.
D. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.
E. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.
Answer: BCD
Q397. What does the elimination program enable you to do? (Choose all that apply.)
A. eliminate average balances
B. create journal entries for all values in the source account to zero them out and post them to a target account
C. eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period
Answer: BC
Q398. Newco Inc. has decided on a chart of accounts structure that consists of four segments:
company, cost center, account, and subaccount. It has only one company value and wants to restrict (limit the appearance of) the lists of account values and subaccount values for some cost centers. Which is the design option that would meet Newco Inc.'s requirement?
A. Define a value set with independent validation and non-hierarchical security for each of the three segments: cost center, account, and subaccount. Enable security for all three segments and define security rules to restrict lists accordingly.
B. Define a value set with independent validation for each of the three segments: cost center, account, and subaccount. Deselect dynamic inserts for the accounting flexfield structure and define all possible code combinations that are desirable for the specified cost centers.
C. Define a value set for the cost center with independent validation and non-hierarchical security. Define a value set for the account with dependent validation, which depends on the cost center. Define a value set for the subaccount with dependent validation, which depends on the account. Enable security for the cost center segment and define security rules to restrict lists accordingly.
Answer: A
Q399. XYZ Corp. has shipped goods against purchase orders to ABC Corp. ABC Corp. now has to pay for the goods received, and also account and reconcile the transactions. Identify the Oracle E-Business Suite Release 12 Applications involved in these activities for ABC Corp.
A. Cash Management, Inventory, Payables, and Purchasing
B. Inventory, General Ledger, Purchasing, and Cash Management
C. Inventory, Order Management, General Ledger, and Cash Management
D. Cash Management, General Ledger, Inventory, Payables, and Purchasing
Answer: D
Q400. Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.
A. Accrual Write-Off
B. Uninvoiced Receipts
C. Mass Additions Create
D. Accounts Payable Trial Balance
Answer: B