1Z0-516 | 10 Tips For Latest 1Z0-516 exam
Q341. Select three features that Multi-Org provides to satisfy business needs. (Choose three.)
A. Secures user access to data
B. Supports fixed asset management
C. Procures from one Legal Entity and receives in another
D. Supports multiple language installations of Oracle Applications
E. Supports any number of business units within a single installation
Answer: ACE
Q342. There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional. Which two setup steps are optional? (Choose two.)
A. Define receipt classes.
B. Define receipt methods.
C. Define receipt sources.
D. Define AutoCash rule sets.
E. Define application rule sets.
Answer: DE
Q343. ABC.com, the GL accountant, is preparing a PowerPoint presentation for the accounting staff to explain the steps for creating mass allocation journal entries. Which five steps should Tess include in his presentation? (Choose five .)
A. freeze accounting flexfield
B. validate mass allocation definition
C. create mass allocation definition
D. post journal entries
E. generate mass allocation journals
F. review journal entries
G. validate cross-validation rules
Answer: BCDEF
Q344. ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States, France, and Spain. You are told that both France and Spain require Document Sequencing whereas Canada and the United States do not. There are three legal entities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the same fiscal year end. Advise the DBI Enterprise corporate controller what is feasible, in order to set up the minimum number of set of books, without customization.
A. 1 set of books for Canada, 1 for the U.S. and 1 for France and 2 for Spain. Install and set up Global Accounting Engine for France and Spain sets of books.
B. 1 set of books for Canada, 1 for the U.S. and 2 for France and 1 for Spain. Enable Document Sequencing for France and Spain sets of books.
C. 1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencing for France and Spain sets of books.
D. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Enable Document Sequencing for Europe set of books only.
E. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Install and set up Global Accounting Engine for Europe.
Answer: C
Q345. Identify three components in a Daily Business Intelligence report. (Choose three.)
A. Menu
B. Folder
C. Region
D. Parameter
E. Key Performance Indicator
Answer: CDE
Q346. To properly associate one transaction type with another in Receivables, you have to define transaction types in a specific order. Identify the correct order.
A. Invoice, credit memo, debit memo
B. Invoice, debit memo, credit memo
C. Credit memo, invoice, debit memo
D. Credit memo, debit memo, invoice
E. Debit memo, invoice, credit memo
F. Debit memo, credit memo, invoice
Answer: C
Q347. The management segment qualifier must be attached to which key flexfield segment?
A. future segment
B. account segment
C. company segment
D. department segment
E. intercompany segment
Answer: D
Q348. Which five do you need to define to meet the minimum pre-requisites to create a set of books? (Choose five.)
A. a retained earnings account
B. an accounting calendar
C. a translation adjustment account
D. the functional currency (or a seeded currency)
E. an encumbrance account
F. a chart of accounts structure
G. a suspense account
H. a transaction calendar
I. at least one value for each segment of the chart of accounts
Answer: ABDFI
Q349. Identify four features of Workflow Monitor. (Choose four.)
A. Enables you to view your workflows
B. Enables you to modify a workflow definition file
C. Enables you to download a workflow definition file
D. Displays status information for the process instance
E. Enables administrators to perform control operations
F. Enables you to search for a workflow process instance
G. Provides only summary-level information about individual activities of a workflow process
Answer: ADEF
Q350. During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in the expenditure inquiry form. Which process was likely omitted?
A. tieback costs
B. interface costs
C. distribute costs
D. streamline costs
Answer: C