1Z0-516 | A Review Of Simulation 1Z0-516 practice test
Q61. In which three ways do sub-ledgers transfer information into General Ledger? (Choose three.)
A. Detail Journals
B. Line level records
C. Summary Journals
D. Balances
E. Batch Transfer
Answer: ACE
Q62. Identify two places where you can define a legal entity. (Choose two.)
A. set of books
B. data access set
C. Legal Entity Configurator
D. HRMS organization setup
E. Accounting Setup Manager
Answer: CE
Q63. Select the correct sequence of tasks required for period closing in Oracle General Ledger.
1. Verify that all journals are posted.
2. Close the period of each subledger.
3. Run the Trial Balance report and other month-end reports.
4. Close the period and open the next period.
5. Perform reconciliation of subsidiary ledgers.
6. Transfer and import data from all subledgers.
A. 6, 5, 2, 1, 4, 3
B. 3, 2, 1, 6, 4, 5
C. 6, 5, 1, 3, 2, 4
D. 6, 5, 2, 1, 3, 4
E. 6, 2, 3, 1, 5, 4
Answer: D
Q64. Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)
A. AP liability account
B. accrual charge account
C. receiving accrual account
D. accrued Payables account
E. receiving inventory account
F. expense AP accrual account
G. inventory AP accrual account
Answer: AFG
Q65. ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have a substantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that can be used for uploading data by using Web ADI. (Choose four.)
A. HRMS data
B. Assets data
C. Vendors data
D. Budgets data
E. Inventory data
F. Customers data
Answer: ABDE
Q66. Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.)
A. Review the workflow process.
B. Evaluate the mapping settings.
C. Review the GL_Interface tables.
D. Confirm the account hierarchy setups.
E. Run the period close by using a different amount type.
Answer: BC
Q67. Which four products in Oracle E-Business Suite Release 12 require a Multi-Org setup? (Choose four.)
A. Payables
B. Purchasing
C. Receivables
D. General Ledger
E. Order Management
Answer: ABCE
Q68. Identify three features of Payment Manager. (Choose three.)
A. updates a supplier's bank details
B. provides calculation of the interest amount
C. uses templates to select invoices to pay that meet the payment criteria
D. creates payment process request templates by specifying invoice selection criteria
E. automatically submits invoices via payment process requests to Oracle Payments for processing and payment
Answer: CDE
Q69. What is the effect of summary accounts on the efficiency of the posting process?
A. There is no effect, because summary accounts do not use the posting process to accumulate values.
B. Use of summary accounts decreases the efficiency of the posting process.
C. Use of summary accounts increases the efficiency of the posting process.
D. Use of summary accounts neither increases nor decreases the efficiency of the posting process.
Answer: B
Q70. An activity in a workflow process can be a _____.
A. Notification or a subprocess, but not a PL/SQL function
B. Subprocess or a PL/SQL function, but not a notification
C. PL/SQL function or a notification, but not a subprocess
D. PL/SQL function, a notification, a subprocess, or a business event
E. PL/SQL function, a subprocess, or a business event, but not a notification
Answer: D