1Z0-516 | The Renew Guide To 1Z0-516 practice test
Q271. Event Types in Subledger Accounting is a grouping of _____.
A. Events
B. Accounts
C. Event Models
D. Event Entities E. Event Classes
Answer: E
Q272. Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company's requirements. (Choose three.)
A. wire
B. check
C. clearing
D. electronic funds transfer (EFT)
E. electronic data interchange (EDI)
F. extensible markup language (XML)
Answer: ABC
Q273. Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)
A. It is an integrated extension of a ledger.
B. It replaces multiple reporting currencies.
C. Reporting currencies are the same as secondary ledgers.
D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.
Answer: AB
Q274. ABC.com, the GL accountant, says that he has heard about the budget upload functionality of Oracle GL and he is eager to test it. She is unable to test it in the CRP instance. What is your explanation?
A. The budget can be uploaded.
B. The budget dates in the budget organization have a different date range.
C. The GL account code combination is not valid.
D. Budget journals are required at the set of books level
E. The GL period is closed.
Answer: D
Q275. Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third-party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Identify the Oracle Payables interface that accomplishes this.
A. Projects Import Interface
B. Payables Open Interface
C. Credit Card Import Interface
D. Expense Report Import Interface
Answer: B
Q276. ABC.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report is automatically created. Identify three components that the report Create Journal Entries Execution Report reports on. (Choose three.)
A. Purchasing Encumbrance Entries
B. Payables Encumbrance Entries
C. Budget Journals
D. Journal Posting Report
Answer: ABC
Q277. Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)
A. Tolerances are enforced.
B. The quantity billed is updated.
C. The quantity received is updated.
D. The purchase order accounting information is copied to the invoice.
Answer: BD
Q278. Identify three entities that can become a party in Oracle Trading Community Architecture (TCA).
(Choose three.)
A. An individual customer
B. A personal relationship
C. A business organization
D. A business contact email
E. A business mailing address
F. A business contact telephone
Answer: ABC
Q279. When you change a summary account template funds check level from None to Advisory or Absolute, you need to _____.
A. delete the original template and then recreate it for the appropriate funds check level
B. complete the required data on the template for the new funds check level
C. do nothing else; no additional work is needed
D. change the time period on the template to Earliest Period to identify the begin date of the new funds check level
Answer: A
Q280. Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)
A. Ledger
B. Legal Entity
C. Operating Unit
D. Reporting Level
E. Reporting Context
Answer: DE