1Z0-516 | What Approved 1Z0-516 dumps Is?
Q311. You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. The GL accountant tells you that the companys outstanding loans in Europe in euros, and at every month end there is a need to revalue and report these loans in US dollars on the current exchange rate. She wants a system that automatically performs this revaluation using the month-end exchange rates. She wants to know whether this requirement can be satisfied. What is your response?
A. Oracle GL provides this functionality and there is no problem in satisfying the requirement.
B. Account generator needs to be customized to satisfy this requirement.
C. Workflow needs to be customized to satisfy this requirement.
D. Oracle GL does not support this functionality.
Answer: A
Q312. Identify the Flexfield that can be used as an individual parameter and as a parameter range in the Oracle Web Applications Desktop Integrator.
A. Key Flexfield
B. Range Flexfield
C. GL Ledger Flexfield
D. Descriptive Flexfield
E. Account Aliases Flexfield
Answer: A
Q313. Which two statements would be true when helping a customer make implementation decisions for General Ledger? (Choose two)
A. Integration issues can be minimized.
B. Training can be standardized when Oracle is implemented without customization.
C. Patching cannot be done on a customized implementation.
D. All Oracle subledger journals go directly to General Ledger to overcome interface problems.
E. Cost of upgrades would not be affected.
Answer: AB
Q314. Which three activities would use summary accounts? (Choose three.)
A. Formulate a budget for employee benefits in each company based on the total of all budgeted employee salaries.
B. Estimate a sales commission accrual based on the total of all product sales for each division.
C. Create a monthly recurring standard journal entry to amortize Goodwill.
D. Allocate the total monthly costs of the Information Services department to other departments.
Answer: ABD
Q315. Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)
A. using a distribution set
B. creating through allocations
C. matching the invoice to a shipment
D. using the Distributions Open Interface
E. manually entering in the distributions window
Answer: CD
Q316. Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)
A. Define operating units.
B. Update accounting options.
C. Complete the accounting setup.
D. Define intercompany balancing rules.
E. Create the accounting setup structure.
F. Assign balancing segment values to legal entities.
Answer: BCE
Q317. Select four values that default from profile classes in Oracle Accounts Receivable. (Choose four.)
A. Currency
B. Legal entity
C. Payment terms
D. Statement cycle
E. Business purpose
F. Credit classification
Answer: ACDF
Q318. You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a material transaction that was completed on the last business day of the closing period.
Select the best option in this situation.
A. Ignoring the transaction in the current period
B. Opening the subledger to enter the transaction
C. Reversing the prior postings and retransferring data from the subledgers
D. Recording a manual accrual journal in the current period and reversing the journal in the next period
Answer: D
Q319. ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US (West) has budgetary control enabled and the US (East) requires approvals for journals. All operations share the same chart of accounts, accounting calendar, and subledger accounting method. The US (West) and the US (East) operate on the USD currency. The UK's currency is GBP, whereas France operates on the EUR currency. Identify the least number of legal entities and accounting setups to be created.
A. 1 legal entity and 4 accounting setups
B. 4 legal entities and 1 accounting setup
C. 3 legal entities and 3 accounting setups
D. 4 legal entities and 4 accounting setups
Answer: D
Q320. Company ABC added a new responsibility to an existing Oracle E-Business Suite Release 12 application. The System Administrator sets the MO: Operating Unit profile option at the Application level. The Application level will override the _____ level.
A. Site
B. Responsibility
C. User and Responsibility
D. User, Responsibility, and Site
Answer: A