1Z0-516 | All About Virtual 1Z0-516 exam
Q321. Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year.
The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.
A. prior year budget monetary and prior year budget statistical
B. prior year actual monetary and current year budget statistical
C. prior year budget monetary and current year budget statistical
D. current year actual monetary and current year actual statistical
E. current year budget monetary and current year budget statistical
Answer: A
Q322. You are involved in a project to upgrade to Oracle E-Business Suite, Release 12. You need more information about the upgrade processes and paths. Where would you find the upgrade guide for Oracle E-Business Suite?
A. AppsNet
B. Bug Database
C. Technical Forums
D. MetaLink Knowledge Base
E. Oracle Technology Network
F. Customer Knowledge Exchange
Answer: D
Q323. Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)
A. invoices imported through EDI
B. invoices created after invoice workflow approval is enabled
C. invoices created using the Pay on Receipt Autoinvoice program
D. expense reports imported through the Payables Expense Report Import program
E. recurring invoices if the approval workflow option required was not enabled on the template
Answer: DE
Q324. You are working on an implementation of Oracle Daily Business Intelligence Release 12 at ABC Corp. Your client has three requirements:
1. Ability to export to Excel or PDF daily intelligence data
2. Ability to delegate roles to subordinates
3. Ability to summarize data using flexible time periods
Select the Daily Business Intelligence product that you would recommend to your client.
A. Oracle Fusion Intelligence
B. Oracle Financials Intelligence
C. Oracle Purchasing Intelligence
D. Oracle Interaction Center Intelligence
E. Oracle Human Resources Intelligence
Answer: A
Q325. Identify three statements that are true for supplier's bank details. (Choose three.)
A. Suppliers maintain their bank details.
B. Bank details are required only for manual check payments.
C. Bank accounts can be added at any time for a supplier or supplier site.
D. Payables uses bank account information to generate an electronic payment for a supplier.
E. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.
Answer: CDE
Q326. Which statement is true about paying invoices?
A. An invoice can be paid without being validated.
B. An invoice can be paid only after the invoice accounting entries are created.
C. An invoice must be validated before you can create invoice accounting entries.
D. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.
E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendar period.
Answer: C
Q327. Which three statements are true about data conversion rules? (Choose three.)
A. Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.
B. Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.
C. Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.
D. For calendar conversion, the journal effective date determines the corresponding nonadjusting period in the secondary ledger.
E. The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.
Answer: CDE
Q328. As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports. Which two actions can they perform to solve the problem? (Choose two.)
A. Reverse the invoice distributions and rematch if possible.
B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
Answer: AD
Q329. The data access set with the full ledger access set type defines three ledgers/ledger sets:
Full ledger access set type
Ledger/ledger set Sets privileges
Vision Services read and write
Vision Operations read-only Vision Global read-only
Which statement is correct?
A. Users can only view existing data for the Vision Operations ledger.
B. Users have full read and write access to the Vision Operations ledger.
C. Responsibilities that use this data access set can only view existing data for the Vision Services ledger.
D. Responsibilities that use this data access set have full read and write access to the Vision Global ledger.
Answer: A
Q330. For which two business reasons would you use reporting hierarchies instead of summary accounts? (Choose two.)
A. The primary use for summarization is only for reports.
B. You want to use summarized data in journal formulas.
C. Summary relationships are not permanent.
D. You want online inquiry of summary amounts.
E. You want to easily reorganize summary views in the future.
Answer: AE