1Z0-516 Online Practice Questions and Answers

Identify the three data types available for part custom fields. (Choose three.)

A. "String," can be changed to "Single Select Menu"

B. "Boolean"

C. "Float," can be changed to "Integer"

D. "Date,", can include time

E. "Currency"

F. "Multi Select Menu"

What is the correct order of execution of Configuration rules for an attribute that has both Recommendation and Constraint rules written on it?

A. Recommendation, Constraint, Hiding, Recommended Item

B. Constraint, Hiding, Recommendation, Recommended Item

C. Recommendation, Recommended Item, Hiding, Constraint

D. Hiding, Constraint, Recommendation, Recommended Item

E. Constraint, Recommendation, Constraint, Hiding, Recommended Item

A red "x" appears instead of a part (item) in a configuration. What causes this?

A. The Recommended Item rule is recommending an incorrect price for the part number

B. The Recommended Item rule is recommending a part that does not exist

C. The Recommended Item rule is recommending more than one part number

D. The Recommended Item rule is not firing

Which attribute type cannot be displayed on the line item grid?

A. HTML attributes

B. Currency attributes

C. Text attributes

D. Single-select menu attributes

A debit memo reversal must be utilized to reverse the receipt if_____ .

A. Receipt is a non-invoice-related receipt

B. Receipt has an open claim associated with it

C. Receipt has been reconciled in Cash Management

D. Receipt has a remitted credit card refund application

Your client is implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by the report. Identify three applications that can be reported by the Tax Reporting Ledger. (Choose three.)

A. Treasury

B. Payables

C. Purchasing

D. Receivables

E. General Ledger

F. Cash Management

G. Order Management

Choose the correct sequence of the budget accounting cycle in Oracle applications.

A-Freeze budgets.

B-Define budgets and budget organization.

C-Review and correct budgets.

D-Report on budgets.

E-Enter budget amounts.

A. E, D, C, B, A

B. B, E, C, D, A

C. A, B, C, D, E

D. E, A, B, C, D

E. B, E, C, A, D

Which three statements are true about AutoInvoice? (Choose three.)

A. It determines the General Ledger (GL) accounts by using AutoAccounting.

B. It imports invoices that have only transaction types that are of the "imported" transaction class.

C. It determines the GL accounts from the rows in the RA_INTERFACE_DISTRIBUTIONS_ALL table.

D. It determines whether the invoices should have open or closed status on the basis of the line amounts.

E. It uses the AutoInvoice clearing account if it cannot determine the Receivables account by using AutoAccounting.

F. It uses the AutoInvoice clearing account if the price multiplied by quantity does not equal the total amount for a line.

Select three true statements about mapping rules. (Choose three.)

A. Up to two rollup rules are possible.

B. You can define a combination of segment values and account rules.

C. Mapping sets enable you to transfer data from multiple subsidiaries simultaneously.

D. There are only two mapping rule actions consisting of copy value from and assign value from.

E. A rollup rule indicates to General Ledger what detail level of information to transfer and how to roll that information up to the parent.

Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

A. Ledger

B. Legal Entity

C. Operating Unit

D. Security Profile

E. Business Group

Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site

and is setting up FSG reports to be used by different users.

One of the customer requirements is that all users with modify access must not be able to modify

privileges on FSG reports.

Identify the correct option to meet customer requirements.

A. Enable the security on definition by selecting the enable security check box.

B. Remove the security on definition by deselecting the enable security check box.

C. Exclude the assign access function for those definitions from the user's responsibility.

D. Define security rules and specify what actions can be performed by each user or a group of users.

E. Set up profile options against each user and specify what actions can be performed by each user or a group of users.

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

A. Natural accounts were defined as parent values.

B. Natural accounts were defined to not allow posting.

C. Natural accounts were defined with an incorrect account type.

D. Natural accounts were defined to store both statistical and monetary values.

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

A. You can delete the budget and the budget organization after they have been defined.

B. You cannot delete the budget or the budget organization after either has been defined.

C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.

D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.

ABC Corp. has the following Organization Structure:

1.

Legal Entity: A

2.

Operating Units: B and C

3.

Balancing Entities: 10, 20, and 30

Identify three correct statements regarding the Balancing Entity. (Choose three.)

A. Each Balancing Entity must balance within itself.

B. There can be multiple Balancing Entities within an Operating Unit.

C. Balancing Entity is the lowest postable unit in the Chart of Accounts.

D. Balancing Entities can be automatically secured at the Legal Entity level.

E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

ABC Corporation is headquartered in New Dehli with an office in Mumbai. They share the same chart of accounts, calendar, and currency.

The Mumbai ledger contains manual adjustments and automated adjustments. Thew New Dehli office does not need a complete ledger to perform management or statutory reporting.

Which four statements are true in the given scenario? (Choose four.)

A. The Mumbai ledger is an adjustment-only secondary ledger.

B. Perform all adjustments in the Mumbai ledger.

C. Perform all day-to-day transactions in the New Dehli ledger.

D. Use ledger sets to combine transaction data and adjustment data.

E. Perform all day-to-day transactions and adjustments in the New Dehli ledger.

F. Consolidate data in the Mumbai ledger with the New Dehli ledger while reporting.