Oracle Oracle Certifications 1Z0-516 Questions & Answers

• Question 91:

  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.

  Correct Answer: C

• Question 92:

  Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

  A. Use summarized data in journal formulas.

  B. Summary relationships are not permanent.

  C. Inquiry of summary amounts is done online.

  D. The primary use for summarization is only for reports.

  E. You can easily reorganize summary views in the future.

  Correct Answer: DE

• Question 93:

  The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

  A. Update accounting options.

  B. Approve accounting options.

  C. Complete the accounting setup.

  D. Create an accounting setup structure.

  Correct Answer: ACD

• Question 94:

  A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?

  A. 1

  B. 3

  C. 15

  D. 12

  E. 11

  Correct Answer: B

• Question 95:

  Identify two features of an "Independent" value set. (Choose two.)

  A. There is a predefined list of values for a segment.

  B. The values are stored in a product applications table.

  C. The values are stored in an Oracle Application Object Library table.

  D. You can enter a value other than those in the predefined list of values.

  Correct Answer: AC

• Question 96:

  Identify the four resources that Oracle Technology Network (OTN) provides. (Choose four.)

  A. sample codes

  B. Bug Database

  C. technical articles

  D. product downloads

  E. product documentation

  F. Applications Electronic Technical Reference Manuals (eTRM)

  Correct Answer: ACDE

• Question 97:

  Identify two features of a Value Set that has a validation type of "None." (Choose two.)

  A. It has an approved list of values associated with it.

  B. The entered value must meet the formatting requirements.

  C. The Flexfield value security rules cannot be used for a segment that uses this Value Set.

  D. Users can enter any value that they want even if it does not meet formatting requirements.

  Correct Answer: BC

• Question 98:

  Which two statements are true regarding ownership of shared entities? (Choose two.)

  A. Items is owned by Oracle Purchasing, whereas Locations is owned by Oracle Receivables.

  B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.

  C. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.

  D. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.

  E. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.

  Correct Answer: BC

• Question 99:

  You are the Human Resources lead for the ERP Implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

  A. Approvals

  B. Asset assignment

  C. Organization creation

  D. Journal Entry creation

  E. AutoCreate Purchase Orders

  Correct Answer: ABE

• Question 100:

  Identify three features of a Balancing Entity. (Choose three.)

  A. Balance sheets are prepared for a Balancing Entity.

  B. A Legal Entity may comprise one or more than one balancing segments.

  C. Multiple Balancing Entities within the same Operating Unit structure is not supported.

  D. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.

  E. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.

  Correct Answer: ABD