Oracle Oracle Certifications 1Z0-516 Questions & Answers

• Question 141:

  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.

  Correct Answer: BCE

• Question 142:

  Party Merge provides the capability to merge parties and their related entities in the Oracle Trading Community Architecture (TCA) Registry, thereby eliminating duplicate data in the Registry. Select four entities that can be successfully merged using the Party Merge functionality. (Choose four.)

  A. You can merge bill-to sites with bill-to sites.

  B. You can merge bill-to sites with ship-to sites.

  C. You can merge individuals with individuals.

  D. You can merge individuals with organizations.

  E. You can merge organizations with organizations.

  Correct Answer: ACDE

• Question 143:

  Which two setups are required for customer invoicing? (Choose two.)

  A. Lockbox

  B. Customers

  C. Remit-to address

  D. Customer profile classes

  Correct Answer: BC

• Question 144:

  Identify two functions the Revenue Accounting Management (RAM) Wizard performs in Oracle Receivables. (Choose two.)

  A. Apply receipts

  B. Resolve claims

  C. Adjust sales credits

  D. Execute the invoicing process

  E. Manage revenue contingrncies

  Correct Answer: CE

• Question 145:

  Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and ABC South. She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions and journal entries. Identify the right option in the given scenario.

  A. All balancing segment values will be available to enter transactions and journal entries.

  B. No balancing segment values will be available to enter transactions and journal entries.

  C. ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.

  D. ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.

  E. ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.

  Correct Answer: A

• Question 146:

  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.

  Correct Answer: CDE

• Question 147:

  Your client will use the seeded credit classifications of Low Risk, Moderate Risk, and High Risk to evaluate the credit worthiness of customers. It has also created the following credit review types:

  1.

  New Credit Limit

  2.

  Domestic Credit

  3.

  International Credit

  4.

  Guarantor of Credit

  5.

  Lease Application Credit

  How many credit checklists should the management set up in Oracle Credit Management to perform credit reviews in accordance with the organization's current policies?

  A. Ten

  B. Five

  C. One

  D. Eight

  E. Three

  F. Fifteen

  Correct Answer: F

• Question 148:

  You created an invoice with one line item of $100 and a tax of $10. This line item is credited with an applied credit memo of $50. What is the credit to the tax line?

  A. $5

  B. $1

  C. $10

  D. $20

  Correct Answer: A

• Question 149:

  After you define a credit analyst, you can modify any of the analyst's information, except _____.

  A. Employee and group

  B. Employee and username

  C. Organization and territory

  D. Cost center and employee

  E. Username and organization

  F. Group and group member role

  Correct Answer: B

• Question 150:

  How many data source views can you register for the Lines data source in Bill Presentment Architecture?

  A. Five

  B. One

  C. Nine

  D. Seven

  Correct Answer: B