Oracle Oracle Certifications 1Z0-516 Questions & Answers

• Question 11:

  Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

  A. balances

  B. batch transfer

  C. detail journals

  D. line-level records

  E. summary journals

  Correct Answer: BCE

• Question 12:

  A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments:

  1.

  company (5 values)

  2.

  cost centers (30 values)

  3.

  region (4 values)

  4.

  account (180 values)

  The total number of cash accounts is five that are associated with two parents:

  Three accounts are associated with the parent called "Checking."

  Two accounts are identified with the parent called "Savings".

  To combine the cash parents, you create a rollup group named "Cash."

  Which summary account template would you create to review the cash balances by company?

  (D: Detail)

  (T:

  Total)

  A.

  D-D-D-Cash

  B.

  T-T-T-Cash

  C.

  D-T-D-Cash

  D.

  T-D-T-Cash

  E.

  T-D-D-Cash

  F.

  D-T-T-Cash

  Correct Answer: F

• Question 13:

  What is the effect of summary accounts on the efficiency of the posting process?

  A. Use summary accounts in the posting process to accumulate values.

  B. Use summary accounts in the posting process to not accumulate values.

  C. Use of summary accounts increases the efficiency of the posting process.

  D. Use of summary accounts decreases the efficiency of the posting process.

  Correct Answer: D

• Question 14:

  A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

  A. Ledger

  B. Chart of Accounts

  C. Multi-Org Structure

  D. Accounting Convention

  E. Financial Accounting Calendar

  Correct Answer: D

• Question 15:

  In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

  A. Ledger

  B. Legal Entity

  C. Operating Unit

  D. Balancing Entity

  E. Business Group

  Correct Answer: B

• Question 16:

  A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.

  The user can limit the list of values available to the three Operating Units by _______.

  A. setting the preferred Operating Units in user preferences

  B. setting the values for the MO: Operating Unit at the user level profile option

  C. setting the values for the MO: Default Operating Units at the user level profile option

  D. requesting the system administrator, to update the Operating Units in the security profile

  E. requesting the system administrator to set up MO: Default Operating Unit for the responsibility

  Correct Answer: A

• Question 17:

  Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

  A. secures user access to data

  B. supports fixed asset management

  C. procures from one Legal Entity and receives in another

  D. supports multiple language installations of Oracle Applications

  E. supports any number of business units within a single installation

  Correct Answer: ACE

• Question 18:

  Identify three true statements regarding Multiple Organization reporting. (Choose three.)

  A. Cross Organization reports and multiple Organization reports are the same.

  B. Cross Organization reports can be submitted for a Reporting Level of Ledger.

  C. Multiple Organization reports can be submitted for a Reporting Level of Ledger.

  D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.

  E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.

  F. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.

  Correct Answer: BDE

• Question 19:

  

  View the Exhibit. While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you are unable to proceed after entering this account combination.

  What could be the problem in the structure definition of the Accounting Flexfield?

  A. The "Freeze Rollup Groups" check box is selected.

  B. The "Allow Dynamic Inserts" check box is deselected.

  C. The "Freeze Flexfield Definition" check box is selected.

  D. The "Cross-Validate Segments" check box is selected.

  Correct Answer: B

• Question 20:

  You are the manufacturing lead for XYZ's implementation of Oracle E-Business Suite Release 12. Your client has these requirements:

  1.

  Create a production plan.

  2.

  Analyze Sales Order information.

  3.

  Calculate capacity load ratio by resource or production line.

  4.

  Analyze resources, materials, costs, and job schedule progress.

  Identify the two flows you would implement to accomplish these requirements. (Choose two.)

  A. Click to Order

  B. Order to Cash

  C. Procure to Pay

  D. Forecast to Plan

  E. Demand to Build

  Correct Answer: DE