Oracle Oracle Certifications 1Z0-516 Questions & Answers

• Question 191:

  AutoAccounting automatically generates accounting flexfields for Receivables transactions.

  Identify four accounts generated by AutoAccounting. (Choose four.)

  A. Tax

  B. Freight

  C. Payable

  D. Discount

  E. Revenue

  F. Receivable

  Correct Answer: ABEF

• Question 192:

  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

  Correct Answer: E

• Question 193:

  ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have a substantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that can be used for uploading data by using Web ADI. (Choose four.)

  A. HRMS data

  B. Assets data

  C. Vendors data

  D. Budgets data

  E. Inventory data

  F. Customers data

  Correct Answer: ABDE

• Question 194:

  Journal creation rules in Subledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.

  A. Invoice

  B. Receipts

  C. Adjustment

  D. Chargeback

  E. Transactions

  F. Credit memo

  G. Bills receivable

  Correct Answer: B

• Question 195:

  Your client is using Oracle Trading Community Architecture (TCA) relationship manager to create and manage relationships among parties. However, your client is having difficulty understanding circular relationship types. Select two examples of circular relationships.

  (Choose two.)

  A. Company H is an affiliate of company G.

  B. Company A is the parent company of company B and company C.

  C. Company J is a subsidiary of company K and company L is a division of company K.

  D. Company M is a shareholder of company N and company N is a shareholder of company P.

  E. Company D is a competitor of company E, which is a competitor of company F, which in turn is a competitor of company D.

  Correct Answer: AE

• Question 196:

  Tina is entering a receipt and she determines that a short payment on a customer's invoice should be considered an invoice deduction. Tina applies the cash to the customer's open invoice, thereby triggering receivables to create a claim in Trade Management. After Tina saves her work, Receivables _____.

  A. Partially applies balance to customer invoice and places the full invoice amount in dispute

  B. Fully applies customer invoice, thereby creating a chargeback for the remaining invoice Balance

  C. Fully applies customer invoice, thereby creating a debit memo for the remaining invoice balance

  D. Partially applies balance to customer invoice and places the remaining invoice balance in dispute

  Correct Answer: D

• Question 197:

  Identify the Receivable interface table into which the receipt information contained in the bank file can be loaded by using a SQL*Loader script.

  A. AR_PAYMENTS_INTERFACE_ALL

  B. AR_INTERIM_CASH_RECEIPTS_ALL

  C. AR_INTERIM_CASH_INTERFACE_ALL

  D. AR_INTERIM_CASH_RCPT_LINES_ALL

  E. AR_INTERIM_PAYMENTS_INTERFACE_ALL

  Correct Answer: A

• Question 198:

  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

  Correct Answer: BDE

• Question 199:

  Choose the correct sequence of events taking place in the data access set setup process.

  1.

  Define a legal entity.

  2.

  Define ledger sets.

  3.

  Define data access sets.

  4.

  Define a secondary ledger.

  5.

  Define a primary ledger.

  6.

  Assign a data access set to responsibilities.

  7.

  Define operating units.

  A. 1, 7, 5, 4, 2, 3, 6

  B. 1, 2, 3, 4, 5, 6, 7

  C. 1, 7, 4, 5, 3, 2, 6

  D. 1, 7, 3, 2, 5, 4, 6

  Correct Answer: A

• Question 200:

  ABC Company is implementing Oracle Financials. The finance manager wants to set up a control point before the Receivables entries are transferred to General Ledger. Which two statements are correct about the control mechanisms that Receivables can provide? (Choose two.)

  A. Oracle approval limit can be used to approve or reject the invoices.

  B. Oracle approval limit can be used to approve or reject the credit memos.

  C. Oracle approval limit can be used to approve or reject the adjustment activities.

  D. Oracle Approvals Management (AME) Workflow can be used to approve or reject the invoices.

  E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.

  F. Oracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.

  Correct Answer: CE