Oracle Oracle Certifications 1Z0-516 Questions & Answers

• Question 211:

  XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity Balancing Segment". What must be defined in order for the General Ledger Transfer process to execute without error?

  A. Gain account

  B. Revenue account

  C. Expense account

  D. Rounding account

  E. Suspense account

  Correct Answer: E

• Question 212:

  What two types of access do you need to be able to run year-end closing journals for all legal entities? (Choose two.)

  A. Read-only access to the ledgers

  B. Full ledger data access set type that provides read and write access to the ledger

  C. Read and write access to some of its balancing segment values and management segment values

  D. The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box

  Correct Answer: BD

• Question 213:

  Select two features regarding the completion of a successful customer merge in Oracle

  Receivables that support ongoing customer data cleansing efforts after go-live. (Choose two.)

  A. Customer merge activity can be reversed after the merge process.

  B. Bank details for the merge-from customer remains available after the merge process.

  C. Duplicate parties are repointed to the surviving party after the customer merge process.

  D. Duplicate customers are repointed to the surviving customer after the customer merge process.

  E. Customer sites associated with the old customer or site are associated with the new customer or site after the customer merge process.

  F. Customer transactions or audit transactions details for the merge-from customer remain available for reprinting after the customer merge process.

  Correct Answer: DE

• Question 214:

  BT Inc. is implementing Oracle Accounts Receivable to interface with an external non- Oracle legacy billing system. The client wants Receivables to generate accounting entries, instead of sending accounting data through the interface. Identify four setup items that are used by Receivables to generate the General Ledger (GL) code combinations. (Choose four.)

  A. AutoAccounting

  B. Transaction type

  C. Accounting rules

  D. Transaction source

  E. Customer bill-to site

  F. Standard memo line

  Correct Answer: ABEF

• Question 215:

  Your company needs a solution that provides the option of transferring a high volume of customer receipts from the bank into the Oracle Accounts Receivable system. You do not want the customers account balance to be affected immediately when the receipts are transferred and uploaded to the receivables system. Which is the most appropriate receipt creation method to implement in Oracle Receivables?

  A. Cash receipts

  B. Manual receipts

  C. Automatic receipts

  D. Quickcash receipts

  E. Miscellaneous receipts

  Correct Answer: D

• Question 216:

  Which relationship group would you assign to allow each party to pay for its own transactions, as well as the transactions of all parties that are lower in the hierarchy (children, grandchildren, and so on)?

  A. Pay group

  B. Pay below

  C. Pay without

  D. Pay parties

  Correct Answer: B

• Question 217:

  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

  Correct Answer: D

• Question 218:

  You have implemented a Commerce Constraint rule, which has an Advanced action. While testing, you

  find that the attribute values specified in the rule are not being constrained, even though the condition is

  always true.

  What are two reasons for this behavior? (Choose two.)

  A. The attribute is used as a condition for a Commerce Hiding rule

  B. Configuration was not deployed after the rule was implemented

  C. Commerce was not deployed after the rule was implemented

  D. The rule is inactive

  Correct Answer: AD

• Question 219:

  The following BML code in Config encountered an HTTP 404 error from someurl.com.

  urldatabypost("http://someurl.com", "a1=v1anda2=v2", "call failed")

  Which two statements are true? (Choose two.)

  A. An unhandled exception will be displayed in red text at the top of the configuration screen

  B. An HTTP error will be displayed in red text with the message "HTTP 404 Not Found" at the top of the configuration screen

  C. The call will return "HTTP 404 Not Found"

  D. The call will return "call failed"

  E. The HTTP error will be captured in the CPQ Cloud Error Logs: bm.log

  Correct Answer: AC

• Question 220:

  You are asked to design a Document Designer template, which would generate an output document where users would be able to navigate to a specific section from the table of contents. This is a complex document with many sections and subsections that can go up to seven levels of parent/child relationships.

  Which three steps do you need to perform to ensure that the table of contents show only two levels of the sections and subsections so that the user reviewing the document can navigate to a desired section's page and scroll further to the deeper levels? (Choose three.)

  A. Assign page numbers to all heading elements

  B. Enable the Table of Contents option for selected heading styles

  C. Create headings by using the Heading element for the section content in your template

  D. Enable the Table of Contents option for all heading styles

  E. Assign a heading style set to the Table of Contents layout

  Correct Answer: ABC