Oracle Oracle Certifications 1Z0-516 Questions & Answers

• Question 21:

  Identify three features of a Value Set. (Choose three.)

  A. Value Sets are mandatory.

  B. Value Sets must contain a list of values.

  C. Value Sets control the values for many report parameters.

  D. The same Value Set can be shared between different FlexFields.

  E. A Value Set is a definition of the values approved for entry by a particular Flexfield Segment.

  Correct Answer: CDE

• Question 22:

  Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

  A. enable one-time definition of objects

  B. are referenced by several Oracle Application modules

  C. are defined in each Oracle Application module separately

  D. are owned by a single Oracle Application module for table purposes only

  E. are owned by a single Oracle Application module to designate the primary user or decision maker

  Correct Answer: ABD

• Question 23:

  ABC Corporation has set up the Accounting Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle". Identify three correct statements. (Choose three.)

  A. The Descriptive Flexfield is called an "intelligent key structure."

  B. The Descriptive Flexfield for the asset category "Vehicle" captures only additional information.

  C. The Descriptive Flexfiedl for the asset category "Vehicle" appears as a normal field on a form.

  D. The combination of values in the Accounting Flexfield identifies a particular business entity or class of entities.

  E. You can define cross-validation rules to control the allowable combinations of segment values for the Accounting Flexfield.

  Correct Answer: BDE

• Question 24:

  ABC Corp. has the following Organization Structure:

  1.

  Legal Entity: A

  2.

  Operating Units: B and C

  3.

  Balancing Entities: 10, 20, and 30

  Identify three correct statements regarding the Balancing Entity. (Choose three.)

  A. Each Balancing Entity must balance within itself.

  B. There can be multiple Balancing Entities within an Operating Unit.

  C. Balancing Entity is the lowest postable unit in the Chart of Accounts.

  D. Balancing Entities can be automatically secured at the Legal Entity level.

  E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

  Correct Answer: ABE

• Question 25:

  Select the three options available when creating the Security profile for Multi-Org Access Control. (Choose three.)

  A. View all Organizations

  B. Secure by Business Groups

  C. Secure by Inventory Organizations

  D. Secure by Operating Unit and Inventory Organization

  E. Secure Organizations by Organization list and/or hierarchy

  Correct Answer: ADE

• Question 26:

  During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.

  Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

  A. Define Value Sets and assign them to Segments.

  B. Define Segments in the Accounting FlexField structure.

  C. Qualify one of the Segments as the Balancing Segment.

  D. The Key Flexfield Segments have to be enabled and displayed.

  E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

  Correct Answer: E

• Question 27:

  Identify the profile option that is required to enable Multi-Org Access Control for multiple Operating Units.

  A. HR: User Type

  B. MO: Operating Unit

  C. MO: Security Profile

  D. HR: Business Group

  E. MO: Default Operating Unit

  Correct Answer: C

• Question 28:

  In the Multi-Org model, which organization type is the highest level that impacts accounting?

  A. Ledger

  B. Operating Unit

  C. Business Group

  D. GRE/Legal Entity

  E. Inventory Organization

  Correct Answer: A

• Question 29:

  ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books.

  What conversion method would you use?

  A. Use journal-level secondary ledger conversion.

  B. Use subledger-level secondary ledger conversion.

  C. Use adjustment-level secondary ledger conversion.

  D. Use both subledger-level and adjustment-level secondary ledger conversion.

  Correct Answer: A

• Question 30:

  Which three statements are true about modifying flexfield values? (Choose three.)

  A. The values cannot be disabled.

  B. The value description can be changed.

  C. The effective dates for a value can be limited.

  D. The values can be deleted after they are defined.

  E. The values cannot be modified after they are defined.

  Correct Answer: BCE