Oracle Oracle Certifications 1Z0-516 Questions & Answers

• Question 81:

  Which four attributes are validated during the Journal Import process? (Choose four.)

  A. period

  B. approval level

  C. balanced journal

  D. cross-validation rule

  E. account combination

  F. journal sequence number

  Correct Answer: ACDE

• Question 82:

  Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

  A. It ensures reapplication of the same rules each time you transfer.

  B. IDT provides greater flexibility by performing no validation on the imported data.

  C. User-defined conditions enable you to control when transformation rules must be applied.

  D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

  E. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

  Correct Answer: ACD

• Question 83:

  Your client wants to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of the cost center segment. A business unit is a group of cost centers, and a business unit manager typically has several cost centers under his or her responsibility.

  Which option will meet the client's requirements?

  A. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers; creating FSG based on the rollup groups

  B. defining parent cost centers and a hierarchy of parent/child cost centers; creating summary accounts based on the parent cost centers; creating FSG based on the parent cost center values

  C. defining parent cost centers and a hierarchy of parent/child cost centers; defining summary accounts for the parent cost centers; creating FSG based on the parent cost center values or summary accounts

  D. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers, and summary accounts; creating FSG based on the parent cost center values or summary accounts

  Correct Answer: D

• Question 84:

  During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in which the batches cannot be deleted.

  Select three scenarios that would be on the checklist. (Choose three.)

  A. The source is frozen.

  B. The journal batch has not been posted.

  C. Funds have been reserved for the batch.

  D. The journal batch has not been approved.

  E. Funds are in the process of being reserved for the batch.

  Correct Answer: ACE

• Question 85:

  During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative.

  Identify the solution that must be implemented to meet the customer's requirements.

  A. Inform the customer that this requirement would require a customization.

  B. Select the change sign check box for the related row or column definition.

  C. Deselect the change sign check box for the related row or column definition.

  D. Create a journal by doubling the values wherever the report is displaying negative numbers.

  Correct Answer: B

• Question 86:

  ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of

  accounts, accounting calendar, accounting method, and ledger-processing options.

  UK management requires reporting on receivables from its US operations in GBP each month.

  Identify the best option for the US operations to report to their parent.

  A. Create an account-level reporting currency.

  B. Create a subledger-level reporting currency.

  C. Create a journal-level reporting currency for every transaction.

  D. Create a balance-level reporting currency and run general ledger translation.

  Correct Answer: B

• Question 87:

  Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses.

  Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.

  While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John.

  Choose what Sam would have explained to John.

  A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.

  B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.

  C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.

  D. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make the transfer.

  Correct Answer: B

• Question 88:

  XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently, XYZ Corp. needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.

  A. It is not possible to add additional Operating Units.

  B. Set the MO: Operating Unit profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.

  C. Set the MO: Security Profile profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.

  D. Create the Operating Unit, run the Replicate Seed Data concurrent request, create new responsibilities as necessary, and set up the MO: Default Operating Unit profile option.

  E. Create the Operating Unit, run the Replicate Seed Data concurrent request, assign the Operating Unit to a security hierarchy, run Security List maintenance concurrent program, create new responsibilities as necessary, and set up the MO: Security Profile profile option.

  Correct Answer: E

• Question 89:

  XYZ Corp. has operations in the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario.

  How would you define the organization structure for XYZ Corp. from the information given above?

  A. two Ledgers, two Legal Entities, and two Operating Units

  B. two Ledgers, two Legal Entities, and three Operating Units

  C. two Ledgers, three Legal Entities, and two Operating Units

  D. two Ledgers, three Legal Entities, and three Operating Units

  E. three Ledgers, three Legal Entities, and three Operating Units

  Correct Answer: D

• Question 90:

  Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

  A. Ledger

  B. Sales Force

  C. Unit of Measure

  D. Invoice Sources

  E. Oracle Application Object Library (AOL)

  Correct Answer: ABCE