Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 291:

  Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

  A. balancing segment

  B. cost center segment

  C. management segment

  D. natural account segment

  E. secondary tracking segment

  Correct Answer: AD

• Question 292:

  Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.

  One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.

  A. Enable the security on definition by selecting the enable security check box.

  B. Remove the security on definition by deselecting the enable security check box.

  C. Exclude the assign access function for those definitions from the user's responsibility.

  D. Define security rules and specify what actions can be performed by each user or a group of users.

  E. Set up profile options against each user and specify what actions can be performed by each user or a group of users.

  Correct Answer: C

• Question 293:

  Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

  A. key flexfields

  B. Journal Sources form

  C. Journal Categories form

  D. Journal Encumbrance Types form

  E. Journal approval on the Ledger Setup page

  Correct Answer: BE

• Question 294:

  You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)

  A. Enable journal approval for the Journal Category window.

  B. Disable the Journal: Find Approver Method profile option.

  C. Enable the Journal: Allow Preparer Approval profile option.

  D. Configure the GL journal approval process in Oracle Workflow Builder.

  Correct Answer: CD

• Question 295:

  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 296:

  Jane, the GL accountant, comes to you with a requirement: the recurring journals batches must be automatically generated at specified intervals. What would be your response?

  A. Allow Dynamic Insert must be enabled to satisfy this requirement.

  B. Cross-validation rules must be defined to satisfy this requirement.

  C. It is possible to satisfy this requirement by using the autoallocation functionality.

  D. It is not possible to satisfy this requirement; recurring journals must be created manually.

  Correct Answer: C

• Question 297:

  The client's GL accountant comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval because the Approve button is disabled in the Enter Journals form and the supervisor has not received a notification requesting the approval. What could be the possible cause for this problem?

  A. The profile option GL: Allow Preparer Approval must be reset.

  B. One of the GL account code combinations in the journal is invalid.

  C. Authorization limits have not been defined properly and the GL period is closed.

  D. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.

  Correct Answer: D

• Question 298:

  What are the five steps for creating MassAllocation journal entries? (Choose five.)

  A. posting journal entries

  B. reviewing journal entries

  C. validating cross-validation rules

  D. freezing the accounting flexfield

  E. generating MassAllocation journals

  F. creating the MassAllocation definition

  G. validating the MassAllocation definition

  Correct Answer: ABEFG

• Question 299:

  Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

  A. Whether you can do this depends on the formula.

  B. You can customize the workflow and then do this.

  C. Whether you can do this depends on the responsibility.

  D. You can do this only if Allow Dynamic Insert is enabled.

  E. You can do this only if there is a summary account associated with the parent.

  Correct Answer: E

• Question 300:

  Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

  A. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.

  B. Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.

  C. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type.

  D. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.

  E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.

  Correct Answer: D