Oracle.Passit4sure.1z0-516.v2019-01-16.by.Steven€¦ · 1z0-516.exam.410q Number : 1z0-516...

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https://www.gratisexam.com/ 1z0-516.exam.410q Number : 1z0-516 Passing Score : 800 Time Limit : 120 min https://www.gratisexam.com/ 1z0-516 Oracle EBS R12.1 General Ledger Essentials Sections 1. Volume A 2. Volume B 3. Volume C 4. Volume D 5. Volume E 6. Volume F 7. Volume G 8. Volume H

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Oracle EBS R12.1 General Ledger Essentials

Sections1. Volume A2. Volume B3. Volume C4. Volume D5. Volume E6. Volume F7. Volume G8. Volume H

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Exam A

QUESTION 1To review available Financial Statement Generator elements, which two reports would be helpful? (Choose two.)

A. Column Set Detail Listing, Report Detail Listing

B. Content Set Detail Listing, Report Set Detail Listing

C. Column Set Summary Listing, Row Set Detail Listing

D. Content Set Detail listing, Chart of Accounts - Rollup Detail Listing

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

QUESTION 2ABC.com has offices around the world, spread across different legal entities. ABC.com is implementing Oracle General Ledger. Its accounting department wantsto know how to reduce the burden of elimination entries. What do you recommend?

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A. Summary Journals

B. ADI Journals

C. Intercompany Journals

D. Recurring Journals

E. Mass Allocation

Correct Answer: DSection: Volume AExplanation

Explanation/Reference:

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QUESTION 3Oracle General Ledger provides a variety of ways to get information from reports and queries. What can you do using standard reports that you cannot do usingon-line queries? (Choose all that apply.)

A. group reports into report sets

B. review T-Accounts

C. view non-financial information

Correct Answer: ACSection: Volume AExplanation

Explanation/Reference:

QUESTION 4Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

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

B. Summary accounts use the summing segment type for mass allocations, whereas parent accounts use the looping segment type.

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

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

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

Correct Answer: DSection: Volume AExplanation

Explanation/Reference:

QUESTION 5Which two statements correctly describe the translation process? (Choose two.)

A. The translation process allows you to translate only year-to-date amounts.

B. If you rerun the translation process, the process adds the additional data to the previous translated amounts.

C. You can rerun the translation process more than once per period.

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D. Translation for a subsidiary can be initiated from the parent using the State Controller Translate button.

Correct Answer: CDSection: Volume AExplanation

Explanation/Reference:

QUESTION 6For each subledger there should be one _____.

A. Account Type

B. Journal Category

C. Journal Type

D. Journal Source

Correct Answer: DSection: Volume AExplanation

Explanation/Reference:

QUESTION 7All of the manual journal entries are defaulting to a non current period. Which step was omitted from the accounting cycle?

A. Post Journal Entries

B. Update Period

C. Consolidate Financials

D. Translated Foreign Balances

E. Reverse Journal Entries

Correct Answer: BSection: Volume AExplanation

Explanation/Reference:

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QUESTION 8ABC.com would like a consolidation process to consolidate operations in the UK and US. ABC.com requires a summary of transactions from both companies.Company 01 is located in Chicago; Company 02 is located in London. Both companies share only the same calendar. Which actions should be considered whendefining the consolidation process for ABC.com? (Choose all that apply.)

A. Define a consolidation process using the Global Consolidation System by defining Parent Company 90 to consolidate data from Company 01 and Company 02.

B. Select the transaction method for transferring data from Company 01 to Company 90.

C. Define an elimination set to include a group of related elimination entries.

D. Define mapping rules to map Company 01 and Company 02 to Company 90.

Correct Answer: ACDSection: Volume AExplanation

Explanation/Reference:

QUESTION 9The clients GL accountant ABC.com comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit thejournal for approval because the Approve Button is grayed out in the Enter Journals form, and the supervisor has not received a notification requesting the approval.What do you suggest as the possible cause for this problem?

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

B. Authorization limits have not been defined properly and the GL Period is closed.

C. The Profile option Allow Preparer Approval needs to be reset.

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

Correct Answer: ASection: Volume AExplanation

Explanation/Reference:

QUESTION 10ABC.com is a global company based in the United States with divisions in North American, Europe and Asia. All of the journal imports, recurring journals, massallocations and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?

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A. Consolidate to the parent set of books.

B. Reconcile account balances.

C. Translate to functional currency.

D. Open the next period.

E. Close the current period.

F. Revalue foreign currency balances.

G. Run financial reports.

Correct Answer: FSection: Volume AExplanation

Explanation/Reference:

QUESTION 11Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)

A. Account Analysis

B. Trial Balance - Detail

C. Currency - Daily Conversion Rates Listing

D. Chart of Accounts - Segment Values Listing

E. Other - Calendar Validation Report

Correct Answer: ABSection: Volume AExplanation

Explanation/Reference:

QUESTION 12ABC.com wants to define a consolidation process for its enterprise.

It has two sets of books: set of books A and Set of Books B. Both sets of books will be defined in Oracle General Ledger. Set of books A will have three companies with the same chart of accounts as set of books B. Set of books A will have USD as its currency.

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Set of books B will have four companies with the same chart of accounts and different calendar as set of books A. Set of books B will have GPD as its currency.

Which consolidation method would you recommend?

A. Interface Data Transformer

B. Global Consolidation System

C. Financial Statement Generator

D. Global Intercompany System

E. Applications Desktop Integrator

Correct Answer: BSection: Volume AExplanation

Explanation/Reference:

QUESTION 13ABC.com has a requirement that all budget entries are made through journals. Where would you set this up?

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A. Journal Sources

B. Set of Books

C. Journal Categories

D. Journal Types

E. Budget Organizations

Correct Answer: BSection: Volume AExplanation

Explanation/Reference:

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QUESTION 14In which three ways do sub-ledgers transfer information into General Ledger? (Choose three.)

A. Detail Journals

B. Line level records

C. Summary Journals

D. Balances

E. Batch Transfer

Correct Answer: ACESection: Volume AExplanation

Explanation/Reference:

QUESTION 15Which four are valid consolidation tools? (Choose four.)

A. Financial Statement Generator

B. Applications Desktop Integrator

C. Global Consolidation System

D. Global Intercompany System

E. Interface Data Transformer

Correct Answer: ABCESection: Volume AExplanation

Explanation/Reference:

QUESTION 16In the course of implementing General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. They have been tested and you are now ready to create these same reports in a production environment. You want to run the Financial Statement Generatortransfer program. What is the minimum necessary to run this program? (Choose two.)

A. Same set of books must be defined.

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B. Same row and column sets must exist in production.

C. Database links must be defined.

Correct Answer: ACSection: Volume AExplanation

Explanation/Reference:

QUESTION 17Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

A. Inventory

B. Payables

C. Purchasing

D. Receivables

E. Assets

Correct Answer: ESection: Volume AExplanation

Explanation/Reference:

QUESTION 18You set the GL: Journal Review Required profile option to Yes. What is the result?

A. requires generated Autoallocation Journals to be reviewed before posting

B. requires review of Recurring Journals before posting

C. requires review of journals belonging to identified categories before posting

D. requires all Journals to be reviewed before posting

E. requires review of a journal entered in GL by the approver before posting

Correct Answer: ASection: Volume AExplanation

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Explanation/Reference:

QUESTION 19What is the effect of summary accounts on the efficiency of the posting process?

A. There is no effect, because summary accounts do not use the posting process to accumulate values.

B. Use of summary accounts decreases the efficiency of the posting process.

C. Use of summary accounts increases the efficiency of the posting process.

D. Use of summary accounts neither increases nor decreases the efficiency of the posting process.

Correct Answer: BSection: Volume AExplanation

Explanation/Reference:

QUESTION 20ABC.com has three companies in Canada, two companies in the United States, two companies in Singapore, and one company in Belgium. All the companies,except for one in Canada, have the same fiscal year-end calendar. ABC Enterprise wants to use a common chart of accounts structure globally and set up eachcompany as a balancing segment value. What is the minimum number of sets of books that should be defined?

A. 8

B. 4

C. 5

D. 7

E. 6

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

QUESTION 21A ABC.com manager wants to review the cash balance by company. He has asked you to create the summary account template. ABC.coms accounting flexfield

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has four segments:

Company (5 values) Cost Centers (30 values) Region (4 values) Account (180 values)

The total number of cash accounts is 5, which are associated with 2 parents: 3 accounts are associated with the parent called Checking; 2 accounts are identified with the parent called Savings.

To combine the Cash parents, you create a rollup group named Cash.

Which summary account template would you create to review cash balances by company? (D: Detail)(T: Total)

A. D-T-T-Cash

B. T-D-T-Cash

C. D-T-D-Cash

D. D-D-D-Cash

E. T-T-T-Cash

F. T-D-D-Cash

Correct Answer: ASection: Volume AExplanation

Explanation/Reference:

QUESTION 22Joe is the controller of ABC.com, your client. He is anxious to see you demonstrate the basic functionality of General Ledger with a set of books that somewhatreflects his company's business. Tell him the minimum four pieces of information you need from him, to create a set of books for your demonstration. (Choosefour.)

A. number of accounting periods

B. accounting calendar with periods and fiscal year end

C. currencies that his company has transactions in

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D. currency conversion rates

E. suspense account

F. retained earnings account

G. intercompany account

H. company organization structure for Chart of Accounts

I. encumbrance account

J. the base (functional) currency of his company

Correct Answer: BFHJSection: Volume AExplanation

Explanation/Reference:

QUESTION 23Exhibit:

You work as a DBA for ABC.com. Please study the exhibit carefully.

You are implementing Oracle General Ledger at ABC.com's site. ABC.com is based in the U.S. but has a global presence in many countries worldwide, and hastransactions in multiple currencies.

The implementation team decides that Oracle General Ledger multi currency setup will be part of the implementation.

ABC.com's Chief Financial Officer wants a system which has features are displayed in the exhibit.

Which of the requirements can be satisfied with the implementation?

A. All requirements from I to V can be satisfied.

B. I, II & III only

C. I, II, III & IV only

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D. I, II, IV & V only

Correct Answer: ASection: Volume AExplanation

Explanation/Reference:

QUESTION 24ABC.com is a U.S.-based company with business operations in North America and Europe. It has existing Oracle GL sets of books in its single global instance. Allsets of books use a global chart of accounts and a common accounting calendar.

It just expanded its business to Australia and acquired two new companies with the same year end as ABC.com. It wants to be able to include the new companiesin existing financial reports created with Financial Statements Generator (FSG).

How can it easily integrate the two new companies into its existing GL with minimal effort?

A. Define the new company values, enable AUD currency and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the twonew sets of books into their existing consolidation set of books.

B. Define two new company values, define a new AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidatethe new sets of books into its existing consolidation set of books.

C. Define two new company values, enable AUD currency, and define a new set of books. Translate AUD to USD and include the two new companies for FSGreports in USD.

D. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the newsets of books into its existing consolidation set of books.

E. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD and include the two new companies for FSGreports in USD.

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

QUESTION 25ABC.com, the GL accountant comes to you with a requirement to define a particular Autoallocation request set where approvers are sent notifications automaticallyfor the generated journals. If there are any problems in generating the journals, then he should have the option to rollback the whole process. What is yourresponse?

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

B. It is not possible to satisfy this requirement.

C. The GL:Autoallocation Rollback Allow profile option must be enabled.

D. Dynamic Insert must be enabled to satisfy this requirement.

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

QUESTION 26ABC.com's GL accountant is responsible for taking care of recurring journals. She comes to you with a problem: she ran the Generate Recurring Journal programbefore the AP and Payroll entries had been posted to GL. As a result, the recurring journal entries created are incorrect. She has not yet posted the generatedrecurring journal, and wants to know whether she can generate it again. The Sequential Numbering profile option is set to Partially used. What response do youoffer?

A. Generate this recurring journal in the previous period.

B. It is not possible under this scenario to regenerate the recurring journal.

C. Generate this recurring journal in the next period.

D. Delete the first generated recurring journal and generate it again.

E. Generate the recurring journal again, because it has not been posted yet.

Correct Answer: DSection: Volume AExplanation

Explanation/Reference:

QUESTION 27

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When you change a summary account template funds check level from None to Advisory or Absolute, you need to _____.

A. delete the original template and then recreate it for the appropriate funds check level

B. complete the required data on the template for the new funds check level

C. do nothing else; no additional work is needed

D. change the time period on the template to Earliest Period to identify the begin date of the new funds check level

Correct Answer: ASection: Volume AExplanation

Explanation/Reference:

QUESTION 28To review available Financial Statement Generator elements, which two reports would be helpful? (Choose two.)

A. Content Set Detail listing, Chart of Accounts - Rollup Detail Listing

B. Content Set Detail Listing, Report Set Detail Listing

C. Column Set Summary Listing, Row Set Detail Listing

D. Column Set Detail Listing, Report Detail Listing

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

QUESTION 29You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the U.S. but has a presence in many countries worldwide, and hastransactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. The company's managementin the U.S. wants to see all the transactions in U.S. dollars, whereas the management in Europe wants to see the transactions in euros. The CFO has stated this requirement: While entering the daily transactions the user should have the ability to enter the current exchange rate, but at month end the assets and liabilities in euros could beconverted into U.S. dollars at the monthly average exchange rate. Can this requirement be satisfied?

A. Account generator needs to be customized to satisfy this requirement.

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B. Oracle GL does not support this functionality.

C. Oracle GL provides this functionality and there is no problem in satisfying the requirement.

D. Workflow needs to be customized to satisfy this requirement.

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

QUESTION 30During 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 consultantfor help and he e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

A. The journal batch has not been approved.

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

C. The source is frozen.

D. Funds have been reserved for the batch.

E. The journal batch has not been posted.

Correct Answer: BCDSection: Volume AExplanation

Explanation/Reference:

QUESTION 31Select the three true statements about mapping rules. (Choose three.)

A. There are only two mapping rule actions: 1. Copy Value from; 2. Assign Value from

B. Mapping sets enable you transfer data from multiple subsidiaries simultaneously.

C. A rollup rule tells General Ledger what detail level of information to transfer and how to roll that information up to the parent.

D. You can define a combination of segment values and account rules.

E. There are only three rollup rules: 1. Transfer Level Detail - Using Detail Ranges; 2. Transfer Level Detail - Using Parent; 3. Transfer Level Summary - UsingParent

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Correct Answer: BCDSection: Volume AExplanation

Explanation/Reference:

QUESTION 32What are two benefits of using the Journals Import: Group By Effective Date profile option? (Choose two.)

A. Facilitate more transparent exchange rate conversions.

B. Make daily updates to daily business intelligence.

C. Facilitate consolidation.

D. Account for business transactions by effective date or by accounting date.

Correct Answer: BDSection: Volume AExplanation

Explanation/Reference:

QUESTION 33You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a presence in many countries worldwide, and has transactionsin multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. The GL accountant tells you that thecompanys outstanding loans in Europe in euros, and at every month end there is a need to revalue and report these loans in US dollars on the current exchangerate. She wants a system that automatically performs this revaluation using the month-end exchange rates. She wants to know whether this requirement can besatisfied. What is your response?

A. Oracle GL provides this functionality and there is no problem in satisfying the requirement.

B. Account generator needs to be customized to satisfy this requirement.

C. Workflow needs to be customized to satisfy this requirement.

D. Oracle GL does not support this functionality.

Correct Answer: ASection: Volume AExplanation

Explanation/Reference:

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QUESTION 34ABC.com wants to compare actual amounts against their budgeted amounts. Which reporting or query options would provide that detail? (Choose two.)

A. Account Analysis

B. On-line Account Inquiry

C. On-line Budget Inquiry

D. Trial Balance

E. Financial Statement Generator

Correct Answer: BESection: Volume AExplanation

Explanation/Reference:

QUESTION 35What is true about the budgetary control summary account template's indication that funds are available?

A. It indicates that funds are available when the result is less than one, regardless of the balance type.

B. When the summary account template is a Debit balance type, the amount is positive; when the template is a Credit balance type, the amount is negative.

C. When the summary account template is a Debit balance type, the amount is negative; when the template is a Credit balance type, the amount is positive.

D. It indicates that funds are available when the result is greater than one, regardless of the balance type.

Correct Answer: BSection: Volume AExplanation

Explanation/Reference:

QUESTION 36US.-based ABC.com wants to consolidate the U.K. subsidiary accounting and the China subsidiary accounting into the U.S. parent accounting information. Bothforeign subsidiaries and the U.S. parent have different currencies and different calendars. Which correctly describes the steps required before transferringbalances to the U.S. parent?

A. Run the revaluation process, post the revaluation journal, translate foreign currency, run the Trial Balance Report in the translated currency in the subsidiary set

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of books, review the Trial Balance to ensure accuracy.

B. Translate the foreign currency, post the translated journal entry, revalue the balance sheet accounts, run the Trial Balance Report in the translated currency inthe subsidiary set of books, review the Trial Balance to ensure accuracy.

C. Run the revaluation process, post the revaluation journal, translate the foreign currency, post the translated journal entry, run the Trial Balance Report in thetranslated currency in the subsidiary set of books. Review the Trial Balance to ensure accuracy.

Correct Answer: ASection: Volume AExplanation

Explanation/Reference:

QUESTION 37ABC.com, the GL accountant, comes to you and asks whether she can use the Constant (C) segment type with parent segment values while defining the massallocation formula. What is your response?

A. Allow Dynamic Insert must be enabled, and then you can do this.

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

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

D. You can only do so if there is a summary account associated with the parent.

E. You can customize the workflow, and then you can do this.

Correct Answer: DSection: Volume AExplanation

Explanation/Reference:

QUESTION 38ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States,France, and Spain. You are told that both France and Spain require Document Sequencing whereas Canada and the United States do not. There are three legalentities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the same fiscal year end. Advise the DBI Enterprise corporatecontroller what is feasible, in order to set up the minimum number of set of books, without customization.

A. 1 set of books for Canada, 1 for the U.S. and 1 for France and 2 for Spain. Install and set up Global Accounting Engine for France and Spain sets of books.

B. 1 set of books for Canada, 1 for the U.S. and 2 for France and 1 for Spain. Enable Document Sequencing for France and Spain sets of books.

C. 1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencing for France and Spain sets of books.

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D. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Enable Document Sequencing for Europe set of books only.

E. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Install and set up Global Accounting Engine for Europe.

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

QUESTION 39Which three are true about the Global Consolidation System? (Choose three.)

A. consolidates data from legacy feeder system

B. consolidation process creates consolidated journal entries in both parent and subsidiary sets of books

C. performs multidimensional analysis of consolidated financial data using Oracle Financial Analyzer

D. automatically generates journal entries to eliminate intercompany balances based on defined rules

Correct Answer: ACDSection: Volume AExplanation

Explanation/Reference:

QUESTION 40Select the two minimum set up steps for intercompany accounting. (Choose two.)

A. Define a value set for the Company and Intercompany segments.

B. Set up intercompany accounts for journal source and journal category of Other.

C. Set up intercompany accounts for every journal source and journal category for intercompany transactions.

D. Define a clearing company for all many-to-many intercompany journals.

E. Include an Intercompany segment in the chart of accounts structure.

F. Define a journal source and a journal category for Intercompany.

G. Enable the Intercompany Qualifier for the Intercompany segment.

H. Enable Balance Intercompany Journal when defining the set of books.

Correct Answer: BH

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Section: Volume AExplanation

Explanation/Reference:

QUESTION 41ABC.com, the GL accountant, says that she has defined the budget and she wants her assistant accountants to enter and update budgets, but she does not wantthis budget to be the default budget. What is your response?

A. If the client wants to do this, then the budget status should be Current.

B. If the client wants to do this, then the budget status should be Open.

C. The Oracle GL budget functionality cannot satisfy this requirement.

D. If the client wants to do this, then customization of Oracle Workflow is the only option.

Correct Answer: BSection: Volume AExplanation

Explanation/Reference:

QUESTION 42The clients GL accountant, George, is responsible for taking care of recurring journals. He comes to you with a problem. He defined a recurring journal batch, andafter that he generated the recurring journal from the definition. He wants to know whether he can add new lines in this unposted journal. What explanation wouldyou give to George?

A. The Allow Dynamic Insert box is not selected for the accounting flexfield.

B. The GL period is closed.

C. Additional lines can be added to an unposted recurring journal through Review journal window.

D. The GL accounts entered in the Enter Journal form relate to items that do not exist in the item master organization in the inventory module.

E. The GL account code combination is invalid.

Correct Answer: CSection: Volume AExplanation

Explanation/Reference:

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QUESTION 43Your client would like a consolidation process to consolidate operations in the UK and US. Your client requires a summary of transactions from both companies.Company 01 is located in Chicago; Company 02 is located in London. Both companies share only the same calendar. Which actions should be considered whendefining the consolidation process for your client? (Choose all that apply.)

A. Define mapping rules to map Company 01 and Company 02 to Company 90.

B. Define an elimination set to include a group of related elimination entries.

C. Define a consolidation process using the Global Consolidation System by defining Parent Company 90 to consolidate data from Company 01 and Company 02.

D. Select the transaction method for transferring data from Company 01 to Company 90.

Correct Answer: ABCSection: Volume AExplanation

Explanation/Reference:

QUESTION 44A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about anAccounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.)

A. Journal source was not set up to import references.

B. Journal entry was not posted.

C. Drilldown was option not added to responsibility.

D. Journal import was not done.

E. Journal category was improperly setup.

Correct Answer: ACSection: Volume AExplanation

Explanation/Reference:

QUESTION 45For which two business reasons would you use reporting hierarchies instead of summary accounts? (Choose two.)

A. The primary use for summarization is only for reports.

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B. You want to use summarized data in journal formulas.

C. Summary relationships are not permanent.

D. You want online inquiry of summary amounts.

E. You want to easily reorganize summary views in the future.

Correct Answer: AESection: Volume AExplanation

Explanation/Reference:

QUESTION 46Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have aremaining balance. What would be the likely cause of these remaining balances?

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A. Natural accounts were defined with incorrect account type.

B. Natural accounts were defined as parent values.

C. Natural accounts were defined to hold both statistical and monetary values.

D. Natural accounts were defined to not allow posting.

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 47Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit andLoss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit andLoss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will runsuccessfully? (Choose two.)

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A. Perform an on-line inquiry to get the revenue balances.

B. Recreate the Profit and Loss under her own responsibility.

C. Ask to have the profile option FSG: Enforce Segment Value Security changed to No.

D. Ask to have security removed from her responsibility.

Correct Answer: CDSection: Volume BExplanation

Explanation/Reference:

QUESTION 48Which four statements are true about the Global Intercompany System AutoAccounting Rules? (Choose four.)

A. Sender Clearing Rules automatically generate the sender clearing transaction line.

B. Sender Distribution Rules automatically generate the sender transaction distribution line(s).

C. You can use only one set of Autoaccounting rules per pair of sender/receiver chart of accounts.

D. Receiver Clearing Rules automatically generate the receiver clearing transaction line.

E. Receiver Distribution Rules automatically generate the receiver transaction distribution line(s).

Correct Answer: ACDESection: Volume BExplanation

Explanation/Reference:

QUESTION 49What does the elimination program enable you to do? (Choose all that apply.)

A. eliminate average balances

B. create journal entries for all values in the source account to zero them out and post them to a target account

C. eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period

Correct Answer: BCSection: Volume B

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Explanation

Explanation/Reference:

QUESTION 50Which three statements are true about mapping rules? (Choose three.)

A. The Subsidiary set of books and Parent set of books must have the same chart of accounts to use segment-mapping rules.

B. You can define account rules.

C. You can define segment rules instead of account rules for faster processing.

D. You can define segment mapping rules.

E. You can modify your rollup rule after it has been saved.

F. You can define segment or account rules, but not a combination of both.

Correct Answer: BCDSection: Volume BExplanation

Explanation/Reference:

QUESTION 51ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States,France, and Spain. You are told that both France and Spain require Document Sequencing whereas Canada and the United States do not. There are three legalentities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the same fiscal year end. Advise the DBI Enterprise corporatecontroller what is feasible, in order to set up the minimum number of set of books, without customization.

A. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Install and set up Global Accounting Engine for Europe.

B. 1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencing for France and Spain sets of books.

C. 1 set of books for Canada, 1 for the U.S. and 1 for France and 2 for Spain. Install and set up Global Accounting Engine for France and Spain sets of books.

D. 1 set of books for Canada, 1 for the U.S. and 2 for France and 1 for Spain. Enable Document Sequencing for France and Spain sets of books.

E. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Enable Document Sequencing for Europe set of books only.

Correct Answer: BSection: Volume BExplanation

Explanation/Reference:

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QUESTION 52During 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 consultantfor help and he e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

A. The source is frozen.

B. The journal batch has not been approved.

C. The journal batch has not been posted.

D. Funds have been reserved for the batch.

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

Correct Answer: ADESection: Volume BExplanation

Explanation/Reference:

QUESTION 53What does the elimination program enable you to do? (Choose all that apply.)

A. eliminate average balances

B. eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period

C. create journal entries for all values in the source account to zero them out and post them to a target account

Correct Answer: BCSection: Volume BExplanation

Explanation/Reference:

QUESTION 54What are the possible posting options in Oracle General Ledger?

A. Post multiple batchesPost batches that meet specific criteria by submitting a concurrent request

B. Post Journal batches individually

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Post multiple journals

C. Post Journal batches individuallyPost multiple batchesPost batches that meet specific criteria by submitting a concurrent request and using Journal Approval

D. Post Journal batches individuallyPost multiple batchesUse AutoPost

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 55ABC.com, the GL accountant comes to you and says that she is running the tests to check budget functionality. She says that the GL period is closed, but she wasable to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Tess was able to post the budget journal is closed. What explanation do you provide to Tess?

A. The budget year is Open.

B. The budget status is Current.

C. The Profile option Require Budget Journal is set at the set of books level.

D. The budget status is Frozen.

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 56Exhibit:

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You work as a DBA for ABC.com. Please study the exhibit carefully.

Choose the correct set of events, in their correct order, for the accounting process.

A. G, F, E, A, B, D, C

B. F, G, E, A, B, C, D

C. G, F, E, A, B, C, D

D. G, F, A, B, C, E, D

E. C, F, E, A, B, D, G

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 57After discussions with the client, the implementation team decides that the GL Autoallocation functionality would help satisfy the clients requirements to

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automatically allocate the rent and other expenses to all the departments based on the defined formula. The GL accountant comes to you with a requirement thatthe approver of the journal should be automatically informed once the journal is generated. What is your response?

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

B. Dynamic Insert must be enabled to satisfy this requirement.

C. Autoallocation uses Workflow, so there is no problem in satisfying this requirement.

D. It is not possible to satisfy this requirement.

Correct Answer: CSection: Volume BExplanation

Explanation/Reference:

QUESTION 58ABC.com's global chart of accounts structure includes the Company (balancing) segment and Intercompany segment (with Intercompany segment qualifier) inorder to properly identify the intercompany trading party. Which statement is NOT true about using an Intercompany segment in the chart of accounts structure?(Choose the statement that is NOT true.)

A. The Company and Intercompany segments can share the same value set.

B. GL automatically populates the intercompany segment value in the Balancing segment to balance an intercompany journal.

C. You can enable security for the Company segment and disable security for Intercompany segment.

D. If a journal entry is balanced within the same company value in the balancing segment, GL automatically uses the value in the Intercompany segment to createadditional journal lines for the trading company.

E. In a many-to-many intercompany journal, the use of a clearing company as the trading partner is possible.

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 59ABC.com is a U.S.-based company with business operations in North America and Europe. It has existing Oracle GL sets of books in its single global instance. Allsets of books use a global chart of accounts and a common accounting calendar.

It just expanded its business to Australia and acquired two new companies with the same year end as World Inc. It wants to be able to include the new companies

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in existing financial reports created with Financial Statements Generator (FSG).

How can it easily integrate the two new companies into its existing GL with minimal effort?

A. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD and include the two new companies for FSGreports in USD.

B. Define two new company values, define a new AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidatethe new sets of books into its existing consolidation set of books.

C. Define the new company values, enable AUD currency and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the twonew sets of books into their existing consolidation set of books.

D. Define two new company values, enable AUD currency, and define a new set of books. Translate AUD to USD and include the two new companies for FSGreports in USD.

E. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the newsets of books into its existing consolidation set of books.

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 60A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about anAccounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.)

A. Drilldown was option not added to responsibility.

B. Journal source was not set up to import references.

C. Journal entry was not posted.

D. Journal category was improperly setup.

E. Journal import was not done.

Correct Answer: ABSection: Volume BExplanation

Explanation/Reference:

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QUESTION 61Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

A. Receivables

B. Payables

C. Purchasing

D. Assets

E. Inventory

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 62Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days.Identify two sets of subledgers that can be closed concurrently. (Choose two.)

A. Projects and Payables

B. Order Management and Projects

C. Payables and Receivables

D. Inventory and Receivables

E. Payables and Assets

Correct Answer: BCSection: Volume BExplanation

Explanation/Reference:

QUESTION 63Which five do you need to define to meet the minimum pre-requisites to create a set of books? (Choose five.)

A. a retained earnings account

B. an accounting calendar

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C. a translation adjustment account

D. the functional currency (or a seeded currency)

E. an encumbrance account

F. a chart of accounts structure

G. a suspense account

H. a transaction calendar

I. at least one value for each segment of the chart of accounts

Correct Answer: ABDFISection: Volume BExplanation

Explanation/Reference:

QUESTION 64ABC.com, the GL accountant comes to you and says that she has defined two budgets, but after selecting the budget organization in the Enter Budget Amountsform, she can select only one budget from the list of values (LOV). What is your response?

A. Budget status is Current.

B. The first fiscal year of the budget was never opened.

C. The last fiscal year of the budget is Closed.

D. Accounts need to be reassigned to the budget organization.

Correct Answer: BSection: Volume BExplanation

Explanation/Reference:

QUESTION 65Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit andLoss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit andLoss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will runsuccessfully? (Choose two.)

A. Ask to have security removed from her responsibility.

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B. Ask to have the profile option FSG: Enforce Segment Value Security changed to No.

C. Recreate the Profit and Loss under her own responsibility.

D. Perform an on-line inquiry to get the revenue balances.

Correct Answer: ABSection: Volume BExplanation

Explanation/Reference:

QUESTION 66ABC.com, the GL accountant, says that the budget for which she is trying to enter data requires budget journals, but she wants to enter budget amounts directly.You check the budget setups and confirm that the Require Budget Journal option is not enabled at the set of books level. What could be cause of Tess's problem?

A. The Require Budget Journal option is enabled at the budget level.

B. The Budget status is Frozen.

C. The budget organization is not properly defined.

D. The Allow Preparer Approval profile option is not enabled.

E. Data is being entered in a closed period.

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 67ABC.com, the GL accountant comes to you with a requirement that all the journal batches for financial allocations should be automatically generated and validated.She wants to know whether Oracle GL functionality can satisfy this requirement. What is your response?

A. 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.

Correct Answer: CSection: Volume B

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Explanation

Explanation/Reference:

QUESTION 68When you change a summary account template funds check level from None to Advisory or Absolute, you need to _____.

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A. delete the original template and then recreate it for the appropriate funds check level

B. change the time period on the template to Earliest Period to identify the begin date of the new funds check level

C. do nothing else; no additional work is needed

D. complete the required data on the template for the new funds check level

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 69You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a global presence in many countries worldwide, and hastransactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. One of the companies inEurope has a requirement to maintain account balances both in U.S. dollar and in euros, and for this purpose they have to enter each transaction twice in theirpresent system, once in U.S. dollars and then again in euros. The Controller wants a system where transactions can be entered only in one currency, and then beautomatically converted into another currency. Additionally they need the flexibility to enter different exchange rates for different types of accounts. He wants toknow whether this requirement cold be fulfilled. What is your response?

A. Oracle GL provides this functionality and there is no problem in satisfying the requirements.

B. Workflow needs to be customized to satisfy this requirement.

C. Transactions could be automatically converted into another currency, but different exchange rate types are not supported.

D. Oracle GL does not support this functionality.

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Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 70The controller has asked you to produce a report that identifies the total outstanding receivable by customer, as of the period-ending date. Which report would fulfillthis request?

A. Journal Entry Report

B. Receipts Journal

C. Applied Receipt Register

D. Aging Report

E. Account Analysis by Subsidiary Ledger

F. Transaction Register

G. Sales Journal by General Ledger Account

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 71Your client is closing its first period. The Accounting Manager informs you that she is unable to transfer payables to the general ledger or run other reports. She isusing the Company XYZ Payable Manager responsibility. What is the likely cause of this error?

A. The responsibility is set up with menu exclusions.

B. The responsibility is set up without a request group.

C. The responsibility is set up with security attributes.

D. The responsibility is set up without a data group.

Correct Answer: BSection: Volume BExplanation

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Explanation/Reference:

QUESTION 72Mark, the GL accountant comes to you and says that he is running the tests to check budget functionality. He says that the GL period is closed, but he was able topost the budget journal in a closed period. You check the setups and confirm that the GL period in which Peter was able to post the budget journal is closed. Whatexplanation do you provide to Mark?

A. The budget year is Open.

B. The budget status is Current.

C. The budget status is Frozen.

D. The Profile option Require Budget Journal is set at the set of books level.

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 73Which three functions can the Payables Accounting Process perform? (Choose three.)

A. transfers data to the interface table

B. runs the journal import

C. validates distribution lines

D. creates accrual entries

E. creates accounting entries

Correct Answer: ABESection: Volume BExplanation

Explanation/Reference:

QUESTION 74Which two actions would you perform using the Column Set Builder? (Choose two.)

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A. create format mask

B. assign accounts

C. sort rows based on values in a column

D. define calculations in new column

Correct Answer: ADSection: Volume BExplanation

Explanation/Reference:

QUESTION 75ABC.com is a national company with five divisions that share the same set of books. Select the statement that best describes the consolidation process forABC.com.

A. Enter eliminating journals and run financial reports.

B. Run revaluation and translation, transfer data and run financial reports.

C. Transfer data and run financial reports.

D. Run revaluation, translation, and eliminations; transfer data and run financial reports.

E. Run translations, transfer data and run financial reports.

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 76Which type(s) of journal entry does General Ledger automatically reverse and post?

A. actuals and budgets only

B. actuals, budgets and encumbrance

C. actuals only

D. budgets and encumbrance only

E. budgets only

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Correct Answer: CSection: Volume BExplanation

Explanation/Reference:

QUESTION 77You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:

1. They want to be able to pay only certain types of suppliers by batch. 2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention. 3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is automatically not issued.

To meet the above requirements, you perform these steps:

To meet the above requirements, you perform these steps:

a) Set up suppliers with pay groups for each type, and use them when running the payment batch. b) Set up the payment batch with Maximum Outlay equal to $100,000 USD. c) Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD.

Which requirements have you met?

A. 2 and 3

B. 1, 2 and 3

C. 1 and 2

D. 1 and 3

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 78Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.

A. a paper check to print and send to a supplier

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B. an EFT, EDI, or XML to the bank of a supplier

C. a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier

D. transmission of payment information to an external party, such as your bank, that prints checks on your behalf

Correct Answer: CSection: Volume BExplanation

Explanation/Reference:

QUESTION 79With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. When you reconcile payments using Oracle CashManagement, Cash Management updates the status of payments. Select the new status.

A. issued

B. updated

C. negotiable

D. reconciled

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 80Which event reverses an accrual for an item set to accrue on receipt?

A. paying an invoice

B. delivering goods to a final destination

C. running the Receipt Accruals - Period-end process

D. matching an invoice in Payables to a purchase order

Correct Answer: DSection: Volume BExplanation

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Explanation/Reference:

QUESTION 81Identify three setup options that are defined in the Financial Options window. (Choose three.)

A. interest

B. retainage

C. miscellaneous

D. expenses clearing

E. expense AP accrual account

Correct Answer: BCDSection: Volume BExplanation

Explanation/Reference:

QUESTION 82Select two actions available in Oracle General Ledger. (Choose two.)

A. deleting posted journals

B. exporting data to subsidiary ledgers

C. importing data from subsidiary ledgers

D. consolidating balances in subsidiary ledgers

E. consolidating balances from multiple ledgers

Correct Answer: CESection: Volume BExplanation

Explanation/Reference:

QUESTION 83Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?

A. Oracle Assets

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B. Oracle Projects

C. Oracle Treasury

D. Oracle Receivables

E. Oracle Property Manager

Correct Answer: CSection: Volume BExplanation

Explanation/Reference:

QUESTION 84Identify the different types of data that can be processed using the GL Interface. (Choose three.)

A. rates

B. budget

C. vendors

D. statistical

E. intercompany

F. currency codes

Correct Answer: BDESection: Volume BExplanation

Explanation/Reference:

QUESTION 85Choose the reason why Tina is unable to view the subledger entries from Oracle Payables in the Oracle General Ledger module. She has run the transfer programthat completes successfully.

A. Journal Import is not submitted.

B. The Journal source is not defined.

C. The Journal category is not defined.

D. Payables is not integrated with General Ledger.

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Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 86ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choosethe number of primary ledgers that are required to be defined.

A. five

B. four

C. two

D. one

E. three

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 87Choose three tables that will be populated when the Journal Import process is run with the option to post set as "Yes." (Choose three.)

A. GL_JE_LINES

B. GL_JE_BATCHES

C. GL_JE_HEADERS

D. GL_JE_SOURCES

E. GL_IMPORT_REFERENCES

Correct Answer: ABCSection: Volume BExplanation

Explanation/Reference:

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QUESTION 88Select three levels where additional reporting currency representations can be maintained. (Choose three.)

A. batch

B. journal

C. balance

D. subledger

Correct Answer: BCDSection: Volume BExplanation

Explanation/Reference:

QUESTION 89You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a global presence in many countries and transactions inmultiple currencies. The implementation team decides that the Oracle General Ledger multi-currency setup will be a part of the implementation. The client's ChiefFinancial Officer wants a system that has these features:

1. Enter transactions and reports in any currency. 2. Enter exchange rates online or automatically. 3. Calculate realized and unrealized gains and losses. IV. Translate actual and budget balances. 4. Produce foreign currency financial statements and reports.

Which requirements can be satisfied with the implementation?

A. 1, 2, and 3 only

B. 1, 2, 3, and 4 only

C. 1, 2, 4, and 5 only

D. All requirements from 1 through 5 can be satisfied.

Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

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QUESTION 90Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choose three.)

A. Enter transactions and reports in any currency.

B. Enter exchange rates online and automatically.

C. Translate only actual but not budgeted balances.

D. Translate only budgeted but not actual balances.

E. Use daily, period end, average, and historical rates.

Correct Answer: ABESection: Volume BExplanation

Explanation/Reference:

QUESTION 91Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

A. You can maintain daily rates and historical rates more easily.

B. You get improved efficiency with the help of the spreadsheet interface.

C. You can maintain consistency among different currency conversion rates.

D. Additional security ensures that historical rates can be uploaded to closed or future periods only.

E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.

Correct Answer: ABCSection: Volume BExplanation

Explanation/Reference:

QUESTION 92John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company. John had defined the rates for GBP toUSD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INRcurrencies. What does John say to help Sam?

A. Currency Rates Manager automatically converts all transactions entered in INR to USD.

B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.

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C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.

D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.

E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.

Correct Answer: CSection: Volume BExplanation

Explanation/Reference:

QUESTION 93Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board of directors of the company. ABC Company engages inmany exports and import activities and follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott requests George, thehead accountant of the company, to revalue all foreign currency transactions done during the year. Select two prerequisites that George must comply with to ensurethat the revaluation is done as desired. (Choose two.)

A. Define accounts for realized gains and realized losses.

B. Define accounts for unrealized gains and unrealized losses.

C. Define the weights for each currency used for doing transactions.

D. Define a batch under which the revaluation journals would be stored.

E. Define a revaluation rate for each currency for each period or date for which the revaluation must be run.

Correct Answer: BESection: Volume BExplanation

Explanation/Reference:

QUESTION 94ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. TheUSD-to-INR rate when the transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABCCompany, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

A. XYZ Company is not impacted at all by this rate change.

B. XYZ Company has a positive impact by this rate change.

C. ABC Company is not impacted at all by this rate change.

D. ABC Company has a positive impact by this rate change.

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Correct Answer: ADSection: Volume BExplanation

Explanation/Reference:

QUESTION 95Select two statements that are correct for the secondary tracking segment. (Choose two.)

A. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.

B. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.

C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.

D. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account,and the cumulative translation adjustment account.

E. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or lossesaccount, and the cumulative translation adjustment account.

Correct Answer: CDSection: Volume BExplanation

Explanation/Reference:

QUESTION 96Identify four consolidation tools. (Choose four.)

A. Interface Data Transformer

B. Global Consolidation System

C. Global Intercompany System

D. Financial Statement Generator

E. Applications Desktop Integrator

Correct Answer: ABDESection: Volume BExplanation

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Explanation/Reference:

QUESTION 97Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

A. Both budget and actual balances can be consolidated.

B. Consolidation is possible only when the subsidiaries use multiple Oracle application instances.

C. You can consolidate balances only when there are separate ledgers for different companies.

D. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.

Correct Answer: ADSection: Volume BExplanation

Explanation/Reference:

QUESTION 98ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates the accounts of all subsidiaries and the headquarters byusing the average balances.

John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for the current month. On completion of the consolidation, Johnwas not able to tally the consolidated figures with the ledgers. Select two reasons why John failed to see the correct balances. (Choose two.)

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A. Posting of the consolidation journals may have failed.

B. He forgot to add the prior periods consolidation in the current period.

C. Manual adjustment needed after every consolidation was not performed.

D. John may not have reversed the prior periods consolidation in the current period.

Correct Answer: ADSection: Volume BExplanation

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Explanation/Reference:

QUESTION 99Select two restrictions that apply to consolidating budget balances. (Choose two.)

A. If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.

B. If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.

C. If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.

D. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.

E. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.

Correct Answer: DESection: Volume BExplanation

Explanation/Reference:

QUESTION 100Select three statuses of the consolidation workbench. (Choose three.)

A. posted

B. entered

C. exported

D. reversed

E. transferred

Correct Answer: ADESection: Volume BExplanation

Explanation/Reference:

QUESTION 101Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

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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: ACDSection: Volume BExplanation

Explanation/Reference:

QUESTION 102Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has afive-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)

A. Only one action can be defined per parent segment.

B. Consolidations based on account rules process faster.

C. Consolidations based on segment rules process faster.

D. Segment rules override account rules if there is any conflict.

E. A segment rule action must be defined for each segment in the parent chart of accounts.

Correct Answer: ACESection: Volume BExplanation

Explanation/Reference:

QUESTION 103Which two are true about elimination? (Choose two.)

A. You can define balancing options for eliminating entries.

B. You can define an elimination set to contain one elimination entry.

C. Currency is an optional component when defining an elimination set.

D. You must specify an elimination company in the Elimination Sets window.

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Correct Answer: ABSection: Volume BExplanation

Explanation/Reference:

QUESTION 104All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

A. updating the period

B. posting journal entries

C. consolidating financials

D. reversing journal entries

E. translating foreign balances

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

QUESTION 105Select the correct sequence of tasks required for period closing in Oracle General Ledger.

1. Verify that all journals are posted. 2. Close the period of each subledger. 3. Run the Trial Balance report and other month-end reports. 4. Close the period and open the next period. 5. Perform reconciliation of subsidiary ledgers. 6. Transfer and import data from all subledgers.

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

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

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

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

E. 6, 2, 3, 1, 5, 4

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Correct Answer: DSection: Volume BExplanation

Explanation/Reference:

QUESTION 106Which 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: ACDESection: Volume BExplanation

Explanation/Reference:

QUESTION 107You have a new employee in the buying department. She set up a number of item numbers and chose not to flag them for invoicing. Several transactions havebeen completed in Order Management by using these new item numbers. What effect would this event have on the Receivables closing process?

A. The transactions would be flagged as exceptions.

B. The transactions would be deleted from the system.

C. The transactions would prevent Receivables from being closed.

D. The transactions would prevent Order Management from being closed.

Correct Answer: ASection: Volume BExplanation

Explanation/Reference:

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QUESTION 108Identify two types of inquiries that are possible on ledger sets. (Choose two.)

A. variance inquiry

B. summary template and summary account inquiries

C. a budget balance inquiry to view the budgeted figures

D. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set

E. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set

Correct Answer: DESection: Volume BExplanation

Explanation/Reference:

QUESTION 109Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have aremaining balance. What would be the likely cause of these remaining balances?

A. Natural accounts were defined as parent values.

B. Natural accounts were defined to not allow posting.

C. Natural accounts were defined with an incorrect account type.

D. Natural accounts were defined to store both statistical and monetary values.

Correct Answer: CSection: Volume BExplanation

Explanation/Reference:

QUESTION 110Identify the three reports that can be processed using the State Controller window. (Choose three.)

A. Consolidation Audit

B. Consolidations Journal

C. Consolidation Financial

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D. Consolidation Exceptions

E. Consolidation Balance Inquiry

Correct Answer: ABDSection: Volume BExplanation

Explanation/Reference:

QUESTION 111Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its processbecause the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.)

A. Review the workflow process.

B. Evaluate the mapping settings.

C. Review the GL_Interface tables.

D. Confirm the account hierarchy setups.

E. Run the period close by using a different amount type.

Correct Answer: BCSection: Volume BExplanation

Explanation/Reference:

QUESTION 112ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABCCompany with this information. (Choose two.)

A. Run the Trial Balance report.

B. Execute an online budget inquiry.

C. Execute an online account inquiry.

D. Review the Account Analysis report.

E. Run financial statement generator reports.

Correct Answer: CESection: Volume B

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Explanation

Explanation/Reference:

QUESTION 113Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

A. Download Web ADI.

B. Create the database link.

C. Determine the data to be reported.

D. Define attributes for rows and columns.

E. Decide which rows and columns will make up the report.

Correct Answer: CDESection: Volume BExplanation

Explanation/Reference:

QUESTION 114Which two actions would you perform by using the column set builder function? (Choose two.)

A. assigning accounts

B. creating the format mask

C. defining calculations in the new column

D. sorting rows based on values in a column

Correct Answer: BCSection: Volume BExplanation

Explanation/Reference:

QUESTION 115Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)

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A. Attach the fiscal calendar.

B. Define rows and columns.

C. Build a report by using rows and columns.

D. Specify the default ledger for ledger sets.

E. Determine which rows and columns make up your report.

Correct Answer: ADSection: Volume BExplanation

Explanation/Reference:

QUESTION 116In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a testenvironment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transferprogram. What two requirements are necessary to run this program? (Choose two.)

A. Database links must be defined.

B. The same ledgers must be defined in both instances.

C. Enable the FSG: AutoCopy profile option in the production environment.

D. The same row and column sets must exist in the production environment.

Correct Answer: ABSection: Volume BExplanation

Explanation/Reference:

QUESTION 117XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is "product." Selectthe element that would meet this need.

A. row set

B. row order

C. content set

D. column set

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Correct Answer: BSection: Volume BExplanation

Explanation/Reference:

QUESTION 118Identify two true statements about using column sets in an FSG report. (Choose two.)

A. Formats can be set for each column.

B. Accounts cannot be assigned to a column set.

C. Calculations can be performed by using columns.

D. The seeded column sets provided must be used.

Correct Answer: ACSection: Volume CExplanation

Explanation/Reference:

QUESTION 119During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the creditamounts 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: BSection: Volume CExplanation

Explanation/Reference:

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QUESTION 120You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US(West), the UK, and France. The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enableaverage balances and journal approvals. What would be the minimum number of setups needed to meet this need?

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A. four

B. two

C. one

D. three

Correct Answer: DSection: Volume CExplanation

Explanation/Reference:

QUESTION 121Identify two places where you can define a legal entity. (Choose two.)

A. set of books

B. data access set

C. Legal Entity Configurator

D. HRMS organization setup

E. Accounting Setup Manager

Correct Answer: CESection: Volume CExplanation

Explanation/Reference:

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QUESTION 122The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implementOracle General Ledger. They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting forreporting purposes. As an implementation consultant, what one recommendation would you make to meet the above requirement?

A. Create two primary ledgers with the standard cash method.

B. Create two primary ledgers with the standard accrual method.

C. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.

D. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.

E. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.

Correct Answer: ESection: Volume CExplanation

Explanation/Reference:

QUESTION 123XYZ Limited has hired Jack as the Oracle General Ledger implementation consultant. Select three steps that are required for creating a new accounting structure. (Choose three.)

A. Define jurisdictions.

B. Define period types.

C. Assign legal entities.

D. Save the accounting structure.

E. Define accounting representations.

F. Define subledger accounting methods.

Correct Answer: CDESection: Volume CExplanation

Explanation/Reference:

QUESTION 124Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup. Which two are true for the creation of theaccounting setup? (Choose two.)

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A. Assigning legal entities to accounting setups is compulsory.

B. After the subledger accounting method is assigned, it cannot be changed.

C. Before completing the accounting setup, secondary ledgers and currency can be deleted.

D. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.

Correct Answer: CDSection: Volume CExplanation

Explanation/Reference:

QUESTION 125You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger fortheir US operations. They want to maintain an additional ledger for management reporting and analysis purposes. They want all their department managers in theUS to use the additional ledger to book internal management adjustments that are not published in their financial statements. Choose two statements that are truein the given scenario. (Choose two.)

A. The secondary ledger contains day-to-day transactions.

B. The primary ledger must contain only management adjustments.

C. The secondary ledger represents the complete management picture.

D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.

E. Use ledger sets to combine primary and secondary ledgers to get the complete management picture.

Correct Answer: DESection: Volume CExplanation

Explanation/Reference:

QUESTION 126ABC 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 monthlycalendar. 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.

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

Correct Answer: ASection: Volume CExplanation

Explanation/Reference:

QUESTION 127ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledgercontains manual adjustments and automated adjustments. The New Delhi office does not need a complete ledger to perform management or statutory reporting.Which four statements are true in the given scenario? (Choose four.)

A. The Mumbai ledger is an adjustment-only secondary ledger.

B. Perform all adjustments in the Mumbai ledger.

C. Perform all day-to-day transactions in the New Delhi ledger.

D. Use ledger sets to combine transaction data and adjustment data.

E. Perform all day-to day-transactions and adjustments in the New Delhi ledger.

F. Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.

Correct Answer: ABCDSection: Volume CExplanation

Explanation/Reference:

QUESTION 128In the context of adding, deleting, and disabling secondary ledgers, select two valid statements. (Choose two.)

A. The subledger accounting method must be assigned if defining a balance- or journal-level subledger.

B. The subledger accounting method must be assigned only to the secondary ledger in case of defining a subledger journals-level secondary ledger.

C. The subledger accounting method must not be assigned if defining an adjustments-only secondary ledger for manual adjustments in General Ledger.

D. The subledger accounting method need not be assigned to the primary ledger for assigning a subledger accounting method to the adjustments-only secondaryledger.

E. The subledger accounting method must be assigned to both primary and secondary ledgers to use the adjustments-only secondary ledger for both manual andautomated adjustments from subledger accounting.

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Correct Answer: CESection: Volume CExplanation

Explanation/Reference:

QUESTION 129Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.

1. suspense account - suspense posting 2. reserve for encumbrance account - exchange rate gain/loss 3. non-postable net income account - average balance processing 4. ledger currency balancing account - for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value 5. entered currency balancing account - for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segmentvalue

Identify two correct mappings of accounts. (Choose two.)

A. 1

B. 2

C. 3

D. 4

E. 5

Correct Answer: ACSection: Volume CExplanation

Explanation/Reference:

QUESTION 130To achieve the maximum summary account functionality for total (T), how must the value sets for each segment of the accounting key flexfield be set?

A. Precision must be set to one.

B. The list type must be set to long list of values.

C. The maximum size of each segment of the accounting key flexfield must be five characters.

D. The format type must be set to character, and the additional option of numbers only must not be selected.

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Correct Answer: DSection: Volume CExplanation

Explanation/Reference:

QUESTION 131You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template. Thetemplate has been designed as follows:

D-Region-D The first segment is company, which has ten values. The second segment is division, which is represented by the rollup group region. It has six parent values. The last segment is account, which has 500 values.

How many summary accounts would be generated by the template?

A. 60

B. 500

C. 3,000

D. 5,000

E. 30,000

Correct Answer: ESection: Volume CExplanation

Explanation/Reference:

QUESTION 132You have the following information:

The Accounting flexfield structure is "company, department, product, account." Product has two rollup groups: domestic and international. Department has onerollup group: manufacturing. All accounting flexfield segment values can use alphanumeric characters.

Which summary account template would Oracle General Ledger fail to create? (D: Detail)(T: Total)

A. T-T-T-T

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B. T-D-D-D

C. D-D-D-D

D. D-T-domestic-D

E. D-manufacturing-D-T

F. T-manufacturing-international-D

Correct Answer: CSection: Volume CExplanation

Explanation/Reference:

QUESTION 133A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has foursegments:

company (5 values) cost centers (30 values) region (4 values) account (180 values)

The total number of cash accounts is five that are associated with two parents:

Three accounts are associated with the parent called Checking. Two accounts are identified with the parent called Savings. To combine the cash parents, you create a rollup group named Cash.

Which summary account template would you create to review the cash balances by company? (D: Detail) (T: Total)

A. D-D-D-Cash

B. T-T-T-Cash

C. D-T-D-Cash

D. T-D-T-Cash

E. T-D-D-Cash

F. D-T-T-Cash

Correct Answer: FSection: Volume C

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Explanation

Explanation/Reference:

QUESTION 134When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)

A. The formula must be identified.

B. The currency must be identified.

C. The amount type must be identified.

D. A debit or credit balance type must be assigned.

Correct Answer: CDSection: Volume CExplanation

Explanation/Reference:

QUESTION 135How do you know funds are available in the budgetary control summary account template?

A. when the result is less than one, regardless of the balance type

B. when the result is greater than one, regardless of the balance type

C. when the debit balance type has a positive amount, and the credit balance type has a negative balance

D. when the debit balance type has a negative amount, and the credit balance type has a positive amount

Correct Answer: CSection: Volume CExplanation

Explanation/Reference:

QUESTION 136When structuring the summary accounts hierarchy, what fact must you take into consideration?

A. Grandparenting is not allowed (parents cannot become children).

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B. You must include every parent value that is defined in the chart of accounts to a rollup group.

C. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest detail level.

D. You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.

Correct Answer: DSection: Volume CExplanation

Explanation/Reference:

QUESTION 137What 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: ABEFGSection: Volume CExplanation

Explanation/Reference:

QUESTION 138The 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 forapproval because the Approve button is disabled in the Enter Journals form and the supervisor has not received a notification requesting the approval. What couldbe 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.

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Correct Answer: DSection: Volume CExplanation

Explanation/Reference:

QUESTION 139You 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: CDSection: Volume CExplanation

Explanation/Reference:

QUESTION 140Jack 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: BESection: Volume CExplanation

Explanation/Reference:

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QUESTION 141Which 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: ADSection: Volume CExplanation

Explanation/Reference:

QUESTION 142Scott, 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 meetcustomer 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: CSection: Volume CExplanation

Explanation/Reference:

QUESTION 143The management segment qualifier must be attached to which key flexfield segment?

A. future segment

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B. account segment

C. company segment

D. department segment

E. intercompany segment

Correct Answer: DSection: Volume CExplanation

Explanation/Reference:

QUESTION 144Sam, 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 isnot much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expensesaccount. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choosewhat 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 stationeryaccount and then tried to make the transfer.

Correct Answer: BSection: Volume CExplanation

Explanation/Reference:

QUESTION 145The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be thedefault. What would be your response?

A. If the client wants to do this, the budget status must be open.

B. If the client wants to do this, the budget status must be current.

C. The Oracle General Ledger budget functionality cannot satisfy this requirement.

D. If the client wants to do this, customization of Oracle Workflow is the only option.

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Correct Answer: BSection: Volume CExplanation

Explanation/Reference:

QUESTION 146Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval,he wants his assistant accountants to NOT be able to update this budget. What would be your response?

A. The budget status must be current.

B. Set the budget status to frozen to meet this need.

C. The Oracle General Ledger budget functionality cannot satisfy this requirement.

D. If the client wants to do this, customization of Oracle Workflow is the only option.

Correct Answer: BSection: Volume CExplanation

Explanation/Reference:

QUESTION 147Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budgetorganization after it has been defined. What would be your response?

A. You can delete the budget and the budget organization after they have been defined.

B. You cannot delete the budget or the budget organization after either has been defined.

C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.

D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.

Correct Answer: CSection: Volume CExplanation

Explanation/Reference:

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QUESTION 148Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter ofthe year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the threebudget rules that Jack must use to minimize the effort. (Choose three.)

A. Use the divide evenly rule with the 4/4/4 spread.

B. Use the divide evenly rule with the 4/5/4 spread.

C. Use the divide evenly rule with the 5/4/4 spread.

D. Use the divide evenly rule with the 4/4/5 spread.

Correct Answer: BCDSection: Volume CExplanation

Explanation/Reference:

QUESTION 149Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of theprevious year. The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule mustSam use to minimize the effort.

A. prior year budget monetary and prior year budget statistical

B. prior year actual monetary and current year budget statistical

C. prior year budget monetary and current year budget statistical

D. current year actual monetary and current year actual statistical

E. current year budget monetary and current year budget statistical

Correct Answer: ASection: Volume CExplanation

Explanation/Reference:

QUESTION 150Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)

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A. You receive goods or services from suppliers.

B. You need supplier information for entering purchase orders.

C. You must pay the supplier for the goods or services purchased.

D. You need a supplier as the criterion to search for a payment in the system.

E. You need a supplier as the criterion to search for purchase orders in the system.

Correct Answer: ABCSection: Volume CExplanation

Explanation/Reference:

QUESTION 151Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasingmodule that will integrate into Payables. (Choose three.)

A. canceling invoices

B. performing receiving

C. scheduling payments

D. creating purchase orders

E. creating purchase order detailed accounting information

Correct Answer: BDESection: Volume CExplanation

Explanation/Reference:

QUESTION 152Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite Release 12 products. Select the Oracle application

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that is NOT a Subledger Accounting module.

A. Assets

B. Payables

C. Purchasing

D. Receivables

E. General Ledger

Correct Answer: ESection: Volume CExplanation

Explanation/Reference:

QUESTION 153Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choosethree.)

A. Assets

B. Payables

C. Receivables

D. Cash Management

E. Order Management

Correct Answer: BCDSection: Volume CExplanation

Explanation/Reference:

QUESTION 154There are five major business functions that occur sequentially during the natural flow of the Payables processes. Consider this list of five steps:

1. Invoice Payment 2. Invoice Validation 3. Invoice and Payment Accounting 4. Supplier Entry

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5. Invoice Import/Entry

What is the order in which these steps must be performed?

A. 1, 2, 3, 4, 5

B. 4, 5, 2, 1, 3

C. 5, 3, 1, 2, 4

D. 3, 1, 4, 2, 5

E. 4, 2, 5, 1, 3

Correct Answer: BSection: Volume CExplanation

Explanation/Reference:

QUESTION 155There are many fields with important data displayed on the main page of the Payables Overview window. Which three fields do NOT appear in the PayablesOverview main window? (Choose three.)

A. Terms

B. Paygroup

C. Trading Partner

D. Settlement Date

E. Remit-To Bank Account Name

Correct Answer: ABESection: Volume CExplanation

Explanation/Reference:

QUESTION 156What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)

A. The invoice has no holds.

B. The invoice must be posted to General Ledger.

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C. The invoice has been transferred to General Ledger.

D. The invoice distribution has "Track as Asset" selected.

E. The distribution account is an Asset Clearing or CIP account.

Correct Answer: CDESection: Volume CExplanation

Explanation/Reference:

QUESTION 157Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

A. Tolerances are enforced.

B. The quantity billed is updated.

C. The quantity received is updated.

D. The purchase order accounting information is copied to the invoice.

Correct Answer: BDSection: Volume CExplanation

Explanation/Reference:

QUESTION 158Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)

A. standard

B. prepayment

C. debit memos

D. credit memos

Correct Answer: ADSection: Volume CExplanation

Explanation/Reference:

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QUESTION 159Identify four interface tables that are available in Oracle Payables. (Choose four.)

A. Payables Open Interface

B. Suppliers Open Interface

C. Payables PCard Interface

D. Payables Payments Interface

E. Payables PO Matching Interface

F. Payables Invoice Open Interface

Correct Answer: ABCESection: Volume CExplanation

Explanation/Reference:

QUESTION 160Identify three statements that properly describe the use of distribution sets. (Choose three.)

A. Assign a distribution set to an invoice when you enter it.

B. Use full distribution sets to create distributions with no set percentage amounts.

C. Use skeleton distribution sets to create distributions with set distribution amounts.

D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.

E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order.

Correct Answer: ADESection: Volume CExplanation

Explanation/Reference:

QUESTION 161ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoiceconversion. (Choose three.)

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A. Merge all paid invoices for a supplier.

B. Invoices related to employee expense cannot be converted.

C. Establish a cutoff date after which invoices will be entered in Payables.

D. Use Payables Open Interface to convert unpaid invoices and credit memos.

E. Develop metrics that will be used to determine whether data conversion was successful.

Correct Answer: CDESection: Volume CExplanation

Explanation/Reference:

QUESTION 162Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, andmanual payment processing. Select three payment methods that are available based on the company's requirements. (Choose three.)

A. wire

B. check

C. clearing

D. electronic funds transfer (EFT)

E. electronic data interchange (EDI)

F. extensible markup language (XML)

Correct Answer: ABCSection: Volume CExplanation

Explanation/Reference:

QUESTION 163Which statement is true about paying invoices?

A. An invoice can be paid without being validated.

B. An invoice can be paid only after the invoice accounting entries are created.

C. An invoice must be validated before you can create invoice accounting entries.

D. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.

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E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendarperiod.

Correct Answer: CSection: Volume CExplanation

Explanation/Reference:

QUESTION 164Which is the final step in processing a payment batch?

A. Cancel the payment batch.

B. Confirm the payment batch.

C. Validate the payment batch.

D. Run the create accounting process.

E. Transfer the batch to General Ledger.

Correct Answer: BSection: Volume CExplanation

Explanation/Reference:

QUESTION 165You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want tomanually record them because that would be time consuming. Choose the best solution.

A. Create electronic payment batches by using a check payment method for those multiple suppliers, and destroy those checks.

B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.

C. Create electronic payment batches by using a clearing payment method for those multiple suppliers because this payment method does not generate a file.

D. Create electronic payment batches by using an electronic payment method such as EFT for those multiple suppliers, and then do not send the resultingelectronic file to the bank.

Correct Answer: BSection: Volume DExplanation

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Explanation/Reference:

QUESTION 166Identify the default value for the term date that would extend the time to pay an invoice, if the payment term is net 30 days.

A. invoice date

B. system date

C. invoice entered date

D. goods received date

E. invoice received date

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 167Identify three Payables system setup options. (Choose three.)

A. bill-to location

B. always take discount

C. allow void and reissue

D. create interest invoice

E. application accounting definitions

Correct Answer: BCDSection: Volume DExplanation

Explanation/Reference:

QUESTION 168Identify three statements that describe Payment Terms. (Choose three.)

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A. default from the supplier site

B. cannot be specified in import tables

C. can be used for electronic payments

D. can be used to schedule payments for an invoice

E. automatically calculate due dates, discount dates, and discount amounts for each invoice

Correct Answer: ADESection: Volume DExplanation

Explanation/Reference:

QUESTION 169Identify three options available to manage cash requirements. (Choose three.)

A. Include Only Due.

B. Change Pay Groups.

C. Select Payment Terms.

D. Select additional Pay Through Days.

E. Narrow the selection of invoices in pay run.

Correct Answer: ADESection: Volume DExplanation

Explanation/Reference:

QUESTION 170Identify three features that speed up data entry. (Choose three.)

A. data loader

B. scan invoices

C. account aliases

D. customized folders

E. account distribution sets

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Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

QUESTION 171Identify three features of Payment Manager. (Choose three.)

A. updates a supplier's bank details

B. provides calculation of the interest amount

C. uses templates to select invoices to pay that meet the payment criteria

D. creates payment process request templates by specifying invoice selection criteria

E. automatically submits invoices via payment process requests to Oracle Payments for processing and payment

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

QUESTION 172Identify three statements that are true for electronic or wire payment. (Choose three.)

A. A wire payment validates the supplier's bank details.

B. More bank accounts for a supplier or supplier site can be added.

C. Supplier banks must be assigned to the supplier for electronic payment.

D. Payables does not require supplier bank account information for a wire payment.

E. Electronic payment instructs the bank to make payment to a supplier bank account.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

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QUESTION 173Which three are true about internal bank accounts? (Choose three.)

A. They are defined to disburse funds to suppliers.

B. They are defined for receiving payment from customers.

C. They are defined to disburse electronic payments from your customers.

D. They are defined for receiving electronic payments made to your suppliers.

E. Internal accounts define bank accounts for which you are the account holder.

Correct Answer: ABESection: Volume DExplanation

Explanation/Reference:

QUESTION 174Which two statements are true about defining payment documents? (Choose two.)

A. Checks and electronic payments are examples of payment documents.

B. Credit and debit memos and checks are examples of payment documents.

C. You can create only one payment document for each internal bank account.

D. You must create at least one payment document before you can use a bank account to create invoice payments.

E. Use the Payment Documents window to define payment documents for internal, customer, and supplier bank accounts.

Correct Answer: ADSection: Volume DExplanation

Explanation/Reference:

QUESTION 175Identify three statements that are true for supplier's bank details. (Choose three.)

A. Suppliers maintain their bank details.

B. Bank details are required only for manual check payments.

C. Bank accounts can be added at any time for a supplier or supplier site.

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D. Payables uses bank account information to generate an electronic payment for a supplier.

E. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

QUESTION 176Identify three statements that are true for entering bank and branch details. (Choose three.)

A. Each bank must have at least one bank branch.

B. The bank account number is free-formatted information.

C. Banks and bank branches are created for Cash Management.

D. Bank accounts cannot be shared between bank and bank branches.

E. Each bank can have multiple branches and each branch can have multiple accounts.

Correct Answer: ABESection: Volume DExplanation

Explanation/Reference:

QUESTION 177Identify three statements that are true about bank and supplier payment. (Choose three.)

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A. Primary bank account can be only at the supplier site.

B. Credit and debit memos are examples of payment documents.

C. Supplier's payment requires a bank account with at least one payment document.

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D. Use the Banking Details page to create bank accounts for making payments to suppliers.

E. If bank accounts for a supplier site are entered, Payables defaults the supplier's active bank accounts.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

QUESTION 178Identify three statements that are true about bank account information. (Choose three.)

A. Bank accounts are used to calculate the supplier's discount.

B. Disbursement bank accounts cannot be used for payment.

C. Payables, Receivables, and/or Treasury uses bank accounts.

D. Payables uses an internal bank account to disburse funds to suppliers.

E. Receivables uses a bank account to receive payments from customers.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

QUESTION 179To transmit an electronic payment instruction manually, perform these four steps.

1. In the Payments Manager, select the Payment Instruction tab. 2. In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button. 3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: <number> page is displayed. 4. From the Actions drop-down list, select Transmit and click the Go button. Arrange the steps in the proper sequence they would be performed.

A. 1, 3, 2, 4

B. 1, 2, 3, 4

C. 1, 3, 4, 2

D. 2, 3, 4, 1

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Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 180Identify four options for Quick Payments. (Choose four.)

A. Create a check, save it, and print it later.

B. Select an invoice that has not been validated.

C. Select an invoice that has one or more holds.

D. Create a quick payment, and select an invoice regardless of the due date.

E. Create a quick payment, and select an invoice regardless of the payments terms.

F. Create and print a computer-generated payment to pay a supplier for one or more invoices.

Correct Answer: ADEFSection: Volume DExplanation

Explanation/Reference:

QUESTION 181Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoice over multiple dates. Identify the one invoice field that isNOT used on the Scheduled Payments tabbed page.

A. due date

B. bank account

C. gross amount

D. trading partner

E. payment method

F. system hold reason

Correct Answer: DSection: Volume DExplanation

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Explanation/Reference:

QUESTION 182Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing. All statements in the listbelow represent steps to create a payment process request template. Which one is the first step?

A. Specify payment attributes.

B. Specify template header information.

C. Specify the degree of pay run automation.

D. Specify invoice payment selection criteria.

E. Specify how the system handles validation failure on the document and payment levels.

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 183R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?

A. start

B. stop

C. save

D. submit

E. search

F. subtab

Correct Answer: FSection: Volume DExplanation

Explanation/Reference:

QUESTION 184

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In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run?

1. Review unselected invoices. 2. Change the invoice amount or the discount taken. 3. Add selected invoices to the payment process request. 4. Remove selected invoices from the payment process request. 5. Recalculate interest, payment withholding, or exchange rates.

A. All actions 1-5.

B. 1, 3 and 4 only.

C. 1, 2 and 5 only.

D. 1, 2, 3 and 4 only.

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 185To review All of Todays selected invoices from the payment process request in the Payment Manager, perform these actions:

1. Navigate to the Payment Process Request component. 2. Navigate to the (B) Views window. 3. Select All of Todays from the drop-down list. 4. Click the Go button. 5. The payment process request for today is displayed.

Select the actions, arranged in their proper sequence.

A. 2, 3, 4, 5

B. 5, 2, 3, 4

C. 1, 2, 3, 4, 5

D. 5, 2, 3, 4, 5

Correct Answer: CSection: Volume DExplanation

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Explanation/Reference:

QUESTION 186Which four selection criteria can be used when creating a pay run? (Choose four.)

A. supplier

B. due date

C. customer

D. pay group

E. invoice batch

F. payment priority

Correct Answer: ADEFSection: Volume DExplanation

Explanation/Reference:

QUESTION 187The Quick Payment method is best described as the method of _____.

A. creating a payment without an invoice

B. manually writing a check outside of Payables

C. recording a payment made outside of Payables

D. creating and printing a computer-generated payment to pay a supplier for one or more invoices

Correct Answer: DSection: Volume DExplanation

Explanation/Reference:

QUESTION 188You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you useto create the payment? (Choose two.)

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A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.

B. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.

C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and create a quick payment.

D. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.

Correct Answer: ACSection: Volume DExplanation

Explanation/Reference:

QUESTION 189Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)

A. You can select only those invoices that are due.

B. If you want to pay multiple invoices, none can be a pay-alone invoice.

C. If you want to pay multiple invoices, none can be of an invoice type of prepayment.

D. You can pay only as many invoices as you defined for the remittance advice of the payment document.

E. You can select only those invoices that have the same supplier site as the payment supplier site you enter.

Correct Answer: BDESection: Volume DExplanation

Explanation/Reference:

QUESTION 190Choose the process that can be performed after a pay run has been formatted.

A. Change an invoice amount.

B. Prevent payment to a supplier.

C. Print checks from the output file.

D. Prevent payment of a particular invoice.

E. Add an invoice that Payables did not originally select.

Correct Answer: C

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Section: Volume DExplanation

Explanation/Reference:

QUESTION 191You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger. You perform these steps, inthe order shown:

1. Enter the supplier. 2. Enter the invoice. 3. Create the pay run. 4. Create payment accounting entries. 5. Validate the invoice. 6. Create invoice accounting entries. 7. Transfer the information to General Ledger.

What would be the result?

A. The invoice is not paid and no entries are created in General Ledger.

B. The invoice is paid and all accounting entries are created in General Ledger.

C. The invoice is not paid but the invoice accounting entry is created in General Ledger.

D. The invoice is paid but only the invoice accounting entry is created in General Ledger.

Correct Answer: CSection: Volume DExplanation

Explanation/Reference:

QUESTION 192Select four occasions when the Create Accounting process can be run. (Choose four.)

A. after the payment process

B. before the payment process

C. after the Invoice Validation process

D. before the Invoice Validation process

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E. before the transfer information to GL process

Correct Answer: ABCESection: Volume DExplanation

Explanation/Reference:

QUESTION 193The manual payment method is best described as the method of _____.

A. paying multiple checks in a pay run

B. paying a single check within Payables

C. manually writing a check outside of Payables

D. recording a payment made outside of Payables

Correct Answer: DSection: Volume DExplanation

Explanation/Reference:

QUESTION 194You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?

1. Review proposed payments. 2. Print payments. 3. Create payment instructions. 4. Select and build proposed payments. 5. Mark payments as complete.

A. 4, 2, 1, 5, 3

B. 4, 1, 3, 2, 5

C. 2, 4, 1, 3, 5

D. 5, 4, 1, 2, 3

Correct Answer: B

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Section: Volume DExplanation

Explanation/Reference:

QUESTION 195Identify three options for preventing prepayments. (Choose three.)

A. Release the scheduled payment.

B. Apply one or more holds to the prepayment.

C. Apply the holds as you would for any other invoice.

D. Release the holds from a prepayment just as you would for any other invoice.

Correct Answer: BCDSection: Volume DExplanation

Explanation/Reference:

QUESTION 196When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are three clearing restrictions for Cash Management.

1. Oracle Cash Management cannot clear bills payable that have a status of _____. 2. Oracle Cash Management clears bills payable only if the payment status is _____. 3. On or after the maturity date of the payment, you can update the status to _____.

Identify the one status for the second clearing restriction.

A. issued

B. negotiable

C. reconciled

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

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QUESTION 197Here is a description of a report, file, or register. Use this to review payments created for each bank account that you use during a time period you specify. Thereport lists each payment, as well as total payment amount and cleared amount of all payments. Identify the name of this standard report.

A. Positive Pay File

B. Payment Register

C. Payment Exceptions Report

D. Payment Process Request Status Report

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 198Which statement is FALSE about the Stop Payments Report?

A. Use this report to review all current stop payments.

B. Payables lists stop payments that were voided at a later time.

C. Payables does not list stop payments that were voided at a later time.

D. Payables does not list stop payments that were initiated, but then released at a later time.

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 199As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetualaccruals never clear, leaving reconciliation items on their accrual reports. Which two actions can they perform to solve the problem? (Choose two.)

A. Reverse the invoice distributions and rematch if possible.

B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receiptfrom the report.

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C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing onsubsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item fromreappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

Correct Answer: ADSection: Volume DExplanation

Explanation/Reference:

QUESTION 200At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entrieshave been posted to GL. The current Payables period has been closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices - PostedPayments equals the Accounts Payable Trial Balance (last day of current period). However, the balance in the AP liability account in GL for the current period does not equal the Accounts Payable Trial Balance (last day of the current period).What is the possible reason?

A. Inventory has not closed for the current period.

B. Purchasing has not closed for the current period.

C. Period-end accrual journals have been reversed in GL.

D. Manual journals have been posted to the AP liability account in the current period in GL.

Correct Answer: DSection: Volume DExplanation

Explanation/Reference:

QUESTION 201In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

A. processing a receipt

B. entering a purchase order

C. running the period-end accrual program

D. entering invoices and matching them in Payables

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Correct Answer: ADSection: Volume DExplanation

Explanation/Reference:

QUESTION 202In the accrual process for period-end accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.)

A. processing a receipt

B. entering a purchase order

C. running the period-end accrual program

D. entering invoices and matching them in Payables

Correct Answer: CDSection: Volume DExplanation

Explanation/Reference:

QUESTION 203Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?

A. System Options

B. Financial Options

C. Payables Options

D. Purchasing Options

E. Payables System Setup Options

Correct Answer: DSection: Volume DExplanation

Explanation/Reference:

QUESTION 204

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Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts.(Choose three.)

A. AP liability account

B. accrual charge account

C. receiving accrual account

D. accrued Payables account

E. receiving inventory account

F. expense AP accrual account

G. inventory AP accrual account

Correct Answer: AFGSection: Volume DExplanation

Explanation/Reference:

QUESTION 205Identify two implementation considerations that impact Payables during the closing process. (Choose two.)

A. Determine how often you will run the Transfer Journal Entries to GL process.

B. Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.

C. Choose the detail option to transfer details to General Ledger during the Create Accounting process.

D. Review the scheduling of the Create Accounting process to ensure that this is processed before processing pay runs.

E. Review the scheduling of the Mass Additions Create process to ensure that this is processed before the Create Accounting process.

Correct Answer: ABSection: Volume DExplanation

Explanation/Reference:

QUESTION 206At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for APhave run and the Payables journals (purchase invoices and payments) have been created and posted in GL. Which statement is true?

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A. It is not possible to drill down from GL to Payables.

B. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.

C. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals of category payments.

D. Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from journals of category purchase invoices.

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 207Where does the expense AP accrual account used in the Period End Accrual process default from?

A. Financial Options

B. Payables Options

C. Receiving Options

D. Purchasing Options

Correct Answer: DSection: Volume DExplanation

Explanation/Reference:

QUESTION 208Identify three prerequisites for the Payables period-close process. (Choose three.)

A. resolving holds

B. reconciling bank statements

C. updating matured bills payable

D. completing all receipt processing

E. confirming or canceling all pay runs

F. making adjustments to supplier invoices interfaced to Projects

Correct Answer: ACD

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Section: Volume DExplanation

Explanation/Reference:

QUESTION 209Your client, Company A, has these requirements:

1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week. 2. Payables journal entries have to be transferred to GL at least once per month for reporting purposes. 3. Oracle Projects balances must be updated once every month. 4. Payment batches must be processed daily.

On the basis of the above requirements, what would be the minimum recommended frequency of running the Transfer to GL program?

A. daily

B. weekly

C. monthly

D. once every two weeks

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 210Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?

A. Invoice Register

B. Create Accounting

C. Invoice Audit Listing

D. Payables Posted Payment Register

Correct Answer: BSection: Volume DExplanation

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Explanation/Reference:

QUESTION 211To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup options for manual tax lines. (Choose three.)

A. Regime

B. Event Class

C. Regime, Tax

D. Configuration Owner

E. Tax - Controls and Defaults

F. Regime, Tax, Tax Jurisdiction

Correct Answer: BDESection: Volume DExplanation

Explanation/Reference:

QUESTION 212To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these options at the Event Class, Configuration Owner, or Taxlevel. Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common capability is found?

A. Allow Tax Recovery

B. Allow Withholding Tax

C. Allow Manual Tax Only Lines

D. Allow Entry of Manual Tax Lines

E. Allow Override for Calculated Tax Lines

F. Allow Recalculation for Manual Tax Lines

Correct Answer: ESection: Volume DExplanation

Explanation/Reference:

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QUESTION 213You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxable distributions. You must also adjust _____.

A. the number of invoice lines

B. the total header invoice amount

C. the amount of another distribution

D. the self assessed taxes in the Tax Details window

Correct Answer: CSection: Volume DExplanation

Explanation/Reference:

QUESTION 214Select the income tax report that is NOT available in the Payables module.

A. Withholding Tax by Invoice

B. Withholding Tax by Supplier

C. Withholding Tax by Payment

D. Withholding Tax by Supplier Site

Correct Answer: DSection: Volume DExplanation

Explanation/Reference:

QUESTION 215Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by Invoice Report.

A. At Payment Time

B. Allow Force Approval

C. Allow Online Validation

D. At Invoice Validation Time

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Correct Answer: DSection: Volume DExplanation

Explanation/Reference:

QUESTION 216Tax Content Services store and maintain the master and reference data that are needed to support the other components in E-Business Tax. You use the E-Business Tax application to model details about the tax setup for all your company tax requirements. Identify the two that are NOT a subcomponent of Tax ContentServices. (Choose two.)

A. tax jurisdictions

B. tax condition sets

C. basic tax configuration

D. determining factor sets

E. country default controls

F. exemptions and exceptions

Correct Answer: BDSection: Volume DExplanation

Explanation/Reference:

QUESTION 217Identify three E-Business Tax setup options. (Choose three.)

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A. set up supplier

B. set up tax regimes

C. set up tax recovery rates

D. set up taxes and tax rates

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E. set up currency exchange

Correct Answer: BCDSection: Volume DExplanation

Explanation/Reference:

QUESTION 218Identify three statements that are true about E-Business Tax and Payables. (Choose three.)

A. In E-Business Tax, tax calculations are based on supplier's site defaults.

B. In E-Business Tax, there is one repository with detailed and fully allocated tax lines.

C. Payables is not integrated with E-Business Tax to provide tax services for invoices.

D. With E-Business Tax, you can account for recoverable taxes at the time and to the extent of payment in Payables.

E. Payables integrates with E-Business Tax to automatically determine and calculate the applicable tax lines for the invoices.

Correct Answer: BDESection: Volume DExplanation

Explanation/Reference:

QUESTION 219Identify three statements that are true for E-Business Tax. (Choose three.)

A. E-Business Tax transactions are strictly controlled and cannot be changed.

B. E-Business Tax provides seeded tax registration types for local organizations.

C. E-Business Tax provides a single point solution for managing your transaction-based tax requirements.

D. E-Business Tax provides a common model for setting up tax data for tax determination and tax calculation.

E. E-Business Tax uniformly delivers tax services to all E-Business Suite business flows through one application interface.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

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QUESTION 220Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculatedand managed by Payables? (Choose two.)

A. excise

B. property

C. customs duty

D. vehicle license

E. recoverable tax

Correct Answer: BDSection: Volume DExplanation

Explanation/Reference:

QUESTION 221When you validate an invoice in Payables, E-Business Tax automatically performs four tasks. (Choose four.)

A. creates distributions

B. recalculates tax lines

C. allocates tax amounts

D. places tax-related holds on the invoice

E. updates imported invoices into Payables

Correct Answer: ABCDSection: Volume DExplanation

Explanation/Reference:

QUESTION 222To manually enter tax details for an item, freight, miscellaneous, or prepayment lines, you must complete seven fields. Name three. (Choose three.)

A. industry

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B. tax amount

C. tax regime

D. commodity

E. supplier site

Correct Answer: BCESection: Volume DExplanation

Explanation/Reference:

QUESTION 223To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate and enable "Set as Offset Tax"?

A. taxes

B. tax rules

C. tax rates

D. tax statuses

E. tax regimes

Correct Answer: ASection: Volume DExplanation

Explanation/Reference:

QUESTION 224E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implement accrual-based accounting recoverable tax, four setupsare needed. (Choose four.)

A. Enable "Set as offset tax."

B. Enable "Allow tax recovery."

C. Set the default recovery settlement option to "Deferred."

D. Define tax accounts, tax expense, recoverable tax, and interim tax.

E. Enable the default recovery settlement options at the regime, tax, tax status, or tax rate levels.

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Correct Answer: BCDESection: Volume DExplanation

Explanation/Reference:

QUESTION 225Self-assessed tax amounts are taxes that you are liable for, but do not appear on the invoice, such as use tax. To use self -assessed taxes, enable the Set for SelfAssessment/Reverse Charge option when you define the _____ in the Party Tax Profile.

A. set allow tax recovery

B. tax registration information

C. recoverable tax information

D. set allow manual tax only lines

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 226Identify three statements that are true about the withholding tax process. (Choose three.)

A. Tax is automatically calculated at any calculation level.

B. The withholding tax process is a part of Cash Management.

C. Payables automatically generates withholding tax invoices to pay tax authorities.

D. Payables calculates withholding taxes on invoices during the invoice validation process or during the payment calculation.

E. If the withholding tax is calculated during the invoice validation process, the taxable amount withheld is the gross amount.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

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QUESTION 227Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)

A. Withholding tax is an account distribution process.

B. The withholding tax option can be overwritten at the invoice level.

C. If a supplier does not allow withholding tax, you cannot allow withholding tax for any of the supplier's sites.

D. Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice distribution.

E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

QUESTION 228Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholdingtax calculations. (Choose three.)

A. invoice amount $500, withholding tax $100 (20% of $500)

B. invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)

C. invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)

D. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - $250)

E. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100)

Correct Answer: ADESection: Volume DExplanation

Explanation/Reference:

QUESTION 229Identify three statements that are true for creating the withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

A. The Withholding Tax Report is prepared by suppliers.

B. The Withholding Tax Group defaults in from the supplier or supplier site.

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C. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.

D. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.

E. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.

Correct Answer: BCDSection: Volume DExplanation

Explanation/Reference:

QUESTION 230Identify three statements that are true for the automatic withholding tax process. (Choose three.)

A. Withholding tax type distributions are negative amounts.

B. The Withholding tax group can be assigned only to an invoice distribution.

C. Using automatic withholding tax, Payables creates the correct withholding tax distributions.

D. Withholding tax distributions are automatically created during invoice validation or during payment processing.

E. If an invoice with an associated withholding tax invoice is canceled, Payables automatically creates an invoice for the tax authority supplier to offset the amountof the withholding tax invoice.

Correct Answer: CDESection: Volume DExplanation

Explanation/Reference:

QUESTION 231Identify three statements that are true about processing automatic withholding tax invoices and payments. (Choose three.)

A. Withholding distributions for a paid invoice can be reversed.

B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.

C. Payables uses the supplier number as an invoice number for the tax authority's invoice.

D. Withholding tax distributions are automatically created during invoice validation or payment processing.

E. Payables automatically creates a withholding type distribution when a withholding tax group is entered in the Invoices window.

Correct Answer: BDE

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Section: Volume DExplanation

Explanation/Reference:

QUESTION 232Identify three purposes for which transaction types can be used. (Choose three.)

A. To record how cash can be applied to transactions

B. To set whether AutoInvoice validates transactions using IDs or values

C. To set whether transactions affect the Accounts Receivable (AR) customer balances

D. To record the accounting flexfield value that would be used for the cash account for transactions

E. To record the accounting flexfield value that would be used for the receivable account for transactions

F. To set transaction numbers to be either assigned automatically or entered manually for transactions

Correct Answer: ACESection: Volume DExplanation

Explanation/Reference:

QUESTION 233John is reviewing the clients draft training documents about the Order to Cash life cycle business processes. Identify four steps that are included in the Order-to-Cash life cycle. (Choose four.)

A. Launching pick release

B. Performing credit check

C. Reconciling bank statements

D. Running AutoInvoice to Receivables

E. Generating the move order manually

Correct Answer: ABCDSection: Volume DExplanation

Explanation/Reference:

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QUESTION 234A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify the customer or invoice. Which is the correct method ofentering the receipt in Oracle Accounts Receivable?

A. Enter the receipt as an unapplied receipt.

B. Enter the receipt as an unidentified receipt.

C. Enter the receipt as an on-account receipt.

D. Enter the receipt as a miscellaneous receipt.

E. Enter the receipt by applying it to a dummy customer account.

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 235Identify two statements that apply to Oracle Collections. (Choose two.)

A. It is a Web-based self-service application.

B. It can be used to place an invoice in dispute.

C. It enables customers to see their own Oracle Receivables account information, such as balances.

D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.

Correct Answer: BDSection: Volume DExplanation

Explanation/Reference:

QUESTION 236The end users at Lucy Ltd. noticed several AutoInvoice exceptions and requested your help in correcting them. Which window allows you to edit data?

A. Line Errors window

B. Interface Lines window

C. Interface Exceptions window

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D. Interface Corrections window

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 237The client entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now the miscellaneous receipt needs to be reversed. Which method wouldyou advise the client to use?

A. Carry out a standard reversal of the miscellaneous receipt.

B. Carry out a debit memo reversal of the miscellaneous receipt.

C. Create a receivable activity adjustment for the reversal of the miscellaneous receipt.

D. Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.

E. Create a journal entry in General Ledger to reverse the accounting impact created by the posting of the miscellaneous receipt.

Correct Answer: ASection: Volume DExplanation

Explanation/Reference:

QUESTION 238The head office of ABCCorporation is at New York, and it has a branch in Tokyo. Their ledgers have the same chart of accounts and calendar. The New Yorkledger uses USD, whereas the Tokyo ledger uses JPY as the functional currency. ABC Corporation has a requirement that all its branch transactions-subledgerjournals, General Ledger journal entries, and balances at Tokyo will have to be routinely reported in USD to New York. As an implementation consultant, whichreporting currency conversion would you suggest for ABC Corporation?

A. Balance-level reporting currency only

B. Subledger-level reporting currency only

C. Both journal-level and balance-level reporting currency

D. Both subledger-level and balance-level reporting currency

Correct Answer: BSection: Volume D

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Explanation

Explanation/Reference:

QUESTION 239The following template has been created:D_Region_AssetHere, D represents the company segment; the value set is called company.Region represents the division segment; the value set is called division.Asset represents the natural account segment; the value set is called account.You receive this error:

APP-08820: The rollup group 'Asset' is not defined in the value set: <'Account'>.

What is the problem?

A. The natural account segment can have only a T designation.

B. The asset rollup group has not been assigned to a parent value.

C. The asset rollup group has been assigned to a parent with no child values.

D. The asset rollup group should have been aligned with the division segment.

Correct Answer: BSection: Volume DExplanation

Explanation/Reference:

QUESTION 240Which statement best describes stages in the credit review process?

A. Initiating a credit review, data collection, data analysis, making and implementing the recommendations

B. Defining a profile class, assigning it to customers, setting up the scoring model, and starting the workflow background process

C. Manually reviewing customers' past billing and payment history, initiating discussions with customers, and implementing recommendations

D. Manually initiating a review by sending out mails to customers requesting information, reviewing and making recommendations, and implementingrecommendations after approval

Correct Answer: ASection: Volume E

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Explanation

Explanation/Reference:

QUESTION 241Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.

A. Adjustment

B. Earned discount

C. Unearned discount

D. Miscellaneous cash

Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 242ABC Company's requirement is that all mass allocation journals must be approved by using the journal approval process. When the company accountant enters hisor her mass allocation journals, these journals must be routed to his or her manager for approval, then to the CFO, and finally to the CEO for review and finalapproval. Select the option that would help ABC Company meet this requirement.

A. Go to peers

B. One stop go direct

C. Go up the management chain

D. Go direct to the person with sufficient authorization limit

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

QUESTION 243The tables for the Customer Master are owned by _____.

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A. Oracle Receivables

B. Oracle Order Management

C. Oracle Trading Community Architecture

D. Oracle Customer Relationship Management

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

QUESTION 244AutoCash rules apply to _____ receipts.

A. Manual

B. Automatic

C. Quickcash

D. Credit card

E. Direct debit

F. Prepayment

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

QUESTION 245Identify two correct statements regarding a primary ledger. (Choose two.)

A. Defining a primary ledger is not mandatory.

B. A primary ledger is the main record-keeping ledger.

C. Multiple legal entities can be linked to one primary ledger.

D. Multiple primary ledgers can be linked to one secondary ledger.

E. Multiple primary ledgers are required for one accounting setup always.

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Correct Answer: BCSection: Volume EExplanation

Explanation/Reference:

QUESTION 246An easy methodology to clarify how to define rollup groups for the summary account is to _____.

A. Look at industry standards

B. Review detailed financial reports

C. Sketch the summarization levels

D. Discuss it with all levels of management within the organization

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

QUESTION 247Which profile option must be enabled to allow you to change the tax code on the transaction line in Receivables?

A. eBtax: Allow Manual Tax Lines

B. eBtax: Inventory item for Freight

C. eBtax: Allow Ad Hoc Tax Changes

D. eBtax: Allow Override of Customer Exemptions

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

QUESTION 248

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You are defining FSG reports to be used by different users for your customer. One of the customer requirements is that some users must be able to modify thereport definition, some users must be able to only view the report definition, and other users can modify, view, and submit the report. Which solution must beimplemented to meet the customer requirement?

A. Define a separate data set for each FSG user and grant them privileges accordingly.

B. Define a separate ledger set for each FSG user and grant them privileges accordingly.

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

D. Define definition access sets and specify what actions can be performed for a user or group of users.

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

Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 249AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window.Identify the correct sequential combination of steps that are executed while running the AutoLockbox concurrent process in Oracle Receivables.

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A. Enter receipts, validate data, apply QuickCash

B. Import bank file, validate data, post QuickCash

C. Import bank file, enter receipts, validate QuickCash

D. Enter receipts, import bank file, validate data, post quickcash

E. Enter receipts, import bank file, validate data, post QuickCash, apply receipts

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

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QUESTION 250Sam, 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 isnot much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expensesaccount. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choosewhat 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 stationeryaccount and then tried to make the transfer.

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 251Identify a correct statement about profile classes.

A. Credit checking is managed in Receivables and Credit Management.

B. Late charge type includes adjustment, debit memo, and interest invoice.

C. Profile classes can be assigned to party, customer account, and account site levels.

D. Profile classes can be assigned at the site level if the site has active bill-to and ship-to address purposes.

E. Profile classes include credit check, credit collector, payment term, statement cycle, and statement-to address.

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 252Your client has requirements to enter customers, suppliers, and remit-to addresses in country specific formats for the United States, United Kingdom, and Ireland.Which are the three steps required to set up new flexible address formats in Oracle Applications? (Choose three.)

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A. Creating address style lookup

B. Creating flexible address code

C. Setting up the "Default Address" profile option

D. Assigning address style to a specific country

E. Setting up flexible address format in a descriptive flexfield

Correct Answer: ADESection: Volume EExplanation

Explanation/Reference:

QUESTION 253You can define a credit hierarchy of parties and party relationships to consolidate and display all credit data for the entire hierarchy in Credit Management. Whichprofile option should be set to enable this functionality?

A. HZ: Allow Hierarchy Copy

B. AR: Credit Hierarchy Type

C. OSC: Reporting Hierarchy

D. HR: BIS Reporting Hierarchy

E. Exchange Protocol: Allow Hierarchy

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 254All remittance bank details are created and maintained in _____.

A. Oracle Payables

B. Oracle Purchasing

C. Oracle Receivables

D. Oracle Cash Management

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E. Oracle Trade Management

F. Oracle Lease Management

Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 255Identify the three applications that create invoices into Oracle Receivables. (Choose three.)

A. Oracle Loans

B. Oracle Projects

C. Oracle Shipping

D. Oracle Cash Management

E. Oracle Lease Management

Correct Answer: ABESection: Volume EExplanation

Explanation/Reference:

QUESTION 256Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank with authorization to debit a customers checking account foreither the full amount due or the minimum balance, depending on the option selected by the customer at the time of enrolling for the direct debit. Which is the mostappropriate receipts solution in Oracle Receivables to directly address this business need of your client?

A. Implement bills of exchange.

B. Implement automatic receipts.

C. Implement credit card receipts.

D. Implement QuickCash receipts.

E. Implement AutoLockbox receipts

Correct Answer: BSection: Volume E

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Explanation

Explanation/Reference:

QUESTION 257Identify three tables that can be used to import billing data into Oracle Receivables. (Choose three.)

A. RA_INTERFACE_LINES_ALL

B. RA_INTERFACE_SALES_ALL

C. RA_INTERFACE_HEADERS_ALL

D. RA_INTERFACE_SALESCREDITS_ALL

E. RA_INTERFACE_DISTRIBUTIONS_ALL

Correct Answer: ADESection: Volume EExplanation

Explanation/Reference:

QUESTION 258Select three statuses of the consolidation workbench. (Choose three.)

A. Posted

B. Entered

C. Exported

D. Reversed

E. Transferred

Correct Answer: ADESection: Volume EExplanation

Explanation/Reference:

QUESTION 259Your client has sales tax requirements that involve two types of sales tax. The first sales tax applies to all customers. The second sales tax is based on where the

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company ships the goods. All goods are taxable; however some customers who resell the goods are exempted from the second sales tax. Choose three applicableoptions to set up sales tax for your client. (Choose three.)

A. Tax classification code for exempt tax

B. Item exemptions for both sales taxes

C. Customer exemptions for the first sales tax

D. Customer tax exemptions for the second sales tax

E. Tax group for the combination of the two tax classification codes

Correct Answer: ADESection: Volume EExplanation

Explanation/Reference:

QUESTION 260Which table stores information about contingencies that impact revenue recognition for imported transactions?

A. RA_INTERFACE_LINES_ALL

B. AR_INTERFACE_CONTS_ALL

C. RA_INTERFACE_ERRORS_ALL

D. RA_INTERFACE_SALESCREDITS_ALL

E. RA_INTERFACE_DISTRIBUTIONS_ALL

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 261Several fields are required during manual invoice entry. Which are the fields required at the header level?

A. Date, customer, source, type, GL date, legal entity

B. Date, legal entity, bill-to, source, type, class, remit-to

C. Terms, date, bill-to, source, legal entity, type, remit-to

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D. Date, customer, source, type, General Ledger (GL) date, class

E. Date, source, class, type, GL date, legal entity, bill-to, terms, remit-to

Correct Answer: ESection: Volume EExplanation

Explanation/Reference:

QUESTION 262Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day ofeach month. However, some tenants are required to make the monthly rent payments in two installments, that is on the15th and the last day of the month. Whichtwo statements are correct about the possible solutions for this business requirement? (Choose two.)

A. Payment term can be set to defer the monthly rent revenue.

B. Invoicing rules can be set to defer the monthly rent revenue.

C. Accounting rules can be set to defer the monthly rent revenue.

D. Payment term can be set to allow customers to make payments in two installments.

E. Invoicing rules can be set to allow customers to make payments in two installments.

F. Accounting rules can be set to allow customers to make payments in two installments.

Correct Answer: CDSection: Volume EExplanation

Explanation/Reference:

QUESTION 263Which three data elements default from transaction type in Oracle Receivables? (Choose three.)

A. Legal entity

B. Accounting

C. Sales person

D. Transaction numbering

E. Payment terms (if not set at the customer level)

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Correct Answer: ABESection: Volume EExplanation

Explanation/Reference:

QUESTION 264To define the primary ledger, which account is always required?

A. Suspense account

B. Retained earnings account

C. Realized profit/loss account

D. Unrealized profit/loss account

E. Reserve for encumbrance account

F. Entered currency balancing account

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 265Your functional end users are perplexed by the contents of the AutoInvoice Execution report.They needed expert guidance and came to you. You look at the report and see that the InterfaceLines section of the report shows the following:Selected: 9Successfully Processed: 8Failed Validation: 0What is the likely reason for this?

A. An adjustment update of an old invoice is included in this batch.

B. The General Ledger (GL) code combination ID failed the cross validation rules.

C. A debit memo for an invoice and the invoice itself are submitted in the same batch and the debit memo is selected first.

D. A credit memo for an invoice and the invoice itself are submitted in the same batch and the credit memo is selected first.

E. The GL code combination segment value for the cost center was valid in the prior calendar month but is end-dated a day earlier.

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Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 266Jack is implementing Oracle General Ledger for ABC Corporation. The management wants the definition of data access set with full ledger access set type for itsfour ledgers/ledger sets as shown here:

Balancing Segment Value Data Access Set TypeLedger/Ledger Set Balancing Segment Value PrivilegesABC Services All Read and WriteABC Operations 01 Read-OnlyABC Operations 20 (Parent of child values 21-29) Read and WriteABC Global Industries Ledger Set All Read and

Write Select two correct statements in this scenario. (Choose two.)

A. Users can only view the existing data in ABC Operations for the balancing segment value 01.

B. Users have read-only access to the data in some balancing segment values in the ledger set, ABC Global Industries.

C. Users have read and write access to the data in some balancing segment values in the ledger set, ABC Global Industries.

D. Responsibilities using this data access set will have read and write access to the data in ABC Services and all its balancing segment values.

Correct Answer: ADSection: Volume EExplanation

Explanation/Reference:

QUESTION 267Identify two correct statements about Oracle Receivables. (Choose two.)

A. AutoAccounting is only used for the imported transactions.

B. Errors in the AutoInvoice are sent to the Interface Exceptions table.

C. Receivables transactions cannot be changed after they are printed.

D. Receipt accounting can be transferred after the receipts are entered and saved.

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E. Transfer to General Ledger can transfer transaction accounting entries after the transactions are entered and saved.

Correct Answer: BDSection: Volume EExplanation

Explanation/Reference:

QUESTION 268Symba Manufacturing International has a requirement to match Cost of Goods Sold (COGS) and Revenue. They have asked your help in implementation. In thiscontext, which two dependencies and interactions are true? (Choose two.)

A. Cost Management performs COGS recognition (or Cost Accounting).

B. Cost Management integrates with Oracle Receivables for invoice creation.

C. Cost Management integrates with Oracle Receivables for revenue information.

D. Cost Management provides order and return information to Oracle Receivables.

E. Cost Management notifies Oracle Receivables when an order is closed without billing.

Correct Answer: ACSection: Volume EExplanation

Explanation/Reference:

QUESTION 269For transaction-related activities such as adjustments and discounts, Receivables derives the balancing segment value from the _____ account that is associatedwith the transaction.

A. Revenue

B. Receivables

C. Unapplied cash

D. Unearned revenue

E. Unbilled receivables

F. Earned and unearned discounts

Correct Answer: BSection: Volume E

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Explanation

Explanation/Reference:

QUESTION 270Which statement is correct about the differences between the functionalities of parent accountsand 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: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 271AutoLockbox uses attributes to identify a customer for each AutoLockbox receipt. Which five attributes for AutoLockbox are used to identify the customer? (Choosefive.)

A. MICR number

B. Customer number

C. Sales order number

D. Receipt number (which is often the check number)

E. Transaction number using the auto associate option

F. Balance forward bill number using the auto associate option

Correct Answer: ABCEFSection: Volume EExplanation

Explanation/Reference:

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QUESTION 272All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

A. Updating the period

B. Posting journal entries

C. Consolidating financials

D. Reversing journal entries

E. Translating foreign balances

Correct Answer: ASection: Volume EExplanation

Explanation/Reference:

QUESTION 273Transaction numbering is set up using _____.

A. System options

B. AutoAccounting

C. Transaction types

D. Transaction sources

Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 274The organization that Receivables uses to validate items is set up using _____.

A. The AR: Items Flexfield Mode profile option

B. The AR: Allow Manual Invoice Lines profile option

C. The AR: Item Validation Organization profile option

D. Item validation organization in the OM Parameters window

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Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 275Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle General Ledger and had been eager to test it. However, she wasunable to test it in the Conference Room Pilot (CRP) instance. What would be your explanation?

A. The GL period is closed.

B. The budget status may be frozen.

C. The GL account code combination is invalid.

D. Budget journals are required at the ledger level.

E. The budget dates in the budget organization have a different date range.

Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 276You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?

A. Assign an invoicing rule with four schedules.

B. Assign an accounting rule with four schedules.

C. Assign payment terms that have four payment schedules.

D. Assign payment terms that have four discount periods defined.

E. Create four lines and assign different payment terms to each line.

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

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QUESTION 277The Receivables QuickCash functionality enables you to_____.

A. Apply receipts at invoice line level

B. Apply receipts using Mass Apply window

C. Apply receipts at invoice header level only

D. Create adjustments and chargebacks for debit items with applied receipts

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

QUESTION 278You mail your customer John Doe an invoice for $1000 for the supplies he ordered. John has the option of making his payment either by check or by credit card.John elects to use his credit card. This receipt is identified as a(n) _____ .

A. Manual receipt

B. Automatic receipt

C. Quickcash receipt

D. Autolockbox receipt

E. Miscellaneous receipt

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 279For any scoring model, you can define a set of automation rules to guide the implementation of credit decisions without user intervention. Under what situation areautomation rules preferred?

A. When credit risk defined by an enterprise's policies is high

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B. When credit risk defined by an enterprise's policies is minimal

C. When credit risk defined by an enterprise's policies is unrated

D. When credit risk defined by an enterprise's policies is moderate

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 280Which form can you use to set up automatic transaction numbering?

A. Profile Options

B. System Options

C. Transaction Types

D. Transaction Sources

Correct Answer: DSection: Volume EExplanation

Explanation/Reference:

QUESTION 281XYZ Company uses Oracle General Ledger. They have a practice of loading data from the legacy systems into the GL_INTERFACE table, from where they import itinto Oracle General Ledger.They have enabled four account segments. In the Key Flexfield Segments window, you find that:

Segment 1 corresponds to the SEGMENT1 columnSegment 2 corresponds to the SEGMENT2 columnSegment 3 corresponds to the SEGMENT4 columnSegment 4 corresponds to the SEGMENT5 columnIdentify the columns of the GL_INTERFACE table with the data that must be populated.

A. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2,Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

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B. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2,Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT3

C. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3,Segment 3 in GL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

D. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3,Segment 3 in GL_INTERFACE.SEGMENT3, Segment 4 in GL_INTERFACE.SEGMENT4

Correct Answer: ASection: Volume EExplanation

Explanation/Reference:

QUESTION 282Journal source, journal category, balance type, period, and effective date are used to define the_____ criteria set.

A. AutoPost

B. Mass Allocations

C. Recurring Journals

Correct Answer: ASection: Volume EExplanation

Explanation/Reference:

QUESTION 283Identify four discount basis options available that define how Receivables calculates discounts.(Choose four.)

A. Gross amount

B. Freight amount

C. Invoice amount

D. Lines only amount

E. Lines and tax amount

F. Lines, freight, and tax amount

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Correct Answer: CDEFSection: Volume EExplanation

Explanation/Reference:

QUESTION 284You have the option to define your own accounting rules in Oracle Subledger Accounting to meet your implementation's business requirements by using ______.

A. AutoCash rule sets

B. Application rule sets

C. The accounting methods builder

D. The Revenue Accounting Management wizard

Correct Answer: CSection: Volume EExplanation

Explanation/Reference:

QUESTION 285You have Oracle Receivables and Trade Management installed to manage claims. You discover that one claim is a split claim, that is, half valid and half invalid.Identify three correct statements about split claims. (Choose three.)

A. The amount of the claim is split in Receivables.

B. Splits are never shown in Receivables, they look like one claim.

C. The originating non-invoice-related claim number would be shown in Receivables with the split number.

D. When a claim is split in Trade Management, the information is not immediately updated in Receivables.

E. Claim information is automatically updated in Receivables when one of the claims is resolved directly from Trade Management.

Correct Answer: BDESection: Volume EExplanation

Explanation/Reference:

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QUESTION 286You are implementing Oracle Receivables and Oracle Trade Management for claim investigation.You often need to create chargebacks to handle short payments and overpayments on invoices sent to your customers. You have a business need to manuallynumber the chargeback transactions in Oracle Receivables to match a chargeback case number. What is true about meeting this requirement?

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A. Chargebacks in Oracle Receivables can be manually numbered.

B. Chargebacks in Oracle Receivables always need to be automatically numbered.

C. Chargebacks in Oracle Receivables can be manually numbered if the base numbering option of manual is selected.

D. Chargebacks in Oracle Receivables need to be automatically numbered only when document sequencing option of manual is not selected.

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 287ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar, currency, subledger accounting method, and ledgerprocessing options. They have additional accounting requirements:

1. All legal entities share the same primary ledger attributes.2. None of the legal entities have special requirements to open and close accounting periods independent from the others.3. All legal entities engage in intercompany accounting.4. For month-end consolidation purposes, ABC Metal Corporation wants to keep theirconsolidation adjustments and elimination entries completely separate from the day-to-day transactions of their legal entities. Based on these requirements, selecttwo considerations that are true for the accounting setup.(Choose two.)

A. Specific balancing segment values must be assigned to each legal entity.

B. Specific balancing segment values need not be assigned to each ledger.

C. Secondary ledgers cannot be added for an additional accounting representation.

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D. Intercompany accounts must be defined to use the intercompany accounting feature.

Correct Answer: ADSection: Volume EExplanation

Explanation/Reference:

QUESTION 288Select two statements that apply to the consolidation. (Choose two.)

A. Transactions entered in any subsidiaries by using any calendar can be consolidated.

B. Data from any source can be consolidated as long as it is available on Oracle databases.

C. Only transactions entered in the functional currency of the parent ledger can be consolidated.

D. Transactions entered in any currency irrespective of the functional currency of the parent ledger can be consolidated.

E. Only transactions entered in any currency other than the functional currency of the parent ledger can be consolidated.

Correct Answer: ADSection: Volume EExplanation

Explanation/Reference:

QUESTION 289Identify three entities that can become a party in Oracle Trading Community Architecture (TCA).(Choose three.)

A. An individual customer

B. A personal relationship

C. A business organization

D. A business contact email

E. A business mailing address

F. A business contact telephone

Correct Answer: ABCSection: Volume E

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Explanation

Explanation/Reference:

QUESTION 290The customer service department identified an order that was shipped and not invoiced. Identify four potential causes for this occurring. (Choose four.)

A. AutoInvoice was not run.

B. The invoice lacks an accounting rule.

C. An AutoInvoice validation error exists.

D. Order Management workflow is stuck.

E. The order line has a back order credit hold.

Correct Answer: ACDESection: Volume EExplanation

Explanation/Reference:

QUESTION 291Organizations have unique credit policies that aid in managing their collections and establishing relationships with customers. Describe the two dimensions onwhich Oracle Credit Management is based. (Choose two.)

A. Various customer credit classifications

B. Various credit review types identified by collectors

C. Various analysis of prior billing period and receipt history of customers

D. Various analysis of customers on the basis of the aging of their outstanding balances

Correct Answer: ABSection: Volume EExplanation

Explanation/Reference:

QUESTION 292In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture

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(BPA), they must be interfaced with which Oracle Application?

A. Oracle Projects

B. Oracle Receivables

C. Oracle Service Contract

D. Oracle Order Management

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 293The board of directors of Acme Enterprises decide to float two new ompanies: Acme Construction and Acme Exports. hey want to implement Oracle GeneralLedger. They want to restrict access across these new companies. Only the Vice President (Finance) must have complete access.Identify two correct statements. (Choose two.)

A. Create one primary ledger for Acme Enterprises.

B. Create one primary ledger for Acme Enterprises, one for Acme Construction, and one for Acme Exports.

C. Create only three data access sets: one for Acme Enterprises, one for Acme Construction, and one for Acme Exports.

D. Create one data access set and provide read and write access to Acme Enterprises, and read only access to Acme Construction and Acme Exports.

E. Create four data access sets: one with read and write access for all companies and the rest with read and write access for the respective balancing segmentvalues for each company.

Correct Answer: AESection: Volume EExplanation

Explanation/Reference:

QUESTION 294ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has multiple ledgers and needs to summarize balances across ledgers.ABC Enterprise is security conscious and wants to restrict user access on ledgers. All its ledgers share the same chart of accounts and accounting calendar orperiod-type combination. Identify which functionality of Oracle General Ledger serves the need of ABC Enterprise.

A. Ledgers

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B. Ledger sets

C. Consolidation

D. Data access sets

E. Balance transfers

Correct Answer: BSection: Volume EExplanation

Explanation/Reference:

QUESTION 295A summary account template is being created to perform a flash inquiry on cash balances for a chart of accounts consisting of three segments: company,department, and account. Which combination would result in zero balance?

D = DetailT = Total

A. T-T-T

B. T-T-D

C. T-D-D

D. D-T-D

E. D-D-D

Correct Answer: ASection: Volume EExplanation

Explanation/Reference:

QUESTION 296Identify the two tasks that you can achieve by using sequential numbering. (Choose two.)

A. Enable sequential invoice numbers.

B. Enable gapless sequence numbers.

C. Sequentially number GL and subledger journal entries.

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D. If you use journal- or subledger-level reporting currencies and when sequences are defined for the source ledger (such as the primary or secondary ledger), thesequence number generated for the source ledger is automatically assigned to the reporting currency journal.

Correct Answer: BCSection: Volume EExplanation

Explanation/Reference:

QUESTION 297When you define an assignment rule in Bill Presentment Architecture, you specify one or more criteria for content item values. Select the three items contained ineach criterion. (Choose three.)

A. Value

B. Template

C. Condition

D. Attribute name

E. Primary data source

Correct Answer: ACDSection: Volume EExplanation

Explanation/Reference:

QUESTION 298Identify two AR transaction types that correspond to the GL category sales nvoice. (Choose two.)

A. Deposits

B. Guarantee

C. Adjustments

D. Chargebacks

E. On-account credit

F. Miscellaneous transactions

Correct Answer: ABSection: Volume E

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Explanation

Explanation/Reference:

QUESTION 299XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close theKuwait operations and open a new branch in Bangalore. The Kuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added.Bangalore will use a different chart of accounts from that of Dubai and will use a weekly calendar. Select two valid statements. (Choose two.)

A. There is no mapping required from the Dubai ledger to the Bangalore ledger.

B. After adding the Dubai ledger, the ledger options step must be completed.

C. Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.

D. If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.

Correct Answer: BDSection: Volume EExplanation

Explanation/Reference:

QUESTION 300Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

A. Create aliases.

B. Define a value set.

C. Define security rules.

D. Define an account structure.

E. Define valid segment values.

F. Create account combinations.

Correct Answer: BDESection: Volume FExplanation

Explanation/Reference:

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QUESTION 301There are three invoice correction methods: underinvoicing, overinvoicing, and invalid transactions. Which option lists all the correct underinvoicing choices?

A. Void, delete

B. Void, delete, re-create invoice

C. Update invoice, create a debit memo, perform an adjustment

D. Update invoice, create a credit memo, create an on-account credit memo, perform an adjustment, refund

Correct Answer: CSection: Volume FExplanation

Explanation/Reference:

QUESTION 302After creating a number of Financial Statement Generator reports, ABC Company wants a list of the definitions for one specific account. Identify the report thatwould provide this information.

A. FSG Attribute Listing

B. FSG Where Used Report

C. FSG Report Detail Listing

D. FSG Content Set Detail Listing

E. FSG Content Summary Listing

Correct Answer: BSection: Volume FExplanation

Explanation/Reference:

QUESTION 303AutoInvoice does not import Receivables invoices from the interfaces. Identify two reasons that can cause AutoInvoice to fail. (Choose two.)

A. AutoCash rule set is not defined.

B. Sold To Customer is validated by ID.

C. Default Remit-to address is not defined.

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D. Receivables adjustment activities are not defined.

E. Transaction General Ledger date is in a closed period.

Correct Answer: CESection: Volume FExplanation

Explanation/Reference:

QUESTION 304Invoice batching provides checks and balances that are not available in a single invoice. Choose two reasons why you might want to enter invoices in batches.(Choose two.)

A. You can print invoices by batch.

B. Batching provides default values for invoice fields.

C. You can post invoices to General Ledger by batch.

D. You can apply cash receipts directly to a batch of invoices.

Correct Answer: ABSection: Volume FExplanation

Explanation/Reference:

QUESTION 305After reviewing an incomplete invoice entered last week by her assistant, Jovi clicked theComplete button in the Transactions window. What are three changes this would create in Oracle Receivables? (Choose three.)

A. This invoice can now be printed.

B. A dunning letter is now sent to the customer for the invoice amount.

C. This invoice now becomes eligible to be transferred to General Ledger.

D. Payment schedules are now created based on the payment terms and invoice date.

E. The invoice is now included in the standard aging and collection process if the transaction type has open receivables set to No.

Correct Answer: ACDSection: Volume FExplanation

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Explanation/Reference:

QUESTION 306Your client wants to import paid invoices from its legacy system to Oracle Receivables. It does not want to post the paid invoices to GL or update the customerbalances. How would you import invoices in this scenario?

A. Create a transaction source and set the status to Inactive.

B. Create a transaction source with the GL Date in a Closed Period box set to Adjust.

C. Assign a transaction type with no values for the receivable and revenue accounts.

D. Assign a transaction type with the Open Receivable and Post to GL boxes deselected.

Correct Answer: DSection: Volume FExplanation

Explanation/Reference:

QUESTION 307AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP.At the end of the year, AB Company restates all its ledgers or balances to report at the headquarters in the US. What is this process called?

A. Revaluation

B. Translation

C. Conversion

D. Observation

E. Alteration

Correct Answer: BSection: Volume FExplanation

Explanation/Reference:

QUESTION 308XYZ Enterprises, a US-based export firm, has two offices in the US (East) and the US (West). They use their primary ledger for their US operations, and an

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additional ledger for management analysis and reporting. They use five segments for their accounting flexfield: company, department, account, product, and future.Select the minimum number of required flexfield qualifiers that they would be using for the accounting structure. (Choose three.)

A. Future segment

B. Product segment

C. Balancing segment

D. Cost center segment

E. Department segment

F. Management segment

G. Natural account segment

Correct Answer: CDGSection: Volume FExplanation

Explanation/Reference:

QUESTION 309During 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 consultantfor 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: ACESection: Volume FExplanation

Explanation/Reference:

QUESTION 310You reviewed all the reconciliation reports for month-end close. Identify the correct sequence of actions you would undertake to close the month.

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A. Run Applied Receipts Report, run AR Reconciliation Report, run Journal Import.

B. Run AR Reconciliation Report, run Sales Journal Report, run Create Accounting Program.

C. Run Sales Journal Report, run AR to GL Reconciliation Report, run Create Accounting Program.

D. Run Create Accounting Program, run AR Reconciliation Report, run AR to GL Reconciliation Report.

Correct Answer: DSection: Volume FExplanation

Explanation/Reference:

QUESTION 311A user attempted to close the Accounts Receivable accounting period and received an error.What could be the cause of the error?

A. AutoInvoice did not run.

B. There are lockbox interface errors.

C. Create Accounting program did not run.

D. There are existing invoice exceptions.

E. There are AutoInvoice interface errors.

F. Invoices are entered but not completed.

G. General Ledger Journal Import did not run.

Correct Answer: CSection: Volume FExplanation

Explanation/Reference:

QUESTION 312Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)

A. Risk code

B. Credit rating

C. Payment terms

D. Credit review type

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E. Credit classification

Correct Answer: DESection: Volume FExplanation

Explanation/Reference:

QUESTION 313Your client occasionally charges sales tax erroneously to some customers. The client's current process involves manually issuing a credit memo to correct thecustomer's account. Customers routinely deduct the sales tax from the invoice before paying. Identify two steps that can help simplify the clients current process.(Choose two.)

A. Set up AutoAccounting.

B. Set up adjustment approval limits.

C. Set up transaction type for tax adjustment.

D. Select the TAX: Allow Override of Tax Code profile option.

E. Define receivables activity of adjustment with tax accounting distribution.

F. Define receivables activity of miscellaneous cash with tax accounting distribution.

Correct Answer: BESection: Volume FExplanation

Explanation/Reference:

QUESTION 314Which is the correct sequence of steps in planning your summary accounts?

(1) planning the summary account structure(2) planning the parent segment values and rollup groups needed for summary accounts(3) determining summary account needs(4) planning summary account templates to generate multiple summary accounts

A. 2, 3, 1, 4

B. 3, 1, 2, 4

C. 1, 2, 3, 4

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D. 2, 1, 3, 4

Correct Answer: BSection: Volume FExplanation

Explanation/Reference:

QUESTION 315To properly associate one transaction type with another in Receivables, you have to define transaction types in a specific order. Identify the correct order.

A. Invoice, credit memo, debit memo

B. Invoice, debit memo, credit memo

C. Credit memo, invoice, debit memo

D. Credit memo, debit memo, invoice

E. Debit memo, invoice, credit memo

F. Debit memo, credit memo, invoice

Correct Answer: CSection: Volume FExplanation

Explanation/Reference:

QUESTION 316Which three statements are true about data conversion rules? (Choose three.)

A. Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.

B. Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.

C. Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.

D. For calendar conversion, the journal effective date determines the corresponding nonadjusting period in the secondary ledger.

E. The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.

Correct Answer: CDESection: Volume FExplanation

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Explanation/Reference:

QUESTION 317Your client will use the seeded credit classifications of Low Risk, Moderate Risk, and High Risk to evaluate the credit worthiness of customers. It has also createdthe following credit review types:

New Credit LimitDomestic CreditInternational CreditGuarantor of CreditLease Application Credit

How many credit checklists should the management set up in Oracle Credit Management to perform credit reviews in accordance with the organization's currentpolicies?

A. Ten

B. Five

C. One

D. Eight

E. Three

F. Fifteen

Correct Answer: FSection: Volume FExplanation

Explanation/Reference:

QUESTION 318You created an invoice with one line item of $100 and a tax of $10. This line item is credited with an applied credit memo of $50. What is the credit to the tax line?

A. $5

B. $1

C. $10

D. $20

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Correct Answer: ASection: Volume FExplanation

Explanation/Reference:

QUESTION 319After you define a credit analyst, you can modify any of the analyst's information, except _____.

A. Employee and group

B. Employee and username

C. Organization and territory

D. Cost center and employee

E. Username and organization

F. Group and group member role

Correct Answer: BSection: Volume FExplanation

Explanation/Reference:

QUESTION 320Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and ABC South. She was advised by the OracleGeneral Ledger consultant that there is no need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as to which valueswill be available for transactions and journal entries. Identify the right option in the given scenario.

A. All balancing segment values will be available to enter transactions and journal entries.

B. No balancing segment values will be available to enter transactions and journal entries.

C. ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.

D. ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.

E. ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.

Correct Answer: ASection: Volume FExplanation

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Explanation/Reference:

QUESTION 321Party Merge provides the capability to merge parties and their related entities in the Oracle Trading Community Architecture (TCA) Registry, thereby eliminatingduplicate data in the Registry. Select four entities that can be successfully merged using the Party Merge functionality. (Choose four.)

A. You can merge bill-to sites with bill-to sites.

B. You can merge bill-to sites with ship-to sites.

C. You can merge individuals with individuals.

D. You can merge individuals with organizations.

E. You can merge organizations with organizations.

Correct Answer: ACDESection: Volume FExplanation

Explanation/Reference:

QUESTION 322Which two setups are required for customer invoicing? (Choose two.)

A. Lockbox

B. Customers

C. Remit-to address

D. Customer profile classes

Correct Answer: BCSection: Volume FExplanation

Explanation/Reference:

QUESTION 323Identify two functions the Revenue Accounting Management (RAM) Wizard performs in Oracle Receivables. (Choose two.)

A. Apply receipts

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B. Resolve claims

C. Adjust sales credits

D. Execute the invoicing process

E. Manage revenue contingrncies

Correct Answer: CESection: Volume FExplanation

Explanation/Reference:

QUESTION 324Select three true statements about mapping rules. (Choose three.)

A. Up to two rollup rules are possible.

B. You can define a combination of segment values and account rules.

C. Mapping sets enable you to transfer data from multiple subsidiaries simultaneously.

D. There are only two mapping rule actions consisting of copy value from and assign value from.

E. A rollup rule indicates to General Ledger what detail level of information to transfer and how to roll that information up to the parent.

Correct Answer: BCESection: Volume FExplanation

Explanation/Reference:

QUESTION 325Your company is using Oracle Receivables and Trade Management to create and resolve claims.A non-invoice-related claim is generated in Oracle Receivables and transferred to Trade Management for investigation. The balancing segments used foraccounting on the individual transactions are:

Claim Investigation:1001Unapplied Cash: 1000Cash: 1000Receivables: 2000Receipt Write-Off: 3000

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If you are using the Account Generator to update the balancing segment values, what is the balancing segment that is derived if the claim is resolved via receiptwrite-off?

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A. 1000

B. 1001

C. 2000

D. 3000

Correct Answer: ASection: Volume FExplanation

Explanation/Reference:

QUESTION 326Identify four types of transaction flexfields. (Choose four.)

A. Key transaction flexfield

B. Line transaction flexfield

C. Link-to transaction flexfield

D. Source transaction flexfield

E. Invoice transaction flexfield

F. Reference transaction flexfield

Correct Answer: BCEFSection: Volume FExplanation

Explanation/Reference:

QUESTION 327

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The data access set with the full ledger access set type defines three ledgers/ledger sets:

Full ledger access set typeLedger/ledger set Sets privilegesVision Services read and writeVision Operations read-onlyVision Global read-only

Which statement is correct?

A. Users can only view existing data for the Vision Operations ledger.

B. Users have full read and write access to the Vision Operations ledger.

C. Responsibilities that use this data access set can only view existing data for the Vision Services ledger.

D. Responsibilities that use this data access set have full read and write access to the Vision Global ledger.

Correct Answer: ASection: Volume FExplanation

Explanation/Reference:

QUESTION 328Your customer ABC Inc., has headquarters in San Diego, CaliforniA. The billing function is performed in St. Louis, Missouri. It has a plant in Baltimore, Maryland, awarehouse in Richmond, Virginia, and an assembly line in Nashville, Tennesse. John Thomas, plant supervisor at Baltimore, orders equipment from you to beshipped to the assembly line in Nashville. Later, the assembly line in Nashville will send the equipment to the warehouse in Richmond. Identify the state sales tax toapply to this invoice.

A. Virginia

B. Missouri

C. Maryland

D. California

E. Tennessee

Correct Answer: ESection: Volume FExplanation

Explanation/Reference:

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QUESTION 329ABC Corp. has a requirement to share business documents from its Oracle E-Business Suite Release12 (EBS) instance with external business-to-business (B2B)exchange partners. Select the best method that you would recommend to meet this requirement.

A. Build a workflow process and integrate it with external B2B exchange.

B. Use notification mailer to share the documents with external B2B exchange.

C. Use Oracle Applications Framework to integrate with external B2B exchange.

D. Use the Advanced Workflow Mailer functionality in Oracle E-Business Suite Release 12.

E. Build a workflow process and use Business Event System to integrate it with an external B2B exchange partner.

Correct Answer: ESection: Volume FExplanation

Explanation/Reference:

QUESTION 330In Oracle E-Business Suite Release 12, Multiple Language Support (MLS) refers to the ability to support multiple languages in the same Oracle Applicationinstance. Which three statements concerning MLS are true? (Choose three.)

A. Oracle E-Business Suite Release 12 is available in multiple languages.

B. Oracle E-Business Suite Release 12 translates all data entered by the user.

C. UTF8 is the recommended character set for installations that support multiple languages.

D. The character set you choose during installation determines which languages the instance can support.

E. The extended multilingual support present in the Oracle E-Business Suite Release 12 data model can increase database storag requirements.

Correct Answer: CDESection: Volume FExplanation

Explanation/Reference:

QUESTION 331Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

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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: ABDSection: Volume FExplanation

Explanation/Reference:

QUESTION 332You can enter and view dates in any valid format in Oracle E-Business Suite Release 12. You can also enter and view numbers with either the period (full stop)character or comma as the decimal separator. Regardless of the various formats that can be used to enter dates and numbers, the actual values are stored in thedatabase in the _____.

A. UTF8 format

B. ASCII format

C. US7ASCII character set

D. Standard number format

E. Uniform canonical format

Correct Answer: ESection: Volume FExplanation

Explanation/Reference:

QUESTION 333Which Oracle resource would you use to log, manage, and resolve product-related issues that you encounter in Oracle E-Business Suite Release 12?

A. AppsNet

B. MetaLink

C. AppsWorld

D. Bug Database

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E. Oracle Technology Network (OTN)

Correct Answer: BSection: Volume FExplanation

Explanation/Reference:

QUESTION 334ABC Corp. wants to track and analyze call volumes in its enterprise call centers. Which Daily Business Intelligence product can help achieve this objective?

A. Sales Intelligence

B. Quoting Intelligence

C. Interaction Center Intelligence

D. Service Contracts Intelligence

Correct Answer: CSection: Volume FExplanation

Explanation/Reference:

QUESTION 335Identify three features of Key Flexfields. (Choose three.)

A. Key Flexfields are used as identifiers for entities.

B. The Key Flexfield structure comprises Segments.

C. A Key Flexfield structure consists of multiple code combinations.

D. Key Flexfields appear as a single-space field enclosed in brackets.

E. Each segment of a Key Flexfield usually contains meaningful information.

Correct Answer: ABESection: Volume FExplanation

Explanation/Reference:

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QUESTION 336Select 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: ADESection: Volume FExplanation

Explanation/Reference:

QUESTION 337Select four required attributes when defining a Ledger in Oracle E-Business Suite Release 12. (Choose four.)

A. Calendar

B. Currency

C. Legal Entity

D. Business Group

E. Chart of Accounts

F. Accounting Convention

Correct Answer: ABEFSection: Volume FExplanation

Explanation/Reference:

QUESTION 338A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How manyattributes can be set up under any new context?

A. 1

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B. 3

C. 15

D. 12

E. 11

Correct Answer: BSection: Volume FExplanation

Explanation/Reference:

QUESTION 339Company X has three Operating Units: A, B, and C. Each Operating Unit has the MO:Security Access profile option called ABC Security assigned. Operating Unit Ahas both the MO: Operating Unit profile option and the MO: Default Operating Unit profile option assigned to it. Which statement is true?

A. Paul can create transactions for the A, B, and C Operating Units.

B. All transactions created by Paul are automatically assigned to the Operating Unit A.

C. Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.

D. The profile option did not include Operating Unit B and Operating Unit C due to an error by the system administrator.

E. The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.

Correct Answer: ASection: Volume FExplanation

Explanation/Reference:

QUESTION 340A global company uses Oracle E-Business Suite Release 12 for its operations in the U.S. and Canada. The company is now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to set the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control. You set the MO: Operating Unit profile option at the _____ level.

A. Site

B. User

C. Application

D. Responsibility

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Correct Answer: DSection: Volume FExplanation

Explanation/Reference:

QUESTION 341Identify the minimum prerequisites that should be met for deleting an Oracle Alert.

A. Alert has no history and no enabled action sets.

B. Alert has no history and no outstanding responses.

C. Alert has no enabled action sets and no outstanding responses.

D. Alert has no history, no enabled action sets, and no outstanding responses.

Correct Answer: DSection: Volume FExplanation

Explanation/Reference:

QUESTION 342The APPL_TOP directory in Oracle E-Business Suite Release 12 contains _____.

A. Redoes log files

B. Database files

C. Data tablespaces

D. Index tablespaces

E. The system tablespace

F. The product directories and files for Oracle Applications

Correct Answer: FSection: Volume FExplanation

Explanation/Reference:

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QUESTION 343ABC 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 Flexfield 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: BDESection: Volume GExplanation

Explanation/Reference:

QUESTION 344What are the three characteristics of an application and Oracle ID when defining a Data Group? (Choose three.)

A. An application can be listed only once in a Data Group.

B. An Oracle ID can be paired with more than one application.

C. An application can be listed more than once in a Data Group.

D. Custom applications registered with Oracle Applications can be included in a Data Group.

E. Custom applications can be included in a Data Group and paired with an existing Oracle ID.

Correct Answer: ABDSection: Volume GExplanation

Explanation/Reference:

QUESTION 345Identify two features of a table-validated Value Set. (Choose two.)

A. A table-validated Value Set has no list of approved values associated with it.

B. Table-validated Value Sets obtain their lists of approved values from existing application tables.

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C. The values in a table-validated Value Set are stored in Oracle Application Object Library's tables.

D. In a table-validated Value Set, you need to enter each value manually using the Segment values window.

E. A table-validated Value Set enables you to use your own application tables as Value Sets for Flexfield Segments.

Correct Answer: BESection: Volume GExplanation

Explanation/Reference:

QUESTION 346Identify three features of the Workflow Engine in Oracle Workflow Architecture. (Choose three.)

A. Resides in Oracle Database

B. Interacts with Advanced Queuing

C. Resides in Oracle Application Server

D. Interacts with Business Event System

E. Implements workflow process definitions at run time

F. Implements workflow process definitions at design time

Correct Answer: ADESection: Volume GExplanation

Explanation/Reference:

QUESTION 347During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into OracleGeneral Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance. Identify the setup in the Accounting Key Flexfieldstructure 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.

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Correct Answer: ESection: Volume GExplanation

Explanation/Reference:

QUESTION 348You are the Human Resources lead for the ERP implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select threeactivities that utilize the employee record. (Choose three.)

A. Approvals

B. Asset assignment

C. Organization creation

D. Journal Entry creation

E. AutoCreate Purchase Orders

Correct Answer: ABESection: Volume GExplanation

Explanation/Reference:

QUESTION 349Which two statements are correct regarding a table-validated Value Set? (Choose two.)

A. A table-validated Value Set does not provide a predefined list of values.

B. You use a table-validated Value Set when you have a set of values that is already maintained in an application table.

C. You cannot define a table that you want to use when defining the table-validated Value Set.

D. You can use a SQL query to retrieve all the approved values from the table when defining the table-validated Value Set.

Correct Answer: BDSection: Volume GExplanation

Explanation/Reference:

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QUESTION 350Which two statements explain the role of the Desktop Tier in Oracle E-Business Suite Release 12? (Choose two.)

A. It displays the Oracle E-Business Suite Release 12 Swan user interface.

B. It manages communication between the middle tier and the database tier.

C. It is responsible for forms displayed using Java (forms-based access) or HTML JavaScript.

D. It hosts various servers and service groups that process business logic for Oracle Applications.

E. It is responsible for storing and executing most of the business logic associated with Oracle E-Business Suite Release 12.

Correct Answer: ACSection: Volume GExplanation

Explanation/Reference:

QUESTION 351Identify four components of the Fusion Business Intelligence Embedded Dashboard. (Choose four.)

A. Real-time chat link

B. Multiple currencies

C. Flexible time periods

D. Multiple data widgets

E. Web conferencing link

F. Key Performance Indicators

Correct Answer: BCDFSection: Volume GExplanation

Explanation/Reference:

QUESTION 352You are the project manager with access to the Oracle Project Management application in Oracle E-Business Suite Release 12. You have granted User X accessto your worklist. User X now logs in to Oracle E-Business Suite Release 12 and accesses his or her worklist by clicking the Workflow Notifications link. Identify threeactions User X can perform. (Choose three.)

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A. Create vacation rules for you.

B. Approve projects on your behalf.

C. Grant access to your worklist to another user.

D. View the username of the worklist owner in the worklist.

E. Access your worklist automatically without performing any action.

F. Access your worklist by clicking the "Switch User" button, and then selecting your name.

Correct Answer: BDFSection: Volume GExplanation

Explanation/Reference:

QUESTION 353Which three statements are true about Oracle Workflow and Oracle Alerts? (Choose three.)

A. Alerts can perform only one action.

B. Workflow can support complex conditional logic.

C. Alerts can be configured for any frequency of occurrence.

D. Workflows can wait for a user response during an activity.

E. Alerts can perform multiple actions in a sequence that you specify.

F. Alerts run only when a database record is either updated or created.

Correct Answer: BDESection: Volume GExplanation

Explanation/Reference:

QUESTION 354Company ABC has requested you to define a custom application to support custom forms and reports. The DBAs have created a new CUSTOM_TOP directory.Which are the three mandatory fields required to define a new custom application? (Choose three.)

A. Base path

B. Application

C. Description

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D. Short Name

E. Responsibility

Correct Answer: ABDSection: Volume GExplanation

Explanation/Reference:

QUESTION 355View the Exhibit.

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While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you areunable to proceed after entering this account combination. What could be the problem in the structure definition of the Accounting Flexfield?

A. The "Freeze Rollup Groups" check box is selected.

B. The "Allow Dynamic Inserts" check box is deselected.

C. The "Freeze Flexfield Definition" check box is selected.

D. The "Cross-Validate Segments" check box is selected.

Correct Answer: BSection: Volume G

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Explanation

Explanation/Reference:

QUESTION 356Oracle Daily Business Intelligence functions are secured using standard Oracle Applications function security. Choose three dashboards that are secured by theInventory Organization. (Choose three.)

A. Inventory Management

B. Warehouse Management

C. Procurement Management

D. Commodity Supplier Management

E. Customer Fulfillment Management

Correct Answer: ABESection: Volume GExplanation

Explanation/Reference:

QUESTION 357Identify three Fusion Business Intelligence products for Oracle E-Business Suite Release 12. (Choose three.)

A. Oracle CRM Analytics

B. Oracle Sales Analytics

C. Oracle Treasury Analytics

D. Oracle Financial Analytics

E. Oracle Commodity Analytics

F. Oracle Supply Chain Analytics

Correct Answer: BDFSection: Volume GExplanation

Explanation/Reference:

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QUESTION 358Embedded Dashboards are a feature of Oracle Fusion Business Intelligence Release 12. Select three additional features that Embedded Dashboards provide.(Choose three.)

A. Multiple currencies

B. Flexible time periods

C. Use of workflow notifications

D. Ability to export to Excel or PDF

E. Ability to create/import transactions

Correct Answer: ABDSection: Volume GExplanation

Explanation/Reference:

QUESTION 359If the user has to set Multi-Org preferences, the System Administrator has to assign _____.

A. The User Preferences function to the responsibility

B. The Multi-Org preferences menu to the responsibility

C. The User Preferences menu item to the responsibility

D. The Multi-Org preferences function to the responsibility

Correct Answer: ASection: Volume GExplanation

Explanation/Reference:

QUESTION 360Which two statements are true regarding ownership of shared entities? (Choose two.)

A. Items is owned by Oracle Purchasing, whereas Locations is owned by Oracle Receivables.

B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.

C. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.

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D. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.

E. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.

Correct Answer: BCSection: Volume GExplanation

Explanation/Reference:

QUESTION 361It is your first day at a client site to implement Oracle E-Business Suite Release 12. The client wants you to log a Service Request using MetaLink, regarding aproblem with the Invoice Workbench form in Oracle Payables. Identify the key information that is required to initiate a Service Request for this client.

A. Error Message Number

B. Brief Problem Statement

C. Customer Support Identifier

D. Oracle Payables Patch Set level

E. Version of the Invoice Workbench form

Correct Answer: CSection: Volume GExplanation

Explanation/Reference:

QUESTION 362You are involved in a project to upgrade to Oracle E-Business Suite, Release 12. You need more information about the upgrade processes and paths. Where wouldyou find the upgrade guide for Oracle E-Business Suite?

A. AppsNet

B. Bug Database

C. Technical Forums

D. MetaLink Knowledge Base

E. Oracle Technology Network

F. Customer Knowledge Exchange

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Correct Answer: DSection: Volume GExplanation

Explanation/Reference:

QUESTION 363Identify two tasks of the Application tier in Oracle E-Business Suite Release 12 Applications architecture. (Choose two.)

A. Process business logic

B. Store business logic in the database

C. Retrieve business logic from the database

D. Manage communication between desktop/client tier and database tier

Correct Answer: ADSection: Volume GExplanation

Explanation/Reference:

QUESTION 364ABC Corp. is installing Oracle E-Business Suite Release 12 Applications on two nodes: A and B. On Node A, it has installed the Form server, the Web server, andthe Administration server. On Node B, it has installed the Concurrent Processing server. By default, on which node would the Reports server be installed?

A. Node A

B. Node B

C. Neither of the nodes

D. Both Node A and Node B

Correct Answer: BSection: Volume GExplanation

Explanation/Reference:

QUESTION 365

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ABC Corp. wants to capture additional information about the Invoice Header in Oracle Payables. It wants to use multiple Descriptive Flexfield (DFF) structures andrequires the appropriate structure to default automatically based on the Vendor Type selected on the Invoice. Choose a method to implement this DFF.

A. Define a Value Set for each Vendor Type.

B. Define a DFF Context for each Vendor Type.

C. Define a DFF Segment for each Vendor Type.

D. Define a Global Segment for each Vendor Type.

E. Define a DFF Context for each Vendor Type and set the Reference field as Vendor Type.

Correct Answer: ESection: Volume GExplanation

Explanation/Reference:

QUESTION 366Which two statements are true regarding error handling in Oracle Workflow? (Choose two.)

A. Workflow Engine captures errors.

B. Workflow Manager captures errors.

C. Default error handling is provided for subscription processing.

D. Workflow Manager places errored events on the WF_ERROR queue.

E. Notification System initiates the default error process after an error is reported.

Correct Answer: ACSection: Volume GExplanation

Explanation/Reference:

QUESTION 367Profile Option Security Hierarchy levels are Application, Site, Responsibility, and User. Which two are correct about the hierarchy levels? (Choose two.)

A. User overrides Site.

B. Site overrides User.

C. Application overrides User.

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D. Responsibility overrides Site.

E. Application overrides Responsibility.

Correct Answer: ADSection: Volume GExplanation

Explanation/Reference:

QUESTION 368ABC Corporation imports invoices from Suppliers through the Oracle Payables Open Interface tables. It wants to capture the Supplier Reference number on theInvoice Descriptive Flexfield and wants to review the Reference number on the interface form before importing invoices into Oracle Payables. Identify the two DFFsthat you would implement and the Attribute you would use to capture the Supplier Reference number. (Choose two.)

A. Invoice DFF with Attribute1

B. Invoice DFF with Attribute2

C. Invoice Lines DFF with Attribute1

D. Invoice Distribution DFF with Attibute3

E. Invoice Gateway Header DFF with Attribute2

Correct Answer: BESection: Volume GExplanation

Explanation/Reference:

QUESTION 369Identify three components that you can register in Business Event System of Oracle Workflow. (Choose three.)

A. Systems

B. Processes

C. Subscriptions

D. Notification Mailer

E. Workflow Engine

F. Business Events

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Correct Answer: ACFSection: Volume GExplanation

Explanation/Reference:

QUESTION 370A company wants to secure its employee information by three regions: EMEA, AMERICAS, and APAC. This would entail the creation of three _____.

A. Legal Entities

B. Operating Units

C. Business Groups

D. HR Organizations

E. Inventory Organizations

Correct Answer: CSection: Volume GExplanation

Explanation/Reference:

QUESTION 371XYZ Corp. is in the business of manufacturing cosmetics. It obtains and pays for raw materials. Which business flow in Oracle E-Business Suite Release 12 wouldmap to the activities of obtaining and paying for raw materials?

A. Order to Cash

B. Procure to Pay

C. Forecast to Plan

D. Demand to Build

E. Contract to Renewal

Correct Answer: BSection: Volume GExplanation

Explanation/Reference:

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QUESTION 372Identify two features of an "Independent" value set. (Choose two.)

A. There is a predefined list of values for a segment.

B. The values are stored in a product applications table.

C. The values are stored in an Oracle Application Object Library table.

D. You can enter a value other than those in the predefined list of values.

Correct Answer: ACSection: Volume GExplanation

Explanation/Reference:

QUESTION 373The WF: Notification Reassign Mode profile option is set to "Transfer" for User A. User A logs in to Oracle E-Business Suite Release 12. Identify three truestatements regarding this. (Choose three.)

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A. User A will be able to delegate notifications to other users.

B. The "Transfer" button appears on the Worklist pages for User A.

C. The "Reassign" button appears on the Worklist pages for User A.

D. User A will not be able to delegate notifications to other users.

E. User A can transfer notifications by clicking the "Transfer" button on the Worklist pages.

F. User A can transfer notifications by clicking the "Reassign" button, and then selecting the "Transfer" option from the Worklist pages.

Correct Answer: BDESection: Volume GExplanation

Explanation/Reference:

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QUESTION 374Identify three features of Oracle Workflow Builder in Oracle Workflow Architecture. (Choose three.)

A. Monitors workflows

B. Resides in Oracle Application Server

C. Defines and customizes workflow definitions

D. Saves workflow process definition in a flat-file format

E. Saves workflow process definition in a graphical file format

F. Has Navigator tree and Process diagram as its components

Correct Answer: CDFSection: Volume GExplanation

Explanation/Reference:

QUESTION 375In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

A. Ledger

B. Legal Entity

C. Operating Unit

D. Balancing Entity

E. Business Group

Correct Answer: BSection: Volume GExplanation

Explanation/Reference:

QUESTION 376ABC Corp. has determined its Accounting Key Flexfield structure for the implementation of Oracle E-Business Suite Release 12. The Accounting Key Flexfieldstructure contains five Segments: Company, Business Unit, Department, Account, and Product. They have the following requirements:

1) The Department values should be based on the Business Units.

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2) They want to produce a quarterly Balance Sheet for each Company.

Which three statements are true? (Choose three.)

A. The Product Value Set is dependent on the Accounts.

B. The Business Unit Value Set is defined as Independent.

C. The Account Segment has a Value Set with no Validation.

D. The Company Segment is qualified as the Balancing Segment.

E. The Department Segment is qualified as an Intercompany Segment.

F. Cross-validation rules are required to enforce dependency of Departments on the Business Units.

Correct Answer: BDFSection: Volume GExplanation

Explanation/Reference:

QUESTION 377Identify the four end-user features of Oracle Application Object Library that provide uniformity of function across the Oracle E-Business Suite Release 12Applications. (Choose four.)

A. Custom menus

B. Standard User Interface

C. Applications Online Help

D. Shared Flexfield value sets

E. shared Graphical User Interface

F. Standard Report Submission (SRS)

Correct Answer: BCDFSection: Volume GExplanation

Explanation/Reference:

QUESTION 378You are working on an implementation of Oracle E-Business Suite Release 12 Fusion Business Intelligence. Your client has three requirements:

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1. Ability to monitor customers and the collection processes 2. Ability to perform complete procurement analysis from Requisition through Payment 3. Ability to identify the customers and transactions that are providing maximum profit

Select the three Oracle Fusion Business Intelligence products that would meet your client's requirements. (Choose three.)

A. Oracle Sales Analytics

B. Oracle Financial Analytics

C. Oracle Marketing Analytics

D. Oracle Supply Chain Analytics

E. Oracle Order Fulfillment Analytics

Correct Answer: BCDSection: Volume GExplanation

Explanation/Reference:

QUESTION 379Identify four products in the Oracle Applications Technology Layer. (Choose four.)

A. Oracle Tutor (TU)

B. Oracle Workflow (WF)

C. Oracle Applications DBA (AD)

D. Oracle Application Utilities (AU)

E. Oracle Applications Framework (FWK)

F. Oracle Daily Business Intelligence (DBI)

Correct Answer: BCDESection: Volume GExplanation

Explanation/Reference:

QUESTION 380In Oracle E-Business Suite Release 12, at which level can you exclude a function from a responsibility?

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A. Menu, submenu, or function

B. Menu and submenu, but not function

C. Menu and function, but not submenu

D. Function and submenu, but not menu

Correct Answer: ASection: Volume HExplanation

Explanation/Reference:

QUESTION 381Which 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: BCESection: Volume HExplanation

Explanation/Reference:

QUESTION 382Identify three key benefits of Oracle Workflow in Oracle E-Business Suite elease 12. (Choose three.)

A. Sends collection notices to customers

B. Provides self-service monitoring capabilities

C. Enable automatic routing of business documents

D. Delivers notifications and reminders of work to be done

E. Automatically generates asset keys using asset key generator workflow

F. Automatically creates purchase orders from self-service Web applications

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Correct Answer: BCDSection: Volume HExplanation

Explanation/Reference:

QUESTION 383Data Security Grants are used to provide users access to specific objects or functions. A grantee defines who is being granted access. The grantee can be one ofthree types. Identify the three types. (Choose three.)

A. A specific user

B. A group of users

C. All users, except guest accounts

D. All users, including guest accounts

E. All users across multiple instances

Correct Answer: ABCSection: Volume HExplanation

Explanation/Reference:

QUESTION 384Which business flow is used for activities starting from customer registration to setting up of product catalogs and targeted storefronts, and order capture?

A. Click to Order

B. Order to Cash

C. Campaign to Order

D. Contract to Renewal

Correct Answer: ASection: Volume HExplanation

Explanation/Reference:

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QUESTION 385You receive a request to create a new menu. Instead of creating a new menu, you modify an existing menu and save it to a different User Menu Name. Whathappens after saving the menu with a different User Menu Name?

A. There will be two menus.

B. The original menu is disabled.

C. The new menu will not contain any functions.

D. The new menu will overwrite the original menu.

Correct Answer: DSection: Volume HExplanation

Explanation/Reference:

QUESTION 386The database tier for the Oracle E-Business Suite Release 12 file system is stored in several toplevel directories. One of these directories is DATA_TOP located onthe database node machine. Which three components are stored in the DATA_TOP directory? (Choose three.)

A. Redo log files

B. Oracle Home

C. Index tablespaces

D. Product directories

E. System tablespaces

Correct Answer: ACESection: Volume HExplanation

Explanation/Reference:

QUESTION 387Identify four features of Workflow Monitor. (Choose four.)

A. Enables you to view your workflows

B. Enables you to modify a workflow definition file

C. Enables you to download a workflow definition file

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D. Displays status information for the process instance

E. Enables administrators to perform control operations

F. Enables you to search for a workflow process instance

G. Provides only summary-level information about individual activities of a workflow process

Correct Answer: ADEFSection: Volume HExplanation

Explanation/Reference:

QUESTION 388A global company has Oracle E-Business Suite Release 12 operations in the U.S., United Kingdom, and Sweden. The company now wants to add Denmark toOracle E-Business Suite Release 12. Identify two components that are required to create a new Denmark responsibility. (Choose two.)

A. Menu

B. Exclusions

C. Data Group

D. Request Set

E. Stage Function

F. Individual concurrent requests

Correct Answer: ACSection: Volume HExplanation

Explanation/Reference:

QUESTION 389Employee information in Oracle E-Business Suite Release 12 is partitioned by _____.

A. Legal Entity

B. Operating Unit

C. Business Group

D. HR Organization

E. Inventory Organization

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Correct Answer: CSection: Volume HExplanation

Explanation/Reference:

QUESTION 390Identify the Flexfield that can be used as an individual parameter and as a parameter range in the Oracle Web Applications Desktop Integrator.

A. Key Flexfield

B. Range Flexfield

C. GL Ledger Flexfield

D. Descriptive Flexfield

E. Account Aliases Flexfield

Correct Answer: ASection: Volume HExplanation

Explanation/Reference:

QUESTION 391ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category"Vehicle." Identify two correct statements. (Choose two.)

A. The setting up of the Descriptive Flexfield is mandatory.

B. The Asset Category Flexfield is owned by the Oracle Assets module.

C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.

D. Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.

Correct Answer: BCSection: Volume HExplanation

Explanation/Reference:

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QUESTION 392A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are usedoccasionally. The user can limit the list of values available to the three Operating Units by _____.

A. Setting the preferred Operating Units in user preferences

B. Setting the values for the MO: Operating Unit at the user level profile option

C. Setting the values for the MO: Default Operating Units at the user level profile option

D. Requesting the system administrator, to update the Operating Units in the security profile

E. Requesting the system administrator to set up MO: Default Operating Unit for the responsibility

Correct Answer: ASection: Volume HExplanation

Explanation/Reference:

QUESTION 393While defining customers and suppliers, what is the level of information that is stored for global registries?

A. Header-level information in partitioned tables

B. Header-level information in an unpartitioned table for all entities within an instance

C. Header-level information in partitioned tables with Taxpayer ID, Federal reportable, and State reportable options

D. Header-level information in an unpartitioned table with Taxpayer ID, Federal reportable, and State reportable options

Correct Answer: BSection: Volume HExplanation

Explanation/Reference:

QUESTION 394Identify two features of Flexfields in Oracle E-Business Suite Release 12. (Choose two.)

A. Flexfields consist of segments.

B. Flexfields are configurable fields.

C. Flexfields are used only in Oracle Financials suite of products.

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D. Flexfields are available for all forms in Oracle E-Business Suite Release 12.

Correct Answer: ABSection: Volume HExplanation

Explanation/Reference:

QUESTION 395Oracle Workflow Architecture includes Workflow Engine, Workflow Builder, and Directory Service. Identify three true statements. (Choose three.)

A. Directory Service contains users and roles.

B. Workflow Engine resides in Oracle database.

C. Directory service contains agents and services.

D. Workflow Builder resides in development client.

E. Workflow Engine resides in Oracle Application Server.

F. Workflow Builder saves workflow process definitions in a graphical format.

Correct Answer: ABDSection: Volume HExplanation

Explanation/Reference:

QUESTION 396Which tier is responsible for holding logic that supports and manages the Oracle E-Business Suite Release 12 Application components?

A. Database Tier

B. Application Tier

C. Technology Layer

D. Desktop/Client Tier

E. Application Tier and Database Tier

Correct Answer: BSection: Volume HExplanation

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Explanation/Reference:

QUESTION 397The technical architecture in Oracle E-Business Suite Release 12 supports the business needs of the application. Select three technical features included in thetechnical architecture in Oracle E-Business Suite Release 12. (Choose three.)

A. Global

B. Mobile interface

C. Rapid implementation

D. Business Intelligence

E. End-to-end integration

F. Self-service (HTML/JSPs)

Correct Answer: BDFSection: Volume HExplanation

Explanation/Reference:

QUESTION 398Select the four access control layers associated with Oracle User Management (OUM). (Choose four.)

A. Data Security

B. Functional Security

C. Registration Processes

D. Delegated Administration

E. Self Service and Approvals

F. Role-Based Access Control

Correct Answer: CDEFSection: Volume HExplanation

Explanation/Reference:

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QUESTION 399Which two options would you use to restrict the functionality provided by a responsibility? (Choose two.)

A. Creating an appropriate role

B. Creating an appropriate group

C. Constructing a new menu hierarchy

D. Defining rules to exclude specific functions

Correct Answer: CDSection: Volume HExplanation

Explanation/Reference:

QUESTION 400What are the three object components of Data Security? (Choose three.)

A. Object

B. Object Groups

C. Object Instance

D. Object Group Set

E. Object Instance Set

Correct Answer: ACESection: Volume HExplanation

Explanation/Reference:

QUESTION 401Identify three components in a Daily Business Intelligence report. (Choose three.)

A. Menu

B. Folder

C. Region

D. Parameter

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E. Key Performance Indicator

Correct Answer: CDESection: Volume HExplanation

Explanation/Reference:

QUESTION 402In 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: ASection: Volume HExplanation

Explanation/Reference:

QUESTION 403You are defining the Invoice Descriptive Flexfield (DFF) in Oracle Payables, and a warning message appears during DFF compilation. What is this warningmessage?

A. There is no context defined in the DFF.

B. The DFF does not contain a Reference field.

C. There is no segment defined in the DFF structure.

D. The DFF uses features that are supported only in Oracle Forms.

E. The "Synchronize with Reference Field" check box is not enabled.

Correct Answer: DSection: Volume HExplanation

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Explanation/Reference:

QUESTION 404Select three features of Oracle E-Business Suite Release 12 that leverage investment in technology. (Choose three.)

A. Oracle E-Business Suite Release 12 is engineered to work as an integrated system on a common IT infrastructure.

B. Oracle E-Business Suite Release 12 open standards-based architecture supports integration with non-Oracle applications.

C. Technology support to use SQL*Plus, Oracle Data Browser, database triggers, and other tools to modify Oracle Applications data is recommended.

D. Oracle E-Business Suite Release 12 has the functionality to track who has made changes to your information when the changes are made using databasetools.

E. Support for internal Oracle E-Business Suite Release 12 processes extends beyond enterprise boundaries to include customers, suppliers, and other tradingpartners.

Correct Answer: ABESection: Volume HExplanation

Explanation/Reference:

QUESTION 405Select three statements that are applicable for Subledger Accounting. (Choose three.)

A. Subledger Accounting posts journals from Subledgers.

B. Subledger Accounting enables the client to make online inquiries.

C. Subledger Accounting enables the client to keep detailed accounting entries.

D. Subledger Accounting maintains accounting information for Payables and Receivables.

E. Subledger Accounting enables the client to set up rules for deriving chart of accounts code combination.

Correct Answer: BCESection: Volume HExplanation

Explanation/Reference:

QUESTION 406Oracle Daily Business Intelligence (DBI) Release 12 functions are secured using the Oracle Application function security. DBI is also secured using a combination

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of user-based and responsibility-based data and function security. Identify five parameters used to secure dashboards. (Choose five.)

A. District

B. Commodity

C. Sales Group

D. Operating Unit

E. Request Type

F. Inventory Organization

Correct Answer: ABCEFSection: Volume HExplanation

Explanation/Reference:

QUESTION 407Select three benefits of centralizing Oracle E-Business Suite Release 12 Application software using the shared application tier file system model (originally sharedAPPL_TOP). (Choose three.)

A. Eliminates files for unlicensed products

B. Contains subdirectory for each product under APPL_TOP

C. Increases performance by adding multiple APPL_TOP directories

D. Enables Oracle Applications to scale well with an increasing load

E. Eliminates the need to install and maintain application software on each desktop client PC

Correct Answer: BDESection: Volume HExplanation

Explanation/Reference:

QUESTION 408Data Security is a layer of Access Control and builds on _____.

A. Functional Security

B. Registration Processes

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C. Delegated Administration

D. Self Service and Approvals

E. Role-Based Access Control

Correct Answer: ASection: Volume HExplanation

Explanation/Reference:

QUESTION 409Identify the correct sequence of Oracle E-Business Suite Release 12 Security Layers from bottom to top.

A. Function Security, Data Security, and Role-Based Access Control

B. Role-Based Access Control, Data Security, and Function Security

C. Data Security, Function Security, and Role-Based Access Control

D. Function Security, Role-Based Access Control, and Data Security

Correct Answer: ASection: Volume HExplanation

Explanation/Reference:

QUESTION 410Access Control is implemented in layers. Each layer builds upon the one that precedes it. Identify three correct statements about precedence of access controllayers. (Choose three.)

A. Data Security precedes Functional Security.

B. Data Security precedes Role-Based Access Control.

C. Delegated Administration precedes Registration Processes.

D. Registration Processes precedes Self Service and Approvals.

E. Self Service and Approvals precedes Role-Based Access Control.

Correct Answer: BCDSection: Volume H

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Explanation

Explanation/Reference:

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