1Z0-516 | All About Tested 1Z0-516 practice test
Q81. The rule-based accounting engine that centralizes accounting for Oracle E-Business Suite
Release 12 is called _____.
A. General Ledger
B. Accounting Engine
C. Subledger Accounting
D. Centralized Accounting
E. Global Accounting Engine
F. Financial Consolidation Hub
Answer: C
Q82. You have logged in to the Oracle E-Business Suite Release 12 instance and accessed your worklist. You see four FYI notifications in your default Worklist view. You opened the first notification and clicked the "OK" button after reviewing the content. Identify three things that can happen after you return to your worklist. (Choose three.)
A. You see four notifications in your worklist.
B. You see three notifications in your worklist.
C. Status of the first notification has been updated to "Delete."
D. Status of the first notification has been updated to "Closed."
E. You can view the first notification by choosing the "All Notifications" view from your worklist.
F. You can view the first notification by choosing the "FYI Notifications" view from your worklist.
Answer: BDE
Q83. Identify 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.
Answer: CDE
Q84. Which three statements are true about Balance Forward Billing? (Choose three.)
A. Billing date is an optional grouping rule.
B. Billing date value is mandatory when cycle is external.
C. Accept Consolidated Billing Invoices program is available.
D. Print New Consolidated Billing Invoices program is available.
E. It considers both manual transactions and imported transactions.
F. Activity can be consolidated across account sites, or by each billing site.
Answer: BEF
Q85. Identify three true statements regarding Multiple Organization reporting. (Choose three.)
A. Cross Organization reports and multiple Organization reports are the same.
B. Cross Organization reports can be submitted for a Reporting Level of Ledger.
C. Multiple Organization reports can be submitted for a Reporting Level of Ledger.
D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.
E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.
F. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.
Answer: BDE
Q86. Identify 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.
E. Transfer to General Ledger can transfer transaction accounting entries after the transactions are entered and saved.
Answer: BD
Q87. Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)
A. key flexfields
B. Journal Sources form
C. Journal Categories form
D. Journal Encumbrance Types form
E. Journal approval on the Ledger Setup page
Answer: BE
Q88. When reviewing the Accounts Payable Trial Balance Report for a period, a user notices that the remaining balance for an invoice is negative. What is the reason?
A. The invoice was overpaid.
B. The invoice was never accounted for.
C. The invoice was moved to the next period.
D. The payment for that invoice was recorded in a GL period before the GL period of invoice distributions.
Answer: D
Q89. You 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
Answer: C
Q90. ABC Corp. has implemented Oracle Manufacturing applications from Oracle E-Business Suite Release 12. How is the data in the manufacturing applications partitioned?
A. BY Application
B. By Legal Entity
C. By Operating Unit
D. By Business Group
E. By Inventory Organization
Answer: E