Actualtests offers free demo for 1Z0-516 exam. "Oracle EBS R12.1 General Ledger Essentials", also known as 1Z0-516 exam, is a Oracle Certification. This set of posts, Passing the Oracle 1Z0-516 exam, will help you answer those questions. The 1Z0-516 Questions & Answers covers all the knowledge points of the real exam. 100% real Oracle 1Z0-516 exams and revised by experts!
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Q361. ABC.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.
Q362. Transaction numbering is set up using _____.
A. System options
C. Transaction types
D. Transaction sources
Q363. ABC 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 or period-type combination. Identify which functionality of Oracle General Ledger serves the need of ABC Enterprise.
B. Ledger sets
D. Data access sets
E. Balance transfers
Q364. Identify three true statements about defining actions in Oracle Alert. (Choose three.)
A. An alert can contain only one Action Set.
B. An alert can contain any number of Action Sets.
C. When multiple actions are defined they must be included in an Action Set.
D. Oracle Alert waits for user response before executing next action in an Action Set.
E. When multiple actions are defined, they do not need to be included in an Action Set.
F. Oracle Alert does not wait for user response before executing next action in an Action Set.
Q365. Which 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
Q366. Customer reason codes can be used to assist in automatic claim creation in Receivables.
Customer reason code mappings are assigned in _____.
C. Cash Management
D. Trade Management
E. Order Management
F. Subledger Accounting
Q367. The 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.
Q368. ABC Enterprise closes its books on March 31st. These activities have been identified to be performed for the closure of books.
1) post 2) translate 3) review 4) consolidate 5) revalue 6) run accounting reports 7) close accounting period In which order must these activities be performed?
A. 1, 3, 5, 2, 4, 6, 7
B. 5, 2, 3, 1, 7, 4, 6
C. 1, 5, 2, 3, 4, 7, 6
D. 1, 3, 2, 5, 7, 4, 6
Q369. Identify 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.
Q370. During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice created from the expense report in Payables. Which statement is true?
A. Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.
B. Any number of user-defined holds and only one system hold can be applied on one expense report in the Payables Expense Report window.
C. Only one user-defined hold and any number of system holds can be applied on one expense report in the Payables Expense Report window.
D. Any number of user-defined holds and any number of system holds can be applied on one expense report in the Payables Expense Report window.