★ Pass on Your First TRY ★ 100% Money Back Guarantee ★ Realistic Practice Exam Questions
Exam Code: 1Z0-516 (Practice Exam Latest Test Questions VCE PDF)
Exam Name: Oracle EBS R12.1 General Ledger Essentials
Certification Provider: Oracle
Free Today! Guaranteed Training- Pass 1Z0-516 Exam.
2016 May 1Z0-516 Study Guide Questions:
Q11. Which relationship group would you assign to allow each party to pay for its own transactions, as well as the transactions of all parties that are lower in the hierarchy (children, grandchildren, and so on)?
A. Pay group
B. Pay below
C. Pay without
D. Pay parties
Q12. Identify 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.
Q13. ABC.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 legal entities 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 corporate controller 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.
Up to the immediate present 1Z0-516 exam prep:
Q14. The Oracle E-Business Suite Release 12 architecture supports multiple languages. Which three statements support the user's ability to successfully enter and view data in his or her specified language. (Choose three.)
A. Character sets and fonts must be available on the middle tier.
B. Language support must be available on the desktop client tier.
C. Character sets and fonts must be available on the database tier.
D. The character set of the browser is set by Oracle Applications for each session.
E. The desktop browser must support character set and language-specific capabilities.
F. The responsibility profile option values provide the default National Language Support (NLS) settings for all end users.
Q15. Which 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
Q16. Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third-party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Identify the Oracle Payables interface that accomplishes this.
A. Projects Import Interface
B. Payables Open Interface
C. Credit Card Import Interface
D. Expense Report Import Interface
Guaranteed 1Z0-516 preparation:
Q17. Select two features regarding the completion of a successful customer merge in Oracle
Receivables that support ongoing customer data cleansing efforts after go-live. (Choose two.)
A. Customer merge activity can be reversed after the merge process.
B. Bank details for the merge-from customer remains available after the merge process.
C. Duplicate parties are repointed to the surviving party after the customer merge process.
D. Duplicate customers are repointed to the surviving customer after the customer merge process.
E. Customer sites associated with the old customer or site are associated with the new customer or site after the customer merge process.
F. Customer transactions or audit transactions details for the merge-from customer remain available for reprinting after the customer merge process.
Q18. ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.
A. Create an account-level reporting currency.
B. Create a subledger-level reporting currency.
C. Create a journal-level reporting currency for every transaction.
D. Create a balance-level reporting currency and run general ledger translation.
Q19. Your 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
Q20. Payables 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
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
see more Oracle EBS R12.1 General Ledger Essentials