1Z1-516 by Oracle Actual Free Exam Questions And Answers

Question 1

Employee information in Oracle E-Business Suite Release 12 is partitioned by ___________.

A. Business Group

B. Inventory Organization

C. Legal Entity

D. HR Organization

E. Operating Unit

Discussion 0

Correct Answer: A Vote an answer

Question 2

Which format will datetostr(getdate()) return when no format is supplied?

A. HH:mm:ss MM/dd/yyyy

B. DD/mm/yyyy HH:mm:ss

C. MM/dd/yyyy HH:mm:ss

D. HH:mm:ss DD/mm/yyyy

Discussion 0

Correct Answer: C Vote an answer

Question 3

Identify three features of Key Flexfields. (Choose three.)

A. Key Flexfields are used as identifiers for entities.

B. Each segment of a Key Flexfield usually contains meaningful information.

C. A Key Flexfield structure consists of multiple code combinations.

D. The Key Flexfield structure comprises Segments.

E. Key Flexfields appear as a single-space field enclosed in brackets.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 4

You want to add multiple sections to your Document Designer template, and you want the sections in the template without page breaks between each section.
How should you accomplish this?

A. Select the Child Section check box in the Section Properties panel for each subsequent section following the first section in the series

B. Add the first section in the series and select the Continuous Section check box in the Section Properties panel

C. Select the Continuous Section check box in the Section Properties panel for each subsequent section following the first section in the series

D. Add each section to the template and manually remove the page breaks at the end of each section

E. You do not have to do anything because this is the default behavior in Document Designer

Discussion 0

Correct Answer: C Vote an answer

Question 5

You 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 for their US operations. They want to maintain an additional ledger for management reporting and analysis purposes.
They want all their department managers in the US to use the additional ledger to book internal management adjustments that are not published in their financial statements.
Choose two statements that are true in the given scenario. (Choose two.)

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

B. The primary ledger must contain only management adjustments.

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

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

E. The secondary ledger represents the complete management picture.

Discussion 0

Correct Answer: A,D Vote an answer

Question 6

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

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

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

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

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

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

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 7

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

A. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

B. It ensures reapplication of the same rules each time you transfer.

C. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

D. User-defined conditions enable you to control when transformation rules must be applied.

E. IDT provides greater flexibility by performing no validation on the imported data.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 8

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

A. The currency must be identified.

B. The formula must be identified.

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

D. The amount type must be identified.

Discussion 0

Correct Answer: C,D Vote an answer

Question 9

What is the correct order of execution of Configuration rules for an attribute that has both Recommendation and Constraint rules written on it?

A. Hiding, Constraint, Recommendation, Recommended Item

B. Recommendation, Recommended Item, Hiding, Constraint

C. Recommendation, Constraint, Hiding, Recommended Item

D. Constraint, Hiding, Recommendation, Recommended Item

E. Constraint, Recommendation, Constraint, Hiding, Recommended Item

Discussion 0

Correct Answer: A Vote an answer

Question 10

ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing.
ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll.
An accrual journal entered on 29-Apr-05 will be reversed on the __________.

A. next day in the same period

B. next business day in the same period or the next period, based on the transaction calendar

C. next business day in the same period

D. first day of the next period

Discussion 0

Correct Answer: B Vote an answer

Oracle EBS R12.1 General Ledger Essentials - 1Z1-516 Exam Practice Test

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