1Z0-516 Online Practice Questions and Answers

When defining a new user, which Type value can grant a user account complete access to the CPQ Cloud site?

A. AdminAccess with Create/Modify Users selected

B. Root with Create/Modify Users selected

C. Administration with Create/Modify Users selected

D. FullAccess with Create/Modify Users selected

E. Superuser with Create/Modify Users selected

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

After reviewing an incomplete invoice entered last week by her assistant, Jovi clicked the Complete 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.

ABC 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.

You 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 the database in the _____.

A. UTF8 format

B. ASCII format

C. US7ASCII character set

D. Standard number format

E. Uniform canonical format

Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

A. Ledger

B. Legal Entity

C. Operating Unit

D. Security Profile

E. Business Group

ABC Corp. has determined its Accounting Key Flexfield structure for the implementation of Oracle E-Business Suite Release 12. The Accounting Key Flexfield structure 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. 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.

Which 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.

Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary.

What is the next logical step in the period-close process?

A. opening the next period

B. closing the current period

C. revaluing foreign currency balances

D. translating to the functional currency

E. consolidating to the parent set of books

A 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 four segments:

1.

company (5 values)

2.

cost centers (30 values)

3.

region (4 values)

4.

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