1Z0-516 Exam - Oracle EBS R12.1 General Ledger Essentials

NEW QUESTION 1
Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)

• A. Ledger
• B. Legal Entity
• C. Operating Unit
• D. Reporting Level
• E. Reporting Context

Answer: DE

NEW QUESTION 2
Which statement is a proper definition of a Punch-In?

• A. Punch-Ins are links that hook into specific product families in the syste
• B. They can be used to navigate directly from a product family to another in your applicatio
• C. They can also be used to jump into a specific product family from an external website.
• D. Punch-Ins are links that hook into specific pages in the syste
• E. They can be used to navigate directly from one page to another in your applicatio
• F. They can also be used to jump to a specific page from an external website.
• G. Punch-Ins are buttons that take you to specific pages in the syste
• H. They can be used to navigate directly from one page to another in your application.
• I. Punch-Ins are links that relate into specific parts in the syste
• J. They can be used to search directly for a given part in your applicatio
• K. They can also be used to search for a specific part from an external website.
• L. Punch-Ins are links that hook into a specific Commerce process in the syste
• M. They can be used to navigate directly to a given Commerce process in your applicatio
• N. They can also be used to jump into a specific Commerce process from an external website.

Answer: B

NEW QUESTION 3
Identify the three data types available for part custom fields. (Choose three.)

• A. “String,” can be changed to “Single Select Menu”
• B. “Boolean”
• C. “Float,” can be changed to “Integer”
• D. “Date,”, can include time
• E. “Currency”
• F. “Multi Select Menu”

Answer: ACE

NEW QUESTION 4
When using Web Services 1.0, consider the following sequence of a client system calling CPQ Cloud WebServices.
*1. Call Security Login WebServices with User ID and Password.
*2. Create a Commerce updateTransaction WebServices call by using an existing transaction ID.
*3. Make the following updates in the web service XML:
Set Session ID
Set “_shipTo_first_name” to “myName”
*4. Submit the WebService call.
*5. Call Security Logout WebServices with the Session ID to close the session. Based on the given sequence, which two statements are true? (Choose two.)

• A. The call in step 4 will throw an error
• B. The Commerce transaction should be updated with the new Ship To name
• C. The session will still be open
• D. Step 3 does not specify an action to execute; therefore, nothing is updated in the transaction
• E. Step 5 is unnecessar
• F. Session ID is not needed to log out

Answer: CE

NEW QUESTION 5
Identify the three reports that can be processed using the State Controller window. (Choose three.)

• A. Consolidation Audit
• B. Consolidations Journal
• C. Consolidation Financial
• D. Consolidation Exceptions
• E. Consolidation Balance Inquiry

Answer: ABD

NEW QUESTION 6
Which three activities would use summary accounts? (Choose three.)

• A. creating a monthly recurring standard journal entry to amortize goodwill
• B. allocating the total monthly costs of the Information Services department to other departments
• C. estimating a sales commission accrual based on the total of all product sales for each division
• D. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Answer: BCD

NEW QUESTION 7
Consider the following requirements for integration with Salesforce:
Transaction information needs to be pushed back to Salesforce and synchronized.
You must be able to synchronize a transaction with up to 1,000 lines back to the Opportunity Product object in Salesforce.
On the basis of these requirements, which three XSL sets should you use to provide the integration?

• A. SFDC Opportunity - Upload
• B. SFDC Quote – Process Updates
• C. SFDC Products – Upsert All (200, 400, 600, 800, 1000)
• D. SFDC Opportunity – Import
• E. SFDC Quote - Upsert

Answer: C

NEW QUESTION 8
ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books.
What conversion method would you use?

• A. Use journal-level secondary ledger conversion.
• B. Use subledger-level secondary ledger conversion.
• C. Use adjustment-level secondary ledger conversion.
• D. Use both subledger-level and adjustment-level secondary ledger conversion.

Answer: A

NEW QUESTION 9
Identify three types of activities that are captured in Administration logs. (Choose three.)

• A. creation of configuration objects
• B. modification of Commerce process objects
• C. deployment of configuration product families
• D. creation of data tables
• E. migrations with the site as target
• F. uploading of files in File Manager

Answer: BCE

NEW QUESTION 10
During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.
Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

• A. Define Value Sets and assign them to Segments.
• B. Define Segments in the Accounting FlexField structure.
• C. Qualify one of the Segments as the Balancing Segment.
• D. The Key Flexfield Segments have to be enabled and displayed.
• E. Select the “Allow Dynamic Inserts” check box in the Accounting Key Flexfield structure.

Answer: E

NEW QUESTION 11
What is the correct order of execution of Configuration rules for an attribute that has both Recommendation and Constraint rules written on it?

• A. Recommendation, Constraint, Hiding, Recommended Item
• B. Constraint, Hiding, Recommendation, Recommended Item
• C. Recommendation, Recommended Item, Hiding, Constraint
• D. Hiding, Constraint, Recommendation, Recommended Item
• E. Constraint, Recommendation, Constraint, Hiding, Recommended Item

Answer: D

NEW QUESTION 12
John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company.
John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies.
What does John say to help Sam?

• A. Currency Rates Manager automatically converts all transactions entered in INR to USD.
• B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then toUSD.
• C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.
• D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.
• E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.

Answer: C

NEW QUESTION 13
Your customer wants to create a user that has complete access to the site and has the ability to add and edit new users.
Which procedure should you follow to accomplish this?

• A. Click the Add button on the User Administration List page; enter values for the required fields (Login, Email, and First Name); set the Type field to FullAccess; click the Add button to add the user to the system; click the new user’s name on the User Administration List page to edit the user, select the Create/Modify Users check box; and click the Update button to save the changes.
• B. Click the Add button on the User Administration List page, set the Type field to Admin, click the Add button to add the user to the system, click the new user’s name on the User Administration List page to edit the user, select the Create/Modify Users check box, and click the Update button to save the changes.
• C. Click the Add button on the User Administration List page; enter values for the required fields (Login, Email, and First Name); set the Type field to FullAccess; select the Create/Modify Users check box, and click the Add button to add the user to the system.
• D. Click the Add button on the User Administration List page; enter values for the required fields (Login, Email, and First Name); click the Add button to add the user to the system; click the new user’s name on the User Administration List page to edit the user; select the Create/Modify Users check box; and click the Update button to save the changes.
• E. Click the Add button on the User Administration List page; enter values for the required fields (Login, Password, Email, First Name, Last Name, and Phone Number); set the Type field to Admin; click the Add button to add the user to the system; click the new user’s name on the User Administration List page to edit the user; select the Add New Users check box; and click the Add button to save the changes.

Answer: C

NEW QUESTION 14
A red “x” appears instead of a part (item) in a configuration. What causes this?

• A. The Recommended Item rule is recommending an incorrect price for the part number
• B. The Recommended Item rule is recommending a part that does not exist
• C. The Recommended Item rule is recommending more than one part number
• D. The Recommended Item rule is not firing

Answer: B

NEW QUESTION 15
Which three statements are true regarding simple Table-Based BOM Mapping Configuration rules? (Choose three.)

• A. They can generate a child BOM item in the BOM instance only if its parent BOM item is also included
• B. They can support a multi-level hierarchical BOM structure
• C. They can be defined at the Product Family level
• D. They can map multiple BOM items to an individual row in an array set of Configuration attributes
• E. They can be used alongside Advanced BML-Based BOM Mapping rules

Answer: BCE

NEW QUESTION 16
Which three statements are true about the revaluation process? (Choose three.)

• A. You must post the revaluation journal entries.
• B. The revaluation process must be executed after the translation process has completed.
• C. This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.
• D. Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.

Answer: ACD

NEW QUESTION 17
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 formula must be identified.
• B. The currency must be identified.
• C. The amount type must be identified.
• D. A debit or credit balance type must be assigned.

Answer: CD

NEW QUESTION 18
A multi-select attribute with five options is displayed as check boxes. Depending on the conditions, the Configurator should show a user three of these five options.
How do you accomplish this?

• A. by writing a Recommendation rule
• B. by writing a Constraint rule
• C. by writing a Hiding rule
• D. by writing a Pricing rule

Answer: C

NEW QUESTION 19
Identify two ways in which you can display a message to a user while using simple table-based lookups for an attribute. (Choose two.)

• A. defining an advanced BML (CPQ Cloud Language) function for that attribute
• B. setting the message type as Static Entry when selecting an attribute to populate
• C. setting the message type as Table Column when selecting an attribute to populate
• D. defining a static text message for that attribute

Answer: BD

NEW QUESTION 20
You are asked to design a Document Designer template, which would generate an output document where users would be able to navigate to a specific section from the table of contents. This is a complex document with many sections and subsections that can go up to seven levels of parent/child relationships.
Which three steps do you need to perform to ensure that the table of contents show only two levels of the sections and subsections so that the user reviewing the document can navigate to a desired section’s page and scroll further to the deeper levels? (Choose three.)

• A. Assign page numbers to all heading elements
• B. Enable the Table of Contents option for selected heading styles
• C. Create headings by using the Heading element for the section content in your template
• D. Enable the Table of Contents option for all heading styles
• E. Assign a heading style set to the Table of Contents layout

Answer: ABC

NEW QUESTION 21
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