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2016 Jun 1Z0-516 Study Guide Questions:

Q181. ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.) 

A. XYZ Company is not impacted at all by this rate change. 

B. XYZ Company has a positive impact by this rate change. 

C. ABC Company is not impacted at all by this rate change. 

D. ABC Company has a positive impact by this rate change. 

Answer: AD


Q182. Which statement is correct about the differences between the functionalities of parent accountsand summary accounts? 

A. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas. 

B. Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process. 

C. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type. 

D. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form. 

E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results. 

Answer: D


Q183. Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.) 

A. Review the workflow process. 

B. Evaluate the mapping settings. 

C. Review the GL_Interface tables. 

D. Confirm the account hierarchy setups. 

E. Run the period close by using a different amount type. 

Answer: BC


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Q184. You are involved in a project to upgrade to Oracle E-Business Suite, Release 12. You need more information about the upgrade processes and paths. Where would you find the upgrade guide for Oracle E-Business Suite? 

A. AppsNet 

B. Bug Database 

C. Technical Forums 

D. MetaLink Knowledge Base 

E. Oracle Technology Network 

F. Customer Knowledge Exchange 

Answer: D


Q185. You are about to set up an accounting calendar for a new set of books at ABC.com. 

ABC.com's fiscal year end is March 31. 

The company is not sure if it wants to convert one year or two years of history in the GL. 

The controller wants to choose conversion of one-year history for an April 1, 2007 go-live date, but also wants to keep the option open for conversion of two-year history (to be decided before the go-live date). ABC.com will use the GL Translation functionality, beginning from the first period, with historical GL balances. 

Which solution would meet ABC.com's requirement? 

A. Define the calendar for Apr-05 through Mar-08. Open Apr-05 through Apr-06 periods. Plan to convert historical data from Apr-06 through Mar-07. If they choose a two-year history, they can always open Apr-05 later. 

B. Define the calendar for Mar-05 through Mar-08. Open Apr-06 as the first period to convert historical data. If they choose a two-year history, they can always open Apr-05 later. 

C. Define the calendar for Mar-05 through Mar-08. Open Mar-05 through Apr-06 periods. Plan to convert historical data from Apr-06 through Mar-07. If they choose a two-year history, they can always close all periods except Apr-06 later. 

D. Define the calendar for Apr-05 through Mar-08. Open Apr-06 as the first period to convert historical data. If they choose a two-year history, they can always open Apr-05 later. 

E. Define the calendar for Mar-05 through Mar-08. Open Mar-06 though Apr-06 periods. Plan to convert historical data from Apr-06. If they choose a two-year history, they can always open Apr-05 later. 

Answer: C


Q186. Identify three profile options that affect the integration of Oracle Receivables with other Oracle applications. (Choose three.) 

A. OM: Item Flexfield 

B. EB Tax: Inventory Item for Freight 

C. AR: Application GL Date Default 

D. EB Tax: Invoice Freight as Revenue 

E. AR: Change Customer on Transaction 

Answer: ABD


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Q187. A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context? 

A. 1 

B. 3 

C. 15 

D. 12 

E. 11 

Answer: B


Q188. The technical architecture in Oracle E-Business Suite Release 12 supports the business needs of the application. Select three business principles that drive the business architecture in Oracle E-Business Suite Release 12. (Choose three.) 

A. Global 

B. Mobile interface 

C. Business Intelligence 

D. Rapid implementation 

E. End-to-end integration 

F. Self-service (HTML/JSPs) 

Answer: ADE


Q189. Which two statements would be true when helping a customer make implementation decisions for General Ledger? (Choose two) 

A. Integration issues can be minimized. 

B. Training can be standardized when Oracle is implemented without customization. 

C. Patching cannot be done on a customized implementation. 

D. All Oracle subledger journals go directly to General Ledger to overcome interface problems. 

E. Cost of upgrades would not be affected. 

Answer: AB


Q190. ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify two correct statements. (Choose two.) 

A. The setting up of the Descriptive Flexfield is mandatory. 

B. The Asset Category Flexfield is owned by the Oracle Assets module. 

C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module. 

D. Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module. 

Answer: BC