Exam Code: 1Z0-516 (Practice Exam Latest Test Questions VCE PDF)
Exam Name: Oracle EBS R12.1 General Ledger Essentials
Certification Provider: Oracle
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2016 Jun 1Z0-516 Study Guide Questions:

Q431. The database tier for the Oracle E-Business Suite Release 12 file system is stored in several toplevel directories. One of these directories is DATA_TOP located on the database node machine. Which three components are stored in the DATA_TOP directory? (Choose three.) 

A. Redo log files 

B. Oracle Home 

C. Index tablespaces 

D. Product directories 

E. System tablespaces 

Answer: ACE


Q432. Select the two minimum set up steps for intercompany accounting. (Choose two.) 

A. Enable Balance Intercompany Journal when defining the set of books. 

B. Define a clearing company for all many-to-many intercompany journals. 

C. Set up intercompany accounts for journal source and journal category of Other. 

D. Define a journal source and a journal category for Intercompany. 

E. Include an Intercompany segment in the chart of accounts structure. 

F. Set up intercompany accounts for every journal source and journal category for intercompany transactions. 

G. Define a value set for the Company and Intercompany segments. 

H. Enable the Intercompany Qualifier for the Intercompany segment. 

Answer: AC


Q433. Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.) 

A. Enable one-time definition of objects 

B. Are referenced by several Oracle Application modules 

C. Are defined in each Oracle Application module separately 

D. Are owned by a single Oracle Application module for table purposes only 

E. Are owned by a single Oracle Application module to designate the primary user or decision maker 

Answer: ABD


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Q434. ABC.com is a U.S.-based company with business operations in North America and Europe. It has existing Oracle GL sets of books in its single global instance. All sets of books use a global chart of accounts and a common accounting calendar. 

It just expanded its business to Australia and acquired two new companies with the same year end as World Inc. It wants to be able to include the new companies in existing financial reports created with Financial Statements Generator (FSG). 

How can it easily integrate the two new companies into its existing GL with minimal effort? 

A. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD and include the two new companies for FSG reports in USD. 

B. Define two new company values, define a new AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set of books. 

C. Define the new company values, enable AUD currency and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the two new sets of books into their existing consolidation set of books. 

D. Define two new company values, enable AUD currency, and define a new set of books. Translate AUD to USD and include the two new companies for FSG reports in USD. 

E. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set of books. 

Answer: D


Q435. Oracle Daily Business Intelligence (DBI) Release 12 functions are secured using the Oracle Application function security. DBI is also secured using a combination of user-based and responsibility-based data and function security. Identify five parameters used to secure dashboards. (Choose five.) 

A. District 

B. Commodity 

C. Sales Group 

D. Operating Unit 

E. Request Type 

F. Inventory Organization 

Answer: ABCEF


Q436. ABC Corp. decides to implement Oracle Receivables, Oracle Payables, and Oracle Purchasing. To access any of these applications, a user must be given access to a responsibility associated with a type of organization. Identify the type of organization with which the responsibility can be associated. 

A. Legal Entity 

B. Operating Unit 

C. Asset organization 

D. Inventory organization 

Answer: B


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Q437. Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.) 

A. Create aliases. 

B. Define a value set. 

C. Define security rules. 

D. Define an account structure. 

E. Define valid segment values. 

F. Create account combinations. 

Answer: BDE


Q438. Identify three statements that are true about E-Business Tax and Payables. (Choose three.) 

A. In E-Business Tax, tax calculations are based on supplier's site defaults. 

B. In E-Business Tax, there is one repository with detailed and fully allocated tax lines. 

C. Payables is not integrated with E-Business Tax to provide tax services for invoices. 

D. With E-Business Tax, you can account for recoverable taxes at the time and to the extent of payment in Payables. 

E. Payables integrates with E-Business Tax to automatically determine and calculate the applicable tax lines for the invoices. 

Answer: BDE


Q439. Employee information in Oracle E-Business Suite Release 12 is partitioned by _____. 

A. Legal Entity 

B. Operating Unit 

C. Business Group 

D. HR Organization 

E. Inventory Organization 

Answer: C


Q440. The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that an entry related to the Dec-04 period has not been entered. Dec-04 has a closed status. Now that the user has all the approvals, he or she wants to know how to enter and post the journal in GL, ensuring that all balances are reflected correctly. 

What must the user do? 

A. Open Dec-04; enter and post the journal; close the period. 

B. Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close all periods. 

C. Open Dec-04; enter and post the journal; run the Trial Balance report; close the period. 

D. The user cannot post to a prior period that is not in the current fiscal year. So, enter and post it in Mar-05. 

Answer: C