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2016 Aug 1Z0-516 free practice test

Q351. ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have a substantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle Web Application Desktop Integrator. Identify four types of data that can be used for uploading data by using Web ADI. (Choose four.) 

A. HRMS data 

B. Assets data 

C. Vendors data 

D. Budgets data 

E. Inventory data 

F. Customers data 

Answer: ABDE


Q352. When summary account templates are associated with the check-level advisory of budgetary control funds, which are the two items that must be associated with the template? (Choose two.) 

A. The formula must be identified. 

B. The currency must be identified. 

C. The boundary must be identified. 

D. The funding budget must be identified. 

Answer: CD


Q353. The default Operating Unit in a Multi-Org-enabled form with the Operating Unit field will be defaulted from the _____. 

A. Profile option MO: Operating Unit set at the user level in profile options 

B. Default Operating Unit set by the user on the user preferences Web page 

C. Profile option MO: Operating Unit at the responsibility level in profile options 

D. Profile option MO: Default Operating Unit set at the user level in profile options 

E. Profile option MO: Default Operating Unit at the responsibility level in profile options 

Answer: B


Q354. ABC.com has a requirement that all budget entries are made through journals. Where would you set this up? 

A. Journal Sources 

B. Set of Books 

C. Journal Categories 

D. Journal Types 

E. Budget Organizations 

Answer: B


Q355. Which action is part of the Projects tieback process? 

A. Validates the account combination. 

B. Balances the journal entry. 

C. Interfaces cost to the General Ledger. 

D. Updates cost distribution lines. 

Answer: D


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Update 1Z0-516 exam engine:

Q356. Identify the different types of data that can be processed using the GL Interface. (Choose three.) 

A. rates 

B. budget 

C. vendors 

D. statistical 

E. intercompany 

F. currency codes 

Answer: BDE


Q357. Which three are true regarding purchase order-matched invoices? (Choose three.) 

A. You can set up controls in your system to require you to purchase order-match each invoice. 

B. You can set up controls in your system to require you to invoice-match credit /debit memos that have been matched to a purchase order. 

C. You can set an option on a purchase order shipment that controls whether invoices must match that shipment directly or through a receipt. 

D. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are less than the amounts or quantities on the purchase order or receipt. 

E. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are greater than the amounts or quantities on the purchase order or receipt. 

Answer: ACE


Q358. If you use the Expense Report Export program, it converts expense reports created in these applications into Payables invoices. Identify the two applications. (Choose two.) 

A. Oracle Aria 

B. Oracle Travel 

C. Oracle Projects 

D. Oracle Payables 

E. Oracle General Ledger 

F. Oracle Internet Expenses 

Answer: DF


Q359. ABC Enterprise closes its books on March 31st. These activities have been identified to be performed for the closure of books. 

1) post 2) translate 3) review 4) consolidate 5) revalue 6) run accounting reports 7) close accounting period In which order must these activities be performed? 

A. 1, 3, 5, 2, 4, 6, 7 

B. 5, 2, 3, 1, 7, 4, 6 

C. 1, 5, 2, 3, 4, 7, 6 

D. 1, 3, 2, 5, 7, 4, 6 

Answer: A


Q360. ABC Corp. is implementing General Ledger, Payables, Receivables, and Cash Management. Identify two points of integration between General Ledger, Payables, Receivables, and Cash Management. (Choose two.) 

A. Payables sends bank reconciliation accounting entries to General Ledger. 

B. Receivables sends accrued revenue accounting entries to General Ledger. 

C. Receivables sends bank reconciliation accounting entries to General Ledger. 

D. Cash Management sends bank reconciliation accounting entries to General Ledger. 

E. Cash Management does not send bank reconciliation accounting entries to General Ledger. 

Answer: AD