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Q261. Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)
A. Define operating units.
B. Update accounting options.
C. Complete the accounting setup.
D. Define intercompany balancing rules.
E. Create the accounting setup structure.
F. Assign balancing segment values to legal entities.
Q262. Identify the two setups that control the defaulting of Tax Information on a journal entry. (Choose two.)
A. Set of Books
B. Journal categories
Q263. The head office of ABCCorporation is at New York, and it has a branch in Tokyo. Their ledgers have the same chart of accounts and calendar. The New York ledger uses USD, whereas the Tokyo ledger uses JPY as the functional currency. ABC Corporation has a requirement that all its branch transactions-subledger journals, General Ledger journal entries, and balances at Tokyo will have to be routinely reported in USD to New York. As an implementation consultant, which reporting currency conversion would you suggest for ABC Corporation?
A. Balance-level reporting currency only
B. Subledger-level reporting currency only
C. Both journal-level and balance-level reporting currency
D. Both subledger-level and balance-level reporting currency
Q264. For transaction-related activities such as adjustments and discounts, Receivables derives the balancing segment value from the _____ account that is associated with the transaction.
C. Unapplied cash
D. Unearned revenue
E. Unbilled receivables
F. Earned and unearned discounts
Q265. 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.
Up to the immediate present 1Z0-516 exam cram:
Q266. Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)
A. Oracle Assets
B. Oracle Leasing
C. Oracle Inventory
D. Oracle Receivables
E. Oracle Procurement
Q267. Which two are true statements regarding elimination? (Choose two.)
A. You must specify an elimination company in the Elimination Sets window.
B. You can define balancing options for eliminating entries.
C. You can define an elimination set to contain a single elimination entry.
D. Currency is an optional component when defining an elimination set.
Q268. Identify two features of a Descriptive Flexfield. (Choose two.)
A. It does not have a structure.
B. It enables you to build "intelligent keys."
C. It appears as a normal field on a form without any brackets.
D. It enables you to implement context-sensitive fields that appear only when needed.
E. It enables you to capture additional information in Oracle E-Business Suite Release 12 without programming.
Q269. 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 ABC.com. 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 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.
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 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.
D. 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.
E. 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.
Q270. You have been asked by the HR Manager to define Oracle Alert to show all employees terminated in the past six months. Identify three pieces of information that is required to define this Alert. (Choose three.)
A. Actions that you want Alert to perform
B. Frequency with which you want to run this Alert
C. A SQL statement that retrieves terminated employees
D. Name of the concurrent program to be run after Alert runs
E. Database table name, which stores employee information to specify in the Event Details section