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2016 Nov 1Z0-516 pdf exam
Q361. After discussions with the client, the implementation team decides that the GL Autoallocation functionality would help satisfy the clients requirements to automatically allocate the rent and other expenses to all the departments based on the defined formula. The GL accountant comes to you with a requirement that the approver of the journal should be automatically informed once the journal is generated. What is your response?
A. Dynamic Insert must be enabled to satisfy this requirement.
B. It is not possible to satisfy this requirement.
C. Cross-validation rules must be defined to satisfy this requirement.
D. Autoallocation uses Workflow, so there is no problem in satisfying this requirement.
Q362. In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program. What two requirements are necessary to run this program? (Choose two.)
A. Database links must be defined.
B. The same ledgers must be defined in both instances.
C. Enable the FSG: AutoCopy profile option in the production environment.
D. The same row and column sets must exist in the production environment.
Q363. To create a party paying relationship, the relationship type must be hierarchical and the party type must be _______.
E. Person or organization
Q364. Joe is the controller of ABC.com, your client. He is anxious to see you demonstrate the basic functionality of General Ledger with a set of books that somewhat reflects his company's business. Tell him the minimum four pieces of information you need from him, to create a set of books for your demonstration. (Choose four.)
A. number of accounting periods
B. accounting calendar with periods and fiscal year end
C. currencies that his company has transactions in
D. currency conversion rates
E. suspense account
F. retained earnings account
G. intercompany account
H. company organization structure for Chart of Accounts
I. encumbrance account
J. the base (functional) currency of his company
Q365. Which business flow is used for activities starting from product purchase to creating and closing service requests?
A. Click to Order
B. Campaign to Order
C. Contract to Renewal
D. Request to Resolution
Renovate 1Z0-516 practice exam:
Q366. When you assign a template to a rule in Bill Presentment Architecture, you enter a range of ___.
A. Data sources
B. Transaction types
C. Transaction dates
D. Customer accounts
Q367. ABC Corp. uses Oracle E-Business Suite Release 12 and wants to design an Order Status Web inquiry screen to make order statuses visible to its customers online. How can ABC Corp. ensure that customers view only their individual order statuses?
A. By securing attributes for each customer
B. By excluding attributes for individual customers
C. By assigning a separate attribute value for INTERNAL_CONTACT_ID
D. By assigning the same attribute value for CUSTOMER_CONTACT_ID
Q368. Your client, Company A, has these requirements:
1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week.
2. Payables journal entries have to be transferred to GL at least once per month for reporting purposes.
3. Oracle Projects balances must be updated once every month.
4. Payment batches must be processed daily.
On the basis of the above requirements, what would be the minimum recommended frequency of running the Transfer to GL program?
D. once every two weeks
Q369. Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?
A. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts will help generate quicker results.
B. Summary accounts use the summing segment type for mass allocations, whereas parent accounts use the looping segment type.
C. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
D. Summary accounts speed up the posting process, whereas parent accounts require additional time for the posting process.
E. Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts balances cannot be viewed in that form.
Q370. Select three processes that must be performed before closing the purchasing period. (Choose three.)
A. Process period-end receipt accruals.
B. Run the Purchasing Account Analysis Report.
C. Process the remaining inventory transactions.
D. Run and review the Uninvoiced Receipts Report.
E. Run Transfer Journal Entries to the GL program from Receiving.