1Z0-516 Exam Questions
780 real 1Z0-516 exam questions with expert-verified answers and explanations. Page 1 of 16.
- Question #1
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies...
- Question #2
ABC.com has offices around the world, spread across different legal entities. ABC.com is implementing Oracle General Ledger. Its accounting department wants to know how to reduce t...
- Question #3
ABC.com has many Financial Statement Generator reports created to produce Profit & Loss statements and Balance Sheet reports. Occasionally ABC.com has a need to run a report that i...
- Question #4
ABC.com wants to compare actual amounts against their budgeted amounts. Which reporting or query options would provide that detail? (Choose two.)
- Question #5
Your subledger accountants are attempting to import their journals to the general ledger at the end of the period. The journal import processes are completing with a warning and no...
- Question #6
Which item CANNOT be queried in the Find Consolidation Process window?
- Question #7
ABC.com, the GL accountant, is preparing a PowerPoint presentation for the accounting staff to explain the steps for creating mass allocation journal entries. Which five steps shou...
- Question #8
Which rule has to be applied when using summary accounts to create a Mass Allocation journal?
- Question #9
ABC.com wants to use one set of books for its many subsidiary companies in Canada that will share the global chart of accounts structure and the Corporate Accounting Calendar. The...
- Question #10
ABC.com, a Canadian subsidiary of a U.S. company, wants to have an adjusting period in addition to its 12 calendar month accounting periods. Its fiscal year end is March 31. It wil...
- Question #11
What are three benefits of using the Journals Import: Group By Effective Date profile option? (Choose three.)
- Question #12
The clients GL accountant ABC.com comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval beca...
- Question #13
ABC.com is a global company based in the United States with divisions in North American, Europe and Asia. All of the journal imports, recurring journals, mass allocations and manua...
- Question #14
Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)
- Question #15
ABC.com wants to define a consolidation process for its enterprise. It has two sets of books: set of books A and Set of Books B. Both sets of books will be defined in Oracle Genera...
- Question #16
Which two General Ledger work would you assign to all your entry-level General Ledger accountants?
- Question #17
You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules?
- Question #18
Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?
- Question #19
In the course of implementing General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. They have been tested and...
- Question #20
Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?
- Question #21
You set the GL: Journal Review Required profile option to Yes. What is the result?
- Question #22
What is the effect of summary accounts on the efficiency of the posting process?
- Question #23
ABC.com has three companies in Canada, two companies in the United States, two companies in Singapore, and one company in Belgium. All the companies, except for one in Canada, have...
- Question #24
A ABC.com manager wants to review the cash balance by company. He has asked you to create the summary account template. ABC.coms accounting flexfield has four segments: Company (5...
- Question #25
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...
- Question #26
You work as a DBA for ABC.com. Please study the exhibit carefully. You are implementing Oracle General Ledger at ABC.com's site. ABC.com is based in the U.S. but has a global prese...
- Question #27
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...
- Question #28
ABC.com, the GL accountant comes to you with a requirement to define a particular Autoallocation request set where approvers are sent notifications automatically for the generated...
- Question #29
ABC.com's GL accountant is responsible for taking care of recurring journals. She comes to you with a problem: she ran the Generate Recurring Journal program before the AP and Payr...
- Question #30
When you change a summary account template funds check level from None to Advisory or Absolute, you need to _____.
- Question #31
To review available Financial Statement Generator elements, which two reports would be helpful? (Choose two.)
- Question #32
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the U.S. but has a presence in many countries worldwide, and has transactions in multiple currenci...
- Question #33
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the U.S. but has a presence in many countries worldwide, and has transactions in multiple currenci...
- Question #34
You work as a DBA for ABC.com. Please study the exhibit carefully. ABC.com wants to distribute rent expense to its various departments on the basis of floor space. It has taken the...
- Question #35
ABC.com has a legal entity in each of its business operations in the United States, Canada, Malaysia, Singapore, and Italy. The controller in Italy advises that the corporation mus...
- Question #36
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies...
- Question #37
After discussions with the client, the implementation team decides that the GL Autoallocation functionality would help satisfy the clients requirements to automatically allocate th...
- Question #38
One of your co-workers, ABC.com, is working to define and develop Financial Statement Generator reports where the budget amounts and actual amounts would display on the report per...
- Question #39
Which five statements are true about the elements required for a set of books? (Choose five.)
- Question #40
Identify two features of Content Sets when creating reports using Financial Statement Generator (FSG)? (Choose two.)
- Question #41
ABC.com, the GL accountant, says that he has heard about the budget upload functionality of Oracle GL and he is eager to test it. She is unable to test it in the CRP instance. What...
- Question #42
In creating a report, what is true about the column set? (Choose two.)
- Question #43
ABC.com is getting ready to complete its month-end process. It needs to create a profit and loss statement and it wants to use the Financial Statement Generator feature to create t...
- Question #44
Select the two minimum set up steps for intercompany accounting. (Choose two.)
- Question #45
Which three are part of the Global Consolidation System functionality ? (Choose three.)
- Question #46
ABC.com has two sets of books and six inventory organizations. What is the minimum number of times that ABC.com needs to run the general ledger interface in order to close the inve...
- Question #47
A client has a requirement to allocate the rent and other expenses to all the departments based on the formula defined in GL Mass Allocation. Mario, the GL accountant, comes to you...
- Question #48
Which four attributes are validated during the Journal Import Verification Process? (Choose four.)
- Question #49
ABC.com, the GL accountant comes to you and says that the Accounting Department requires two current budgets, as they work with two senior executives within the company who have di...
- Question #50
Your client wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A bus...