1Z0-516 Exam Questions

Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

Which two statements correctly describe the translation process? (Choose two.)

For each subledger there should be one _____.

All of the manual journal entries are defaulting to a non current period. Which step was omitted from the accounting cycle?

ABC.com would like a consolidation process to consolidate operations in the UK and US. ABC.com requires a summary of transactions from both companies. Company 01 is located in Chic...

A manager at ABC.com 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...

ABC.com wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year end is March 31. The normal month en...

Which three data elements default from transaction type in Oracle Receivables? (Choose three.)

To define the primary ledger, which account is always required?

Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They needed expert guidance and came to you. You look at the report and see that the In...

Jack is implementing Oracle General Ledger for ABC Corporation. The management wants the definition of data access set with full ledger access set type for its four ledgers/ledger...

Identify two correct statements about Oracle Receivables. (Choose two.)

Symba Manufacturing International has a requirement to match Cost of Goods Sold (COGS) and Revenue. They have asked your help in implementation. In this context, which two dependen...

For transaction-related activities such as adjustments and discounts, Receivables derives the balancing segment value from the _____ account that is associated with the transaction...

Which statement is correct about the differences between the functionalities of parent accountsand summary accounts?

AutoLockbox uses attributes to identify a customer for each AutoLockbox receipt. Which five attributes for AutoLockbox are used to identify the customer? (Choose five.)

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

Transaction numbering is set up using _____.

The organization that Receivables uses to validate items is set up using _____.

Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle General Ledger and had been eager to test it. However, she was unable to test it in...

You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?

The Receivables QuickCash functionality enables you to_____.

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will int...

Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E- Business Suite Release 12 products. Select the Oracle application that is NOT a Sub...

Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)

There are five major business functions that occur sequentially during the natural flow of the Payables processes. Consider this list of five steps: 1. Invoice Payment 2. Invoice V...

There are many fields with important data displayed on the main page of the Payables Overview window. Which three fields do NOT appear in the Payables Overview main window? (Choose...

What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)

Identify four interface tables that are available in Oracle Payables. (Choose four.)

There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose fo...

Select three types of Payables open interfaces that will import data into Payables from other applications or third-party solutions. (Choose three.)

Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)

To set up and use Multiple Organization Access Control (MOAC) most effectively, you need to define three profile options. (Choose three.)

Select four options that can be set at the supplier site level. (Choose four.)

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

Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to r...

Identify four functions of the Invoice Validation process. (Choose four.)

A client has a requirement for their Payables application: 1) AP must automatically create balancing accounting entries for invoice and payment transactions by using the expense GL...

Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate the invoice. After this process is run, there is data that cannot be up...

Identify three invoice holds that cannot be manually released. (Choose three.)

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables...

Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)

Identify the item that requires approval through the workflow process.

Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of s...

Which five do you need to define to meet the minimum pre-requisites to create a set of books? (Choose five.)

ABC.com, the GL accountant comes to you and says that she has defined two budgets, but after selecting the budget organization in the Enter Budget Amounts form, she can select only...

Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for th...