1Z0-516 Exam Questions
780 real 1Z0-516 exam questions with expert-verified answers and explanations. Page 2 of 16.
- Question #51
Which three statements are true about the revaluation process? (Choose three.)
- Question #52
The GL user entered a taxable journal and posted it. Later the user realizes that he entered a wrong tax code. What should he do?
- Question #53
You have the following information: - The Accounting flexfield structure is Company-Department-Product- Account. - Product has two rollup groups: Domestic and International. - Depa...
- Question #54
Which two statements would be true when helping a customer make implementation decisions for General Ledger? (Choose two)
- Question #55
During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and...
- Question #56
Select the three true statements about mapping rules. (Choose three.)
- Question #57
What are two benefits of using the Journals Import: Group By Effective Date profile option? (Choose two.)
- Question #58
You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a presence in many countries worldwide, and has transactions in multiple curren...
- Question #59
ABC.com wants to compare actual amounts against their budgeted amounts. Which reporting or query options would provide that detail? (Choose two.)
- Question #60
What is true about the budgetary control summary account template's indication that funds are available?
- Question #61
US.-based ABC.com wants to consolidate the U.K. subsidiary accounting and the China subsidiary accounting into the U.S. parent accounting information. Both foreign subsidiaries and...
- Question #62
ABC.com, the GL accountant, comes to you and asks whether she can use the Constant (C) segment type with parent segment values while defining the mass allocation formula. What is y...
- Question #63
ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States, France, and Spain. You...
- Question #64
Which three are true about the Global Consolidation System? (Choose three.)
- Question #65
Select the two minimum set up steps for intercompany accounting. (Choose two.)
- Question #66
ABC.com, the GL accountant, says that she has defined the budget and she wants her assistant accountants to enter and update budgets, but she does not want this budget to be the de...
- Question #67
The clients GL accountant, George, is responsible for taking care of recurring journals. He comes to you with a problem. He defined a recurring journal batch, and after that he gen...
- Question #68
Your client would like a consolidation process to consolidate operations in the UK and US. Your client requires a summary of transactions from both companies. Company 01 is located...
- Question #69
A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about an Accounts Payable in...
- Question #70
For which two business reasons would you use reporting hierarchies instead of summary accounts? (Choose two.)
- Question #71
Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. Wh...
- Question #72
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...
- Question #73
Which four statements are true about the Global Intercompany System AutoAccounting Rules? (Choose four.)
- Question #74
What does the elimination program enable you to do? (Choose all that apply.)
- Question #75
Which three statements are true about mapping rules? (Choose three.)
- Question #76
ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States, France, and Spain. You...
- Question #77
During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and...
- Question #78
What does the elimination program enable you to do? (Choose all that apply.)
- Question #79
What are the possible posting options in Oracle General Ledger?
- Question #80
ABC.com, the GL accountant comes to you and says that she is running the tests to check budget functionality. She says that the GL period is closed, but she was able to post the bu...
- Question #81
You work as a DBA for ABC.com. Please study the exhibit carefully. Choose the correct set of events, in their correct order, for the accounting process.
- Question #82
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 #83
ABC.com's global chart of accounts structure includes the Company (balancing) segment and Intercompany segment (with Intercompany segment qualifier) in order to properly identify t...
- Question #84
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 #85
A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about an Accounts Payable in...
- Question #86
Which two actions would you perform using the Column Set Builder? (Choose two.)
- Question #87
ABC.com is a national company with five divisions that share the same set of books. Select the statement that best describes the consolidation process for ABC.com.
- Question #88
Which type(s) of journal entry does General Ledger automatically reverse and post?
- Question #89
All of the manual journal entries are defaulting to a non current period. Which step was omitted from the accounting cycle?
- Question #90
Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?
- Question #91
During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in th...
- Question #92
ABC.com wants to ensure that no changes are made to unposted journals that come in from their subledgers. At which setup can you control this?
- Question #93
Which four does Oracle Consolidation enable you to consolidate? (Choose four.)
- Question #94
After running the Payables Accounting Process and posting the Journal Import, the accountant determines that several invoices have not been transferred to the General Ledger. Which...
- Question #95
Which action is part of the Projects tieback process?
- Question #96
ABC.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report is automatically created. Identify three components that the report Create Journal...
- Question #97
Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)
- Question #98
An auditor has asked the payables manager to provide detail that supports the Oracle Payables Liability amount listed on the balance sheet. Which report would best meet the auditor...
- Question #99
Which three activities would use summary accounts? (Choose three.)
- Question #100
ABC.com has many parent segment values with a large number of child values in each parent. ABC.com is having problems running reports. Which profile option would enable better perf...