1Z0-516 Exam Questions

Identify the Receivable interface table into which the receipt information contained in the bank file can be loaded by using a SQL*Loader script.

Your client is implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by...

Tina is entering a receipt and she determines that a short payment on a customer's invoice should be considered an invoice deduction. Tina applies the cash to the customer's open i...

Computer Operations Inc. has its headquarters in Frankfurt. It uses two ledgers: one for corporate accounting (primary) and another for statutory reporting (secondary). Both ledger...

AutoAccounting automatically generates accounting flexfields for Receivables transactions. Identify four accounts generated by AutoAccounting. (Choose four.)

Choose the correct sequence of the budget accounting cycle in Oracle applications. (A) Freeze budgets. (B) Define budgets and budget organization. (C) Review and correct budgets. (...

ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating to Assets, HRMS, Inventory, vendors, and customers. They also have budgetary con...

Journal creation rules in Subledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.

Your client is using Oracle Trading Community Architecture (TCA) relationship manager to create and manage relationships among parties. However, your client is having difficulty un...

Your client has requested that you set up gapless numbering for its invoices. In your testing, you realized that the numbers for deleted invoices were missing from the sequence. Ho...

ABC Enterprise closes its books on March 31st. These activities have been identified to be performed for the closure of books. 1) post 2) translate 3) review 4) consolidate 5) reva...

The GL accountant tells you that he has defined two budgets. After selecting the budget organization in the Enter Budget Amounts form, he can select only one budget from the list o...

There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional. Which two setup steps are optional? (Choose two.)

When you assign a template to a rule in Bill Presentment Architecture, you enter a range of ___.

Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirement is to restrict three of the analysts from creating chargebacks or adju...

All receipts that fail validation during AutoLockbox processing remain in the _____ table.

Which three statements are true about accounting rules? (Choose three.)

You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a material transaction that was completed on the last business day of the closing p...

Select four mandatory requirements for creating ledgers in Oracle General Ledger. (Choose four.)

When you enter a journal, the journals in that batch _____.

Your client has set up Oracle Lease Management (OKL) and Oracle Credit Management (OCM) without scoring models. Which three tasks can be successfully completed by Oracle Workflow i...

Identify four steps involved in the setup for late charges. (Choose four.)

Which four transaction types or activities are affected by the "AR : Disable Receivable Activity Balancing Segment" profile option? (Choose four.)

Select two correct journal types to be used based on the context provided. (Choose two.)

You are setting up Receivable Accounting Events in Subledger Accounting. Identify the Event Entity.

Identify three setups in Oracle Receivables that control how discounts are calculated. (Choose three.)

Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

There are three invoice correction methods: underinvoicing, overinvoicing, and invalid transactions. Which option lists all the correct underinvoicing choices?

After creating a number of Financial Statement Generator reports, ABC Company wants a list of the definitions for one specific account. Identify the report that would provide this...

AutoInvoice does not import Receivables invoices from the interfaces. Identify two reasons that can cause AutoInvoice to fail. (Choose two.)

Invoice batching provides checks and balances that are not available in a single invoice. Choose two reasons why you might want to enter invoices in batches. (Choose two.)

After reviewing an incomplete invoice entered last week by her assistant, Jovi clicked the Complete button in the Transactions window. What are three changes this would create in O...

Your client wants to import paid invoices from its legacy system to Oracle Receivables. It does not want to post the paid invoices to GL or update the customer balances. How would...

AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP. At the end of the year, AB...

XYZ Enterprises, a US-based export firm, has two offices in the US (East) and the US (West). They use their primary ledger for their US operations, and an additional ledger for man...

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...

You reviewed all the reconciliation reports for month-end close. Identify the correct sequence of actions you would undertake to close the month.

A user attempted to close the Accounts Receivable accounting period and received an error. What could be the cause of the error?

Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)

Your client occasionally charges sales tax erroneously to some customers. The client's current process involves manually issuing a credit memo to correct the customer's account. Cu...

Which is the correct sequence of steps in planning your summary accounts? (1) planning the summary account structure (2) planning the parent segment values and rollup groups needed...

To properly associate one transaction type with another in Receivables, you have to define transaction types in a specific order. Identify the correct order.

Your client has requested that you set up a relationship type that would allow any party within the relationship to pay for the accounts of any other party. Identify the relationsh...

Select two correct statements for the management segment qualifier in Oracle General Ledger. (Choose two.)

Which two statements are true about invoicing rules and accounting rules? (Choose two.)

After registering new data sources, you must complete your Bill Presentment Architecture by creating database views. How many database views can you create for each data source?

Which three payment terms validations are performed by AutoInvoice for imported balance forward billing (BFB) transactions? (Choose three.)

Which three statements are true about AutoInvoice? (Choose three.)

How many data source views can you register for the Lines data source in Bill Presentment Architecture?

Which three statements are true about data conversion rules? (Choose three.)