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Vendor	:	Oracle
Exam Code	:	1Z0-516
Exam Name	:	Oracle EBS R12.1 General Ledger(R) Essentials
Questions and Answers	:	773 Q & A
Updated On	:	December 14, 2017
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1Z0-516 Questions and Answers

QUESTION: 360

The Accounting Flexfield of ABC Corporation is: Company. Department. Account. Cost Center. Identify four correct statements. (Choose four.)

1. Company is a segment in the combination.
2. The account code combination is a Key Flexfield.
3. The account code combination is identified by a structure.
4. The account code combination is a Key Flexfield as well as a Descriptive Flexfield.
5. The Flexfield appears on your form as a two-character-wide text field with brackets [ ] as its prompt.
6. Existing values for the Accounting Flexfield appear as a concatenated value having segment separators.

Answer: A, B, C, F

QUESTION: 361

Identify two correct statements regarding Function Security. (Choose two.)

1. Defines access controls through roles
2. Is built on the role-based access control layer
3. Is the base layer of access control in Oracle Applications
4. Restricts user access to individual menus and menu options
5. Restricts user access to data within menus and menu options

Answer: C, D

QUESTION: 362

You are the manufacturing lead for XYZ's implementation of Oracle E-Business Suite Release

12. Your client has these requirements:

1. Create a production plan.
2. Analyze Sales Order information.
3. Calculate capacity load ratio by resource or production line.
4. Analyze resources, materials, costs, and job schedule progress.
   Identify the two flows you would implement to accomplish these requirements. (Choose two.)
   
   
   1. Click to Order
   2. Order to Cash
   3. Procure to Pay
   4. Forecast to Plan
   5. Demand to Build

Answer: D, E

QUESTION: 363

Identify three correct statements regarding Oracle E-Business Suite Release 12. (Choose three.)

1. Can run entirely on the Internet
2. A minimum of two modules needs to be implemented for an organization
3. Is engineered to work as an integrated system on a single IT infrastructure
4. Supports multidirectional flows of business information within an organization

Answer: A, C, D

QUESTION: 364

Identify three features of Daily Business Intelligence. (Choose three.)

1. Provides a cross-enterprise reporting capability
2. Requires a data warehouse setup for its implementation
3. Creates a separate subset of transactions in a new database
4. Is based on a single, transactional database for all products and customers
5. Provides planning, execution, and reporting capabilities to optimize business performance

Answer: A, D, E

QUESTION: 365

Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

1. Ledger
2. Sales Force
3. Unit of Measure
4. Invoice Sources
5. Oracle Application Object Library (AOL)

Answer: A, B, C, E

QUESTION: 366

Identify three characteristics of Oracle HTML-based Applications (formerly known as Self- Service Applications). (Choose three.)

1. Use Oracle Forms for interface
2. Use metadata dictionary for flexible layout
3. Operate by direct connection to Web server
4. Ability to re-establish dropped network connections
5. Dynamically generate HTML pages by executing Java code

Answer: B, C, E

QUESTION: 367

ABC Inc. added a new Operating Unit to its existing Multi-Org Access-enabled responsibility. When users logged in using their existing responsibility, they could not see the new Operating Unit in the list of values. What could be the cause?

1. Security List Maintenance was not run.
2. The Set MO: Operating Unit profile was not defined.
3. The Set Multi-Org Preferences profile was not defined.
4. The Set MO: Default Operating Unit profile was not defined.
5. The Set MO: Security profile was not defined for the responsibility.

Answer: A

QUESTION: 368

Identify two types of data that can be purged by running the "Purge Obsolete Workflow Runtime Data" concurrent program. (Choose two.)

1. Errored work items
2. Inactive work items
3. Deferred work items
4. Completed work items
5. Expired users and roles

Answer: D, E

QUESTION: 369

Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

1. Enhances data security
2. Helps you focus on managing individual business transactions
3. Has each activity in a workflow as a PL/SQL function or a notification or a subprocess
4. Can integrate business functions only between business processes within a single company
5. Can integrate business processes within an enterprise, as well as between different organizations and different systems

Answer: C, E

QUESTION: 370

You are on the road traveling to an OAUG conference. You have received a notification in plain text on your mobile device to approve PO requisition from the Oracle E-Business Suite Release 12 instance. Identify the key information in your reply email that is required to process your response.

1. Your reply message must include approval comments.
2. Your reply message must include electronic signature from your mobile device.
3. Your reply message must include Notification ID and Access key from the original notification. D. Your reply message must include Notification ID and PO requisition number from the original notification.

E. Your reply message must include your login password to the Oracle E-Business Suite Release 12 instance.

Answer: C

QUESTION: 371

Select four areas found in the DATA_TOP directory in Oracle E-Business Suite Release 12. (Choose four.)

1. Redo log files
2. Data tablespace
3. Index tablespaces
4. Product directories
5. System tablespace

Answer: A, B, C, E

QUESTION: 372

XYZ Corp. has operations in the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario. How would you define the organization structure for XYZ Corp. from the information given above?

1. Two Ledgers, two Legal Entities, and two Operating Units
2. Two Ledgers, two Legal Entities, and three Operating Units
3. Two Ledgers, three Legal Entities, and two Operating Units
4. Two Ledgers, three Legal Entities, and three Operating Units
5. Three Ledgers, three Legal Entities, and three Operating Units
   
   

   Answer: D

   
   

   QUESTION: 373

   ABC Inc. is in the process of consolidating the financial data entry functions. There are three divisions: A, B, and C. They are defined as three separate Operating Units that share a Legal Entity and a Business Group. To meet your client's requirement, you perform these actions:
   1. Create a standard security profile and assign it to the three Operating Units.
   2. Consolidate responsibilities and assign the MO:Security Profile option with the security profile created.
      
      
   3. Run the Security List Maintenance program.
   4. Create a global security profile and assign it to the three Operating Units. Select the sequence of steps to be performed.

A. 1, 2, 4

B. 4, 2, 3

C. 4, 3, 2

D. 1, 2, 3

E. 1, 3, 2

Answer: E

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Qustion No. 1

A _____ is a container for a unique set of information on a Daily Business Intelligence overview page. 

A. Report 

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D. Key Performance Indicator 

Answer: B

 

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The tables for the Customer Master are owned by _____. 

A. Oracle Receivables 

B. Oracle Order Management 

C. Oracle Trading Community Architecture 

D. Oracle Customer Relationship Management 

Answer: C

 

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Which two actions would you perform by using the column set builder function? (Choose two.) 

A. assigning accounts 

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Oracle Fusion Intelligence Release 12 is a set of new Application products and one of the first of the Fusion Applications. Select four features that Oracle Fusion Intelligence Release 12 provides. (Choose four.) 

A. Guided drilldown 

B. Integrated security 

C. Workflow notifications 

D. Guided navigation and action links 

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Answer: ABDE

 

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Joe is the controller of ABCm, 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.) 

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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 

Answer: BFHJ

 

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License:Shareware $99.99
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