1Z0-516 Exam - Oracle EBS R12.1 General Ledger Essentials

NEW QUESTION 1
Your users receive a notification for a transaction from CPQ when an approval has been retracted and is no longer needed.
The notification contains a generic message about this action. However, users would like to get more details about the transaction.
What is the Oracle-recommended best practice to fulfill this requirement in CPQ?

• A. Switch the system-generated email-to-email template, which will include the desired transaction information when approvers are notified.
• B. Trigger an email action to notify users by custom defining the email’s subject and body, which contain the transaction details, by using the advanced function available in the Revise action.
• C. When a transaction needs to be revised, allow the transaction owner to send a parallel email to approvers, which should include the necessary transaction details.

Answer: B

NEW QUESTION 2
Which four attributes are validated during the Journal Import process? (Choose four.)

• A. period
• B. approval level
• C. balanced journal
• D. cross-validation rule
• E. account combination
• F. journal sequence number

Answer: ACDE

NEW QUESTION 3
How should an administrator set up a conditional restriction for access to a Product Family?

• A. by providing conditional access criteria in the Restricted Access section of the home page setup
• B. by setting up a restricted profile and user group in Commerce and hiding the add, reconfigure, and delete product options
• C. by writing a Constraint rule at the Product Family level
• D. by hiding the model Punch-In on the home page by using JavaScript

Answer: A

NEW QUESTION 4
Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary.
What is the next logical step in the period-close process?

• A. opening the next period
• B. closing the current period
• C. revaluing foreign currency balances
• D. translating to the functional currency
• E. consolidating to the parent set of books

Answer: C

NEW QUESTION 5
A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

• A. Ledger
• B. Chart of Accounts
• C. Multi-Org Structure
• D. Accounting Convention
• E. Financial Accounting Calendar

Answer: D

NEW QUESTION 6
Identify two ways in which you can display a message to a user while using simple table-based lookups for an attribute. (Choose two.)

• A. defining an advanced BML (CPQ Cloud Language) function for that attribute
• B. setting the message type as Static Entry when selecting an attribute to populate
• C. setting the message type as Table Column when selecting an attribute to populate
• D. defining a static text message for that attribute

Answer: BD

NEW QUESTION 7
Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose
three.)

• A. Define operating units.
• B. Update accounting options.
• C. Complete the accounting setup.
• D. Define intercompany balancing rules.
• E. Create the accounting setup structure.
• F. Assign balancing segment values to legal entities.

Answer: BCE

NEW QUESTION 8
You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies.
The implementation team decides that the GL multi-currency setup will be a part of the implementation. John, a junior consultant helping you in the implementation effort, tells you that he is testing the system and
entering journals in USD, Yen, and Euros.
He says that he is able to enter journals in USD and Euros, but not in Japanese Yen. What possible
Explanation can you provide to John for this?

• A. Yen has not been enabled.
• B. Rate types have not been defined for Yen.
• C. Daily rates have not been entered for Yen.
• D. Workflow must be customized for journals to be entered in Yen.

Answer: A

NEW QUESTION 9
Which three BOM Mapping Tables are required to map Configuration attributes to BOM items and Commerce Transaction Line attributes using a simple Table-Based BOM Mapping Configuration rule? (Choose three.)

• A. BOM Attribute Translation
• B. BOM Attribute Mapping
• C. BOM Attribute Definition
• D. BOM Item Definition
• E. BOM Item Mapping

Answer: ABD

NEW QUESTION 10
Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)

• A. Ledger
• B. Legal Entity
• C. Operating Unit
• D. Reporting Level
• E. Reporting Context

Answer: DE

NEW QUESTION 11
Given the following code:

Which function, when filled in the blank, will return a value of 1?

• A. arrayfind
• B. findinsidearray
• C. findarray
• D. findinarray

Answer: C

NEW QUESTION 12
ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report is automatically created.
Identify three components on which the Create Journal Entries Execution report reports. (Choose three.)

• A. Budget Journals
• B. Posted Journals report
• C. Payables encumbrance entries
• D. Purchasing encumbrance entries

Answer: ACD

NEW QUESTION 13
Which three activities would use summary accounts? (Choose three.)

• A. creating a monthly recurring standard journal entry to amortize goodwill
• B. allocating the total monthly costs of the Information Services department to other departments
• C. estimating a sales commission accrual based on the total of all product sales for each division
• D. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Answer: BCD

NEW QUESTION 14
A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments:
Company (5 values)
Cost Centers (30 values)
Region (4 values)
Account (180 values)
The total number of cash accounts is five that are associated with two parents: Three accounts are associated with the parent called “Checking.”
Two accounts are identified with the parent called “Savings.”
To combine the cash parents, you created a rollup group named “Cash.”
How many accounts would the summary account template generate?

• A. 10
• B. 40
• C. 60
• D. 240
• E. 1200

Answer: A

NEW QUESTION 15
Which two are true about elimination? (Choose two.)

• A. You can define balancing options for eliminating entries.
• B. You can define an elimination set to contain one elimination entry.
• C. Currency is an optional component when defining an elimination set.
• D. You must specify an elimination company in the Elimination Sets window.

Answer: AB

NEW QUESTION 16
A customer sets up a BOM mapping for a Configuration model using a single simple Table-Based BOM Mapping Configuration rule, as well as the BOM Item Definition and BOM Item Mapping Tables. When reviewing their implementation, they notice the following:
The BOM Root Items Administration List shows the root BOM item and its child BOM items correctly.
No errors are displayed. (Accessed from Admin > Products > BOM > BOM Root Items List)
The BOM Mapping Administration List shows no root BOM item or child BOM items. No errors are displayed. (Accessed from the BOM Mapping rule’s “Save and View Details” button)
Which filed have they incorrectly populated in their BOM Mapping Tables?

• A. “Configurable Attribute Variable Name” in the BOM Item Mapping Table
• B. “Parent BOM Map Variable Name” in the BOM Item Mapping Table
• C. “Root Variable Name” in the BOM Item Definition Table
• D. “Parent Variable Name” in the BOM Item Definition Table
• E. “Part Number” in the BOM Item Definition Table
• F. “BOM Item Variable Name” in the BOM Item Mapping Table

Answer: D

NEW QUESTION 17
You are the Human Resources lead for the ERP Implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

• A. Approvals
• B. Asset assignment
• C. Organization creation
• D. Journal Entry creation
• E. AutoCreate Purchase Orders

Answer: ABE

NEW QUESTION 18
Which three statements are true about the revaluation process? (Choose three.)

• A. You must post the revaluation journal entries.
• B. The revaluation process must be executed after the translation process has completed.
• C. This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.
• D. Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.

Answer: ACD

NEW QUESTION 19
Consider the following requirements for integration with Salesforce:
Transaction information needs to be pushed back to Salesforce and synchronized.
You must be able to synchronize a transaction with up to 1,000 lines back to the Opportunity Product object in Salesforce.
On the basis of these requirements, which three XSL sets should you use to provide the integration?

• A. SFDC Opportunity - Upload
• B. SFDC Quote – Process Updates
• C. SFDC Products – Upsert All (200, 400, 600, 800, 1000)
• D. SFDC Opportunity – Import
• E. SFDC Quote - Upsert

Answer: C

NEW QUESTION 20
Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses.
Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.
situation and clarifies it to John.
Choose what Sam would have explained to John.

• A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.
• B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.
• C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.
• D. It is not possible to transfer amount from one account to another unless the absolute amount is known.So John should have calculated 80% of the stationery account and then tried to make the transfer.

Answer: B

NEW QUESTION 21
Given the following code:

Which statement will return the value for results as 25.0 when it is put in place of the blank line shown above the “}else{“ statement?

• A. results = stringtofloat (var);
• B. results = stringtointeger (var);
• C. results = atoi (var);
• D. results = atof (var);

Answer: B

NEW QUESTION 22
Identify two features of an “Independent” value set. (Choose two.)

• A. There is a predefined list of values for a segment.
• B. The values are stored in a product applications table.
• C. The values are stored in an Oracle Application Object Library table.
• D. You can enter a value other than those in the predefined list of values.

Answer: AC

NEW QUESTION 23
Identify three features of a Value Set. (Choose three.)

• A. Value Sets are mandatory.
• B. Value Sets must contain a list of values.
• C. Value Sets control the values for many report parameters.
• D. The same Value Set can be shared between different FlexFields.
• E. A Value Set is a definition of the values approved for entry by a particular Flexfield Segment.

Answer: CDE

NEW QUESTION 24
The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

• A. Update accounting options.
• B. Approve accounting options.
• C. Complete the accounting setup.
• D. Create an accounting setup structure.

Answer: ACD

NEW QUESTION 25
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