Online 1Z0-516 Practice TestMore Oracle Products >

Free Oracle 1Z0-516 Exam Dumps Questions

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

- Get instant access to 1Z0-516 practice exam questions

- Get ready to pass the Oracle EBS R12.1 General Ledger Essentials exam right now using our Oracle 1Z0-516 exam package, which includes Oracle 1Z0-516 practice test plus an Oracle 1Z0-516 Exam Simulator.

- The best online 1Z0-516 exam study material and preparation tool is here.

4.5

(5010 ratings)

Question 1

XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is “product.” Select the element that would meet this need.

A. row set

B. row order

C. content set

D. column set

Correct Answer:B

Question 2

ABC Inc. 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-end is on a Friday, but the last day of each quarter is always on the last day of the quarter's final calendar month.
Select the remaining setup for the calendar to meet the requirement.

A. defining 12-monthly periods based on the 4-5-4 calendar ending on the last day of each month; defining an adjusting period on the last day of each quarter

B. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; defining four adjusting periods for March 31 of the fiscal year

C. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; defining an adjusting period on the last Friday of each quarter

D. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except for the last month of each quarter ending on the last day of the month; defining an adjusting period for each of the last day of the quarter

Correct Answer:D

Question 3

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.

Correct Answer:AB

Question 4

Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

A. enable one-time definition of objects

B. are referenced by several Oracle Application modules

C. are defined in each Oracle Application module separately

D. are owned by a single Oracle Application module for table purposes only

E. are owned by a single Oracle Application module to designate the primary user or decision maker

Correct Answer:ABD

Question 5

Identify two places where you can define a legal entity. (Choose two.)

A. set of books

B. data access set

C. Legal Entity Configurator

D. HRMS organization setup

E. Accounting Setup Manager

Correct Answer:CE

Question 6

During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.
Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

A. Define Value Sets and assign them to Segments.

B. Define Segments in the Accounting FlexField structure.

C. Qualify one of the Segments as the Balancing Segment.

D. The Key Flexfield Segments have to be enabled and displayed.

E. Select the “Allow Dynamic Inserts” check box in the Accounting Key Flexfield structure.

Correct Answer:E

START 1Z0-516 EXAM