1Z0-516 Oracle Exam Questions and Free Practice Test

Question 7

A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?

A. 1

B. 3

C. 15

D. 12

E. 11

Correct Answer:B

Question 8

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

Correct Answer:ABE

Question 9

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 create a rollup group named “Cash.”
Which summary account template would you create to review the cash balances by company? (D: Detail)
(T: Total)

A. D-D-D-Cash

B. T-T-T-Cash

C. D-T-D-Cash

D. T-D-T-Cash

E. T-D-D-Cash

F. D-T-T-Cash

Correct Answer:F

Question 10

The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period.
You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What
Explanation do you give?

A. The budget year is open.

B. The budget status is frozen.

C. The budget status is current.

D. The Require Budget Journal profile option is set at the set of books level.

Correct Answer:A

Question 11

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

Correct Answer:ACDE

Question 12

Identify the two benefits of using Multi-Org Access Control. (Choose two.)

A. View asset information across multiple asset books.

B. Restrict access to users based on their Organization assignments.

C. Submit and view data across different Ledgers using a single responsibility.

D. Enter Payables invoices for different Operating Units using a single responsibility.

E. View Consolidated requisitions across Operating Units using a single responsibility.

Correct Answer:DE

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