1Z0-516 Oracle Exam Questions and Free Practice Test

Question 19

ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books.
What conversion method would you use?

A. Use journal-level secondary ledger conversion.

B. Use subledger-level secondary ledger conversion.

C. Use adjustment-level secondary ledger conversion.

D. Use both subledger-level and adjustment-level secondary ledger conversion.

Correct Answer:A

Question 20

ABC Corp. has the following Organization Structure:
1Z0-516 dumps exhibit Legal Entity: A
Operating Units: B and C
Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

A. Each Balancing Entity must balance within itself.

B. There can be multiple Balancing Entities within an Operating Unit.

C. Balancing Entity is the lowest postable unit in the Chart of Accounts.

D. Balancing Entities can be automatically secured at the Legal Entity level.

E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

Correct Answer:ABE

Question 21

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

Correct Answer:C

Question 22

Given the following code:
1Z0-516 dumps exhibit
Which function, when filled in the blank, will return a value of 1?

A. arrayfind

B. findinsidearray

C. findarray

D. findinarray

Correct Answer:C

Question 23

What two options do you have when searching for multiple parts on the Parts Administration page? (Choose two.)

A. Use “*” and/or “?” as wildcards

B. Type the start string of a part numbe

C. The search will return all parts starting with this text

D. Use “_” and/or “%” as wildcards

E. Use regular expressions (RegEx) to describe a search pattern

F. You can leave the field empty, which will return all parts

Correct Answer:BD

Question 24

Identify three true statements regarding Multiple Organization reporting. (Choose three.)

A. Cross Organization reports and multiple Organization reports are the same.

B. Cross Organization reports can be submitted for a Reporting Level of Ledger.

C. Multiple Organization reports can be submitted for a Reporting Level of Ledger.

D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.

E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.

F. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.

Correct Answer:BDE

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