1Z0-516 Oracle Exam Questions and Free Practice Test

Question 31

In which two locations are the keywords for mobile processing of quotes defined when setting up approvals? (Choose two.)

A. Mobile Approval Email Notification

B. Submit sub-action - Reject

C. Submit sub-action - Approve

D. Submit sub-action – Submit for Approval

Correct Answer:BC

Question 32

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.

Correct Answer:A

Question 33

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?

A. two Ledgers, two Legal Entities, and two Operating Units

B. two Ledgers, two Legal Entities, and three Operating Units

C. two Ledgers, three Legal Entities, and two Operating Units

D. two Ledgers, three Legal Entities, and three Operating Units

E. three Ledgers, three Legal Entities, and three Operating Units

Correct Answer:D

Question 34

Identify three correct statements about the Operating Unit in a Multi-Org model of Oracle E-Business Suite Release 12. (Choose three.)

A. It is the highest level in the Multi-Org structure.

B. It is an organization type that secures transaction data.

C. An Operating Unit can be assigned to multiple Legal Entities.

D. An Operating Unit can be associated with a single Legal Entity.

E. Multiple Operating Units can be assigned to a single responsibility.

Correct Answer:BDE

Question 35

Identify four consolidation tools. (Choose four.)

A. Interface Data Transformer

B. Global Consolidation System

C. Global Intercompany System

D. Financial Statement Generator

E. Applications Desktop Integrator

Correct Answer:ABDE

Question 36

In the course of Implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program.
What two requirements are necessary to run this program? (Choose two.)

A. Database links must be defined.

B. The same ledgers must be defined in both instances.

C. Enable the FSG: AutoCopy profile option in the production environment.

D. The same row and column sets must exist in the production environment.

Correct Answer:AB

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