Oracle EBS R12.1 General Ledger Essentials - 1Z0-516 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger.
John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

A. Transfer adjustment data from the secondary ledger to the primary ledger while running reports. B. Merge the primary ledger and the secondary ledger, and run reports. C. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports. D. Transfer transactional data from the primary ledger to the secondary ledger while running reports.

Discussion 0

Correct Answer: C Vote an answer

Question 2

You want to add multiple sections to your Document Designer template, and you want the sections in the template without page breaks between each section.
How should you accomplish this?

A. Select the Continuous Section check box in the Section Properties panel for each subsequent section following the first section in the series B. Select the Child Section check box in the Section Properties panel for each subsequent section following the first section in the series C. You do not have to do anything because this is the default behavior in Document Designer D. Add each section to the template and manually remove the page breaks at the end of each section E. Add the first section in the series and select the Continuous Section check box in the Section Properties panel

Discussion 0

Correct Answer: A Vote an answer

Question 3

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

A. data access set B. Accounting Setup Manager C. Legal Entity Configurator D. set of books E. HRMS organization setup

Discussion 0

Correct Answer: B,C Vote an answer

Question 4

A client wants customers to be able to select a laptop category from a drop-down list in the Product Configuration section. After the laptop category is selected, all laptops within that category need to be displayed without the user having to do any more selections.
Which option meets this requirement?

A. Util library function B. Commerce library function C. Auto Update D. Formula Administration

Discussion 0

Correct Answer: A Vote an answer

Question 5

Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

A. The primary use for summarization is only for reports. B. Summary relationships are not permanent. C. Inquiry of summary amounts is done online. D. You can easily reorganize summary views in the future. E. Use summarized data in journal formulas.

Discussion 0

Correct Answer: A,D Vote an answer

Question 6

What standard functionality would you use to align attribute labels on a configuration screen to that they are evenly distributed vertically?

A. Add HTML attributes and use </br> B. Add read-only text area attributes in the layout with the required dimensions C. Use CSS D. Add spacers in the Configuration Layout and define spacer height

Discussion 0

Correct Answer: A Vote an answer

Question 7

Identify two features of an "Independent" value set. (Choose two.)

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

Discussion 0

Correct Answer: A,D Vote an answer

Question 8

Identify the different types of data that can be processed using the GL Interface. (Choose three.)

A. vendors B. intercompany C. currency codes D. statistical E. budget F. rates

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 9

Using standard functionality, how do you prevent a user from manually adding or removing rows in an array set?

A. by selecting the "Disable user override" property on the configurable array set editor page B. by hiding the control attribute C. by using CSS to hide icons D. by hiding the control attribute and marking it as a forced set

Discussion 0

Correct Answer: B Vote an answer

Question 10

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

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 11

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formul a. What would be your response?

A. You can do this only if there is a summary account associated with the parent. B. You can customize the workflow and then do this. C. Whether you can do this depends on the responsibility. D. You can do this only if Allow Dynamic Insert is enabled. E. Whether you can do this depends on the formula.

Discussion 0

Correct Answer: A Vote an answer

Question 12

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 = atof (var); C. results = atoi (var); D. results = stringtointeger (var);

Discussion 0

Correct Answer: D Vote an answer

Question 13

Select three levels where additional reporting currency representations can be maintained. (Choose three.)

A. journal B. batch C. balance D. subledger

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 14

Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

A. enhances data security B. has each activity in a workflow as a PL/SQL function or a notification or a subprocess C. can integrate business functions only between business processes within a single company D. helps you focus on managing individual business transactions E. can integrate business processes within an enterprise, as well as between different organizations and different systems

Discussion 0

Correct Answer: B,E Vote an answer