Question 1

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

Options :

A : Whether you can do this depends on the formula.

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 : You can do this only if there is a summary account associated with the parent.

Answer: A

Question 2

Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is

setting up FSG reports to be used by different users.

One of the customer requirements is that all users with modify access must not be able to modify privileges on

FSG reports.

Identify the correct option to meet customer requirements

Options :

A : Enable the security on definition by selecting the enable security check box

B : Remove the security on definition by deselecting the enable security check box.

C : Exclude the assign access function for those definitions from the user-s responsibility

D : Define security rules and specify what actions can be performed by each user or a group of users

E : Set up profile options against each user and specify what actions can be performed by each user or a group of users

Answer: C

Question 3

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

Options :

A : Natural accounts were defined as parent values

B : Natural accounts were defined to not allow posting.

C : Natural accounts were defined with an incorrect account type

D : Natural accounts were defined to store both statistical and monetary values.

Answer: C

Question 4

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.

Options :

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

Answer: A

Question 5

Identify three values that you can find in the Usage Metrics Report for the last month. (Choose three.)

Options :

A : The number of transactions for different Commerce processes created by internal users and partner organization users

B : The number of logins by internal users in the last 30 days and the percentage of active users logged in

C : The total data size of the CPQ site occupied on the server

D : A list of active partner organization users with the most recent login date and time and the number of logins

E : The total number of partner organizations and the number of active partner organizations

F : The number of configurations completed for different product families by internal users and partner organization users

Answer: A,B,C

Higher Test Marks with Free Online 1Z0-516 Exam Practice

Buying Options: