1Z0-516 Online Practice Questions and Answers

Which format will datetostr(getdate()) return when no format is supplied?

A. DD/mm/yyyy HH:mm:ss

B. HH:mm:ss MM/dd/yyyy

C. HH:mm:ss DD/mm/yyyy

D. MM/dd/yyyy HH:mm:ss

Which relationship group would you assign to allow each party to pay for its own transactions, as well as the transactions of all parties that are lower in the hierarchy (children, grandchildren, and so on)?

A. Pay group

B. Pay below

C. Pay without

D. Pay parties

AutoAccounting automatically generates accounting flexfields for Receivables transactions.

Identify four accounts generated by AutoAccounting. (Choose four.)

A. Tax

B. Freight

C. Payable

D. Discount

E. Revenue

F. Receivable

Which three payment terms validations are performed by AutoInvoice for imported balance forward billing (BFB) transactions? (Choose three.)

A. The transaction is stamped with legal entity information.

B. All transactions are batched by batch source name and request ID.

C. Transactions with balance forward billing payment terms having the external billing cycle have a billing date.

D. Transactions with balance forward billing payment terms have balance forward billing enabled at the account and site profiles.

E. Transactions with nonbalance forward billing payment terms for balance forward customers have the override terms check box selected.

ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing,

Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash

Management will be implemented. Select three business flows that would involve these products. (Choose three.)

A. Click to Order

B. Order to Cash

C. Procure to Pay

D. Project to Profit

E. Demand to Build

F. Campaign to Order

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

A. batch

B. journal

C. balance

D. subledger

In the context of adding, deleting, and disabling secondary ledgers, select two valid statements. (Choose two.)

A. The subledger accounting method must be assigned if defining a balance- or journal-level subledger.

B. The subledger accounting method must be assigned only to the secondary ledger in case of defining a subledger journals-level secondary ledger.

C. The subledger accounting method must not be assigned if defining an adjustments-only secondary ledger for manual adjustments in General Ledger.

D. The subledger accounting method need not be assigned to the primary ledger for assigning a subledger accounting method to the adjustments-only secondary ledger.

E. The subledger accounting method must be assigned to both primary and secondary ledgers to use the adjustments-only secondary ledger for both manual and automated adjustments from subledger accounting.

ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing.

ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an

effective date rule of roll.

An accrual journal entered on 29-Apr-05 will be reversed on the __________.

A. first day of the next period

B. next day in the same period

C. next business day in the same period

D. next business day in the same period or the next period, based on the transaction calendar

Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

A. balances

B. batch transfer

C. detail journals

D. line-level records

E. summary journals

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.