1z0-516 Oracle E-Business Suite R12.1 General Ledger Essentials exact Exam Questions

Oracle E-Business Suite R12.1 General Ledger Essentials

Last Update 17 hours ago Total Questions : 180

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Question # 31

Which two statements are false about BML? (Choose two.)

BML follows the Object-Oriented programming model

BML has characteristics of Compiled and Interpretive programming

BML is a C++ based markup language

BML does not need to be externally compiled as the application compiles the BML

Question # 32

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.)

Database links must be defined.

The same ledgers must be defined in both instances.

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

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

Question # 33

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

Ledger

Legal Entity

Operating Unit

Balancing Entity

Business Group

Question # 34

ABC Corp. has the following Organization Structure:

Legal Entity: A

Operating Units: B and C

Balancing Entities: 10, 20, and 30

Identify three correct statements regarding the Balancing Entity. (Choose three.)

Each Balancing Entity must balance within itself.

There can be multiple Balancing Entities within an Operating Unit.

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

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

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

Question # 35

When using Web Services 1.0, consider the following sequence of a client system calling CPQ Cloud WebServices.

1. Call Security Login WebServices with User ID and Password.

2. Create a Commerce updateTransaction WebServices call by using an existing transaction ID.

3. Make the following updates in the web service XML:

Set Session ID

Set “_shipTo_first_name” to “myName”

4. Submit the WebService call.

5. Call Security Logout WebServices with the Session ID to close the session.

Based on the given sequence, which two statements are true? (Choose two.)

The call in step 4 will throw an error

The Commerce transaction should be updated with the new Ship To name

The session will still be open

Step 3 does not specify an action to execute; therefore, nothing is updated in the transaction

Step 5 is unnecessary. Session ID is not needed to log out

Question # 36

When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)

The formula must be identified.

The currency must be identified.

The amount type must be identified.

A debit or credit balance type must be assigned.

Question # 37

Identify the two benefits of using Multi-Org Access Control. (Choose two.)

View asset information across multiple asset books.

Restrict access to users based on their Organization assignments.

Submit and view data across different Ledgers using a single responsibility.

Enter Payables invoices for different Operating Units using a single responsibility.

View Consolidated requisitions across Operating Units using a single responsibility.

Question # 38

Identify three features of Key Flexfields. (Choose three.)

Key Flexfields are used as identifiers for entities.

The Key Flexfield structure comprises Segments.

A Key Flexfield structure consists of multiple code combinations.

Key Flexfields appear as a single-space field enclosed in brackets.

Each segment of a Key Flexfield usually contains meaningful information.

Question # 39

Which three statements are true about the revaluation process? (Choose three.)

You must post the revaluation journal entries.

The revaluation process must be executed after the translation process has completed.

This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.

Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.