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Oracle E-Business Suite R12.1 General Ledger Essentials

Last Update 17 hours ago Total Questions : 180

The Oracle E-Business Suite R12.1 General Ledger Essentials content is now fully updated, with all current exam questions added 17 hours ago. Deciding to include 1z0-516 practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 41

A customer sets up a BOM mapping for a Configuration model using a single simple Table-Based BOM Mapping Configuration rule, as well as the BOM Item Definition and BOM Item Mapping Tables. When reviewing their implementation, they notice the following:

    The BOM Root Items Administration List shows the root BOM item and its child BOM items correctly. No errors are displayed. (Accessed from Admin > Products > BOM > BOM Root Items List)

    The BOM Mapping Administration List shows no root BOM item or child BOM items. No errors are displayed. (Accessed from the BOM Mapping rule’s “Save and View Details” button)

Which filed have they incorrectly populated in their BOM Mapping Tables?

A.

“Configurable Attribute Variable Name” in the BOM Item Mapping Table

B.

“Parent BOM Map Variable Name” in the BOM Item Mapping Table

C.

“Root Variable Name” in the BOM Item Definition Table

D.

“Parent Variable Name” in the BOM Item Definition Table

E.

“Part Number” in the BOM Item Definition Table

F.

“BOM Item Variable Name” in the BOM Item Mapping Table

Question # 42

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.

Question # 43

For a multi-language Document Designer template, which of the following two activities are possible for the nondefault language view?

A.

Modify date and currency formats

B.

Move text elements between elements and layouts

C.

Add new image element in a section

D.

Add or remove table element’s rows and columns

E.

Change text content

Question # 44

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 = stringtointeger (var);

C.

results = atoi (var);

D.

results = atof (var);

Question # 45

You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France.

The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals.

What would be the minimum number of setups needed to meet this need?

A.

four

B.

two

C.

one

D.

three

Question # 46

In the Multi-Org model, which organization type is the highest level that impacts accounting?

A.

Ledger

B.

Operating Unit

C.

Business Group

D.

GRE/Legal Entity

E.

Inventory Organization

Question # 47

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?

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.

Question # 48

You set the GL: Journal Review Required profile option to “Yes.” Identify the result.

A.

requires all journals to be reviewed before posting

B.

requires review of recurring journals before posting

C.

requires review of a journal entered in GL by the approver before posting

D.

requires generated AutoAllocation journals to be reviewed before posting

Question # 49

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

Question # 50

A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

A.

Ledger

B.

Chart of Accounts

C.

Multi-Org Structure

D.

Accounting Convention

E.

Financial Accounting Calendar

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