Free Oracle 1Z0-516 Exam Questions

Become Oracle Certified with updated 1Z0-516 exam questions and correct answers

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Total 185 Questions | Updated On: Sep 08, 2022

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Question 1

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

A : quires all journals to be reviewed before posting

B : quires review of recurring journals before posting

C : quires review of a journal entered in GL by the approver before posting

D : quires generated AutoAllocation journals to be reviewed before posting

Answer: D

Question 2

Your customer has sales organizations in two countries.

The customer wants to make sure that users from one country have access only to quotes from that country.

How do you achieve this?

A : fine two groups: Country A and Country B. For each step, define two different participant profiles: Profile A and Profile B. For each profile, select one matching group

B : de Transaction Manager in CPQ and make sure that all access to quotes is performed from the CRM system where you can easily define which quotes should be visible for different users

C : fine different steps (for example, Pending A and Pending B) for each country. The participant profile of each step allows access through user groups (either Group A or Group B depending on the step). Using transition rules, make sure that quotes for Country A are always moved to steps belonging to that country

D : fine two groups: Country A and Country B. Define a participant profile, Sales, for each step. Define an auto-forwarding rule which returns either “Group A~company~Sales” or “Group B~company~Sales”.

Answer: A

Question 3

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?

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

B : u can customize the workflow and then do this.

C : ether you can do this depends on the responsibility

D : u can do this only if Allow Dynamic Insert is enabled

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

Answer: A

Question 4

When designing an integration with an ERP system, you must communicate with a third party integration tool

(such as a middleware or a hub).

Which three methods can be used to communicate with a middleware in this scenario? (Choose three.)

A : tomated FTP

B : taCube Reporting

C : ldata function call in a Commerce Advanced Modification BML function

D : mmerce Integration Cloud Service Integration on an Action

E : rmula Management

F : nd XML on a Transition Rule via Real Time Integration

G : Commerce Integration XSLs on an Action

Answer: A,C,D

Question 5

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 : tural accounts were defined as parent values

B : tural accounts were defined to not allow posting.

C : tural accounts were defined with an incorrect account type

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

Answer: C

Page: 1 / 37

Total 185 Questions | Updated On: Sep 08, 2022

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