Oracle 1Z0-516 Certification Sample Questions and Answers

1Z0-516 PDF, 1Z0-516 Dumps PDF Free Download, 1Z0-516 Latest Dumps Free PDF, E-Business Suite (EBS) General Ledger Essentials PDF DumpsThe Oracle E-Business Suite General Ledger Essentials (1Z0-516) Sample Question Set is designed to help you prepare for the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle General Ledger certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-516 Certification Practice Exam.

This Oracle E-Business Suite R12.1 General Ledger Essentials certification sample practice test and sample question set are designed for evaluation purposes only. If you want to test your Oracle 1Z0-516 knowledge to identify your areas of improvement and get familiar with the actual exam format, we suggest you prepare with the Premium Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle General Ledger Certification Practice Exam. Our team of Oracle E-Business Suite experts has designed Questions-Answers for this premium practice exam by collecting inputs from recently certified candidates. Our premium Oracle 1Z0-516 certification practice exam will boost your confidence as well as your actual Oracle E-Business Suite General Ledger Essentials exam result.

Oracle 1Z0-516 Sample Questions:

01. Which two parameters facilitate cross organization reports in a Multi-Org environment?
(Choose two.)
a) Security Profile
b) Operating Unit
c) Reporting Level
d) Legal Entity
e) Ledger
 
02. 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) three Ledgers, three Legal Entities, and three Operating Units
b) two Ledgers, two Legal Entities, and three Operating Units
c) two Ledgers, two Legal Entities, and two Operating Units
d) two Ledgers, three Legal Entities, and two Operating Units
e) one Ledgers, three Legal Entities, and three Operating Units
 
03. The management segment qualifier must be attached to which key flexfield segment?
a) Any segment
b) company segment
c) account segment
d) future segment
e) intercompany segment
 
04. 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 to not allow posting.
b) Natural accounts were defined to store both statistical and monetary values.
c) Natural accounts were defined as parent values.
d) Natural accounts were defined with an incorrect account type.
 
05. Which item is NOT available as a search criterion in the Find Consolidation Process window?
a) parent period
b) parent calendar
c) elimination sets
d) balance type
e) mapping sets
 
06. You set the GL: Journal Review Required profile option to “Yes.” Identify the result.
a) requires review of recurring journals before posting
b) requires all journals to be reviewed before posting
c) requires review of a journal entered in GL by the approver before posting
d) Requires generated journals to be reviewed before posting
 
07. Select two components that are required to create the accounting setup by using Accounting Setup Manager.
(Choose two.)
a) data access sets
b) operating units
c) ledgers
d) subledger accounting method
e) definition access sets
 
08. When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform?
(Choose two.)
a) The currency must be identified.
b) A debit or credit balance type must be assigned.
c) The amount type must be identified.
d) The formula must be identified.
 
09. All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
a) consolidating financials
b) posting journal entries
c) updating the period
d) reversing journal entries
e) translating foreign balances
 
10. Identify two features of a Value Set that has a validation type of “None.”
(Choose two.)
a) It has an approved list of values associated with it.
b) The entered value must meet the formatting requirements.
c) Users can enter any value that they want even if it does not meet formatting requirements.
d) The Flexfield value security rules cannot be used for a segment that uses this Value Set.

Answers:

Question: 01

Answer: a, c

Question: 02

Answer: e

Question: 03

Answer: a

Question: 04

Answer: d

Question: 05

Answer: b

Question: 06

Answer: d

Question: 07

Answer: c, d

Question: 08

Answer: b, c

Question: 09

Answer: c

Question: 10

Answer: c, d

 

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