Free 1Z0-516: Oracle EBS R12.1 General Ledger Essentials Exam Questions and Answers

ABC Corporation is headquartered in New Dehli with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automated adjustments. Thew New Dehli office does not need a complete ledger to perform management or statutory reporting. Which four statements are true in the given scenario? (Choose four.)

Select 4 answers.

• AA. The Mumbai ledger is an adjustment-only secondary ledger.
• BB. Perform all adjustments in the Mumbai ledger.
• CC. Perform all day-to-day transactions in the New Dehli ledger.
• DD. Use ledger sets to combine transaction data and adjustment data.
• EE. Perform all day-to-day transactions and adjustments in the New Dehli ledger.
• FF. Consolidate data in the Mumbai ledger with the New Dehli ledger while reporting.

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

Select 3 answers.

• AA. It ensures reapplication of the same rules each time you transfer.
• BB. IDT provides greater flexibility by performing no validation on the imported data.
• CC. User-defined conditions enable you to control when transformation rules must be applied.
• DD. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.
• EE. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to be defined.

• AA. five
• BB. four
• CC. two
• DD. one
• EE. three

You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)

Select 2 answers.

• AA. Enable journal approval for the Journal Category window.
• BB. Disable the Journal: Find Approver Method profile option.
• CC. Enable the Journal: Allow Preparer Approval profile option.
• DD. Configure the GL journal approval process in Oracle Workflow Builder.

What are the five steps for creating MassAllocation journal entries? (Choose five.)

Select 5 answers.

• AA. posting journal entries
• BB. reviewing journal entries
• CC. validating cross-validation rules
• DD. freezing the accounting flexfield
• EE. generating MassAllocation journals
• FF. creating the MassAllocation definition
• GG. validating the MassAllocation definition

What is the correct order of execution of Configuration rules for an attribute that has both Recommendation and Constraint rules written on it?

• AA. Recommendation, Constraint, Hiding, Recommended Item
• BB. Constraint, Hiding, Recommendation, Recommended Item
• CC. Recommendation, Recommended Item, Hiding, Constraint
• DD. Hiding, Constraint, Recommendation, Recommended Item
• EE. Constraint, Recommendation, Constraint, Hiding, Recommended Item

Identify two features of an “Independent” value set. (Choose two.)

Select 2 answers.

• AA. There is a predefined list of values for a segment.
• BB. The values are stored in a product applications table.
• CC. The values are stored in an Oracle Application Object Library table.
• DD. You can enter a value other than those in the predefined list of values.

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?

• AA. results = stringtofloat (var);
• BB. results = stringtointeger (var);
• CC. results = atoi (var);
• DD. results = atof (var);

Identify the four resources that Oracle Technology Network (OTN) provides. (Choose four.)

Select 4 answers.

• AA. sample codes
• BB. Bug Database
• CC. technical articles
• DD. product downloads
• EE. product documentation
• FF. Applications Electronic Technical Reference Manuals (eTRM)

The commerce step “Pending” has four participant profiles in the following order: SalesRep, SalesManager, Owner, and Admin. The Admin profile allows access with the FullAccess user type. The Owner profile has at performer steps “start” step selected. The step has an auto-forwarding rule. A FullAccess user with the SalesGroupA and SalesManagerA groups creates a new quote and saves it, which moves the quote to “Pending”. The auto-forwarding rule returned the following two lines: SalesManagerA~Company~SalesManager SalesGroupA~Company~SalesRep Which profile will be used to display the quote in the “Pending” step to this user?

• AA. SalesManager profile
• BB. SalesRep profile
• CC. Admin profile
• DD. Owner profile