Leading 1Z0-516 Faq 2021

NEW QUESTION 1
Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

• A. Use summarized data in journal formulas.
• B. Summary relationships are not permanent.
• C. Inquiry of summary amounts is done online.
• D. The primary use for summarization is only for reports.
• E. You can easily reorganize summary views in the future.

Answer: DE

NEW QUESTION 2
The management segment qualifier must be attached to which key flexfield segment?

• A. future segment
• B. account segment
• C. company segment
• D. department segment
• E. intercompany segment

Answer: D

NEW QUESTION 3
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.)

• A. Each Balancing Entity must balance within itself.
• B. There can be multiple Balancing Entities within an Operating Unit.
• C. Balancing Entity is the lowest postable unit in the Chart of Accounts.
• D. Balancing Entities can be automatically secured at the Legal Entity level.
• E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

Answer: ABE

NEW QUESTION 4
Given the following code:

Which function, when filled in the blank, will return a value of 1?

• A. arrayfind
• B. findinsidearray
• C. findarray
• D. findinarray

Answer: C

NEW QUESTION 5
Which two scenarios are valid for looping by using XSL Snippets? (Choose two.)

• A. The data needs to be manipulated before, being used in loop conditions
• B. The grid selector cannot handle the conditions that you need to implement
• C. The data in the line item grid must be displayed as a table
• D. You want to display a table of single-select, quote-level Commerce attributes

Answer: AB

NEW QUESTION 6
Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

• A. Ledger
• B. Sales Force
• C. Unit of Measure
• D. Invoice Sources
• E. Oracle Application Object Library (AOL)

Answer: ABCE

NEW QUESTION 7
ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category “Vehicle.” Identify two correct statements. (Choose two.)

• A. The setting up of the Descriptive Flexfield is mandatory.
• B. The Asset Category Flexfield is owned by the Oracle Assets module.
• C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
• D. Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.

Answer: BC

NEW QUESTION 8
Identify the two benefits of using Multi-Org Access Control. (Choose two.)

• A. View asset information across multiple asset books.
• B. Restrict access to users based on their Organization assignments.
• C. Submit and view data across different Ledgers using a single responsibility.
• D. Enter Payables invoices for different Operating Units using a single responsibility.
• E. View Consolidated requisitions across Operating Units using a single responsibility.

Answer: DE

NEW QUESTION 9
Select three levels where additional reporting currency representations can be maintained. (Choose three.)

• A. batch
• B. journal
• C. balance
• D. subledger

Answer: BCD

NEW QUESTION 10
Identify the three actions that you can perform using the consolidation workbench. (Choose three.)

• A. Access the state controller.
• B. Change the chart of accounts.
• C. Create consolidations sets, which launch multiple consolidations in a single step.
• D. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.

Answer: ACD

NEW QUESTION 11
Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.
One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports.
Identify the correct option to meet customer requirements.

• A. Enable the security on definition by selecting the enable security check box.
• B. Remove the security on definition by deselecting the enable security check box.
• C. Exclude the assign access function for those definitions from the user's responsibility.
• D. Define security rules and specify what actions can be performed by each user or a group of users.
• E. Set up profile options against each user and specify what actions can be performed by each user or a group of users.

Answer: C

NEW QUESTION 12
ABC Inc. added a new Operating Unit to its existing Multi-Org Access-enabled responsibility. When users logged in using their existing responsibility, they could not see the new Operating Unit in the list of values.
What could be the cause?

• A. Security List Maintenance was not run.
• B. The Set MO: Operating Unit profile was not defined.
• C. The Set Multi-Org Preferences profile was not defined.
• D. The Set MO: Default Operating Unit profile was not defined.
• E. The Set MO: Security profile was not defined for the responsibility.

Answer: A

NEW QUESTION 13
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.)

• A. The call in step 4 will throw an error
• B. The Commerce transaction should be updated with the new Ship To name
• C. The session will still be open
• D. Step 3 does not specify an action to execute; therefore, nothing is updated in the transaction
• E. Step 5 is unnecessar
• F. Session ID is not needed to log out

Answer: CE

NEW QUESTION 14
You have implemented a Commerce Constraint rule, which has an Advanced action. While testing, you find that the attribute values specified in the rule are not being constrained, even though the condition is always true.
What are two reasons for this behavior? (Choose two.)

• A. The attribute is used as a condition for a Commerce Hiding rule
• B. Configuration was not deployed after the rule was implemented
• C. Commerce was not deployed after the rule was implemented
• D. The rule is inactive

Answer: AD

NEW QUESTION 15
Identify three features of Key Flexfields. (Choose three.)

• A. Key Flexfields are used as identifiers for entities.
• B. The Key Flexfield structure comprises Segments.
• C. A Key Flexfield structure consists of multiple code combinations.
• D. Key Flexfields appear as a single-space field enclosed in brackets.
• E. Each segment of a Key Flexfield usually contains meaningful information.

Answer: ABE

NEW QUESTION 16
Identify the three reports that can be processed using the State Controller window. (Choose three.)

• A. Consolidation Audit
• B. Consolidations Journal
• C. Consolidation Financial
• D. Consolidation Exceptions
• E. Consolidation Balance Inquiry

Answer: ABD

NEW QUESTION 17
ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options.
UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.

• A. Create an account-level reporting currency.
• B. Create a subledger-level reporting currency.
• C. Create a journal-level reporting currency for every transaction.
• D. Create a balance-level reporting currency and run general ledger translation.

Answer: B

NEW QUESTION 18
The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

• A. Update accounting options.
• B. Approve accounting options.
• C. Complete the accounting setup.
• D. Create an accounting setup structure.

Answer: ACD

NEW QUESTION 19
Jack is hired as an Oracle General Ledger Implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

• A. key flexfields
• B. Journal Sources form
• C. Journal Categories form
• D. Journal Encumbrance Types form
• E. Journal approval on the Ledger Setup page

Answer: BE

NEW QUESTION 20
What is the correct order of execution of Configuration rules for an attribute that has both Recommendation and Constraint rules written on it?

• A. Recommendation, Constraint, Hiding, Recommended Item
• B. Constraint, Hiding, Recommendation, Recommended Item
• C. Recommendation, Recommended Item, Hiding, Constraint
• D. Hiding, Constraint, Recommendation, Recommended Item
• E. Constraint, Recommendation, Constraint, Hiding, Recommended Item

Answer: D

NEW QUESTION 21
ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing.
ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll.
An accrual journal entered on 29-Apr-05 will be reversed on the _________.

• A. first day of the next period
• B. next day in the same period
• C. next business day in the same period
• D. next business day in the same period or the next period, based on the transaction calendar

Answer: D

NEW QUESTION 22
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

Answer: A

NEW QUESTION 23
What is the correct method to add new parts data to the CPQ Cloud database?

• A. Use the “Import from Source” function in the Migration Center to connect to the remote part system and upload the part data into a .csv file, put the .csv file in a compressed ZIP file, and use Bulk Upload to upload the part data to the CPQ Cloud site.
• B. Use the “Import from Source” function in the Migration Center to connect to the remote part system and upload the part data directly to the CPQ Cloud database.
• C. Perform a bulk-download of at least one part to capture the part file format that the CPQ Cloud site uses, populate the new part data into the downloaded part file (.csv file), enter “add” in the Update column for each new part, save the spreadsheet as a .csv file, put the .csv file in a compressed zip file, and use Bulk Upload to upload the part data to the CPQ Cloud site.
• D. Export the part data from your current part system into a .csv file, put the .csv file into a compressed zip file, and use Bulk Upload to upload the part data to the CPQ Cloud site.
• E. Use Bulk Upload to upload the data from the remote part system into a .csv file and import the file into the CPQ Cloud site.

Answer: A

NEW QUESTION 24
ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books.
What conversion method would you use?

• A. Use journal-level secondary ledger conversion.
• B. Use subledger-level secondary ledger conversion.
• C. Use adjustment-level secondary ledger conversion.
• D. Use both subledger-level and adjustment-level secondary ledger conversion.

Answer: A

NEW QUESTION 25
The Related Parts data table exists in the QA environment and in the production environment. The table has 3,000 records in the QA environment and 4,000 records in the production environment.
How many records will be present in the data table in the production environment if this table is migrated from the QA environment?

• A. 1,000
• B. 7,000
• C. 4,000
• D. 3,000

Answer: C

NEW QUESTION 26
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