1Z0-516 Practice Questions - Oracle EBS R12.1 General Ledger Essentials Valid Study Plan - Royalholidayclubbed

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1Z0-516 PDF DEMO:

QUESTION NO: 1
In the Multi-Org model, which organization type is the highest level that impacts accounting?
A. Operating Unit
B. Business Group
C. GRE/Legal Entity
D. Inventory Organization
E. Ledger
Answer: E

QUESTION NO: 2
A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.
The user can limit the list of values available to the three Operating Units by _______.
A. setting the preferred Operating Units in user preferences
B. setting the values for the MO: Operating Unit at the user level profile option
C. requesting the system administrator, to update the Operating Units in the security profile
D. setting the values for the MO: Default Operating Units at the user level profile option
E. requesting the system administrator to set up MO: Default Operating Unit for the responsibility
Answer: A

QUESTION NO: 3
ABC Corporation has set up the Accounting Key Flexfield. It has also set up a Descriptive
Flexfield to store vehicle information associated with the asset category "Vehicle". Identify three correct statements. (Choose three.)
A. The Descriptive Flexfiedl for the asset category "Vehicle" appears as a normal field on a form.
B. The combination of values in the Accounting Flexfield identifies a particular business entity or class of entities.
C. The Descriptive Flexfield for the asset category "Vehicle" captures only additional information.
D. You can define cross-validation rules to control the allowable combinations of segment values for the Accounting Flexfield.
E. The Descriptive Flexfield is called an "intelligent key structure."
Answer: B,C,D

QUESTION NO: 4
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 Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
B. The Asset Category Flexfield is owned by the Oracle Assets module.
C. Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.
D. The setting up of the Descriptive Flexfield is mandatory.
Answer: A,B

QUESTION NO: 5
Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)
A. batch transfer
B. summary journals
C. line-level records
D. detail journals
E. balances
Answer: A,B,D

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Updated: May 27, 2022

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