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1Z0-516 PDF DEMO:

QUESTION NO: 1
The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period.
You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?
A. The Require Budget Journal profile option is set at the set of books level.
B. The budget status is frozen.
C. The budget year is open.
D. The budget status is current.
Answer: C

QUESTION NO: 2
Select two statements that are true about Test Script found in a function debugger. (Choose two.)
A. Test Script is template of how the BML function should be written
B. Test Script provides a way to test a BML Library function when array type attributes are input parameters
C. Test Script describes the various functions used in BML
D. Test Scripts can be used to compute multiple iterations of the library functions and print each
Answer: B,C

QUESTION NO: 3
A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?
A. 1
B. 11
C. 12
D. 15
E. 3
Answer: E

QUESTION NO: 4
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

QUESTION NO: 5
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

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Updated: May 27, 2022

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