Free Oracle 1Z0-516 Exam Questions

Become Oracle Certified with updated 1Z0-516 exam questions and correct answers

Page: 1 / 37

Total 185 Questions | Updated On: Feb 19, 2025

Add To Cart

Question 1

During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible

for converting historical account balances into Oracle General Ledger from a legacy system. There is no

Account Code Combination setup in the Production Instance.

Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

A : fine Value Sets and assign them to Segments

B : fine Segments in the Accounting FlexField structure

C : alify one of the Segments as the Balancing Segment

D : Key Flexfield Segments have to be enabled and displayed

E : lect the “Allow Dynamic Inserts” check box in the Accounting Key Flexfield structure

Answer: A

Question 2

Which three statements are true about the revaluation process? (Choose three.)

A : u must post the revaluation journal entries

B : revaluation process must be executed after the translation process has completed.

C : is process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.

D : valuation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate

Answer: A,C,D

Question 3

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 : able the security on definition by selecting the enable security check box

B : move the security on definition by deselecting the enable security check box.

C : clude the assign access function for those definitions from the user's responsibility

D : fine security rules and specify what actions can be performed by each user or a group of users

E : t up profile options against each user and specify what actions can be performed by each user or a group of users

Answer: C

Question 4

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 : call in step 4 will throw an error

B : Commerce transaction should be updated with the new Ship To name

C : session will still be open

D : ep 3 does not specify an action to execute; therefore, nothing is updated in the transaction

E : ep 5 is unnecessary. Session ID is not needed to log out

Answer: A,C

Question 5

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

A : ether you can do this depends on the formula.

B : u can customize the workflow and then do this.

C : ether you can do this depends on the responsibility

D : u can do this only if Allow Dynamic Insert is enabled

E : u can do this only if there is a summary account associated with the parent.

Answer: A

Page: 1 / 37

Total 185 Questions | Updated On: Feb 19, 2025

Add To Cart