Oracle 1Z0-516 Free Practice Questions

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
Which three activities would use summary accounts? (Choose three.)

• A. creating a monthly recurring standard journal entry to amortize goodwill
• B. allocating the total monthly costs of the Information Services department to other departments
• C. estimating a sales commission accrual based on the total of all product sales for each division
• D. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Answer: BCD

NEW QUESTION 3
You set the GL: Journal Review Required profile option to “Yes.” Identify the result.

• A. requires all journals to be reviewed before posting
• B. requires review of recurring journals before posting
• C. requires review of a journal entered in GL by the approver before posting
• D. requires generated AutoAllocation journals to be reviewed before posting

Answer: D

NEW QUESTION 4
Given the following function: replace(str, old, new, [n]) What does [n] specify?

• A. an array of the old values
• B. the number of occurrences of the old that will be replaced from the beginning
• C. the number of occurrences of the old that will be skipped from the beginning
• D. an array of the new values

Answer: D

NEW QUESTION 5
Which three statements are true regarding simple Table-Based BOM Mapping Configuration rules? (Choose three.)

• A. They can generate a child BOM item in the BOM instance only if its parent BOM item is also included
• B. They can support a multi-level hierarchical BOM structure
• C. They can be defined at the Product Family level
• D. They can map multiple BOM items to an individual row in an array set of Configuration attributes
• E. They can be used alongside Advanced BML-Based BOM Mapping rules

Answer: BCE

NEW QUESTION 6
Select two statements that are correct for the secondary tracking segment. (Choose two.)

• A. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.
• B. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.
• C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
• D. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
• E. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

Answer: CD

NEW QUESTION 7
What is the order of execution when a new transaction is created?

• A. main doc integration, advanced main doc default BML, attribute defaults
• B. advanced main doc default BML, attribute defaults, main doc integration
• C. process integration, attribute defaults, advanced main doc default BML
• D. attribute defaults, advanced main doc default BML, process integration
• E. process integration, advanced main doc default BML, attribute defaults
• F. process integration, attribute defaults, advanced main doc default BML, main doc integration

Answer: D

NEW QUESTION 8
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.

• A. five
• B. four
• C. two
• D. one
• E. three

Answer: A

NEW QUESTION 9
Which three discount types are available in pricing? (Choose three.)

• A. percent discount
• B. quantity-dependent discount
• C. amount discount
• D. promotion discount
• E. absolute price

Answer: ABC

NEW QUESTION 10
A customer sets up a BOM mapping for a Configuration model using a single simple Table-Based BOM Mapping Configuration rule, as well as the BOM Item Definition and BOM Item Mapping Tables. When reviewing their implementation, they notice the following:
The BOM Root Items Administration List shows the root BOM item and its child BOM items correctly.
No errors are displayed. (Accessed from Admin > Products > BOM > BOM Root Items List)
The BOM Mapping Administration List shows no root BOM item or child BOM items. No errors are displayed. (Accessed from the BOM Mapping rule’s “Save and View Details” button)
Which filed have they incorrectly populated in their BOM Mapping Tables?

• A. “Configurable Attribute Variable Name” in the BOM Item Mapping Table
• B. “Parent BOM Map Variable Name” in the BOM Item Mapping Table
• C. “Root Variable Name” in the BOM Item Definition Table
• D. “Parent Variable Name” in the BOM Item Definition Table
• E. “Part Number” in the BOM Item Definition Table
• F. “BOM Item Variable Name” in the BOM Item Mapping Table

Answer: D

NEW QUESTION 11
Which operation is allowed in a BMQL query?

• A. SELECT, INSERT, and DELETE
• B. SELECT and UPDATE
• C. SELECT, INSERT, and UPDATE
• D. SELECT

Answer: B

NEW QUESTION 12
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 13
Based on default values, which statement is false about automatic FTP (File Transfer Protocol) processing in CPQ Cloud?

• A. You must upload file to the automated folder on the FTP server
• B. You must list files in the order in which they should be processed in the upload_list.xml file
• C. FTP uploads are processed every 90 minutes
• D. You can use the Bulk Data service to extract the file format and upload it via FTP automation

Answer: D

NEW QUESTION 14
You are the Human Resources lead for the ERP Implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

• A. Approvals
• B. Asset assignment
• C. Organization creation
• D. Journal Entry creation
• E. AutoCreate Purchase Orders

Answer: ABE

NEW QUESTION 15
Which two are true about elimination? (Choose two.)

• A. You can define balancing options for eliminating entries.
• B. You can define an elimination set to contain one elimination entry.
• C. Currency is an optional component when defining an elimination set.
• D. You must specify an elimination company in the Elimination Sets window.

Answer: AB

NEW QUESTION 16
Your sales users want to print a Proposal document from a transaction in their preferred languages.
What are the Oracle-recommended steps necessary to address this use case using Document Designer where the template structure differs for each language?

• A. Create language-specific templates with different names, provide translations and design for each of these templates, link these templates to a single print action by using a printer-friendly XSL view.
• B. Create language-specific templates with the same name, provide translations and design for each of these templates, link these templates to a print action by using the printer-friendly XSL view.
• C. Create a multi-language template, provide translation for each language, and link this template to the Print action by using the printer-friendly XSL view.
• D. Create language-specific templates with different names, provide translations for each of these templates, and link these templates to a single print action each by using printer-friendly XSL views.

Answer: C

NEW QUESTION 17
A use case requires displaying 250 rows of data to a user and allowing the user to interact with the data in a mobile interface.
What is the Oracle-recommended method for displaying an interactive 250-row data set in a Configurator?

• A. You do not have a good option because 250 rows are too much to display on the screen of a Configurator
• B. Use an array set to show this data
• C. Split the data into two array sets and use logic to show the relevant set of data
• D. Use an HTML attribute to display the data and use JavaScript to create interactivity

Answer: C

NEW QUESTION 18
John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger.
John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

• A. Merge the primary ledger and the secondary ledger, and run reports.
• B. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.
• C. Transfer transactional data from the primary ledger to the secondary ledger while running reports.
• D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.

Answer: D

NEW QUESTION 19
Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary.
What is the next logical step in the period-close process?

• A. opening the next period
• B. closing the current period
• C. revaluing foreign currency balances
• D. translating to the functional currency
• E. consolidating to the parent set of books

Answer: C

NEW QUESTION 20
Identify three values that you can find in the Usage Metrics Report for the last month. (Choose three.)

• A. The number of transactions for different Commerce processes created by internal users and partner organization users
• B. The number of logins by internal users in the last 30 days and the percentage of active users logged in
• C. The total data size of the CPQ site occupied on the server
• D. A list of active partner organization users with the most recent login date and time and the number of logins
• E. The total number of partner organizations and the number of active partner organizations
• F. The number of configurations completed for different product families by internal users and partner organization users

Answer: ABC

NEW QUESTION 21
Identify four types of attributes that can be set by formulas. (Choose four.)

• A. Currency Attributes
• B. Boolean Attributes
• C. Text Attributes
• D. Date Attributes
• E. Single Select Menu Attributes
• F. Integer Attributes

Answer: ABDF

NEW QUESTION 22
You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to maintain an additional ledger for management reporting and analysis purposes.
They want all their department managers in the US to use the additional ledger to book internal management adjustments that are not published in their financial statements.
Choose two statements that are true in the given scenario. (Choose two.)

• A. The secondary ledger contains day-to-day transactions.
• B. The primary ledger must contain only management adjustments.
• C. The secondary ledger represents the complete management picture.
• D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.
• E. Use ledger sets to combine primary and secondary ledgers to get the complete management picture.

Answer: DE

NEW QUESTION 23
Identify two standard ways to modify the overall integration behavior of CPQ Cloud and Salesforce. (Choose two.)

• A. Use the Site Setup object and CPQ Cloud Commerce Package settings in Salesforce to meet varying customer requirements
• B. Write a Salesforce API to change integration behavior in CPQ Cloud
• C. Use the integration XSLs within the Commerce process to modify integration behavior at the object and field levels
• D. Write a custom BML Util library function in CPQ Cloud

Answer: AC

NEW QUESTION 24
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