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Oracle Other Certification
1z0-516
Oracle E-Business Suite R12.1 General Ledger Essentials Questions and Answers

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Questions # 11:

A multi-select attribute with five options is displayed as check boxes. Depending on the conditions, the Configurator should show a user three of these five options.

How do you accomplish this?

Options:

by writing a Recommendation rule

by writing a Constraint rule

by writing a Hiding rule

by writing a Pricing rule

Answer

Questions # 12:

The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger.

They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes.

As an implementation consultant, what one recommendation would you make to meet the above requirement?

Options:

Create two primary ledgers with the standard cash method.

Create two primary ledgers with the standard accrual method.

Create a primary ledger with standard cash, and a reporting ledger with standard accrual.

Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.

Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.

Answer

Questions # 13:

Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

Options:

balances

batch transfer

detail journals

line-level records

summary journals

Answer

B, C, E

Questions # 14:

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?

Options:

“Configurable Attribute Variable Name” in the BOM Item Mapping Table

“Parent BOM Map Variable Name” in the BOM Item Mapping Table

“Root Variable Name” in the BOM Item Definition Table

“Parent Variable Name” in the BOM Item Definition Table

“Part Number” in the BOM Item Definition Table

“BOM Item Variable Name” in the BOM Item Mapping Table

Answer

Questions # 15:

During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative.

Identify the solution that must be implemented to meet the customer's requirements.

Options:

Inform the customer that this requirement would require a customization.

Select the change sign check box for the related row or column definition.

Deselect the change sign check box for the related row or column definition.

Create a journal by doubling the values wherever the report is displaying negative numbers.

Answer

Questions # 16:

Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)

Options:

Ledger

Legal Entity

Operating Unit

Reporting Level

Reporting Context

Answer

D, E

Questions # 17:

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

Options:

updating the period

posting journal entries

consolidating financials

reversing journal entries

translating foreign balances

Answer

Questions # 18:

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

Options:

You can delete the budget and the budget organization after they have been defined.

You cannot delete the budget or the budget organization after either has been defined.

You cannot delete a budget after it has been defined. However, you can delete a budget organization.

You cannot delete a budget organization after it has been defined. However, you can delete a budget.

Answer

Questions # 19:

Identify two ways in which you can display a message to a user while using simple table-based lookups for an attribute. (Choose two.)

Options:

defining an advanced BML (CPQ Cloud Language) function for that attribute

setting the message type as Static Entry when selecting an attribute to populate

setting the message type as Table Column when selecting an attribute to populate

defining a static text message for that attribute

Answer

B, D

Questions # 20:

You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting.

Identify the best option for primary and secondary ledgers.

Options:

Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting requirements.

Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger to satisfy corporate reporting requirements.

Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-only secondary ledger to satisfy statutory reporting requirements.

Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-only secondary ledger to satisfy corporate reporting requirements.

Answer

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