Oracle E-Business Suite R12.1 General Ledger Essentials (1z0-516) Practice Test

Questions # 51:

Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)

Attach the fiscal calendar.

Define rows and columns.

Build a report by using rows and columns.

Specify the default ledger for ledger sets.

Determine which rows and columns make up your report.

Questions # 52:

The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

Update accounting options.

Approve accounting options.

Complete the accounting setup.

Create an accounting setup structure.

Questions # 53:

Identify three types of activities that are captured in Administration logs. (Choose three.)

creation of configuration objects

modification of Commerce process objects

deployment of configuration product families

creation of data tables

migrations with the site as target

uploading of files in File Manager

Questions # 54:

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

requires all journals to be reviewed before posting

requires review of recurring journals before posting

requires review of a journal entered in GL by the approver before posting

requires generated AutoAllocation journals to be reviewed before posting

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