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Oracle 1Z0-516 Exam
Exam candidates who score a passing grade on the Oracle E-Business Suite 12.1 General Ledger Essentials (1Z0-516) exam will be recognized as Oracle E-Business Suite 12 Financial Management Certified Implementation Specialists: Oracle General Ledger. This certification qualifies as competency criteria for the Oracle E-Business Suite Financial Management Specialization.
Latest Oracle 1Z0-516 Exam questions online
QUESTION 1
Jane is the financial controller of ABC Corporation. ABC Corporation has three legal entities: ABC East, ABC West, and
ABC South. She was advised by the Oracle General Ledger consultant that there is no need for any balancing segment
values to be assigned to the legal entities or ledgers. She is worried as to which values will be available for transactions
and journal entries. Identify the right option in the given scenario.
A. All balancing segment values will be available to enter transactions and journal entries.
B. No balancing segment values will be available to enter transactions and journal entries.
C. ABC East and ABC West balancing segment values will be available to enter transactions and journal entries.
D. ABC East and ABC South balancing segment values will be available to enter transactions and journal entries.
E. ABC South and ABC West balancing segment values will be available to enter transactions and journal entries.
Correct Answer: A
QUESTION 2
A debit memo reversal must be utilized to reverse the receipt if_____ .
A. Receipt is a non-invoice-related receipt
B. Receipt has an open claim associated with it
C. Receipt has been reconciled in Cash Management
D. Receipt has a remitted credit card refund application
Correct Answer: D
QUESTION 3
Identify three types of activities that are captured in Administration logs. (Choose three.)
A. creation of configuration objects
B. modification of Commerce process objects
C. deployment of configuration product families
D. creation of data tables
E. migrations with the site as target
F. uploading of files in File Manager
Correct Answer: BCE
QUESTION 4
When designing an integration with an ERP system, you must communicate with a third party integration tool (such as a
middleware or a hub).
Which three methods can be used to communicate with a middleware in this scenario? (Choose three.)
A. Automated FTP
B. DataCube Reporting
C. urldata function call in a Commerce Advanced Modification BML function
D. Commerce Integration Cloud Service Integration on an Action
E. Formula Management
F. Send XML on a Transition Rule via Real Time Integration
G. Commerce Integration XSLs on an Action
Correct Answer: CDF
QUESTION 5
A global company uses Oracle E-Business Suite Release 12 for its operations in the U.S. and Canada. The company is
now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to
set
the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control. You set the MO:
Operating Unit profile option at the _____ level.
A. Site
B. User
C. Application
D. Responsibility
Correct Answer: D
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