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Oracle 1Z0-516 Exam Overview:

Oracle 1Z0-516 Exam Syllabus Topics:

Oracle EBS R12.1 General Ledger Essentials: Frequently Asked Questions

Oracle EBS R12.1 General Ledger Essentials Sample Questions:

Question 1

John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company.
John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies.
What does John say to help Sam?

A. Currency Rates Manager automatically converts all transactions entered in INR to USD.
B. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.
C. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.
D. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.
E. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.

Question 2

Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

A. Inquiry of summary amounts is done online.
B. Summary relationships are not permanent.
C. You can easily reorganize summary views in the future.
D. The primary use for summarization is only for reports.
E. Use summarized data in journal formulas.

Question 3

When structuring the summary accounts hierarchy, what fact must you take into consideration?

A. You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.
B. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest detail level.
C. You must include every parent value that is defined in the chart of accounts to a rollup group.
D. Grandparenting is not allowed (parents cannot become children).

Question 4

The Related Parts data table exists in the QA environment and in the production environment. The table has 3,000 records in the QA environment and 4,000 records in the production environment.
How many records will be present in the data table in the production environment if this table is migrated from the QA environment?

A. 3,000
B. 4,000
C. 1,000
D. 7,000

Question 5

What are three valid reasons for a Configuration rule failing to execute? (Choose three.)

A. The rule's Condition attributes are hidden in Configuration Layout
B. The status of the rule is set to Inactive
C. A runtime error occurs within the rule, which is firing before the current rule
D. The attributes used in the rule are not added in Configuration Layout

Solutions: