Free 1Z0-516 Exam Dumps

Question 11

XYZ Corp. has operations in the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario.
How would you define the organization structure for XYZ Corp. from the information given above?

A. two Ledgers, two Legal Entities, and two Operating Units
B. two Ledgers, two Legal Entities, and three Operating Units
C. two Ledgers, three Legal Entities, and two Operating Units
D. two Ledgers, three Legal Entities, and three Operating Units
E. three Ledgers, three Legal Entities, and three Operating Units

Correct Answer:D

Question 12

Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board or directors of the company.
ABC Company engages in many exports and import activities and follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott requests George, the head accountant of the company, to revalue all foreign currency transactions done during the year.
Select two prerequisites that George must comply with to ensure that the revaluation is done as desired. (Choose two.)

A. Define accounts for realized gains and realized losses.
B. Define accounts for unrealized gains and unrealized losses.
C. Define the weights for each currency used for doing transactions.
D. Define a batch under which the revaluation journals would be stored.
E. Define a revaluation rate for each currency for each period or date for which the revaluation must be run.

Correct Answer:BE

Question 13

ABC Corp. has the following Organization Structure:
1Z0-516 dumps exhibit Legal Entity: A
Operating Units: B and C
Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

A. Each Balancing Entity must balance within itself.
B. There can be multiple Balancing Entities within an Operating Unit.
C. Balancing Entity is the lowest postable unit in the Chart of Accounts.
D. Balancing Entities can be automatically secured at the Legal Entity level.
E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

Correct Answer:ABE

Question 14

A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?

A. 1
B. 3
C. 15
D. 12
E. 11

Correct Answer:B

Question 15

Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

A. secures user access to data
B. supports fixed asset management
C. procures from one Legal Entity and receives in another
D. supports multiple language installations of Oracle Applications
E. supports any number of business units within a single installation

Correct Answer:ACE