Free 1Z0-516 Exam Dumps

Question 26

Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

A. have similar ledger processing options
B. open and close periods simultaneously
C. have tax requirements that are specific for a legal entity
D. require autonomous document sequencing for a legal entity
E. operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes

Correct Answer:ABE

Question 27

Identify three true statements regarding Multiple Organization reporting. (Choose three.)

A. Cross Organization reports and multiple Organization reports are the same.
B. Cross Organization reports can be submitted for a Reporting Level of Ledger.
C. Multiple Organization reports can be submitted for a Reporting Level of Ledger.
D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.
E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.
F. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.

Correct Answer:BDE

Question 28

You have implemented a Commerce Constraint rule, which has an Advanced action. While testing, you find that the attribute values specified in the rule are not being constrained, even though the condition is always true.
What are two reasons for this behavior? (Choose two.)

A. The attribute is used as a condition for a Commerce Hiding rule
B. Configuration was not deployed after the rule was implemented
C. Commerce was not deployed after the rule was implemented
D. The rule is inactive

Correct Answer:AD

Question 29

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

A. Update accounting options.
B. Approve accounting options.
C. Complete the accounting setup.
D. Create an accounting setup structure.

Correct Answer:ACD

Question 30

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

A. You can maintain daily rates and historical rates more easily.
B. You get improved efficiency with the help of the spreadsheet interface.
C. You can maintain consistency among different currency conversion rates.
D. Additional security ensures that historical rates can be uploaded to closed or future periods only.
E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.

Correct Answer:ABC