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Oracle 1Z0-516 Exam Questions & Answers

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Oracle 1Z0-516 Exam Questions & Answers

Exam Name: Oracle EBS R12.1 General Ledger Essentials

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QUESTION 1One of your Certpaper.com co-workers, Tim, is working to define and develop Financial Statement Generatorreports where the budget amounts and actual amounts would display on the report per period. Tim comes toyou and says that he has defined an FSG report according to the client's requirements; the actual amounts arecorrectly shown, but the problem is that budget amounts are not showing up on the report. What is yourresponse?

A. Budget status is Frozen.B. The budget name needs to be associated with the row set through control values.C. There is some issue with the assignment of accounts to the budget organization.D. The first fiscal year of the budget was never opened.E. The last fiscal year of the budget is Closed.

Correct Answer: BSection: (none)Explanation

Explanation/Reference:

QUESTION 2Jason, the corporate controller of Certpaper.com where you are implementing Oracle General Ledger,Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany System (GIS). Hewrote some notes from a conversation with his accounting manager about GIS. He wants you to validate whichpoints he has written down about GIS are true. Identify Jason's three correct points. (Choose three.)

A. GIS enables intercompany transactions to be approved after transfer from AP and AR.B. Unlike intercompany accounting within the same set of books, GIS only works between sets of books but

not within the same set of books.C. Intercompany journals are created automatically as soon as they are approved.D. You can set up GIS so that the sender's transactions do not need to be approved by the receiver.E. If a sender approves the transaction but the receiver rejects it, the transaction is recalled.F. Each company that uses GIS must be set up as a subsidiary that is associated with a balancing segment

value.G. You can optionally send notifications to a defined user or responsibility when an intercompany transaction is

initiated.

Correct Answer: DFGSection: (none)Explanation


QUESTION 3One of Certpaper.com's clients wants the ability to report with Financial Statements Generator (FSG) andperform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is agroup of cost centers and a business unit manager typically has several cost centers under his or herresponsibility. Which option will meet the client's requirements?

A. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Certkey.com - MakeYou Succeed To Pass IT ExamsCertkey 1Z0-516Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center

values or Summary Accounts.B. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent

cost centers. Create FSG based on the Rollup Groups.C. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based

on the parent cost centers. Create FSG based on the parent cost center values.D. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent

cost centers. Create FSG based on the parent cost center values.E. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the

parent cost centers. Create FSG based on the parent cost center values or Summary Accounts.

Correct Answer: ASection: (none)Explanation


QUESTION 4Which report would provide information about the processing type (parallel or sequential) that may be definedfor reports?

A. Report Detail ListingB. Content Set Summary ListingC. Row Set Summary Listing



QUESTION 5After you determine your needs and organize your summary account structure, which General Ledger tools canyou use to define parent-child values and rollup groups?

A. Analyzer Hierarchies, Account Hierarchy Manager or Account Hierarchy Editor (provided ApplicationsDesktop Integrator is installed).

B. Mass Maintenance, Analyzer Hierarchies, or Account Hierarchy ManagerC. Mass Maintenance or Account Hierarchy ManagerD. Mass Maintenance or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).E. Account Hierarchy Manager or Account Hierarchy Editor (provided Applications Desktop Integrator is

installed).

Correct Answer: ESection: (none)Explanation


QUESTION 6The Consolidation Workbench enables you to _____, _____, and _____. (Choose three.)


A. access the State ControllerCertkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. create consolidations sets, which launch multiple consolidations in a single stepC. create multilevel hierarchies, which you can view using the graphical Consolidation Hierarchy ViewerD. change the chart of accounts

Correct Answer: ABCSection: (none)Explanation


QUESTION 7Certpaper.com wants to define a consolidation process for its enterprise. It has two sets of books: Set of BooksA and Set of Books B.Both sets of books will use Oracle General Ledger.Set of Books A has three companies with the same calendar and chart of accounts as Set of Books B.Set of Books A has USD as its currency.Set of Books B has four companies with the same chart of accounts and calendar as Set of Books A.Set of Books B has GPD as its currency.Select the consolidation method.

A. Interface Data TransformerB. Global Intercompany SystemC. Oracle Financial AnalyzerD. Financial Statement Generator

Correct Answer: DSection: (none)Explanation


QUESTION 8You are implementing Oracle General Ledger at Certpaper.coms site. Certpaper.com is based in the US buthas a global presence in many countries worldwide, and has transactions in multiple currencies. Theimplementation team decides that GL multi currency setup will be part of the implementation. The GLaccountant approaches you to discuss multiple reporting currencies (MRC); he wants to implement MRC andlink the primary set of books with the reporting set of books. Additionally, he says that the primary and reportingsets of books all have different calendars but share the same chart of accounts. What response do youprovide?

A. The primary and reporting set of books must share the same calendar and chart of accounts.B. There is no problem in satisfying this requirement.

C. The primary and reporting set of books must share the same currency and chart of accounts.D. The primary and reporting set of books must share the same calendar, currency and chart of accounts.

Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 9Certpaper.com is a $2 million company operating from the U.S., and has one set of books. It is spinning offfrom its parent company and will be operating as an independent company. It is considering implementingOracle Financials but wants the product to work exactly in the same way as its legacy systems from its parentcompany. What considerations should be presented to ABC in order for it to make a well-informed decision?(Choose all that apply.)

A. Patching is simplified on a non-customized Oracle implementation.B. Adding customizations to replicate the legacy system could increase cost of future upgrades.C. Integration issues between modules are reduced when there are no customizations.D. No information can be interfaced from the legacy system to the product.



QUESTION 10Identify the two setups that control the defaulting of Tax Information on a journal entry. (Choose two.)

A. Set of BooksB. Journal categoriesC. Account

Correct Answer: ACSection: (none)Explanation


QUESTION 11During a period, several preapproved batches of miscellaneous transactions were entered and released. Theproject manager informs you that he is unable to view the accounting in the expenditure inquiry form. Whichprocess was likely omitted?

A. streamline costsB. distribute costsC. interface costsD. tieback costs

Correct Answer: B

Section: (none)Explanation


QUESTION 12What are the possible posting options in Oracle General Ledger?

A. Post Journal batches individuallyPost multiple batchesCertkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516Use AutoPost

B. Post Journal batches individuallyPost multiple journals

C. Post multiple batchesPost batches that meet specific criteria by submitting a concurrent request

D. Post Journal batches individuallyPost multiple batchesPost batches that meet specific criteria by submitting a concurrent request and using Journal Approval



QUESTION 13You are implementing Oracle General Ledger at a Certpaper.com site. Certpaper.com is based in the US buthas a presence in many countries worldwide, and has transactions in multiple currencies. The implementationteam decides that GL multi currency setup will be part of the implementation. John, a junior consultant helpingyou in the implementation effort, comes to you and says that he is testing the system and entering journals inUS dollars, yen and euros. He says that he is able to enter the journals in US dollars and euros, but cannotenter the journals in Japanese yen. What possible explanation can you provide to John for this?

A. Workflow needs to be customized for journals to be entered in yen.B. Yen currency has not been enabled.C. Daily rates have not been entered for yen.D. Rate types have not been defined for yen.



QUESTION 14Certpaper.com has offices around the world, spread across different legal entities. Certpaper.com isimplementing Oracle General Ledger. Its accounting department wants to know how to reduce the burden ofelimination entries. What do you recommend?

A. Mass AllocationB. ADI Journals

C. Recurring JournalsD. Summary JournalsE. Intercompany Journals

Correct Answer: CSection: (none)Explanation


QUESTION 15Certpaper.com has many Financial Statement Generator reports created to produce Profit &


Loss statements and Balance Sheet reports. Occasionally Certpaper.com has a need to run a report that isslightly different than the standard ones that are already created. Which two types of changes could XYZ makeusing the Row Order feature? (Choose two.)

A. display segment values and descriptionsB. add a new calculationC. change how rounding options are performedD. sort based on column values

Correct Answer: ADSection: (none)Explanation


QUESTION 16Certpaper.com has two diverse business operations in retail stores and services. It has five legal entities inCanada and five in the United States for both operations. The fiscal year end is the same for all the legalentities with 12 monthly periods. However, Certpaper.com wants to use a 4-5-4 accounting calendar for its retailoperations and a calendar-month accounting calendar for the services operations. Certpaper.com also wants touse a single chart of accounts structure. Which five items must Certpaper.com define to meet the minimumsetup steps that are required for the sets of books for all legal entities? (Choose five.)

A. two accounting calendarsB. four sets of booksC. three sets of booksD. two sets of booksE. chart of accounts structureF. period types or use seeded onesG. one accounting calendarH. enable seeded CAD and USD currenciesI. account combinations

Correct Answer: ABEFHSection: (none)Explanation


QUESTION 17After creating a number of Financial Statement Generator reports, Certpaper.com wants a list of the definitionsfor one specific account. Which report should be run to provide that information?

A. FSG: Content Set Detail ListingB. FSG: Report Detail ListingC. FSG: Where Used Report



QUESTION 18Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

Exhibit:

You work as a DBA for Certpaper.com. Please study the exhibit carefully. GL Consolidation: Preserve JournalBatching is set to Yes. GL Consolidation: Preserve Journal Effective Date is set to Yes.What would the result be?

A. 1, 3, 4B. 2, 3, 4C. 3, 4, 5D. 5, 1, 2E. 5, 3, 2,



QUESTION 19Certpaper.com is a national company with five divisions that share the same set of books. Select the statementthat best describes the consolidation process for ABC Corporation.

A. Run translations, transfer data and run financial reports.B. Run revaluation, translation, and eliminations; transfer data and run financial reports.C. Run revaluation and translation, transfer data and run financial reports.

D. Transfer data and run financial reports.E. Enter eliminating journals and run financial reports.



QUESTION 20Certpaper, the GL accountant, comes to you and says that he has defined the budget, and budget amountshave been entered and approved by management. After approval he wants his assistant accountants to NOTbe able to update this budget. What is your response?

A. If the client wants to do this, then customization of workflow is the only option.B. If the client wants to do this, then the budget status should be Current.C. If the client wants to do this, then the budget status should be Frozen.D. Oracle GL budget functionality cannot satisfy this requirement.


Explanation/Reference:Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

QUESTION 21Which two are true statements regarding elimination? (Choose two.)

A. You must specify an elimination company in the Elimination Sets window.B. You can define balancing options for eliminating entries.C. You can define an elimination set to contain a single elimination entry.D. Currency is an optional component when defining an elimination set.



QUESTION 22What is the effect of summary accounts on the efficiency of the posting process?

A. There is no effect, because summary accounts do not use the posting process to accumulate values.B. Use of summary accounts decreases the efficiency of the posting process.C. Use of summary accounts neither increases nor decreases the efficiency of the posting process.D. Use of summary accounts increases the efficiency of the posting process.



QUESTION 23When you enter a journal, the journals in that batch _____.

A. should share the same periodB. should share both the same period and currencyC. should share the same accounting dateD. can have different periods, currencies, and accounting datesE. should share the same currency



QUESTION 24To review available Financial Statement Generator elements, which two reports would be helpful? (Choosetwo.)

A. Column Set Detail Listing, Report Detail ListingB. Content Set Detail Listing, Report Set Detail ListingC. Column Set Summary Listing, Row Set Detail ListingD. Content Set Detail listing, Chart of Accounts - Rollup Detail Listing



QUESTION 25Certpaper.com has offices around the world, spread across different legal entities. Certpaper.com isimplementing Oracle General Ledger. Its accounting department wants to know how to reduce the burden ofelimination entries. What do you recommend?

A. Summary JournalsB. ADI JournalsC. Intercompany JournalsD. Recurring JournalsE. Mass Allocation



QUESTION 26Oracle General Ledger provides a variety of ways to get information from reports and queries. What can you do

using standard reports that you cannot do using on-line queries? (Choose all that apply.)

A. group reports into report setsB. review T-AccountsC. view non-financial information



QUESTION 27Which statement is correct about the differences between the functionalities of parent accounts and summaryaccounts?

A. Summary accounts speed up the posting process, whereas parent accounts require additional time for theposting process.

B. Summary accounts use the summing segment type for mass allocations, whereas parent accounts use thelooping segment type.

C. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budgetformulas.

D. Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts balancescannot be viewed in that form.

E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accountswill help generate quicker results.



QUESTION 28Which two statements correctly describe the translation process? (Choose two.)


A. The translation process allows you to translate only year-to-date amounts.B. If you rerun the translation process, the process adds the additional data to the previous translated

amounts.C. You can rerun the translation process more than once per period.D. Translation for a subsidiary can be initiated from the parent using the State Controller Translate button.

Correct Answer: CDSection: (none)Explanation


QUESTION 29For each subledger there should be one _____.

A. Account TypeB. Journal CategoryC. Journal TypeD. Journal Source



QUESTION 30All of the manual journal entries are defaulting to a non current period. Which step was omitted from theaccounting cycle?

A. Post Journal EntriesB. Update PeriodC. Consolidate FinancialsD. Translated Foreign BalancesE. Reverse Journal Entries



QUESTION 31Certpaper.com would like a consolidation process to consolidate operations in the UK and US. Certpaper.comrequires a summary of transactions from both companies. Company 01 is located in Chicago; Company 02 islocated in London. Both companies share only the same calendar. Which actions should be considered whendefining the consolidation process for Certpaper.com? (Choose all that apply.)

A. Define a consolidation process using the Global Consolidation System by defining Parent Company 90 toconsolidate data from Company 01 and Company 02.

B. Select the transaction method for transferring data from Company 01 to Company 90.C. Define an elimination set to include a group of related elimination entries.D. Define mapping rules to map Company 01 and Company 02 to Company 90.


Correct Answer: ACDSection: (none)Explanation


QUESTION 32A manager at Certpaper.com wants to review the cash balance by company. He has asked you to create thesummary account template. Certpaper.coms accounting flexfield has four segments:Company (5 values)Cost Centers (30 values)

Region (4 values)Account (180 values)The total number of cash accounts is 5, which are associated with 2 parents:3 accounts are associated with the parent called Checking. 2 accounts are identified with the parent calledSavings. To combine the Cash parents, you created a rollup group named Cash. How many accounts wouldthe summary account template generate?

A. 2B. 40C. 10D. 1,200E. 240F. 60



QUESTION 33Certpaper.com wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year end is March 31. The normal month end is on a Friday, but the last day ofeach quarter is always on the last day of the quarter's final calendar month. Choose the remaining setup for thecalendar to meet the requirement.

A. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month. Define anadjusting period on the last Friday of each quarter.

B. Define 12 monthly periods based on the 4-5-4 calendar ending on the last day of each month. Define anadjusting period on the last day of each quarter.

C. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except forthe last month of each quarter ending on the last day of the month. Define an adjusting period for each ofthe last day of the quarter.

D. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except forthe last month of each quarter that falls on the last day of the month. Define four adjusting periods on March31 of the fiscal year.

E. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month. Define fouradjusting periods for March 31 of the fiscal year.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 34Certpaper.com wants to compare actual amounts against their budgeted amounts. Which reporting or queryoptions would provide that detail? (Choose two.)

A. Trial BalanceB. Account AnalysisC. On-line Account Inquiry

D. On-line Budget InquiryE. Financial Statement Generator

Correct Answer: CESection: (none)Explanation


QUESTION 35Your subledger accountants are attempting to import their journals to the general ledger at the end of theperiod. The journal import processes are completing with a warning and no journals are being generated.Which three steps would you take to troubleshoot this condition? (Choose three.)

A. Resend the transactions from the subledgers.B. Delete the related data on the GL interface table.C. Confirm that data was sent from the subledger.D. Verify the output of the Journal Import requestE. Run journal import with all group IDs.

Correct Answer: CDESection: (none)Explanation


QUESTION 36Which item CANNOT be queried in the Find Consolidation Process window?

A. Parent CalendarB. Parent Set of BooksC. Consolidation StatusD. Parent PeriodE. Elimination SetsF. Mapping SetsG. Balance Type



QUESTION 37Certpaper, the GL accountant, is preparing a PowerPoint presentation for the accounting staff to explain thesteps for creating mass allocation journal entries. Which five steps should Tess


include in his presentation? (Choose five .)

A. freeze accounting flexfieldB. validate mass allocation definitionC. create mass allocation definitionD. post journal entriesE. generate mass allocation journalsF. review journal entriesG. validate cross-validation rules

Correct Answer: BCDEFSection: (none)Explanation


QUESTION 38Which rule has to be applied when using summary accounts to create a Mass Allocation journal?

A. Constant (C) must be assigned to each rollup group used in the formula line.B. Summary accounts cannot be used in the generation of mass allocation journals.C. Summing (S) must be assigned to each rollup group used in the formula line, so that the related child values

will be summarized.D. Looping (L) must be assigned to each rollup group used in the formula line, so that associated child values

will be incorporated in the calculation.



QUESTION 39Certpaper.com wants to use one set of books for its many subsidiary companies in Canada that will share theglobal chart of accounts structure and the Corporate Accounting Calendar. The controller is concerned aboutusers charging to the wrong company when entering a journal entry. Which setup would address the controller'sconcern?

A. Cross validation rules would ensure that the proper code combinations are used.B. Suspense posting would ensure that if there are unbalanced entries, the system would make it balanced.C. Intercompany accounting would ensure that if a wrong company is used, at least intercompany accounting

entries would be created.D. Journal approval ensures that journal entries are correct and approved before they can be posted.E. Segment security rules would prevent users from seeing companies that they are not supposed to see.




Certpaper.com, a Canadian subsidiary of a U.S. company, wants to have an adjusting period in addition to its12 calendar month accounting periods. Its fiscal year end is March 31. It will use foreign currency translationsfor its financial reports to the U.S. parent company, beginning April 2006. The company wants to useaccounting period names that show the calendar year, not fiscal year. It plans to go live beginning April 1, 2006with conversion of 1 year historical GL balances (fiscal year ending March 31, 2006). Choose the mostappropriate accounting calendar setup.

A. Period Type: Calendar. Accounting periods named: Apr-05 through Mar-07, with two adjusting periodsnamed Adj-06 and Adj-07.

B. Period Type: Calendar. Accounting periods named: Apr-05 through Mar-07, with one adjusting periodnamed Adj-06.

C. Period Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with two adjusting periods namedAdj-06 and Adj-07

D. Period Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with two adjusting periods namedAdj-05 and Adj-06.

E. Period Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with one adjusting period namedAdj-06.



QUESTION 41What are three benefits of using the Journals Import: Group By Effective Date profile option? (Choose three.)

A. Facilitate more transparent exchange rate conversions.B. Facilitate consolidation.C. Make daily updates to daily business intelligence.D. Account for business transactions by effective date or by accounting date.E. facilitates financial auditing and compliance with the new Sabanes-Oxley Act



QUESTION 42The clients GL accountant Certpaper comes to you with a problem. A journal cannot be posted because it hasnot been approved. The preparer cannot submit the journal for approval because the Approve Button is grayedout in the Enter Journals form, and the supervisor has not received a notification requesting the approval. Whatdo you suggest as the possible cause for this problem?

A. Budgetary control has been enabled for the set of books, and funds have not been reserved for the journal.B. Authorization limits have not been defined properly and the GL Period is closed.C. The Profile option Allow Preparer Approval needs to be reset.


D. One of the GL account code combinations in the journal is invalid.

Correct Answer: A



QUESTION 43Certpaper.com is a global company based in the United States with divisions in North American, Europe andAsia. All of the journal imports, recurring journals, mass allocations and manual journal entries have beenposted for their European subsidiary. What is the next logical step in the period-close process?

A. Consolidate to the parent set of books.B. Reconcile account balances.C. Translate to functional currency.D. Open the next period.E. Close the current period.F. Revalue foreign currency balances.G. Run financial reports.

Correct Answer: FSection: (none)Explanation


QUESTION 44Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)

A. Account AnalysisB. Trial Balance - DetailC. Currency - Daily Conversion Rates ListingD. Chart of Accounts - Segment Values ListingE. Other - Calendar Validation Report

Correct Answer: ABSection: (none)Explanation


QUESTION 45Certpaper.com wants to define a consolidation process for its enterprise. It has two sets of books: set of booksA and Set of Books B. Both sets of books will be defined in Oracle General Ledger. Set of books A will havethree companies with the same chart of accounts as set of books B.Set of books A will have USD as its currency.Set of books B will have four companies with the same chart of accounts and different calendar as set of booksA.Set of books B will have GPD as its currency.Which consolidation method would you recommend?

A. Interface Data TransformerCertkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. Global Consolidation System

C. Financial Statement GeneratorD. Global Intercompany SystemE. Applications Desktop Integrator



QUESTION 46Certpaper.com has a requirement that all budget entries are made through journals. Where would you set thisup?

A. Journal SourcesB. Set of BooksC. Journal CategoriesD. Journal TypesE. Budget Organizations



QUESTION 47In which three ways do sub-ledgers transfer information into General Ledger? (Choose three.)

A. Detail JournalsB. Line level recordsC. Summary JournalsD. BalancesE. Batch Transfer

Correct Answer: ACESection: (none)Explanation


QUESTION 48Which four are valid consolidation tools? (Choose four.)

A. Financial Statement GeneratorB. Applications Desktop IntegratorC. Global Consolidation SystemD. Global Intercompany SystemE. Interface Data Transformer

Correct Answer: ABCE



QUESTION 49In the course of implementing General Ledger, you and your customer have created a number of FinancialStatement Generator reports in a test environment. They have been tested and


you are now ready to create these same reports in a production environment. You want to run the FinancialStatement Generator transfer program. What is the minimum necessary to run this program? (Choose two.)

A. Same set of books must be defined.B. Same row and column sets must exist in production.C. Database links must be defined.



QUESTION 50Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

A. InventoryB. PayablesC. PurchasingD. ReceivablesE. Assets



QUESTION 51You set the GL: Journal Review Required profile option to Yes. What is the result?

A. requires generated Autoallocation Journals to be reviewed before postingB. requires review of Recurring Journals before postingC. requires review of journals belonging to identified categories before postingD. requires all Journals to be reviewed before postingE. requires review of a journal entered in GL by the approver before posting



QUESTION 52What is the effect of summary accounts on the efficiency of the posting process?

A. There is no effect, because summary accounts do not use the posting process to accumulate values.B. Use of summary accounts decreases the efficiency of the posting process.C. Use of summary accounts increases the efficiency of the posting process.D. Use of summary accounts neither increases nor decreases the efficiency of the posting process.



QUESTION 53Certpaper.com has three companies in Canada, two companies in the United States, two companies inSingapore, and one company in Belgium. All the companies, except for one in Canada, have the same fiscalyear-end calendar. ABC Enterprise wants to use a common chart of accounts structure globally and set upeach company as a balancing segment value. What is the minimum number of sets of books that should bedefined?

A. 8B. 4C. 5D. 7E. 6



QUESTION 54A Certpaper.com manager wants to review the cash balance by company. He has asked you to create thesummary account template. Certpaper.coms accounting flexfield has four segments:Company (5 values)Cost Centers (30 values)Region (4 values)Account (180 values)The total number of cash accounts is 5, which are associated with 2 parents:3 accounts are associated with the parent called Checking; 2 accounts are identified with the parent calledSavings. To combine the Cash parents, you create a rollup group named Cash. Which summary accounttemplate would you create to review cash balances by company?(D: Detail)(T: Total)

A. D-T-T-CashB. T-D-T-CashC. D-T-D-Cash

D. D-D-D-CashE. T-T-T-CashF. T-D-D-Cash



QUESTION 55Joe is the controller of Certpaper.com, your client. He is anxious to see you demonstrate the basic functionalityof General Ledger with a set of books that somewhat reflects his company's


business. Tell him the minimum four pieces of information you need from him, to create a set of books for yourdemonstration. (Choose four.)

A. number of accounting periodsB. accounting calendar with periods and fiscal year endC. currencies that his company has transactions inD. currency conversion ratesE. suspense accountF. retained earnings accountG. intercompany accountH. company organization structure for Chart of AccountsI. encumbrance accountJ. the base (functional) currency of his company

Correct Answer: BFHJSection: (none)Explanation


QUESTION 56Exhibit:

You work as a DBA for Certpaper.com. Please study the exhibit carefully. You are implementing OracleGeneral Ledger at Certpaper.com's site. Certpaper.com is based in the U.S. but has a global presence in manycountries worldwide, and has transactions in multiple currencies.The implementation team decides that Oracle General Ledger multi currency setup will be part of theimplementation.

Certpaper.com's Chief Financial Officer wants a system which has features are displayed in the exhibit.Which of the requirements can be satisfied with the implementation?

A. All requirements from I to V can be satisfied.B. I, II & III onlyC. I, II, III & IV onlyD. I, II, IV & V only



QUESTION 57Certpaper.com is a U.S.-based company with business operations in North America and


Europe. It has existing Oracle GL sets of books in its single global instance. All sets of books use a global chartof accounts and a common accounting calendar. It just expanded its business to Australia and acquired twonew companies with the same year end as Certpaper.com. It wants to be able to include the new companies inexisting financial reports created with Financial Statements Generator (FSG). How can it easily integrate thetwo new companies into its existing GL with minimal effort?

A. Define the new company values, enable AUD currency and define two new sets of books.Translate AUD to USD for FSG reports in USD. Consolidate the two new sets of books into their existingconsolidation set of books.

B. Define two new company values, define a new AUD currency, and define two new sets of books. TranslateAUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set ofbooks.

C. Define two new company values, enable AUD currency, and define a new set of books.Translate AUD to USD and include the two new companies for FSG reports in USD.

D. Define two new company values, enable AUD currency, and define two new sets of books.Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existingconsolidation set of books.

E. Define two new company values, enable AUD currency, and define two new sets of books.Translate AUD to USD and include the two new companies for FSG reports in USD.



QUESTION 58Certpaper, the GL accountant comes to you with a requirement to define a particular Autoallocation request setwhere approvers are sent notifications automatically for the generated journals. If there are any problems ingenerating the journals, then he should have the option to rollback the whole process. What is your response?

A. Cross-validation rules must be defined to satisfy this requirement.B. It is not possible to satisfy this requirement.C. The GL:Autoallocation Rollback Allow profile option must be enabled.

D. Dynamic Insert must be enabled to satisfy this requirement.



QUESTION 59Certpaper.com's GL accountant is responsible for taking care of recurring journals. She comes to you with aproblem: she ran the Generate Recurring Journal program before the AP and Payroll entries had been postedto GL. As a result, the recurring journal entries created are incorrect. She has not yet posted the generatedrecurring journal, and wants to know whether she can generate it again. The Sequential Numbering profileoption is set to Partially used. What response do you offer?


A. Generate this recurring journal in the previous period.B. It is not possible under this scenario to regenerate the recurring journal.C. Generate this recurring journal in the next period.D. Delete the first generated recurring journal and generate it again.E. Generate the recurring journal again, because it has not been posted yet.



QUESTION 60When you change a summary account template funds check level from None to Advisory or Absolute, you needto _____.

A. delete the original template and then recreate it for the appropriate funds check levelB. complete the required data on the template for the new funds check levelC. do nothing else; no additional work is neededD. change the time period on the template to Earliest Period to identify the begin date of the new funds check

level



QUESTION 61To review available Financial Statement Generator elements, which two reports would be helpful? (Choosetwo.)

A. Content Set Detail listing, Chart of Accounts - Rollup Detail ListingB. Content Set Detail Listing, Report Set Detail ListingC. Column Set Summary Listing, Row Set Detail Listing

D. Column Set Detail Listing, Report Detail Listing



QUESTION 62You are implementing Oracle General Ledger at a Certpaper.com site. Certpaper.com is based in the U.S. buthas a presence in many countries worldwide, and has transactions in multiple currencies. The implementationteam decides that GL multi currency setup will be part of the implementation. The company's management inthe U.S. wants to see all the transactions in U.S. dollars, whereas the management in Europe wants to see thetransactions in euros. The CFO has stated this requirement: While entering the daily transactions the usershould have the ability to enter the current exchange rate, but at month end the assets and liabilities in euroscould be converted into U.S. dollars at the monthly average exchange rate.Can this requirement be satisfied?

A. Account generator needs to be customized to satisfy this requirement.B. Oracle GL does not support this functionality.


C. Oracle GL provides this functionality and there is no problem in satisfying the requirement.D. Workflow needs to be customized to satisfy this requirement.



QUESTION 63You are implementing Oracle General Ledger at a Certpaper.com site. Certpaper.com is based in the U.S. buthas a presence in many countries worldwide, and has transactions in multiple currencies.The implementation team decides that GL multi currency setup will be part of the implementation.Certpaper.com's management in the U.S. wants to see all the transactions in U.S. dollars, whereas themanagement in Europe wants to see the transactions in euros.The CFO has stated this requirement:While entering the daily transactions the user should have the ability to enter the current exchange rate, but atmonth end the assets and liabilities in euros could be converted into U.S.dollars at the monthly average exchange rate.Can this requirement be satisfied?

A. Account generator needs to be customized to satisfy this requirement.B. Oracle GL does not support this functionality.C. Workflow needs to be customized to satisfy this requirement.D. Oracle GL provides this functionality and there is no problem in satisfying the requirement.



QUESTION 64Exhibit:

You work as a DBA for Certpaper.com. Please study the exhibit carefully. Certpaper.com wants to distributerent expense to its various departments on the basis of floor space. It has taken these steps:

Which are the next two steps needed to distribute the rent cost to the various departments? (Choose two.)

A. Post the journal.B. Define and generate MassAllocation.


C. Define the MassAllocation journal.D. Create manual journal entries for distributing rent.



QUESTION 65Certpaper.com has a legal entity in each of its business operations in the United States, Canada, Malaysia,Singapore, and Italy. The controller in Italy advises that the corporation must use the Italian statutory accountsas its natural accounts. The corporation decides to define five sets of books (one for each country) but wants touse a single, global chart of accounts structure. Choose a possible design (for the sets of books) that uses asingle, global chart of accounts structure, and also meets the Italian controller's requirement.

A. The chart of accounts structure uses a different Value Set for the Account segment for Italy.B. The length of the Account segment for Italy is different from that for the other countries.C. The list of values in the Account segment includes a range reserved for Italy.D. The chart of accounts structure contains an extra segment for Italy.E. The chart of accounts structure for Italy uses Account values prefixed with a special character.



QUESTION 66You are implementing Oracle General Ledger at a Certpaper.com site. Certpaper.com is based in the US buthas a presence in many countries worldwide, and has transactions in multiple currencies. The implementationteam decides that GL multicurrency setup will be part of the implementation. The Controller wants a system

which allows the flexibility to enter transactions in any foreign currency, and at the same time automaticallyperforms currency conversion online and in real time. She wants to know whether this requirement could besatisfied. What is the correct response?

A. Account generator needs to be customized for journals to be entered in foreign currency.B. Oracle GL provides this functionality and there is no problem in satisfying the requirement.C. Workflow needs to be customized for journals to be entered in foreign currency.D. Oracle GL does not support this functionality.



QUESTION 67After discussions with the client, the implementation team decides that the GL Autoallocation functionality wouldhelp satisfy the clients requirements to automatically allocate the rent and other expenses to all thedepartments based on the defined formula. The GL accountant comes to you with a requirement that theapprover of the journal should be automatically informed once the journal is generated. What is your response?


A. Dynamic Insert must be enabled to satisfy this requirement.B. It is not possible to satisfy this requirement.C. Cross-validation rules must be defined to satisfy this requirement.D. Autoallocation uses Workflow, so there is no problem in satisfying this requirement.



QUESTION 68One of your co-workers, Certpaper, is working to define and develop Financial Statement Generator reportswhere the budget amounts and actual amounts would display on the report per period. Tess comes to you andsays that he has defined an FSG report according to the client's requirements; the actual amounts are correctlyshown, but the problem is that budget amounts are not showing up on the report. What is your response?

A. The last fiscal year of the budget is Closed.B. The budget name needs to be associated with the row set through control values.C. Budget status is Frozen.D. There is some issue with the assignment of accounts to the budget organization.E. The first fiscal year of the budget was never opened.



QUESTION 69Which five statements are true about the elements required for a set of books? (Choose five.)

A. The same segment security rules apply to all segments that use the same value sets and have securityenabled, although you can choose to assign the security rules to specific responsibilities.

B. Multiple chart of accounts structures can share the same value sets.C. It is technically possible to use the same balancing segment value in multiple sets of books.D. Each set of books must have its own unique accounting calendar defined.E. Period Type Calendar results in fiscal year being used in the system name of accounting periods.F. General Ledger converts amounts in a foreign currency to functional currency by using Corporate rate type

only.G. Adjusting periods are used for journal entries originating in General Ledger only.H. Enable the appropriate functional currency before you define a set of books.

Correct Answer: ABCGHSection: (none)Explanation


QUESTION 70Identify two features of Content Sets when creating reports using Financial Statement Generator (FSG)?(Choose two.)


A. They cannot be added at the time an FSG is run.B. They are required for profit and loss statements.C. They provide the ability to override row set definition.D. They provide the ability to add calculations.E. They enable the generation of multiple similar reports in a single run.



QUESTION 71Certpaper, the GL accountant, says that he has heard about the budget upload functionality of Oracle GL andhe is eager to test it. She is unable to test it in the CRP instance. What is your explanation?

A. The budget can be uploaded.B. The budget dates in the budget organization have a different date range.C. The GL account code combination is not valid.D. Budget journals are required at the set of books levelE. The GL period is closed.



QUESTION 72In creating a report, what is true about the column set? (Choose two.)

A. Formats can be set for each column.B. Seeded column sets provided by Oracle must be used.C. Calculations can be performed using columns.D. Accounts cannot be assigned to a column set.



QUESTION 73Certpaper.com is getting ready to complete its month-end process. It needs to create a profit and lossstatement and it wants to use the Financial Statement Generator feature to create the report. Which twoelements are required to create the report? (Choose two.)

A. WorkbookB. Column SetC. Row SetD. Content SetE. Report Set

Correct Answer: BCSection: (none)Explanation


QUESTION 74Select the two minimum set up steps for intercompany accounting. (Choose two.)

A. Enable Balance Intercompany Journal when defining the set of books.B. Define a clearing company for all many-to-many intercompany journals.C. Set up intercompany accounts for journal source and journal category of Other.D. Define a journal source and a journal category for Intercompany.E. Include an Intercompany segment in the chart of accounts structure.F. Set up intercompany accounts for every journal source and journal category for intercompany transactions.G. Define a value set for the Company and Intercompany segments.H. Enable the Intercompany Qualifier for the Intercompany segment.



QUESTION 75Which three are part of the Global Consolidation System functionality ? (Choose three.)

A. View the multilevel structure of your consolidation in a graphical format.B. Create consolidated journal entries in both parent and subsidiary set of books as part of the consolidation

process.C. Define mapping rules to determine how subsidiary account balances roll up into the parent.D. View the status and monitor subsidiary account balances for any changes that occur after the subsidiary

data has been transferred.E. Use the IDT to transfer data from Oracle Global Consolidations to external financial feeder systems.



QUESTION 76Certpaper.com has two sets of books and six inventory organizations. What is the minimum number of timesthat Certpaper.com needs to run the general ledger interface in order to close the inventory at the end of eachaccounting cycle?

A. 6B. 4C. 2D. 10E. 12F. 8



QUESTION 77A client has a requirement to allocate the rent and other expenses to all the departments based on the formuladefined in GL Mass Allocation. Mario, the GL accountant, comes to you and asks whether the Mass Allocationprogram checks cross-validation rules, because this checking would help to prevent the creation of invalidaccounts. What is your response?

A. Whether or not the program checks cross-validation rules depends on the formula.B. Allow Dynamic Insert must not be enabled, and then the program can check cross-validation rules.C. You can customize the workflow, to enable the program to check cross-validation rules.D. The program does NOT check cross-validation rules.



QUESTION 78Which four attributes are validated during the Journal Import Verification Process? (Choose four.)

A. Account CombinationB. PeriodC. Balanced JournalD. Cross Validation RuleE. Set of BooksF. Approval LevelG. Journal Sequence Number

Correct Answer: ABCDSection: (none)Explanation


QUESTION 79Certpaper, the GL accountant comes to you and says that the Accounting Department requires two currentbudgets, as they work with two senior executives within the company who have different budget figures, andTess has to prepare and submit budgets to both of them. What is your response?

A. It depends on the budget organization, whether you can have multiple current budgets.B. The profile option Require Budget Journal should be set at the budget level if you want to have multiple

current budgets.C. Oracle GL budget functionality supports multiple current budgets, so there is no problem in satisfying this

requirement.D. The profile option Require Budget Journal should be set at the set of books level if you want to have

multiple current budgets.E. It is not possible to have more than one current budget.



QUESTION 80Your client wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry atthe summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and abusiness unit manager typically has several cost centers under his or her responsibility. Which option will meetthe client's requirements?

A. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for theparent cost centers. Create FSG based on the parent cost center values or Summary Accounts.

B. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parentcost centers. Create FSG based on the Rollup Groups.

C. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parentcost centers, and Summary Accounts. Create FSG based on the parent cost center values or SummaryAccounts.

D. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts basedon the parent cost centers. Create FSG based on the parent cost center values.

E. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parentcost centers. Create FSG based on the parent cost center values.



QUESTION 81Which three statements are true about the revaluation process? (Choose three.)

A. Revaluation calculates the differences between the current cumulative functional currency balance of theforeign transactions and the revalued functional currency balance calculated using the revaluation rate.

B. The revaluation process revalues the foreign currency portion of the account balances using the revaluationrate defined in the Period Rates table.

C. The revaluation process should be executed after the transaction process has completed.D. You must post the revaluation journal entries.

Correct Answer: ABDSection: (none)Explanation


QUESTION 82The GL user entered a taxable journal and posted it. Later the user realizes that he entered a wrong tax code.What should he do?

A. delete the journal and re-enter itB. modify the tax code at the line levelC. enter another journal with the difference in the tax amountD. reverse and re-enter the journal


E. unpost the journal and re-enter it



QUESTION 83You have the following information:The Accounting flexfield structure is Company-Department-Product-Account. Product has two rollup groups:Domestic and International.Department has one rollup group: Manufacturing.All accounting flexfield segment values can use alphanumeric characters. Which summary account templatewould Oracle General Ledger not allow you to create?(D: Detail)

(T: Total)

A. D-D-D-DB. T-Manufacturing-International-DC. D-T-Domestic-DD. D-Manufacturing-D-TE. T-T-T-TF. T-D-D-D



QUESTION 84Which two statements would be true when helping a customer make implementation decisions for GeneralLedger? (Choose two)

A. Integration issues can be minimized.B. Training can be standardized when Oracle is implemented without customization.C. Patching cannot be done on a customized implementation.D. All Oracle subledger journals go directly to General Ledger to overcome interface problems.E. Cost of upgrades would not be affected.



QUESTION 85During the testing phase of your implementation, you find that you are unable to delete a journal batch, though itis not yet posted. You ask the technical consultant for help and he e-mails you a checklist of scenarios in whichbatches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

A. The journal batch has not been approved.B. Funds are in the process of being reserved for the batch.C. The source is frozen.


D. Funds have been reserved for the batch.E. The journal batch has not been posted.

Correct Answer: BCDSection: (none)Explanation


QUESTION 86Select the three true statements about mapping rules. (Choose three.)

A. There are only two mapping rule actions: 1. Copy Value from; 2. Assign Value fromB. Mapping sets enable you transfer data from multiple subsidiaries simultaneously.C. A rollup rule tells General Ledger what detail level of information to transfer and how to roll that information

up to the parent.D. You can define a combination of segment values and account rules.E. There are only three rollup rules: 1. Transfer Level Detail - Using Detail Ranges; 2. Transfer Level Detail -

Using Parent; 3. Transfer Level Summary - Using Parent



QUESTION 87What are two benefits of using the Journals Import: Group By Effective Date profile option? (Choose two.)

A. Facilitate more transparent exchange rate conversions.B. Make daily updates to daily business intelligence.C. Facilitate consolidation.D. Account for business transactions by effective date or by accounting date.

Correct Answer: BDSection: (none)Explanation


QUESTION 88You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a presencein many countries worldwide, and has transactions in multiple currencies. The implementation team decidesthat GL multi currency setup will be part of the implementation. The GL accountant tells you that the companysoutstanding loans in Europe in euros, and at every month end there is a need to revalue and report these loansin US dollars on the current exchange rate. She wants a system that automatically performs this revaluationusing the month-end exchange rates. She wants to know whether this requirement can be satisfied. What isyour response?

A. Oracle GL provides this functionality and there is no problem in satisfying the requirement.B. Account generator needs to be customized to satisfy this requirement.C. Workflow needs to be customized to satisfy this requirement.D. Oracle GL does not support this functionality.




QUESTION 89Certpaper.com wants to compare actual amounts against their budgeted amounts. Which reporting or query

options would provide that detail? (Choose two.)

A. Account AnalysisB. On-line Account InquiryC. On-line Budget InquiryD. Trial BalanceE. Financial Statement Generator

Correct Answer: BESection: (none)Explanation


QUESTION 90What is true about the budgetary control summary account template's indication that funds are available?

A. It indicates that funds are available when the result is less than one, regardless of the balance type.B. When the summary account template is a Debit balance type, the amount is positive; when the template is a

Credit balance type, the amount is negative.C. When the summary account template is a Debit balance type, the amount is negative; when the template is

a Credit balance type, the amount is positive.D. It indicates that funds are available when the result is greater than one, regardless of the balance type.



QUESTION 91U.S.-based Certpaper.com wants to consolidate the U.K. subsidiary accounting and the China subsidiaryaccounting into the U.S. parent accounting information. Both foreign subsidiaries and the U.S. parent havedifferent currencies and different calendars. Which correctly describes the steps required before transferringbalances to the U.S. parent?

A. Run the revaluation process, post the revaluation journal, translate foreign currency, run the Trial BalanceReport in the translated currency in the subsidiary set of books, review the Trial Balance to ensureaccuracy.

B. Translate the foreign currency, post the translated journal entry, revalue the balance sheet accounts, run theTrial Balance Report in the translated currency in the subsidiary set of books, review the Trial Balance toensure accuracy.

C. Run the revaluation process, post the revaluation journal, translate the foreign currency, post the translatedjournal entry, run the Trial Balance Report in the translated currency in the subsidiary set of books. Reviewthe Trial Balance to ensure accuracy.



QUESTION 92

Certpaper, the GL accountant, comes to you and asks whether she can use the Constant (C) segment typewith parent segment values while defining the mass allocation formula. What is your response?

A. Allow Dynamic Insert must be enabled, and then you can do this.B. Whether you can do this depends on the responsibility.C. Whether you can do this depends on the formula.D. You can only do so if there is a summary account associated with the parent.E. You can customize the workflow, and then you can do this.



QUESTION 93Certpaper.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. Ithas business operations in Canada, the United States, France, and Spain. You are told that both France andSpain require Document Sequencing whereas Canada and the United States do not. There are three legalentities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the samefiscal year end. Advise the DBI Enterprise corporate controller what is feasible, in order to set up the minimumnumber of set of books, without customization.

A. 1 set of books for Canada, 1 for the U.S. and 1 for France and 2 for Spain. Install and set up GlobalAccounting Engine for France and Spain sets of books.

B. 1 set of books for Canada, 1 for the U.S. and 2 for France and 1 for Spain. Enable Document Sequencingfor France and Spain sets of books.

C. 1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencingfor France and Spain sets of books.

D. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Enable Document Sequencing for Europe set ofbooks only.

E. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Install and set up Global Accounting Engine forEurope.



QUESTION 94Which three are true about the Global Consolidation System? (Choose three.)

A. consolidates data from legacy feeder systemB. consolidation process creates consolidated journal entries in both parent and subsidiary sets of books


C. performs multidimensional analysis of consolidated financial data using Oracle Financial AnalyzerD. automatically generates journal entries to eliminate intercompany balances based on defined rules



QUESTION 95Select the two minimum set up steps for intercompany accounting. (Choose two.)

A. Define a value set for the Company and Intercompany segments.B. Set up intercompany accounts for journal source and journal category of Other.C. Set up intercompany accounts for every journal source and journal category for intercompany transactions.D. Define a clearing company for all many-to-many intercompany journals.E. Include an Intercompany segment in the chart of accounts structure.F. Define a journal source and a journal category for Intercompany.G. Enable the Intercompany Qualifier for the Intercompany segment.H. Enable Balance Intercompany Journal when defining the set of books.

Correct Answer: BHSection: (none)Explanation


QUESTION 96Certpaper, the GL accountant, says that she has defined the budget and she wants her assistant accountantsto enter and update budgets, but she does not want this budget to be the default budget. What is yourresponse?

A. If the client wants to do this, then the budget status should be Current.B. If the client wants to do this, then the budget status should be Open.C. The Oracle GL budget functionality cannot satisfy this requirement.D. If the client wants to do this, then customization of Oracle Workflow is the only option.



QUESTION 97The clients GL accountant, George, is responsible for taking care of recurring journals. He comes to you with aproblem. He defined a recurring journal batch, and after that he generated the recurring journal from thedefinition. He wants to know whether he can add new lines in this unposted journal. What explanation wouldyou give to George?

A. The Allow Dynamic Insert box is not selected for the accounting flexfield.B. The GL period is closed.C. Additional lines can be added to an unposted recurring journal through Review journal window.


D. The GL accounts entered in the Enter Journal form relate to items that do not exist in the item masterorganization in the inventory module.

E. The GL account code combination is invalid.

Correct Answer: C



QUESTION 98Your client would like a consolidation process to consolidate operations in the UK and US. Your client requiresa summary of transactions from both companies. Company 01 is located in Chicago; Company 02 is located inLondon. Both companies share only the same calendar. Which actions should be considered when defining theconsolidation process for your client? (Choose all that apply.)

A. Define mapping rules to map Company 01 and Company 02 to Company 90.B. Define an elimination set to include a group of related elimination entries.C. Define a consolidation process using the Global Consolidation System by defining Parent Company 90 to

consolidate data from Company 01 and Company 02.D. Select the transaction method for transferring data from Company 01 to Company 90.



QUESTION 99A General Ledger user at Certpaper.com opens the account inquiry screen, chooses a line item, and wants todrill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drilldown. What is the likely explanation for this? (Choose two.)

A. Journal source was not set up to import references.B. Journal entry was not posted.C. Drilldown was option not added to responsibility.D. Journal import was not done.E. Journal category was improperly setup.



QUESTION 100For which two business reasons would you use reporting hierarchies instead of summary accounts? (Choosetwo.)

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


Correct Answer: AE



QUESTION 101Your client is in the process of closing its first year-end. The client completed the accounting cycle and foundthat several income statement accounts have a remaining balance. What would be the likely cause of theseremaining balances?

A. Natural accounts were defined with incorrect account type.B. Natural accounts were defined as parent values.C. Natural accounts were defined to hold both statistical and monetary values.D. Natural accounts were defined to not allow posting.



QUESTION 102Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuserresponsibility. She has successfully created a standard Profit and Loss statement for the company. Anothermember of the department with a General Ledger Supervisor responsibility has been asked to run the standardProfit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps shouldshe perform so that the Profit and Loss statement will run successfully? (Choose two.)

A. Perform an on-line inquiry to get the revenue balances.B. Recreate the Profit and Loss under her own responsibility.C. Ask to have the profile option FSG: Enforce Segment Value Security changed to No.D. Ask to have security removed from her responsibility.



QUESTION 103Which four statements are true about the Global Intercompany System AutoAccounting Rules? (Choose four.)

A. Sender Clearing Rules automatically generate the sender clearing transaction line.B. Sender Distribution Rules automatically generate the sender transaction distribution line(s).C. You can use only one set of Autoaccounting rules per pair of sender/receiver chart of accounts.D. Receiver Clearing Rules automatically generate the receiver clearing transaction line.E. Receiver Distribution Rules automatically generate the receiver transaction distribution line(s).

Correct Answer: ACDESection: (none)Explanation



QUESTION 104What does the elimination program enable you to do? (Choose all that apply.)

A. eliminate average balancesB. create journal entries for all values in the source account to zero them out and post them to a target accountC. eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period



QUESTION 105Which three statements are true about mapping rules? (Choose three.)

A. The Subsidiary set of books and Parent set of books must have the same chart of accounts to usesegment-mapping rules.

B. You can define account rules.C. You can define segment rules instead of account rules for faster processing.D. You can define segment mapping rules.E. You can modify your rollup rule after it has been saved.F. You can define segment or account rules, but not a combination of both.



QUESTION 106Certpaper.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. Ithas business operations in Canada, the United States, France, and Spain. You are told that both France andSpain require Document Sequencing whereas Canada and the United States do not. There are three legalentities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the samefiscal year end. Advise the DBI Enterprise corporate controller what is feasible, in order to set up the minimumnumber of set of books, without customization.

A. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Install and set up Global Accounting Engine forEurope.

B. 1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencingfor France and Spain sets of books.

C. 1 set of books for Canada, 1 for the U.S. and 1 for France and 2 for Spain. Install and set up GlobalAccounting Engine for France and Spain sets of books.

D. 1 set of books for Canada, 1 for the U.S. and 2 for France and 1 for Spain. Enable Document Sequencingfor France and Spain sets of books.

E. 1 set of books for Canada, 1 for the U.S. and 1 for Europe. Enable Document Sequencing for Europe set ofbooks only.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 107During the testing phase of your implementation, you find that you are unable to delete a journal batch, though itis not yet posted. You ask the technical consultant for help and he e-mails you a checklist of scenarios in whichbatches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

A. The source is frozen.B. The journal batch has not been approved.C. The journal batch has not been posted.D. Funds have been reserved for the batch.E. Funds are in the process of being reserved for the batch.

Correct Answer: ADESection: (none)Explanation


QUESTION 108What does the elimination program enable you to do? (Choose all that apply.)

A. eliminate average balancesB. eliminate intercompany balances for fully reciprocating elimination that repeat every accounting periodC. create journal entries for all values in the source account to zero them out and post them to a target account



QUESTION 109What are the possible posting options in Oracle General Ledger?

A. Post multiple batchesPost batches that meet specific criteria by submitting a concurrent request

B. Post Journal batches individuallyPost multiple journals

C. Post Journal batches individuallyPost multiple batchesPost batches that meet specific criteria by submitting a concurrent request and using Journal Approval

D. Post Journal batches individuallyPost multiple batchesUse AutoPost



QUESTION 110Certpaper, the GL accountant comes to you and says that she is running the tests to check budget functionality.She says that the GL period is closed, but she was able to post the budget journal in a closed period. Youcheck the setups and confirm that the GL period in which Tess was able to post the budget journal is closed.What explanation do you provide to Tess?

A. The budget year is Open.B. The budget status is Current.C. The Profile option Require Budget Journal is set at the set of books level.D. The budget status is Frozen.



QUESTION 111Exhibit:

You work as a DBA for Certpaper.com. Please study the exhibit carefully. Choose the correct set of events, intheir correct order, for the accounting process.

A. G, F, E, A, B, D, CB. F, G, E, A, B, C, DC. G, F, E, A, B, C, DD. G, F, A, B, C, E, DE. C, F, E, A, B, D, G



QUESTION 112After discussions with the client, the implementation team decides that the GL Autoallocation functionality wouldhelp satisfy the clients requirements to automatically allocate the rent and other expenses to all thedepartments based on the defined formula. The GL accountant comes to you with a requirement that theapprover of the journal should be automatically informed once the journal is generated. What is your response?

A. Cross-validation rules must be defined to satisfy this requirement.B. Dynamic Insert must be enabled to satisfy this requirement.C. Autoallocation uses Workflow, so there is no problem in satisfying this requirement.D. It is not possible to satisfy this requirement.



QUESTION 113Certpaper.com's global chart of accounts structure includes the Company (balancing) segment andIntercompany segment (with Intercompany segment qualifier) in order to properly identify the intercompanytrading party. Which statement is NOT true about using an Intercompany segment in the chart of accountsstructure? (Choose the statement that is NOT true.)

A. The Company and Intercompany segments can share the same value set.B. GL automatically populates the intercompany segment value in the Balancing segment to balance an

intercompany journal.C. You can enable security for the Company segment and disable security for Intercompany segment.D. If a journal entry is balanced within the same company value in the balancing segment, GL automatically

uses the value in the Intercompany segment to create additional journal lines for the trading company.E. In a many-to-many intercompany journal, the use of a clearing company as the trading partner is possible.



QUESTION 114Certpaper.com is a U.S.-based company with business operations in North America and Europe. It has existingOracle GL sets of books in its single global instance. All sets of books use a global chart of accounts and acommon accounting calendar. It just expanded its business to Australia and acquired two new companies withthe same year end as World Inc. It wants to be able to include the new companies in existing financial reportscreated with Financial Statements Generator (FSG).How can it easily integrate the two new companies into its existing GL with minimal effort?

A. Define two new company values, enable AUD currency, and define two new sets of books.

Translate AUD to USD and include the two new companies for FSG reports in USD.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. Define two new company values, define a new AUD currency, and define two new sets of books. TranslateAUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set ofbooks.

C. Define the new company values, enable AUD currency and define two new sets of books.Translate AUD to USD for FSG reports in USD. Consolidate the two new sets of books into their existingconsolidation set of books.

D. Define two new company values, enable AUD currency, and define a new set of books.Translate AUD to USD and include the two new companies for FSG reports in USD.

E. Define two new company values, enable AUD currency, and define two new sets of books.Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existingconsolidation set of books.



QUESTION 115A General Ledger user at Certpaper.com opens the account inquiry screen, chooses a line item, and wants todrill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drilldown. What is the likely explanation for this? (Choose two.)

A. Drilldown was option not added to responsibility.B. Journal source was not set up to import references.C. Journal entry was not posted.D. Journal category was improperly setup.E. Journal import was not done.



QUESTION 116Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

A. ReceivablesB. PayablesC. PurchasingD. AssetsE. Inventory



QUESTION 117Your manager has asked you to create a period close process that maximizes the efficiency of your two staffmembers and minimizes the number of closing days. Identify two sets of subledgers that can be closedconcurrently. (Choose two.)


A. Projects and PayablesB. Order Management and ProjectsC. Payables and ReceivablesD. Inventory and ReceivablesE. Payables and Assets



QUESTION 118Which five do you need to define to meet the minimum pre-requisites to create a set of books? (Choose five.)

A. a retained earnings accountB. an accounting calendarC. a translation adjustment accountD. the functional currency (or a seeded currency)E. an encumbrance accountF. a chart of accounts structureG. a suspense accountH. a transaction calendarI. at least one value for each segment of the chart of accounts

Correct Answer: ABDFISection: (none)Explanation


QUESTION 119Certpaper, the GL accountant comes to you and says that she has defined two budgets, but after selecting thebudget organization in the Enter Budget Amounts form, she can select only one budget from the list of values(LOV). What is your response?

A. Budget status is Current.B. The first fiscal year of the budget was never opened.C. The last fiscal year of the budget is Closed.D. Accounts need to be reassigned to the budget organization.



QUESTION 120Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuserresponsibility. She has successfully created a standard Profit and Loss statement for the company. Anothermember of the department with a General Ledger Supervisor responsibility has been asked to run the standardProfit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps shouldshe perform so that the Profit and Loss statement will run successfully? (Choose two.)


A. Ask to have security removed from her responsibility.B. Ask to have the profile option FSG: Enforce Segment Value Security changed to No.C. Recreate the Profit and Loss under her own responsibility.D. Perform an on-line inquiry to get the revenue balances.



QUESTION 121Certpaper, the GL accountant, says that the budget for which she is trying to enter data requires budgetjournals, but she wants to enter budget amounts directly. You check the budget setups and confirm that theRequire Budget Journal option is not enabled at the set of books level. What could be cause of Tess'sproblem?

A. The Require Budget Journal option is enabled at the budget level.B. The Budget status is Frozen.C. The budget organization is not properly defined.D. The Allow Preparer Approval profile option is not enabled.E. Data is being entered in a closed period.



QUESTION 122Certpaper, the GL accountant comes to you with a requirement that all the journal batches for financialallocations should be automatically generated and validated. She wants to know whether Oracle GLfunctionality can satisfy this requirement. What is your response?

A. Dynamic Insert must be enabled to satisfy this requirement.B. Cross-validation rules must be defined to satisfy this requirement.C. It is possible to satisfy this requirement by using the autoallocation functionality.D. It is not possible to satisfy this requirement.

Correct Answer: C



QUESTION 123When you change a summary account template funds check level from None to Advisory or Absolute, you needto _____.

A. delete the original template and then recreate it for the appropriate funds check levelB. change the time period on the template to Earliest Period to identify the begin date of the new funds check

levelC. do nothing else; no additional work is neededD. complete the required data on the template for the new funds check level Certkey.com - Make You Succeed

To Pass IT ExamsCertkey 1Z0-516



QUESTION 124You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a globalpresence in many countries worldwide, and has transactions in multiple currencies. The implementation teamdecides that GL multi currency setup will be part of the implementation. One of the companies in Europe has arequirement to maintain account balances both in U.S. dollar and in euros, and for this purpose they have toenter each transaction twice in their present system, once in U.S. dollars and then again in euros. TheController wants a system where transactions can be entered only in one currency, and then be automaticallyconverted into another currency. Additionally they need the flexibility to enter different exchange rates fordifferent types of accounts. He wants to know whether this requirement cold be fulfilled. What is yourresponse?

A. Oracle GL provides this functionality and there is no problem in satisfying the requirements.B. Workflow needs to be customized to satisfy this requirement.C. Transactions could be automatically converted into another currency, but different exchange rate types are

not supported.D. Oracle GL does not support this functionality.



QUESTION 125The controller has asked you to produce a report that identifies the total outstanding receivable by customer, asof the period-ending date. Which report would fulfill this request?

A. Journal Entry ReportB. Receipts JournalC. Applied Receipt Register

D. Aging ReportE. Account Analysis by Subsidiary LedgerF. Transaction RegisterG. Sales Journal by General Ledger Account



QUESTION 126Your client is closing its first period. The Accounting Manager informs you that she is unable to transferpayables to the general ledger or run other reports. She is using the Company XYZ Payable Managerresponsibility. What is the likely cause of this error?

A. The responsibility is set up with menu exclusions.B. The responsibility is set up without a request group.C. The responsibility is set up with security attributes.


D. The responsibility is set up without a data group.



QUESTION 127Mark, the GL accountant comes to you and says that he is running the tests to check budget functionality. Hesays that the GL period is closed, but he was able to post the budget journal in a closed period. You check thesetups and confirm that the GL period in which Peter was able to post the budget journal is closed. Whatexplanation do you provide to Mark?

A. The budget year is Open.B. The budget status is Current.C. The budget status is Frozen.D. The Profile option Require Budget Journal is set at the set of books level.



QUESTION 128Which three functions can the Payables Accounting Process perform? (Choose three.)

A. transfers data to the interface tableB. runs the journal importC. validates distribution lines

D. creates accrual entriesE. creates accounting entries

Correct Answer: ABESection: (none)Explanation


QUESTION 129Which two actions would you perform using the Column Set Builder? (Choose two.)

A. create format maskB. assign accountsC. sort rows based on values in a columnD. define calculations in new column



QUESTION 130Certpaper.com is a national company with five divisions that share the same set of books. Select the statementthat best describes the consolidation process for Certpaper.com.

A. Enter eliminating journals and run financial reports.B. Run revaluation and translation, transfer data and run financial reports.


C. Transfer data and run financial reports.D. Run revaluation, translation, and eliminations; transfer data and run financial reports.E. Run translations, transfer data and run financial reports.



QUESTION 131Which type(s) of journal entry does General Ledger automatically reverse and post?

A. actuals and budgets onlyB. actuals, budgets and encumbranceC. actuals onlyD. budgets and encumbrance onlyE. budgets only

Correct Answer: CSection: (none)

Explanation


QUESTION 132All of the manual journal entries are defaulting to a non current period. Which step was omitted from theaccounting cycle?

A. Translated Foreign BalancesB. Reverse Journal EntriesC. Consolidate FinancialsD. Post Journal EntriesE. Update Period



QUESTION 133Which statement is correct about the differences between the functionalities of parent accounts and summaryaccounts?

A. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accountswill help generate quicker results.

B. Summary accounts use the summing segment type for mass allocations, whereas parent accounts use thelooping segment type.

C. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budgetformulas.

D. Summary accounts speed up the posting process, whereas parent accounts require additional time for theposting process.

E. Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts balancescannot be viewed in that form.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 134During a period, several preapproved batches of miscellaneous transactions were entered and released. Theproject manager informs you that he is unable to view the accounting in the expenditure inquiry form. Whichprocess was likely omitted?

A. tieback costsB. interface costsC. distribute costsD. streamline costs



QUESTION 135Certpaper.com wants to ensure that no changes are made to unposted journals that come in from theirsubledgers. At which setup can you control this?

A. journal approvalB. journal categoriesC. set of booksD. journal sourcesE. This is not possible, because changes can be made before posting.



QUESTION 136Which four does Oracle Consolidation enable you to consolidate? (Choose four.)

A. multiple subsidiaries with different calendars to one parent set of booksB. multiple subledgers such as Oracle Payables and Oracle Receivables to one parent subledgerC. multiple subsidiaries with different currencies to one parent set of booksD. multiple subsidiaries with same calendar to one parent set of booksE. multiple subsidiaries to one parent set of books



QUESTION 137After running the Payables Accounting Process and posting the Journal Import, the accountant determines thatseveral invoices have not been transferred to the General Ledger. Which three can cause an invoice to not betransferred to the General Ledger? (Choose three.)

A. Invoice is future-dated.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. Invoice is voided in the prior period.C. Invoice is on hold.D. Invoice is unvalidated.E. Invoice is unaccounted.

Correct Answer: CDESection: (none)

Explanation


QUESTION 138Which action is part of the Projects tieback process?

A. Validates the account combination.B. Balances the journal entry.C. Interfaces cost to the General Ledger.D. Updates cost distribution lines.



QUESTION 139Certpaper.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report isautomatically created. Identify three components that the report Create Journal Entries Execution Reportreports on. (Choose three.)

A. Budget JournalsB. Purchasing Encumbrance EntriesC. Payables Encumbrance EntriesD. Journal Posting Report



QUESTION 140Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)

A. Trial Balance - DetailB. Account AnalysisC. Other - Calendar Validation ReportD. Chart of Accounts - Segment Values ListingE. Currency - Daily Conversion Rates Listing



QUESTION 141An auditor has asked the payables manager to provide detail that supports the Oracle Payables Liability amountlisted on the balance sheet. Which report would best meet the


auditor's request?

A. Accounts Payable Trial BalanceB. Posted Invoice RegisterC. Payables Account Analysis ReportD. Payable Accounting Entries ReportE. Accrual Reconciliation Report



QUESTION 142Which three activities would use summary accounts? (Choose three.)

A. Formulate a budget for employee benefits in each company based on the total of all budgeted employeesalaries.

B. Estimate a sales commission accrual based on the total of all product sales for each division.C. Create a monthly recurring standard journal entry to amortize Goodwill.D. Allocate the total monthly costs of the Information Services department to other departments.



QUESTION 143Certpaper.com has many parent segment values with a large number of child values in each parent.Certpaper.com is having problems running reports. Which profile option would enable better performance?

A. FSG: Enable Search OptimizationB. FSG: Expand Parent ValueC. FSG: Enforce Segment Value Security



QUESTION 144You are implementing Oracle General Ledger at a client site. The client is based in the US but has a presencein many countries worldwide, and has transactions in multiple currencies. The implementation team decidesthat GL multicurrency setup will be part of the implementation. The Controller wants a system which allows theflexibility to enter transactions in any foreign currency, and at the same time automatically performs currencyconversion online and in real time. She wants to know whether this requirement could be satisfied. What is the

correct response?

A. Workflow needs to be customized for journals to be entered in foreign currency.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. Account generator needs to be customized for journals to be entered in foreign currency.C. Oracle GL provides this functionality and there is no problem in satisfying the requirement.D. Oracle GL does not support this functionality.



QUESTION 145Certpaper.com has a calendar with 12 monthly periods. Their fiscal year is the calendar year. Certpaper.comuses Average Balance Processing. Certpaper.com's Accrual category is defined with Autoreversal, with thereversal period as the Next Day, and an effective date rule of Roll. An accrual journal entered on 29-Apr-05 willbe reversed on the _____.

A. next day in the same periodB. first day of the next periodC. next business day in the same period or next period based on transaction calendarD. next business day in the same period



QUESTION 146You are about to set up an accounting calendar for a new set of books at Certpaper.com.Certpaper.com's fiscal year end is March 31.The company is not sure if it wants to convert one year or two years of history in the GL. The controller wants tochoose conversion of one-year history for an April 1, 2007 go-live date, but also wants to keep the option openfor conversion of two-year history (to be decided before the go-live date). Certpaper.com will use the GLTranslation functionality, beginning from the first period, with historical GL balances.Which solution would meet Certpaper.com's requirement?

A. Define the calendar for Apr-05 through Mar-08. Open Apr-05 through Apr-06 periods. Plan to converthistorical data from Apr-06 throughMar-07. If they choose a two-year history, they can always open Apr-05 later.

B. Define the calendar for Mar-05 through Mar-08. Open Apr-06 as the first period to convert historical data. Ifthey choose a two-year history, they can always open Apr-05 later.

C. Define the calendar for Mar-05 through Mar-08. Open Mar-05 through Apr-06 periods. Plan to converthistorical data from Apr-06 through Mar-07. If they choose a two-year history, they can always close allperiods except Apr-06 later.

D. Define the calendar for Apr-05 through Mar-08. Open Apr-06 as the first period to convert historical data. Ifthey choose a two-year history, they can always open Apr-05 later.

E. Define the calendar for Mar-05 through Mar-08. Open Mar-06 though Apr-06 periods. Plan to converthistorical data from Apr-06. If they choose a two-year history, they can always open Apr-05 later.



QUESTION 147Certpaper.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report isautomatically created. Identify three components that the report Create Journal Entries Execution Reportreports on. (Choose three.)

A. Purchasing Encumbrance EntriesB. Payables Encumbrance EntriesC. Budget JournalsD. Journal Posting Report



QUESTION 148Certpaper.com has decided on a chart of accounts structure that consists of four segments:Company - Cost Center - Account - Sub Account. It has one company value only, and wants to have the abilityto restrict (limit the appearance of) the lists of Account values and Sub Account values for some cost centers.What are the design option would meet Newco Inc.'s requirement?

A. Define a value set with Independent validation for each of the three segments: Cost Center, Account andSub Account. Deselect Dynamic Inserts for the accounting flexfield structure and define all possible codecombinations that are desirable for the specified cost centers.

B. Define a value set with Independent validation and Non-Hierarchical Security for each of the threesegments: Cost Center, Account and Sub Account. Enable security for all three segments and definesecurity rules to restrict lists accordingly.

C. Define a value set for Cost Center with Independent validation and Non-Hierarchical Security. Define avalue set for Account with Dependent validation that depends on Cost Center. Define a value set for SubAccount with Dependent validation that depends on Account.Enable security for the Cost Center segment and define security rules to restrict list accordingly



QUESTION 149For each subledger there should be one _____.

A. Journal TypeB. Journal SourceC. Journal CategoryD. Account Type



QUESTION 150Certpaper.com has many business units set up as company values in the Company (Balancing) segment forthree sets of books: Canada, U.S. and Brazil. The sets of books share a common chart of accounts (COA)structure. The COA structure also has an Intercompany segment (with Intercompany Qualifier) that uses thesame value set as the Company segment. Which three options will best use GL Intercompany functionality,given the multiple sets of books that share a common COA? (Choose three.)

A. Enable security for the Company segment, and define appropriate security rules, and assign them to theresponsibility for each set of books.

B. Enable the profile option that automatically creates intercompany accounting across sets of books.C. Enable the Balance Intercompany Journal option when defining each set of books.D. Create a clearing company for each set of books to handle many-to-many intercompany accounting in each

set of books.E. Enable security for the Company and Intercompany segments, and define appropriate security rules, and

assign them to the responsibility for each set of books.



QUESTION 151The Certpaper.com Corporation has five segments in its accounting flexfield. For a special Profit and Lossreport, they want to sort by the fourth segment, which is product. In which definition would this be done?

A. Row SetB. Row OrderC. Any of the aboveD. Content Set



QUESTION 152Certpaper, the GL accountant comes to you and says that to minimize maintenance efforts, disabled accountcode combinations should be automatically deleted from budget organization periodically. At the same time, ifnew account code combinations have been defined, then these should be automatically added. What is yourresponse?

A. To do this, automatically run the Maintain Budget Organization program periodically.B. It is possible to automatically delete the disabled account code combinations, but new accounts need to be

added manually.C. If the client wants to do this, then customization of workflow is the only option.D. Oracle GL budget functionality cannot satisfy this requirement.E. It is possible to automatically add new account code combinations, but disabled accounts Certkey.com -

Make You Succeed To Pass IT ExamsCertkey 1Z0-516need to be deleted manually.



QUESTION 153What is a benefit of the secondary tracking segment?

A. Additional security ensures that correct accounts are selected while entering transactions.B. The Management segment is enabled automatically when the secondary segment is defined.C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/

losses accounts.



QUESTION 154Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurringjournals, mass allocations, and manual journal entries have been posted for their European subsidiary. What isthe next logical step in the period-close process?

A. opening the next periodB. closing the current periodC. revaluing foreign currency balancesD. translating to the functional currencyE. consolidating to the parent set of books



QUESTION 155Select two actions that ledger sets permit. (Choose two.)

A. performing variance inquiriesB. being used for mass budgetsC. sending budget balance inquiriesD. viewing account balances for multiple ledgers in one view

E. grouping multiple ledgers that share the same chart of accounts and calendar

Correct Answer: DESection: (none)Explanation


QUESTION 156Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choosethree.)

A. Create aliases.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. Define a value set.C. Define security rules.D. Define an account structure.E. Define valid segment values.F. Create account combinations.

Correct Answer: BDESection: (none)Explanation


QUESTION 157Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

A. It is an integrated extension of a ledger.B. It replaces multiple reporting currencies.C. Reporting currencies are the same as secondary ledgers.D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing

options.



QUESTION 158Identify the four setup options that control supplier defaults. (Choose four.)

A. financial optionsB. payables optionsC. receiving optionsD. purchasing optionsE. Payables system setupF. Trading Community Architecture (TCA)

Correct Answer: ABDESection: (none)Explanation


QUESTION 159Identify three ways that an invoice can be submitted for validation. (Choose three.)

A. online by clicking the Validate button in the Invoice Batches windowB. online by clicking the Validate and Account button in the Invoice Batches windowC. in batch by submitting the Payables Invoice Validation program from the Invoice WorkbenchD. in batch by submitting the Payables Invoice Validation program from the Submit Request windowE. online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice

Actions window



QUESTION 160You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:1. They want to be able to pay only certain types of suppliers by batch.2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without userintervention.3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment isautomatically not issued.To meet the above requirements, you perform these steps:

A. Set up suppliers with pay groups for each type, and use them when running the payment batch.B. Set up the payment batch with Maximum Outlay equal to $100,000 USD. c) Set up the payment batch with

Maximum/Minimum payments as $10 USD and $10,000 USD. Which requirements have you met?C. 2 and 3D. 1, 2 and 3E. 1 and 2F. 1 and 3



QUESTION 161Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choosethe correct description for wire.

A. a paper check to print and send to a supplierB. an EFT, EDI, or XML to the bank of a supplierC. a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier

D. transmission of payment information to an external party, such as your bank, that prints checks on yourbehalf



QUESTION 162With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements.When you reconcile payments using Oracle Cash Management, Cash Management updates the status ofpayments. Select the new status.

A. issuedB. updatedC. negotiable


D. reconciled



QUESTION 163Which event reverses an accrual for an item set to accrue on receipt?

A. paying an invoiceB. delivering goods to a final destinationC. running the Receipt Accruals - Period-end processD. matching an invoice in Payables to a purchase order



QUESTION 164Identify three setup options that are defined in the Financial Options window. (Choose three.)

A. interestB. retainageC. miscellaneousD. expenses clearingE. expense AP accrual account

Correct Answer: BCDSection: (none)

Explanation


QUESTION 165Select two actions available in Oracle General Ledger. (Choose two.)

A. deleting posted journalsB. exporting data to subsidiary ledgersC. importing data from subsidiary ledgersD. consolidating balances in subsidiary ledgersE. consolidating balances from multiple ledgers



QUESTION 166Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to GeneralLedger?

A. Oracle AssetsB. Oracle ProjectsC. Oracle TreasuryD. Oracle Receivables


E. Oracle Property Manager



QUESTION 167Identify the different types of data that can be processed using the GL Interface. (Choose three.)

A. ratesB. budgetC. vendorsD. statisticalE. intercompanyF. currency codes



QUESTION 168Choose the reason why Tina is unable to view the subledger entries from Oracle Payables in the OracleGeneral Ledger module. She has run the transfer program that completes successfully.

A. Journal Import is not submitted.B. The Journal source is not defined.C. The Journal category is not defined.D. Payables is not integrated with General Ledger.



QUESTION 169ABC Corporation has five companies, which operate in different industries. Each company has a differentledger-processing option that is industry specific. Choose the number of primary ledgers that are required to bedefined.

A. fiveB. fourC. twoD. oneE. three



QUESTION 170Choose three tables that will be populated when the Journal Import process is run with the


option to post set as "Yes." (Choose three.)

A. GL_JE_LINESB. GL_JE_BATCHESC. GL_JE_HEADERSD. GL_JE_SOURCESE. GL_IMPORT_REFERENCES



QUESTION 171Select three levels where additional reporting currency representations can be maintained.(Choose three.)

A. batchB. journalC. balanceD. subledger



QUESTION 172You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have aglobal presence in many countries and transactions in multiple currencies. The implementation team decidesthat the Oracle General Ledger multi-currency setup will be a part of the implementation. The client's ChiefFinancial Officer wants a system that has these features:1. Enter transactions and reports in any currency.2. Enter exchange rates online or automatically.3. Calculate realized and unrealized gains and losses. IV. Translate actual and budget balances.4. Produce foreign currency financial statements and reports. Which requirements can be satisfied with theimplementation?

A. 1, 2, and 3 onlyB. 1, 2, 3, and 4 onlyC. 1, 2, 4, and 5 onlyD. All requirements from 1 through 5 can be satisfied.



QUESTION 173Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choosethree.)


A. Enter transactions and reports in any currency.B. Enter exchange rates online and automatically.C. Translate only actual but not budgeted balances.D. Translate only budgeted but not actual balances.E. Use daily, period end, average, and historical rates.



QUESTION 174Which 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.



QUESTION 175John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entirecompany. John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the companyaccountant, 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. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to

USD.C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of

cross-rate rules.D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and

INR currency.E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and

INR currency.



QUESTION 176Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board ofdirectors 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 doneduring the year. Select two prerequisites that George must comply with to ensure that the revaluation is done asdesired. (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.



QUESTION 177ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstandinginvoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5.Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company,reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack.(Choose two.)

A. XYZ Company is not impacted at all by this rate change.B. XYZ Company has a positive impact by this rate change.C. ABC Company is not impacted at all by this rate change.D. ABC Company has a positive impact by this rate change.



QUESTION 178Select two statements that are correct for the secondary tracking segment. (Choose two.)

A. Only the natural account segment or the balancing segment can be specified as the secondary trackingsegment.

B. Any segment that is specified as the secondary tracking segment also must be specified as themanagement segment.

C. Any segment, except the natural account segment or the balancing segment, can be specified as thesecondary tracking segment.

D. This segment will be paired with the balancing segment when generating account balances for retainedearnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

E. This segment will be paired with the natural account segment when generating account balances forretained earnings account, unrealized gains or losses account, and the cumulative translation adjustmentaccount.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 179

Identify four consolidation tools. (Choose four.)

A. Interface Data TransformerB. Global Consolidation SystemC. Global Intercompany SystemD. Financial Statement GeneratorE. Applications Desktop Integrator



QUESTION 180Identify two correct statements about the consolidation feature of Oracle General Ledger.(Choose two.)

A. Both budget and actual balances can be consolidated.B. Consolidation is possible only when the subsidiaries use multiple Oracle application instances.C. You can consolidate balances only when there are separate ledgers for different companies.D. You can maintain multiple companies with similar or different accounting structures and consolidate their

results for meaningful financial reporting.



QUESTION 181ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates theaccounts of all subsidiaries and the headquarters by using the average balances.John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for thecurrent month. On completion of the consolidation, John was not able to tally the consolidated figures with theledgers. Select two reasons why John failed to see the correct balances. (Choose two.)

A. Posting of the consolidation journals may have failed.B. He forgot to add the prior periods consolidation in the current period.C. Manual adjustment needed after every consolidation was not performed.D. John may not have reversed the prior periods consolidation in the current period.




Select two restrictions that apply to consolidating budget balances. (Choose two.)

A. If the source and target budgets share the same calendar, you must consolidate a specific period to aspecific period.

B. If the source and target budgets share the same start period, you must consolidate a specific period to aspecific period.

C. If the source and target budgets do not share the same ledger, you must consolidate a specific period to aspecific period.

D. If the source and target budgets do not share the same calendar, you must consolidate a specific period toa specific period.

E. If the source and target budgets do not share the same start period, you must consolidate a specific periodto a specific period.



QUESTION 183Select three statuses of the consolidation workbench. (Choose three.)

A. postedB. enteredC. exportedD. reversedE. transferred



QUESTION 184Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

A. It ensures reapplication of the same rules each time you transfer.B. IDT provides greater flexibility by performing no validation on the imported data.C. User-defined conditions enable you to control when transformation rules must be applied.D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.E. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less

time consuming.



QUESTION 185Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements

that apply to consolidating ledgers with different charts of accounts. (Choose three.)


A. Only one action can be defined per parent segment.B. Consolidations based on account rules process faster.C. Consolidations based on segment rules process faster.D. Segment rules override account rules if there is any conflict.E. A segment rule action must be defined for each segment in the parent chart of accounts.



QUESTION 186Which two are true about elimination? (Choose two.)

A. You can define balancing options for eliminating entries.B. You can define an elimination set to contain one elimination entry.C. Currency is an optional component when defining an elimination set.D. You must specify an elimination company in the Elimination Sets window.



QUESTION 187All manual journal entries are defaulting to a non-current period. Which step was omitted from the accountingcycle?

A. updating the periodB. posting journal entriesC. consolidating financialsD. reversing journal entriesE. translating foreign balances



QUESTION 188Select the correct sequence of tasks required for period closing in Oracle General Ledger.1. Verify that all journals are posted.2. Close the period of each subledger.3. Run the Trial Balance report and other month-end reports.4. Close the period and open the next period.

5. Perform reconciliation of subsidiary ledgers.6. Transfer and import data from all subledgers.

A. 6, 5, 2, 1, 4, 3B. 3, 2, 1, 6, 4, 5C. 6, 5, 1, 3, 2, 4D. 6, 5, 2, 1, 3, 4


E. 6, 2, 3, 1, 5, 4



QUESTION 189Which four attributes are validated during the Journal Import process? (Choose four.)

A. periodB. approval levelC. balanced journalD. cross-validation ruleE. account combinationF. journal sequence number



QUESTION 190You have a new employee in the buying department. She set up a number of item numbers and chose not toflag them for invoicing. Several transactions have been completed in Order Management by using these newitem numbers. What effect would this event have on the Receivables closing process?

A. The transactions would be flagged as exceptions.B. The transactions would be deleted from the system.C. The transactions would prevent Receivables from being closed.D. The transactions would prevent Order Management from being closed.



QUESTION 191Identify two types of inquiries that are possible on ledger sets. (Choose two.)

A. variance inquiryB. summary template and summary account inquiriesC. a budget balance inquiry to view the budgeted figuresD. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are

assigned to a ledger setE. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are

assigned to a ledger set



QUESTION 192Your client is in the process of closing its first year-end. The client completed the accounting


cycle and found that several income statement accounts have a remaining balance. What would be the likelycause of these remaining balances?

A. Natural accounts were defined as parent values.B. Natural accounts were defined to not allow posting.C. Natural accounts were defined with an incorrect account type.D. Natural accounts were defined to store both statistical and monetary values.



QUESTION 193Identify the three reports that can be processed using the State Controller window. (Choose three.)

A. Consolidation AuditB. Consolidations JournalC. Consolidation FinancialD. Consolidation ExceptionsE. Consolidation Balance Inquiry



QUESTION 194Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books.Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Selecttwo steps that you would perform to identify the error.

(Choose two.)

A. Review the workflow process.B. Evaluate the mapping settings.C. Review the GL_Interface tables.D. Confirm the account hierarchy setups.E. Run the period close by using a different amount type.



QUESTION 195ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the twosteps that must be performed to provide ABC Company with this information. (Choose two.)

A. Run the Trial Balance report.B. Execute an online budget inquiry.C. Execute an online account inquiry.


D. Review the Account Analysis report.E. Run financial statement generator reports.



QUESTION 196Identify what three considerations must be executed before creating a report by using the financial statementgenerator. (Choose three.)

A. Download Web ADI.B. Create the database link.C. Determine the data to be reported.D. Define attributes for rows and columns.E. Decide which rows and columns will make up the report.



QUESTION 197Which two actions would you perform by using the column set builder function? (Choose two.)

A. assigning accounts

B. creating the format maskC. defining calculations in the new columnD. sorting rows based on values in a column



QUESTION 198Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in OracleGeneral Ledger (Choose two.)

A. Attach the fiscal calendar.B. Define rows and columns.C. Build a report by using rows and columns.D. Specify the default ledger for ledger sets.E. Determine which rows and columns make up your report.



QUESTION 199In the course of implementing Oracle General Ledger, you and your customer have created a number ofFinancial Statement Generator reports in a test environment. These reports have been tested and you are nowready to create them in your production environment. You are ready to run the FSG Transfer program. Whattwo requirements are necessary to run this


program? (Choose two.)

A. Database links must be defined.B. The same ledgers must be defined in both instances.C. Enable the FSG: AutoCopy profile option in the production environment.D. The same row and column sets must exist in the production environment.



QUESTION 200XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want tosort by the fourth segment, which is "product." Select the element that would meet this need.

A. row set

B. row orderC. content setD. column set



QUESTION 201Identify two true statements about using column sets in an FSG report. (Choose two.)

A. Formats can be set for each column.B. Accounts cannot be assigned to a column set.C. Calculations can be performed by using columns.D. The seeded column sets provided must be used.



QUESTION 202During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts asnegative numbers. The customer requires the credit amounts on the reports to be positive instead of negative.Identify the solution that must be implemented to meet the customer's requirements.

A. Inform the customer that this requirement would require a customization.B. Select the change sign check box for the related row or column definition.C. Deselect the change sign check box for the related row or column definition.D. Create a journal by doubling the values wherever the report is displaying negative numbers.



QUESTION 203You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legalentities to support operations in the US (East), the US (West), the UK, and France. The chart of accounts andaccounting calendar are similar for all entities except France. Only the UK operations want to enable averagebalances and journal approvals. What would be the minimum number of setups needed to meet this need?

A. fourB. twoC. oneD. three



QUESTION 204Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.

A. unlimitedB. two per primary ledgerC. one per primary ledgerD. one per primary ledger with a reporting currency



QUESTION 205John has created two ledgers: one primary and one secondary. The primary ledger stores transactional dataand the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts,accounting calendar or period-type combination, and currency as the associated primary ledger. John wants toobtain a complete accounting representation that includes both transactional data and adjustments whilerunning reports.Identify the best option.

A. Merge the primary ledger and the secondary ledger, and run reports.B. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.C. Transfer transactional data from the primary ledger to the secondary ledger while running reports.D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running

reports.



QUESTION 206ABC Enterprise has operations in the US and its headquarters in the UK. They share the same


chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK managementrequires reporting on receivables from its US operations in GBP each month. Identify the best option for the USoperations to report to their parent.

A. Create an account-level reporting currency.B. Create a subledger-level reporting currency.C. Create a journal-level reporting currency for every transaction.

D. Create a balance-level reporting currency and run general ledger translation.



QUESTION 207ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations haveseparate legal and statutory requirements. The tax requirements also differ for each country. Identify the actionyou would perform to set up Oracle General Ledger.

A. Create a separate legal entity and accounting setup for each operation.B. Create one legal entity and three accounting setups for the US, France, and Italy.C. Create three legal entities for the US, France, and Italy, and one accounting setup.D. Create three legal entities for each operation. Create one accounting setup for France and Italy, and one for

the US.E. Create two legal entities: one for France and Italy, and one for the US. Create two accounting setups: one

for France and Italy, and one for the US.



QUESTION 208XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, andChina. The Australian and the US operations can share the same chart of accounts segments, and the UK andChina operations can share the same chart of accounts segments. All operations share the same calendar orperiod-type combination, but not the currency. Each country requires that a separate accounting data bemaintained. Identify the number of legal entities to be created and the number of accounting setups.

A. Create one legal entity and four accounting setups.B. Create four legal entities and one accounting setup.C. Create two legal entities and four accounting setups.D. Create four legal entities and four accounting setups.



QUESTION 209ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US (West) hasbudgetary control enabled and the US (East) requires approvals for journals. All



operations share the same chart of accounts, accounting calendar, and subledger accounting method. The US(West) and the US (East) operate on the USD currency. The UK's currency is GBP, whereas France operateson the EUR currency. Identify the least number of legal entities and accounting setups to be created.

A. 1 legal entity and 4 accounting setupsB. 4 legal entities and 1 accounting setupC. 3 legal entities and 3 accounting setupsD. 4 legal entities and 4 accounting setups



QUESTION 210Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choosethree.)

A. have similar ledger processing optionsB. open and close periods simultaneouslyC. have tax requirements that are specific for a legal entityD. require autonomous document sequencing for a legal entityE. operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes



QUESTION 211The 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.



QUESTION 212Select two statements that are true about ledgers in Oracle General Ledger. (Choose two.)

A. Each accounting setup requires a primary ledger.B. Each accounting setup requires a primary ledger and a reporting ledger.C. Each accounting setup requires a primary ledger and an adjustment-only secondary ledger.D. Each accounting setup optionally requires one or more secondary ledgers and reporting currencies.




QUESTION 213You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and mustperform corporate and statutory reporting. It operates in a country that requires companies to have twocomplete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option forprimary and secondary ledgers.

A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger tosatisfy statutory reporting requirements.

B. Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger tosatisfy corporate reporting requirements.

C. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-onlysecondary ledger to satisfy statutory reporting requirements.

D. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-onlysecondary ledger to satisfy corporate reporting requirements.



QUESTION 214Select two valid statements that apply to chart of accounts structures for a global company.(Choose two.)

A. A segment of different chart of accounts structures can share the same value set.B. A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart

of accounts structure.C. If the same value set is used for two or more chart of accounts structures, the same security rules for that

segment cannot be assigned to multiple structures.D. It is possible to have multiple companies in the same set of books provided that they share the same chart

of accounts structure, accounting calendar, and reporting currency.



QUESTION 215You have been asked to demonstrate the basic functionality of Oracle General Ledger with a ledger thatreflects XYZ Company's business. Select four data elements that you would need to obtain from XYZ Companyto create a ledger for your demo. (Choose four.)

A. the suspense accountB. the intercompany accountC. the retained earnings accountD. the number of accounting periodsE. the base (functional) currency of the company


F. the accounting calendar with periods and the fiscal year-endG. the company organization structure for the chart of accounts

Correct Answer: CEFGSection: (none)Explanation


QUESTION 216Your client wants to report with Financial Statements Generator (FSG) and perform account inquiry at thesummary (business unit) level of the cost center segment. A business unit is a group of cost centers, and abusiness unit manager typically has several cost centers under his or her responsibility. Which option will meetthe client's requirements?

A. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for theparent cost centers; creating FSG based on the rollup groups

B. defining parent cost centers and a hierarchy of parent/child cost centers; creating summary accounts basedon the parent cost centers; creating FSG based on the parent cost center values

C. defining parent cost centers and a hierarchy of parent/child cost centers; defining summary accounts for theparent cost centers; creating FSG based on the parent cost center values or summary accounts

D. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for theparent cost centers, and summary accounts; creating FSG based on the parent cost center values orsummary accounts



QUESTION 217XYZ Company is implementing Oracle General Ledger. They want to record and report on expenses by costcenter. Identify three segments that must be defined for XYZ Company's accounting flexfield.(Choose three.)

A. projectB. accountC. balancingD. cost center

E. intercompany



QUESTION 218Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

A. balancesB. batch transfer


C. detail journalsD. line-level recordsE. summary journals

Correct Answer: BCESection: (none)Explanation


QUESTION 219ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report isautomatically created. Identify three components on which the Create Journal Entries Execution report reports.(Choose three.)

A. Budget JournalsB. Posted Journals reportC. Payables encumbrance entriesD. Purchasing encumbrance entries



QUESTION 220For each subledger, there must be one _____.

A. journal typeB. account typeC. journal sourceD. journal category



QUESTION 221A reversing journal entry can be posted into _____.

A. a current or any future open periodB. a past closed period and a current open periodC. a current open period and a never-opened period



QUESTION 222The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that anentry related to the Dec-04 period has not been entered. Dec-04 has a closed status. Now that the user has allthe approvals, he or she wants to know how to enter and post the journal in GL, ensuring that all balances arereflected correctly.What must the user do?


A. Open Dec-04; enter and post the journal; close the period.B. Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close all periods.C. Open Dec-04; enter and post the journal; run the Trial Balance report; close the period.D. The user cannot post to a prior period that is not in the current fiscal year. So, enter and post it in Mar-05.



QUESTION 223Select two components that are required to create the accounting setup by using Accounting Setup Manager.(Choose two.)

A. ledgersB. operating unitsC. data access setsD. definition access setsE. subledger accounting method

Correct Answer: AESection: (none)Explanation


QUESTION 224Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choosethree.)

A. Define operating units.B. Update accounting options.C. Complete the accounting setup.D. Define intercompany balancing rules.E. Create the accounting setup structure.F. Assign balancing segment values to legal entities.



QUESTION 225Identify two places where you can define a legal entity. (Choose two.)

A. set of booksB. data access setC. Legal Entity ConfiguratorD. HRMS organization setupE. Accounting Setup Manager



QUESTION 226The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections,the new government has decided to implement Oracle General Ledger. They want to change the accountingmethod to accrual basis. However, they also want to maintain the cash basis of accounting for reportingpurposes. As an implementation consultant, what one recommendation would you make to meet the aboverequirement?

A. Create two primary ledgers with the standard cash method.B. Create two primary ledgers with the standard accrual method.C. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.D. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.E. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.



QUESTION 227XYZ Limited has hired Jack as the Oracle General Ledger implementation consultant. Select three steps thatare required for creating a new accounting structure. (Choose three.)

A. Define jurisdictions.B. Define period types.C. Assign legal entities.D. Save the accounting structure.E. Define accounting representations.F. Define subledger accounting methods.



QUESTION 228Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accountingsetup. Which two are true for the creation of the accounting setup? (Choose two.)

A. Assigning legal entities to accounting setups is compulsory.B. After the subledger accounting method is assigned, it cannot be changed.C. Before completing the accounting setup, secondary ledgers and currency can be deleted.D. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year

defined.




You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East)and the US (West). They have one primary ledger for their US operations. They want to maintain an additionalledger for management reporting and analysis purposes. They want all their department managers in the US touse the additional ledger to book internal management adjustments that are not published in their financialstatements. Choose two statements that are true in the given scenario. (Choose two.)

A. The secondary ledger contains day-to-day transactions.B. The primary ledger must contain only management adjustments.C. The secondary ledger represents the complete management picture.D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.E. Use ledger sets to combine primary and secondary ledgers to get the complete management picture.



QUESTION 230ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weeklycalendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must bereflected in Toronto's books. What conversion method would you use?

A. Use journal-level secondary ledger conversion.B. Use subledger-level secondary ledger conversion.C. Use adjustment-level secondary ledger conversion.D. Use both subledger-level and adjustment-level secondary ledger conversion.



QUESTION 231ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart ofaccounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automatedadjustments. The New Delhi office does not need a complete ledger to perform management or statutoryreporting. Which four statements are true in the given scenario? (Choose four.)

A. The Mumbai ledger is an adjustment-only secondary ledger.B. Perform all adjustments in the Mumbai ledger.C. Perform all day-to-day transactions in the New Delhi ledger.D. Use ledger sets to combine transaction data and adjustment data.E. Perform all day-to day-transactions and adjustments in the New Delhi ledger.F. Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.



QUESTION 232In the context of adding, deleting, and disabling secondary ledgers, select two valid statements.(Choose two.)

A. The subledger accounting method must be assigned if defining a balance- or journal-level subledger.B. The subledger accounting method must be assigned only to the secondary ledger in case of defining a

subledger journals-level secondary ledger.C. The subledger accounting method must not be assigned if defining an adjustments-only secondary ledger

for manual adjustments in General Ledger.D. The subledger accounting method need not be assigned to the primary ledger for assigning a subledger

accounting method to the adjustments-only secondary ledger.E. The subledger accounting method must be assigned to both primary and secondary ledgers to use the

adjustments-only secondary ledger for both manual and automated adjustments from subledger accounting.



QUESTION 233Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structuremapped to their requirement.1. suspense account - suspense posting2. reserve for encumbrance account - exchange rate gain/loss3. non-postable net income account - average balance processing4. ledger currency balancing account - for using Oracle subledgers and balance subledger journals by theentered currency and balancing segment value5. entered currency balancing account - for using Oracle subledgers and balance foreign currency subledgerjournals by the ledger currency and balancing segment value Identify two correct mappings of accounts.(Choose two.)

A. 1B. 2C. 3D. 4E. 5



QUESTION 234To achieve the maximum summary account functionality for total (T), how must the value sets for eachsegment of the accounting key flexfield be set?

A. Precision must be set to one.B. The list type must be set to long list of values.


C. The maximum size of each segment of the accounting key flexfield must be five characters.D. The format type must be set to character, and the additional option of numbers only must not be selected.



QUESTION 235You need to verify that your system has enough resources to handle the volume of accounts that would begenerated by the summary account template. The template has been designed as follows:D-Region-DThe first segment is company, which has ten values. The second segment is division, which is represented bythe rollup group region. It has six parent values. The last segment is account, which has 500 values. How many

summary accounts would be generated by the template?

A. 60B. 500C. 3,000D. 5,000E. 30,000



QUESTION 236You have the following information:The Accounting flexfield structure is "company, department, product, account." Product has two rollup groups:domestic and international. Department has one rollup group:manufacturing. All accounting flexfield segment values can use alphanumeric characters. Which summaryaccount template would Oracle General Ledger fail to create? (D: Detail)(T:Total)

A. T-T-T-TB. T-D-D-DC. D-D-D-DD. D-T-domestic-DE. D-manufacturing-D-TF. T-manufacturing-international-D



QUESTION 237A manager wants to review the cash balance by company. He has asked you to create the summary accounttemplate. The company's accounting flexfield has four segments:


company (5 values)cost centers (30 values)region (4 values)account (180 values)The total number of cash accounts is five that are associated with two parents:Three accounts are associated with the parent called Checking. Two accounts are identified with the parentcalled Savings. To combine the cash parents, you create a rollup group named Cash. Which summary accounttemplate would you create to review the cash balances by company?(D: Detail) (T: Total)

A. D-D-D-CashB. T-T-T-Cash

C. D-T-D-CashD. T-D-T-CashE. T-D-D-CashF. D-T-T-Cash



QUESTION 238When summary account templates are associated with the check-level advisory of budgetary control funds,what two actions must you perform? (Choose two.)

A. The formula must be identified.B. The currency must be identified.C. The amount type must be identified.D. A debit or credit balance type must be assigned.



QUESTION 239How do you know funds are available in the budgetary control summary account template?

A. when the result is less than one, regardless of the balance typeB. when the result is greater than one, regardless of the balance typeC. when the debit balance type has a positive amount, and the credit balance type has a negative balanceD. when the debit balance type has a negative amount, and the credit balance type has a positive amount




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

A. Grandparenting is not allowed (parents cannot become children).B. You must include every parent value that is defined in the chart of accounts to a rollup group.C. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest

detail level.D. You can drill down only on balances from the summary level to the lowest detail level, and not to

intermediate detail levels.



QUESTION 241What are the five steps for creating MassAllocation journal entries? (Choose five.)

A. posting journal entriesB. reviewing journal entriesC. validating cross-validation rulesD. freezing the accounting flexfieldE. generating MassAllocation journalsF. creating the MassAllocation definitionG. validating the MassAllocation definition

Correct Answer: ABEFGSection: (none)Explanation


QUESTION 242The client's GL accountant comes to you with a problem. A journal cannot be posted because it has not beenapproved. The preparer cannot submit the journal for approval because the Approve button is disabled in theEnter Journals form and the supervisor has not received a notification requesting the approval. What could bethe possible cause for this problem?

A. The profile option GL: Allow Preparer Approval must be reset.B. One of the GL account code combinations in the journal is invalid.C. Authorization limits have not been defined properly and the GL period is closed.D. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.



QUESTION 243You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify twosetups required for journal approval. (Choose two.)


A. Enable journal approval for the Journal Category window.B. Disable the Journal: Find Approver Method profile option.C. Enable the Journal: Allow Preparer Approval profile option.D. Configure the GL journal approval process in Oracle Workflow Builder.



QUESTION 244Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two optionsthat are necessary to enable journal approval. (Choose two.)

A. key flexfieldsB. Journal Sources formC. Journal Categories formD. Journal Encumbrance Types formE. Journal approval on the Ledger Setup page



QUESTION 245Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

A. balancing segmentB. cost center segmentC. management segmentD. natural account segmentE. secondary tracking segment



QUESTION 246Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and issetting up FSG reports to be used by different users. One of the customer requirements is that all users withmodify access must not be able to modify privileges on FSG reports. Identify the correct option to meetcustomer requirements.

A. Enable the security on definition by selecting the enable security check box.B. Remove the security on definition by deselecting the enable security check box.C. Exclude the assign access function for those definitions from the user's responsibility.D. Define security rules and specify what actions can be performed by each user or a group of users.E. Set up profile options against each user and specify what actions can be performed by each user or a group

of users.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 247The management segment qualifier must be attached to which key flexfield segment?

A. future segmentB. account segmentC. company segmentD. department segmentE. intercompany segment



QUESTION 248Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many fundsavailable in the stationery account, whereas there is not much amount left for employee travel expenses. Saminstructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews thesituation and clarifies it to John. Choose what Sam would have explained to John.

A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made onlyafter a funds check.

B. There must be some budgetary control enabled on the stationery account, and a transfer can be made onlyafter a funds check.

C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and atransfer can be made only after a funds check.

D. It is not possible to transfer amount from one account to another unless the absolute amount is known. SoJohn should have calculated 80% of the stationery account and then tried to make the transfer.



QUESTION 249The GL accountant has defined the budget and wants the assistant accountants to enter and update thebudget. The GL accountant wants this budget to be the default. What would be your response?

A. If the client wants to do this, the budget status must be open.B. If the client wants to do this, the budget status must be current.C. The Oracle General Ledger budget functionality cannot satisfy this requirement.D. If the client wants to do this, customization of Oracle Workflow is the only option.



QUESTION 250Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have beenentered and approved by management. After approval, he wants his assistant accountants to NOT be able toupdate this budget. What would be your response?

A. The budget status must be current.B. Set the budget status to frozen to meet this need.C. The Oracle General Ledger budget functionality cannot satisfy this requirement.D. If the client wants to do this, customization of Oracle Workflow is the only option.



QUESTION 251Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She alsowants to know whether she could delete the budget organization after it has been defined. What would be yourresponse?

A. You can delete the budget and the budget organization after they have been defined.B. You cannot delete the budget or the budget organization after either has been defined.C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.



QUESTION 252Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current yearwhere the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided inmultiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the threebudget rules that Jack must use to minimize the effort. (Choose three.)

A. Use the divide evenly rule with the 4/4/4 spread.B. Use the divide evenly rule with the 4/5/4 spread.C. Use the divide evenly rule with the 5/4/4 spread.D. Use the divide evenly rule with the 4/4/5 spread.



QUESTION 253Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current yearwith reference to the capital expenditure budget of the previous year.


The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZCompany has thirteen periods. Which budget rule must Sam use to minimize the effort.

A. prior year budget monetary and prior year budget statisticalB. prior year actual monetary and current year budget statisticalC. prior year budget monetary and current year budget statisticalD. current year actual monetary and current year actual statisticalE. current year budget monetary and current year budget statistical



QUESTION 254Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must performusing a supplier. (Choose three.)

A. You receive goods or services from suppliers.B. You need supplier information for entering purchase orders.C. You must pay the supplier for the goods or services purchased.D. You need a supplier as the criterion to search for a payment in the system.E. You need a supplier as the criterion to search for purchase orders in the system.



QUESTION 255Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Selectthree activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)

A. canceling invoicesB. performing receivingC. scheduling paymentsD. creating purchase ordersE. creating purchase order detailed accounting information

Correct Answer: BDE



QUESTION 256Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-BusinessSuite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module.

A. AssetsB. Payables


C. PurchasingD. ReceivablesE. General Ledger



QUESTION 257Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modulesthat integrate with Oracle Payments. (Choose three.)

A. AssetsB. PayablesC. ReceivablesD. Cash ManagementE. Order Management



QUESTION 258There are five major business functions that occur sequentially during the natural flow of the Payablesprocesses. Consider this list of five steps:1. Invoice Payment2. Invoice Validation3. Invoice and Payment Accounting4. Supplier Entry5. Invoice Import/EntryWhat is the order in which these steps must be performed?

A. 1, 2, 3, 4, 5B. 4, 5, 2, 1, 3C. 5, 3, 1, 2, 4D. 3, 1, 4, 2, 5

E. 4, 2, 5, 1, 3



QUESTION 259There are many fields with important data displayed on the main page of the Payables Overview window.Which three fields do NOT appear in the Payables Overview main window? (Choose three.)

A. TermsB. PaygroupC. Trading Partner


D. Settlement DateE. Remit-To Bank Account Name



QUESTION 260What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)

A. The invoice has no holds.B. The invoice must be posted to General Ledger.C. The invoice has been transferred to General Ledger.D. The invoice distribution has "Track as Asset" selected.E. The distribution account is an Asset Clearing or CIP account.



QUESTION 261Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

A. Tolerances are enforced.B. The quantity billed is updated.C. The quantity received is updated.D. The purchase order accounting information is copied to the invoice.



QUESTION 262Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)

A. standardB. prepaymentC. debit memosD. credit memos



QUESTION 263Identify four interface tables that are available in Oracle Payables. (Choose four.)

A. Payables Open InterfaceB. Suppliers Open Interface


C. Payables PCard InterfaceD. Payables Payments InterfaceE. Payables PO Matching InterfaceF. Payables Invoice Open Interface

Correct Answer: ABCESection: (none)Explanation


QUESTION 264There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oraclemodules that are directly integrated with Oracle Payables. (Choose four.)

A. LoansB. PurchasingC. Bill of MaterialsD. E-Business TaxE. Order ManagementF. Cash ManagementG. System Administrator

Correct Answer: ABDFSection: (none)Explanation


QUESTION 265Select three types of Payables open interfaces that will import data into Payables from other applications orthird-party solutions. (Choose three.)

A. PCard Open InterfaceB. Supplier Open InterfaceC. Matching Open InterfaceD. Receiving Open InterfaceE. Payments Open Interface



QUESTION 266Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choosethree.)

A. ledgerB. paygroupsC. legal entitiesD. responsibilitiesE. business groups



QUESTION 267To set up and use Multiple Organization Access Control (MOAC) most effectively, you need to define threeprofile options. (Choose three.)

A. MO: Operating UnitB. HR: Security ProfileC. MO: Security ProfileD. HR: Business GroupE. MO: Default Operating Unit



QUESTION 268

Select four options that can be set at the supplier site level. (Choose four.)

A. surveysB. tax detailsC. accountingD. bank detailsE. business classification



QUESTION 269You are at a client site that has thousands of suppliers in their current legacy system that will end up in theOracle Production system. Before conversion, you must perform a supplier cleanup on these numerous namesand sites. Which three naming conventions would you use for "Best Practices" during the supplier cleanup?(Choose three.)

A. Use Last Name, First Name to identify employees as suppliers.B. Create some supplier names in uppercase and others in mixed case.C. Use abbreviations in the supplier name even it is not abbreviated on the invoice.D. Remove all punctuation marks (commas, periods, and so on) from the supplier name.E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.



QUESTION 270You are on a phased-approach implementation. Payables and Purchasing are being implemented in PhaseOne, and Assets in Phase Two. Identify three choices in the process for the best way to discuss suppliernaming conventions and supplier site naming conventions.(Choose three.)


A. Agree upon naming conventions.B. Gather only the Payables and Purchasing personnel.C. Document conventions and obtain the sign-off by authorized approvers later.D. Document conventions and obtain the sign-off by authorized approvers immediately.E. Gather all interested parties for requirements-including Assets, Payables and Purchasing.



QUESTION 271The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used toaccount for _____.

A. exchange rate variance in invoices and paymentsB. invoice price variance in purchase orders and invoicesC. exchange rate variance for expense items in purchase orders and invoicesD. exchange rate variance for inventory items in purchase orders and invoices



QUESTION 272Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts,invoices, accruals, and expense reports. The client must have much of this information loaded into OracleAccounts Payable daily until they can effectively retire these three systems. Identify the best approach thatinvolves minimal customization.

A. Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in otherinformation.

B. Use Invoice Import to bring in invoice and invoice accrual information. The rest requires custom interfacesto be developed.

C. Use Invoice Gateway to bring in invoice information, and Supplier Import for suppliers. The rest requirescustom interfaces to be developed.

D. Use Invoice Import to bring in all the above information after setting the correct profile options and definingthe appropriate AP and non-AP transaction sources. No custom interfaces are needed.

E. Use Invoice Gateway to bring in the invoice, invoice accrual, and expense report information; and SupplierImport to bring in supplier information. The rest requires custom interfaces to be developed.



QUESTION 273Company K has identified these business requirements for their Payables operations:1. All invoices must be part of a batch.


2. Discounts must be taken in all situations.3. Invoices must be numbered by the system.4. Accounting entries must be created for all invoice types.5. All credit memos above a certain dollar amount must be approved before entry.6. Four-way matching is enforced.Select the profile option to be configured that will satisfy the above requirements.

A. AP: Invoice MatchB. AP: Use Invoice Batch Controls

C. AP: Enable Invoice AutonumberingD. AP: AP Discounts Interface Start DateE. AP: Use Invoice Accounting For Credit Memos



QUESTION 274ABC Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty cost centers each time an invoice isreceived from them. The cost centers that are to be charged require minimal updating. Select the option youwould recommend that requires minimal ongoing maintenance.

A. Import predefined invoices from an Excel spreadsheet.B. A customization may be created to allocate the charges at the end of the month.C. Create an invoice and use the prorate functionality to allocate the cost across accounts.D. Make it an operational policy that all invoices of this type are created listing all the desired accounts.E. Create a distribution set for all the desired accounts and associate it to all new invoices for this supplier.



QUESTION 275Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL andInterface Supplier Costs are processed each night. A descriptive flexfield called SAI Value has been defined onthe invoice header to capture additional information, and is used in conjunction with the accounting on theinvoices. This is not a required field. There is a corresponding user-defined hold called SAI Hold, which ismanually applied whenever an invoice is created and the SAI Value has not been provided to Company Z bythe supplier. During weekly reviews of accounting, users have found that invoice transactions that are on SAIHold are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.

A. Invoices have not been validated.B. The current General Ledger period is closed.


C. The current Project Accounting period is closed.D. The Payables Accounting process has not been run.E. Accounting is not being created by the user-defined hold.F. The descriptive flexfield field must be a required field, and not an optional field.



QUESTION 276Select three invoice types that can be entered ONLY in the Invoice Workbench, and CANNOT be entered via

the Invoice Gateway. (Choose three.)

A. debit memosB. credit memosC. prepaymentsD. PO default invoiceE. PO standard invoice



QUESTION 277Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

A. using a distribution setB. creating through allocationsC. matching the invoice to a shipmentD. using the Distributions Open InterfaceE. manually entering in the distributions window



QUESTION 278Company XYZ has received an invoice that includes freight charges. They want to distribute the freight chargesproportionately to the same accounts that were charged for the items. Identify the steps they need to follow tocreate the freight distributions.

A. Manually enter freight-type distributions for each account that was charged.B. Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.C. Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.D. In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate,

and select the distributions to which freight charges would be allocated.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 279ABC Corp. requires that all invoices are matched to both a purchase order and a receipt. Invoice tolerances areset to zero. A standard purchase order is entered for consulting services. An invoice is entered and matchedagainst a purchase order. The total invoice amount matches the distribution amount. When the steps toprepare the invoice for payment are completed, the invoice is placed on hold. The company's business policy

states that all holds cannot be manually released. To pay the supplier, identify the step to be completed toremove the hold and be eligible for payment.

A. Inspection is required because it is a three-way match.B. Manually release the hold because it is not a system hold.C. The service must be received in Purchasing because three-way matching is required.D. The service must be received in Accounts Payable because it is a purchase order for a service and not a

commodity or item.E. Change the invoice tolerances in the Payables Options form to be greater than zero, so that the invoice

does not go on hold again.



QUESTION 280Which two statements are true if you select the QuickMatch invoice type? (Choose two.)

A. You can use QuickMatch to match individual distribution lines.B. You can use QuickMatch to match individual purchase order shipments.C. Payables automatically completes the match to all available shipments on the purchase order.D. Payables automatically creates invoice distributions on the basis of the purchase order distributions.



QUESTION 281Which three are true regarding purchase order-matched invoices? (Choose three.)

A. You can set up controls in your system to require you to purchase order-match each invoice.B. You can set up controls in your system to require you to invoice-match credit /debit memos that have been

matched to a purchase order.C. You can set an option on a purchase order shipment that controls whether invoices must match that

shipment directly or through a receipt.D. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice

are less than the amounts or quantities on the purchase order or Certkey.com - Make You Succeed ToPass IT ExamsCertkey 1Z0-516receipt.

E. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoiceare greater than the amounts or quantities on the purchase order or receipt.



QUESTION 282Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated,but have been unable to create accounting entries. You have been asked to review the situation. Identify whatcould be causing this problem.

A. The base currency has not been defined.B. Automatic offsets have been set to balancing.C. The primary accounting method has not been defined.D. The Payables Accounting Process was not submitted.E. The account for gain or loss attribute has not been enabled.



QUESTION 283Identify four functions of the Invoice Validation process. (Choose four.)

A. applying any required holdsB. releasing any qualifying holdsC. applying all prepayments and discountsD. validating the General Ledger accounting informationE. validating and creating accounting entries for the invoiceF. ensuring that the total amount of all distributions equals the invoice totalG. creating an additional distribution for any difference between the total amount of all distributions and the

invoice total



QUESTION 284A client has a requirement for their Payables application:1) AP must automatically create balancing accounting entries for invoice and payment transactions by using theexpense GL Account.2) Stop the application of a prepayment amount to an invoice or expense report amount that is charged to adifferent balancing segment.Which two steps would satisfy both these requirements? (Choose two.)

A. Set the Automatic Offset Method to Accrual.B. Set the Automatic Offset Method to Account.C. Set the Automatic Offset Method to Balancing.


D. Enable the Prevent Prepayment Application Across Offset Segments option.E. Enable the Prevent Prepayment Application Across Account Segments option.F. Enable the Prevent Prepayment Application Across Balancing Segments option.

Correct Answer: BF



QUESTION 285Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate theinvoice. After this process is run, there is data that cannot be updated, modified, or changed. Choose three datafields that cannot be updated, modified, or changed after the Invoice Validation process has run and this invoicehas a prepayment applied to it.(Choose three.)

A. invoice dateB. supplier siteC. trading partnerD. supplier numberE. invoice description



QUESTION 286Identify three invoice holds that cannot be manually released. (Choose three.)

A. Acct Hold ReasonB. Funds Hold ReasonC. Invoice Hold ReasonD. Variance Hold ReasonE. Insufficient InformationF. Matching Hold ReasonG. Prepaid Amount Reason

Correct Answer: AEGSection: (none)Explanation


QUESTION 287You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice frombeing selected in a Payment Batch, and paid. Identify the Payables window where you can select the Holdcheck box to place the invoice on a Payment Hold.

A. Enter PaymentsB. Invoice OverviewC. Invoice DistributionsD. Scheduled Payments




QUESTION 288Select the three windows where a user can manually release an invoice hold or payment hold.(Choose three.)

A. HoldsB. ActionsC. Invoice LinesD. All DistributionsE. Scheduled Payments



QUESTION 289Identify the item that requires approval through the workflow process.

A. invoices not matched to a purchase orderB. invoices that existed before you enabled the featureC. expense reports imported through the Payables Expense Report Import ProgramD. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option

enabled



QUESTION 290A client is implementing ACH and has a business requirement that all invoices go through an approval processflow. Identify three features of the Invoice Approval Workflow that would meet their requirement. (Choosethree.)

A. allows automatic resubmission of an invoice if rejection occursB. has predefined criteria to identify which invoices require approvalC. allows approval routing management from one central responsibilityD. provides automatic routing of invoices upon approval to another designated approverE. allows for corrections to invoices to be made while still in the approval routing processF. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted

to the next approver

Correct Answer: BDF



QUESTION 291Identify three true statements about the invoice approval workflow. (Choose three.)

A. If an approver rejects the invoice, the Workflow program ends.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. If an approver does not respond within the time you specify, Workflow routes the invoice back to theoriginator.

C. If an approver does not respond within the time you specify, then Workflow requests approval from thatperson's manager.

D. If an approver approves the invoice, the invoice goes to the next person in the approver list until all requiredpeople approve the invoice.

E. If the invoice amount is changed after the invoice is already submitted to the approval process or after theprocess is complete, the system does not automatically resubmit the invoice for approval.



QUESTION 292Using the Payables System Setup Options form, you can enable autonumbering for _____.

A. invoicesB. suppliersC. paymentsD. employeesE. expense reports



QUESTION 293Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select twoexceptions where Payables automatically sets the approval status to not required. (Choose two.)

A. invoices imported through EDIB. invoices created after invoice workflow approval is enabledC. invoices created using the Pay on Receipt Autoinvoice programD. expense reports imported through the Payables Expense Report Import programE. recurring invoices if the approval workflow option required was not enabled on the template

Correct Answer: DE



QUESTION 294Identify four purposes for which the Special Calendar is used. (Choose four.)

A. payment termsB. recurring invoicesC. Key Indicators ReportD. automatic tax withholdingE. opening and closing payables periods


F. controlling the number of future periods



QUESTION 295Select four tips that can be used to speed up data entry. (Choose four)

A. Use quick invoices.B. Use distribution sets.C. Use recurring invoices.D. Use keyboard shortcuts.E. Use only invoices without holds.



QUESTION 296Identify three statements that properly describe the use of distribution sets. (Choose three.)

A. Assign a distribution set to an invoice when you enter it.B. Use full distribution sets to create distributions with no set percentage amounts.C. Use skeleton distribution sets to create distributions with set distribution amounts.D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that

supplier site.E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a

purchase order.



QUESTION 297ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12.Identify three statements that are true for invoice conversion. (Choose three.)

A. Merge all paid invoices for a supplier.B. Invoices related to employee expense cannot be converted.C. Establish a cutoff date after which invoices will be entered in Payables.D. Use Payables Open Interface to convert unpaid invoices and credit memos.E. Develop metrics that will be used to determine whether data conversion was successful.



QUESTION 298Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts.They will use payment batches, quick payments, and manual payment


processing. Select three payment methods that are available based on the company's requirements. (Choosethree.)

A. wireB. checkC. clearingD. electronic funds transfer (EFT)E. electronic data interchange (EDI)F. extensible markup language (XML)



QUESTION 299Which statement is true about paying invoices?

A. An invoice can be paid without being validated.B. An invoice can be paid only after the invoice accounting entries are created.C. An invoice must be validated before you can create invoice accounting entries.D. Invoice accounting entries and payment accounting entries can be transferred at different times to General

Ledger only if they are in different calendar periods.E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at

the same time if they are in the same calendar period.



QUESTION 300Which is the final step in processing a payment batch?

A. Cancel the payment batch.B. Confirm the payment batch.C. Validate the payment batch.D. Run the create accounting process.E. Transfer the batch to General Ledger.



QUESTION 301You are working on an implementation for Accounts Payable. Many payments for small suppliers will be madeoutside the system, but your client does not want to manually record them because that would be timeconsuming. Choose the best solution.

A. Create electronic payment batches by using a check payment method for those multiple suppliers, anddestroy those checks.

B. Create electronic payment batches by using a wire payment method for those multiple Certkey.com - MakeYou Succeed To Pass IT ExamsCertkey 1Z0-516suppliers, and then delete the resulting electronic file.

C. Create electronic payment batches by using a clearing payment method for those multiple suppliersbecause this payment method does not generate a file.

D. Create electronic payment batches by using an electronic payment method such as EFT for those multiplesuppliers, and then do not send the resulting electronic file to the bank.



QUESTION 302Identify the default value for the term date that would extend the time to pay an invoice, if the payment term isnet 30 days.

A. invoice dateB. system dateC. invoice entered dateD. goods received dateE. invoice received date



QUESTION 303Identify three Payables system setup options. (Choose three.)

A. bill-to locationB. always take discountC. allow void and reissueD. create interest invoiceE. application accounting definitions



QUESTION 304Identify three statements that describe Payment Terms. (Choose three.)

A. default from the supplier siteB. cannot be specified in import tablesC. can be used for electronic paymentsD. can be used to schedule payments for an invoiceE. automatically calculate due dates, discount dates, and discount amounts for each invoice



QUESTION 305Identify three options available to manage cash requirements. (Choose three.)


A. Include Only Due.B. Change Pay Groups.C. Select Payment Terms.D. Select additional Pay Through Days.E. Narrow the selection of invoices in pay run.



QUESTION 306Identify three features that speed up data entry. (Choose three.)

A. data loaderB. scan invoicesC. account aliasesD. customized foldersE. account distribution sets



QUESTION 307Identify three features of Payment Manager. (Choose three.)

A. updates a supplier's bank detailsB. provides calculation of the interest amountC. uses templates to select invoices to pay that meet the payment criteriaD. creates payment process request templates by specifying invoice selection criteriaE. automatically submits invoices via payment process requests to Oracle Payments for processing and

payment



QUESTION 308Identify three statements that are true for electronic or wire payment. (Choose three.)

A. A wire payment validates the supplier's bank details.B. More bank accounts for a supplier or supplier site can be added.C. Supplier banks must be assigned to the supplier for electronic payment.D. Payables does not require supplier bank account information for a wire payment.E. Electronic payment instructs the bank to make payment to a supplier bank account.



QUESTION 309Certkey.com - Make You Succeed To Pass IT Exams

Certkey 1Z0-516

Which three are true about internal bank accounts? (Choose three.)

A. They are defined to disburse funds to suppliers.B. They are defined for receiving payment from customers.C. They are defined to disburse electronic payments from your customers.D. They are defined for receiving electronic payments made to your suppliers.E. Internal accounts define bank accounts for which you are the account holder.



QUESTION 310Which two statements are true about defining payment documents? (Choose two.)

A. Checks and electronic payments are examples of payment documents.B. Credit and debit memos and checks are examples of payment documents.C. You can create only one payment document for each internal bank account.D. You must create at least one payment document before you can use a bank account to create invoice

payments.E. Use the Payment Documents window to define payment documents for internal, customer, and supplier

bank accounts.



QUESTION 311Identify three statements that are true for supplier's bank details. (Choose three.)

A. Suppliers maintain their bank details.B. Bank details are required only for manual check payments.C. Bank accounts can be added at any time for a supplier or supplier site.D. Payables uses bank account information to generate an electronic payment for a supplier.E. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.



QUESTION 312Identify three statements that are true for entering bank and branch details. (Choose three.)

A. Each bank must have at least one bank branch.

B. The bank account number is free-formatted information.C. Banks and bank branches are created for Cash Management.D. Bank accounts cannot be shared between bank and bank branches.E. Each bank can have multiple branches and each branch can have multiple accounts.




QUESTION 313Identify three statements that are true about bank and supplier payment. (Choose three.)

A. Primary bank account can be only at the supplier site.B. Credit and debit memos are examples of payment documents.C. Supplier's payment requires a bank account with at least one payment document.D. Use the Banking Details page to create bank accounts for making payments to suppliers.E. If bank accounts for a supplier site are entered, Payables defaults the supplier's active bank accounts.



QUESTION 314Identify three statements that are true about bank account information. (Choose three.)

A. Bank accounts are used to calculate the supplier's discount.B. Disbursement bank accounts cannot be used for payment.C. Payables, Receivables, and/or Treasury uses bank accounts.D. Payables uses an internal bank account to disburse funds to suppliers.E. Receivables uses a bank account to receive payments from customers.



QUESTION 315To transmit an electronic payment instruction manually, perform these four steps.1. In the Payments Manager, select the Payment Instruction tab.2. In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button.3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction:<number> page is displayed.4. From the Actions drop-down list, select Transmit and click the Go button. Arrange the steps in the propersequence they would be performed.

A. 1, 3, 2, 4B. 1, 2, 3, 4C. 1, 3, 4, 2D. 2, 3, 4, 1



QUESTION 316Identify four options for Quick Payments. (Choose four.)


A. Create a check, save it, and print it later.B. Select an invoice that has not been validated.C. Select an invoice that has one or more holds.D. Create a quick payment, and select an invoice regardless of the due date.E. Create a quick payment, and select an invoice regardless of the payments terms.F. Create and print a computer-generated payment to pay a supplier for one or more invoices.

Correct Answer: ADEFSection: (none)Explanation


QUESTION 317Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoiceover multiple dates. Identify the one invoice field that is NOT used on the Scheduled Payments tabbed page.

A. due dateB. bank accountC. gross amountD. trading partnerE. payment methodF. system hold reason



QUESTION 318Payment process request templates are created on the Templates tabbed page of the Payments Manager tosimplify pay run processing. All statements in the list below represent steps to create a payment processrequest template. Which one is the first step?

A. Specify payment attributes.B. Specify template header information.C. Specify the degree of pay run automation.D. Specify invoice payment selection criteria.E. Specify how the system handles validation failure on the document and payment levels.



QUESTION 319R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?

A. startB. stopC. save


D. submitE. searchF. subtab



QUESTION 320In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run?1. Review unselected invoices.2. Change the invoice amount or the discount taken.3. Add selected invoices to the payment process request.4. Remove selected invoices from the payment process request.5. Recalculate interest, payment withholding, or exchange rates.

A. All actions 1-5.B. 1, 3 and 4 only.C. 1, 2 and 5 only.D. 1, 2, 3 and 4 only.



QUESTION 321To review All of Todays selected invoices from the payment process request in the Payment Manager, performthese actions:

1. Navigate to the Payment Process Request component.2. Navigate to the (B) Views window.3. Select All of Todays from the drop-down list.4. Click the Go button.5. The payment process request for today is displayed. Select the actions, arranged in their proper sequence.

A. 2, 3, 4, 5B. 5, 2, 3, 4C. 1, 2, 3, 4, 5D. 5, 2, 3, 4, 5



QUESTION 322Which four selection criteria can be used when creating a pay run? (Choose four.)

A. supplierB. due date


C. customerD. pay groupE. invoice batchF. payment priority



QUESTION 323The Quick Payment method is best described as the method of _____.

A. creating a payment without an invoiceB. manually writing a check outside of PayablesC. recording a payment made outside of PayablesD. creating and printing a computer-generated payment to pay a supplier for one or more invoices



QUESTION 324You have received an invoice that requires an immediate payment. The next scheduled check run is not untilthe end of the week. Which two methods may you use to create the payment? (Choose two.)

A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench andcreate a quick payment.

B. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench andcreate a manual payment.

C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses thePayment Workbench and create a quick payment.

D. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses thePayment Workbench and creates a manual payment.



QUESTION 325Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)

A. You can select only those invoices that are due.B. If you want to pay multiple invoices, none can be a pay-alone invoice.C. If you want to pay multiple invoices, none can be of an invoice type of prepayment.D. You can pay only as many invoices as you defined for the remittance advice of the payment document.E. You can select only those invoices that have the same supplier site as the payment supplier Certkey.com -

Make You Succeed To Pass IT ExamsCertkey 1Z0-516site you enter.



QUESTION 326Choose the process that can be performed after a pay run has been formatted.

A. Change an invoice amount.B. Prevent payment to a supplier.C. Print checks from the output file.D. Prevent payment of a particular invoice.E. Add an invoice that Payables did not originally select.



QUESTION 327You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries arecreated in General Ledger. You perform these steps, in the order shown:1. Enter the supplier.2. Enter the invoice.

3. Create the pay run.4. Create payment accounting entries.5. Validate the invoice.6. Create invoice accounting entries.7. Transfer the information to General Ledger.What would be the result?

A. The invoice is not paid and no entries are created in General Ledger.B. The invoice is paid and all accounting entries are created in General Ledger.C. The invoice is not paid but the invoice accounting entry is created in General Ledger.D. The invoice is paid but only the invoice accounting entry is created in General Ledger.



QUESTION 328Select four occasions when the Create Accounting process can be run. (Choose four.)

A. after the payment processB. before the payment processC. after the Invoice Validation processD. before the Invoice Validation processE. before the transfer information to GL process




QUESTION 329The manual payment method is best described as the method of _____.

A. paying multiple checks in a pay runB. paying a single check within PayablesC. manually writing a check outside of PayablesD. recording a payment made outside of Payables



QUESTION 330You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you performthese steps to complete the pay run process?1. Review proposed payments.

2. Print payments.3. Create payment instructions.4. Select and build proposed payments.5. Mark payments as complete.

A. 4, 2, 1, 5, 3B. 4, 1, 3, 2, 5C. 2, 4, 1, 3, 5D. 5, 4, 1, 2, 3



QUESTION 331Identify three options for preventing prepayments. (Choose three.)

A. Release the scheduled payment.B. Apply one or more holds to the prepayment.C. Apply the holds as you would for any other invoice.D. Release the holds from a prepayment just as you would for any other invoice.



QUESTION 332When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are threeclearing restrictions for Cash Management.1. Oracle Cash Management cannot clear bills payable that have a status of _____.2. Oracle Cash Management clears bills payable only if the payment status is _____.3. On or after the maturity date of the payment, you can update the status to _____.


Identify the one status for the second clearing restriction.

A. issuedB. negotiableC. reconciled



QUESTION 333

Here is a description of a report, file, or register. Use this to review payments created for each bank accountthat you use during a time period you specify. The report lists each payment, as well as total payment amountand cleared amount of all payments. Identify the name of this standard report.

A. Positive Pay FileB. Payment RegisterC. Payment Exceptions ReportD. Payment Process Request Status Report



QUESTION 334Which statement is FALSE about the Stop Payments Report?

A. Use this report to review all current stop payments.B. Payables lists stop payments that were voided at a later time.C. Payables does not list stop payments that were voided at a later time.D. Payables does not list stop payments that were initiated, but then released at a later time.



QUESTION 335Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle)application that it uses to enter employee expense reports. The company wants to interface the expensereports created in the third-party application to Oracle Payables as invoices, and pay these invoices out ofOracle Payables. Identify the Oracle Payables interface that accomplishes this.

A. Projects Import InterfaceB. Payables Open InterfaceC. Credit Card Import InterfaceD. Expense Report Import Interface



QUESTION 336Identify two advantages of using Oracle Internet Expenses. (Choose two.)

A. It improves cycle times by routing expense reports via a workflow.B. Expense reports that are entered using Internet Expenses are visible in Payables.

C. Enforcement of spending policy controls expenses, showing any policy deviations.D. Expense report template attributes are defined in Internet Expenses to manage expense types.



QUESTION 337Company A wants to use Oracle Internet Expenses with expense report templates. Identify three truestatements for the setup of expense report templates. (Choose three.)

A. The tax code assigned to an expense item must be Web enabled.B. Each expense item must have an expense category assigned to it.C. The expense report template must be enabled for Internet Expenses.D. The GL account assigned to an expense item must have all accounting flexfield segment values entered.



QUESTION 338Expense reports for Company A are entered in Payables using the Expense Report form. The accountingflexfield has a three-segment structure:Company - Cost Center - AccountThe employee GL account on the expense report is populated from the employee record. The company and thecost center for the expense lines are derived from the GL account. The account segment value could vary forevery line on the expense report. Identify the approach you recommend to Company A for fast and accurateentry of expense reports.

A. Enter the expense report header. Enter lines. Enter all segment values for each expense report line.B. Enter the expense report header. Enter lines. Override the account segment value for each line as required.C. Create expense report templates. Enter the account segment value for each line on the template. Leave the

other segment values empty. Use the template lines when entering the expense report.




Identify the setup options that would allow the accounts payable supervisor to default an active expense reporttemplate.

A. System OptionsB. Financial Options

C. Code Set OptionsD. Payables OptionsE. Expense Report Payables Options



QUESTION 340If you use the Expense Report Export program, it converts expense reports created in these applications intoPayables invoices. Identify the two applications. (Choose two.)

A. Oracle AriaB. Oracle TravelC. Oracle ProjectsD. Oracle PayablesE. Oracle General LedgerF. Oracle Internet Expenses

Correct Answer: DFSection: (none)Explanation


QUESTION 341During the entry or update of expense reports in the Payables Expense Report window, holds can be applied onan expense report. These holds are carried forward to the invoice created from the expense report in Payables.Which statement is true?

A. Only one user-defined hold and no system hold can be applied on one expense report in the PayablesExpense Report window.

B. Any number of user-defined holds and only one system hold can be applied on one expense report in thePayables Expense Report window.

C. Only one user-defined hold and any number of system holds can be applied on one expense report in thePayables Expense Report window.

D. Any number of user-defined holds and any number of system holds can be applied on one expense reportin the Payables Expense Report window.



QUESTION 342A client wants to configure Oracle AP to perform prepayments for matched invoices. You have been hired asthe implementation consultant and have been given the assignment. To complete this assignment, choose theoption that applies.

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A. Set up the prepayment terms.B. Enable "Allow prepayments" in the Financial Options form.C. Enable the Oracle Payables Enable Prepayments profile option.D. No additional configuration is required. Users must set up the prepayment when the invoice is created.E. No additional configuration is required. Users must set up the prepayment when the payment is created.



QUESTION 343Identify the conditions that must exist before you can apply an advance against an expense report.

A. The prepayment type is temporary and has been fully applied.B. The prepayment type is temporary and has not been fully applied.C. The prepayment type is permanent, has been validated, and not canceled.D. The prepayment type is permanent and no active holds exist for the prepayment.



QUESTION 344Identify the table used to load procurement card transactions.

A. AP_Card_CodesB. AP_Invoices_InterfaceC. AP_Invoice_Lines_InterfaceD. AP_Expense_Feed_Lines_All



QUESTION 345Select the four activities that are NOT part of the Payables closing process. (Choose four.)

A. confirm payment batchesB. close the Payables periodC. close the General Ledger periodD. process period-end receipt accrualsE. review the Uninvoiced Receipts ReportF. process the remaining Inventory transactions

Correct Answer: CDEFSection: (none)Explanation


QUESTION 346Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)

A. unpaid invoicesB. outstanding pay runsC. invoices not validatedD. unaccounted invoicesE. unpaid expense reports



QUESTION 347Select three processes that must be performed before closing the purchasing period. (Choose three.)

A. Process period-end receipt accruals.B. Run the Purchasing Account Analysis Report.C. Process the remaining inventory transactions.D. Run and review the Uninvoiced Receipts Report.E. Run Transfer Journal Entries to the GL program from Receiving.



QUESTION 348XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating,adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the companyruns the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written,which account must be specified on the purchase order distribution for the charge account?

A. the material account associated with the inventory organizationB. the AP trade liability account associated with the operating unitC. the asset cost account associated with an asset category in AssetsD. the asset clearing account associated with an asset category in Assets



QUESTION 349XYZ Corp. must complete the subledger account process and perform other period-end closing activities.Payables must validate and account for the remaining invoices that have system holds. Select the period-endprocessing order to be followed assuming that there are no error transactions.

A. journal import, journal posting, invoice validation, create accounting, transfer journal entries Certkey.com -Make You Succeed To Pass IT ExamsCertkey 1Z0-516to General Ledger

B. create accounting, invoice validation, transfer journal entries to General Ledger, journal import, journalposting

C. invoice validation, create accounting, transfer journal entries to General Ledger, journal import, journalposting

D. transfer journal entries to General Ledger, submit journal import, create accounting, invoice validation,journal posting




QUESTION 350Your company accrues expense items at period end. Identify the report that must be generated before you runyour receipts' accrual period-end process.

A. Accrual Write-OffB. Uninvoiced ReceiptsC. Mass Additions CreateD. Accounts Payable Trial Balance



QUESTION 351Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

A. Accrual Write-Off ReportB. Uninvoiced Receipts ReportC. Accounts Payable Trial Balance

D. Payables Posted Invoice RegisterE. Payables Posted Payment RegisterF. Matched and Modified Receipts Report



QUESTION 352Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable TrialBalance Report. (Choose four.)

A. Void Check RegisterB. Posted Invoices ReportC. Posted Payments ReportD. Accounts Payable Trial Balance - prior periodE. Payables Transfer to General Ledger ReportsF. Accounts Payable Trial Balance - current periodG. Account Analysis - (132 Char) / Account Analysis - (180 Char).


Correct Answer: BCDFSection: (none)Explanation


QUESTION 353Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and providePayables-related accounting information to Oracle Subledger Accounting. (Choose three.)

A. Oracle AssetsB. Oracle LeasingC. Oracle InventoryD. Oracle ReceivablesE. Oracle Procurement



QUESTION 354Identify three processes that you must run before closing your Payables period. (Choose three.)

A. Expense Report ExportB. The Create Accounting programC. Payables Open Interface Import

D. Period Close Exceptions ReportE. The Transfer Journal Entries to GL program



QUESTION 355Identify the statement that reflects the functionality of the Create Accounting Process.

A. The Create Accounting Process creates subledger accounting entries.B. You can use the Create Accounting Process to create subledger accounting entries and validate the

invoices.C. The Create Accounting Process is used to create subledger accounting entries and transfer the

transactions to General Ledger.D. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the

transactions to General Ledger.



QUESTION 356Identify three functions that the Create Accounting program provides. (Choose three.)


A. validates and creates subledger journal entriesB. generates the Posted Journal Report for subledger journal entriesC. transfers final journal entries in the current batch run to General LedgerD. applies the application accounting definitions that are created in Accounting Builder (ABM)E. allows you to update final journal entries before the Transfer to General Ledger process is runF. generates the Subledger Accounting Program Report, which documents the results of the Create

Accounting program

Correct Answer: ACFSection: (none)Explanation


QUESTION 357When reviewing the Accounts Payable Trial Balance Report for a period, a user notices that the remainingbalance for an invoice is negative. What is the reason?

A. The invoice was overpaid.B. The invoice was never accounted for.

C. The invoice was moved to the next period.D. The payment for that invoice was recorded in a GL period before the GL period of invoice distributions.



QUESTION 358Which three reports can be used to reconcile Payables activities to General Ledger? (Choose three.)

A. Supplier Payment ReportB. Posted Payments ReportC. Cash Clearing Account ReportD. Accounts Payable Trial Balance ReportE. General Ledger Account Analysis Report



QUESTION 359ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR-20XXand ended on 26-APR-20XX. To ensure that all accounting from APR-XX has been sent to General Ledger,they must run two Trial Balance Reports, the Posted Invoice Register, and the Posted Payment Register. Whatdates must be used to run Accounts Payable Trial Balance Reports?

A. one run for 26-MAR-20XX and one for 26-APR-20XXB. one run for 01-APR-20XX and one for 30-APR-20XX


C. one run for 27-MAR-20XX and one for 26-APR-20XXD. one run for 31-MAR-20XX and one for 30-APR-20XX



QUESTION 360As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matchesincorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items ontheir accrual reports. Which two actions can they perform to solve the problem? (Choose two.)

A. Reverse the invoice distributions and rematch if possible.B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual

journal entry in General Ledger to clear the receipt from the report.C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off

window to remove the item from reappearing on subsequent reports. Create a manual journal entry in

General Ledger to clear the accrual.D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use

the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journalentry in General Ledger to clear the accrual.



QUESTION 361At your client site, the Payables period-close processes have been performed. The Payables transfer to GL hasbeen completed, and the resulting journal entries have been posted to GL. The current Payables period hasbeen closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices - PostedPayments equals the Accounts Payable Trial Balance (last day of current period).However, the balance in the AP liability account in GL for the current period does not equal the AccountsPayable Trial Balance (last day of the current period). What is the possible reason?

A. Inventory has not closed for the current period.B. Purchasing has not closed for the current period.C. Period-end accrual journals have been reversed in GL.D. Manual journals have been posted to the AP liability account in the current period in GL.



QUESTION 362In the accrual process for perpetual accruals, which two events generate accounting entries that can betransferred to GL? (Choose two.)

A. processing a receiptCertkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. entering a purchase orderC. running the period-end accrual programD. entering invoices and matching them in Payables



QUESTION 363In the accrual process for period-end accruals, which two events generate accounting entries that can betransferred to General Ledger? (Choose two.)

A. processing a receiptB. entering a purchase order

C. running the period-end accrual programD. entering invoices and matching them in Payables



QUESTION 364Where do you define the attribute that determines whether you will accrue expense items at receipt or at periodend?

A. System OptionsB. Financial OptionsC. Payables OptionsD. Purchasing OptionsE. Payables System Setup Options



QUESTION 365Identify three key accounts to be considered during the implementation of Payables that impacts thereconciliation of the accounts payable liability accounts. (Choose three.)

A. AP liability accountB. accrual charge accountC. receiving accrual accountD. accrued Payables accountE. receiving inventory accountF. expense AP accrual accountG. inventory AP accrual account

Correct Answer: AFGSection: (none)Explanation



Identify two implementation considerations that impact Payables during the closing process.(Choose two.)

A. Determine how often you will run the Transfer Journal Entries to GL process.B. Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.

C. Choose the detail option to transfer details to General Ledger during the Create Accounting process.D. Review the scheduling of the Create Accounting process to ensure that this is processed before processing

pay runs.E. Review the scheduling of the Mass Additions Create process to ensure that this is processed before the

Create Accounting process.



QUESTION 367At your client site, under Payables Options, the Transfer to GL option has been set to Summarize byAccounting Period. The period-end close processes for AP have run and the Payables journals (purchaseinvoices and payments) have been created and posted in GL.Which statement is true?

A. It is not possible to drill down from GL to Payables.B. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.C. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals

of category payments.D. Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from

journals of category purchase invoices.



QUESTION 368Where does the expense AP accrual account used in the Period End Accrual process default from?

A. Financial OptionsB. Payables OptionsC. Receiving OptionsD. Purchasing Options



QUESTION 369Identify three prerequisites for the Payables period-close process. (Choose three.)


A. resolving holdsB. reconciling bank statements

C. updating matured bills payableD. completing all receipt processingE. confirming or canceling all pay runsF. making adjustments to supplier invoices interfaced to Projects



QUESTION 370Your client, Company A, has these requirements:

1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once perweek.2. Payables journal entries have to be transferred to GL at least once per month for reporting purposes.3. Oracle Projects balances must be updated once every month.4. Payment batches must be processed daily.On the basis of the above requirements, what would be the minimum recommended frequency of running theTransfer to GL program?

A. dailyB. weeklyC. monthlyD. once every two weeks



QUESTION 371Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?

A. Invoice RegisterB. Create AccountingC. Invoice Audit ListingD. Payables Posted Payment Register



QUESTION 372To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup optionsfor manual tax lines. (Choose three.)

A. RegimeCertkey.com - Make You Succeed To Pass IT Exams

Certkey 1Z0-516B. Event ClassC. Regime, TaxD. Configuration OwnerE. Tax - Controls and DefaultsF. Regime, Tax, Tax Jurisdiction



QUESTION 373To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these optionsat the Event Class, Configuration Owner, or Tax level. Under the manual tax options (Event Class,Configuration Owner, or Tax level), which common capability is found?

A. Allow Tax RecoveryB. Allow Withholding TaxC. Allow Manual Tax Only LinesD. Allow Entry of Manual Tax LinesE. Allow Override for Calculated Tax LinesF. Allow Recalculation for Manual Tax Lines



QUESTION 374You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxabledistributions. You must also adjust _____.

A. the number of invoice linesB. the total header invoice amountC. the amount of another distributionD. the self assessed taxes in the Tax Details window



QUESTION 375Select the income tax report that is NOT available in the Payables module.

A. Withholding Tax by InvoiceB. Withholding Tax by Supplier

C. Withholding Tax by PaymentD. Withholding Tax by Supplier Site



QUESTION 376Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by InvoiceReport.

A. At Payment TimeB. Allow Force ApprovalC. Allow Online ValidationD. At Invoice Validation Time



QUESTION 377Tax Content Services store and maintain the master and reference data that are needed to support the othercomponents in E-Business Tax. You use the E-Business Tax application to model details about the tax setupfor all your company tax requirements. Identify the two that are NOT a subcomponent of Tax Content Services.(Choose two.)

A. tax jurisdictionsB. tax condition setsC. basic tax configurationD. determining factor setsE. country default controlsF. exemptions and exceptions



QUESTION 378Identify three E-Business Tax setup options. (Choose three.)

A. set up supplierB. set up tax regimesC. set up tax recovery ratesD. set up taxes and tax ratesE. set up currency exchange



QUESTION 379Identify three statements that are true about E-Business Tax and Payables. (Choose three.)

A. In E-Business Tax, tax calculations are based on supplier's site defaults.B. In E-Business Tax, there is one repository with detailed and fully allocated tax lines.C. Payables is not integrated with E-Business Tax to provide tax services for invoices.D. With E-Business Tax, you can account for recoverable taxes at the time and to the extent of Certkey.com -

Make You Succeed To Pass IT ExamsCertkey 1Z0-516payment in Payables.

E. Payables integrates with E-Business Tax to automatically determine and calculate the applicable tax linesfor the invoices.



QUESTION 380Identify three statements that are true for E-Business Tax. (Choose three.)

A. E-Business Tax transactions are strictly controlled and cannot be changed.B. E-Business Tax provides seeded tax registration types for local organizations.C. E-Business Tax provides a single point solution for managing your transaction-based tax requirements.D. E-Business Tax provides a common model for setting up tax data for tax determination and tax calculation.E. E-Business Tax uniformly delivers tax services to all E-Business Suite business flows through one

application interface.



QUESTION 381Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VATand Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)

A. exciseB. propertyC. customs dutyD. vehicle licenseE. recoverable tax



QUESTION 382When you validate an invoice in Payables, E-Business Tax automatically performs four tasks.(Choose four.)

A. creates distributionsB. recalculates tax linesC. allocates tax amountsD. places tax-related holds on the invoiceE. updates imported invoices into Payables



QUESTION 383To manually enter tax details for an item, freight, miscellaneous, or prepayment lines, you must complete sevenfields. Name three. (Choose three.)

A. industryB. tax amountC. tax regimeD. commodityE. supplier site



QUESTION 384To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locateand enable "Set as Offset Tax"?

A. taxesB. tax rulesC. tax ratesD. tax statusesE. tax regimes



QUESTION 385E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implementaccrual-based accounting recoverable tax, four setups are needed. (Choose four.)

A. Enable "Set as offset tax."B. Enable "Allow tax recovery."C. Set the default recovery settlement option to "Deferred."D. Define tax accounts, tax expense, recoverable tax, and interim tax.E. Enable the default recovery settlement options at the regime, tax, tax status, or tax rate levels.

Correct Answer: BCDESection: (none)Explanation


QUESTION 386Self-assessed tax amounts are taxes that you are liable for, but do not appear on the invoice, such as use tax.To use self -assessed taxes, enable the Set for Self Assessment/Reverse Charge option when you define the_____ in the Party Tax Profile.


A. set allow tax recoveryB. tax registration informationC. recoverable tax informationD. set allow manual tax only lines



QUESTION 387Identify three statements that are true about the withholding tax process. (Choose three.)

A. Tax is automatically calculated at any calculation level.B. The withholding tax process is a part of Cash Management.C. Payables automatically generates withholding tax invoices to pay tax authorities.D. Payables calculates withholding taxes on invoices during the invoice validation process or during the

payment calculation.E. If the withholding tax is calculated during the invoice validation process, the taxable amount withheld is the

gross amount.



QUESTION 388Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choosethree.)

A. Withholding tax is an account distribution process.B. The withholding tax option can be overwritten at the invoice level.C. If a supplier does not allow withholding tax, you cannot allow withholding tax for any of the supplier's sites.D. Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice

distribution.E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to

withholding tax.



QUESTION 389Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%.Identify three statements with the correct withholding tax calculations. (Choose three.)

A. invoice amount $500, withholding tax $100 (20% of $500)B. invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)C. invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)D. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - Certkey.com - Make

You Succeed To Pass IT ExamsCertkey 1Z0-516$250)

E. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100)



QUESTION 390Identify three statements that are true for creating the withholding tax for standard, recurring, and prepaymentinvoices. (Choose three.)

A. The Withholding Tax Report is prepared by suppliers.B. The Withholding Tax Group defaults in from the supplier or supplier site.C. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.D. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.E. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice

is associated with.

Correct Answer: BCDSection: (none)

Explanation


QUESTION 391Identify three statements that are true for the automatic withholding tax process. (Choose three.)

A. Withholding tax type distributions are negative amounts.B. The Withholding tax group can be assigned only to an invoice distribution.C. Using automatic withholding tax, Payables creates the correct withholding tax distributions.D. Withholding tax distributions are automatically created during invoice validation or during payment

processing.E. If an invoice with an associated withholding tax invoice is canceled, Payables automatically creates an

invoice for the tax authority supplier to offset the amount of the withholding tax invoice.



QUESTION 392Identify three statements that are true about processing automatic withholding tax invoices and payments.(Choose three.)

A. Withholding distributions for a paid invoice can be reversed.B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.C. Payables uses the supplier number as an invoice number for the tax authority's invoice.D. Withholding tax distributions are automatically created during invoice validation or payment Certkey.com -

Make You Succeed To Pass IT ExamsCertkey 1Z0-516processing.

E. Payables automatically creates a withholding type distribution when a withholding tax group is entered in theInvoices window.



QUESTION 393Identify three purposes for which transaction types can be used. (Choose three.)

A. To record how cash can be applied to transactionsB. To set whether AutoInvoice validates transactions using IDs or valuesC. To set whether transactions affect the Accounts Receivable (AR) customer balancesD. To record the accounting flexfield value that would be used for the cash account for transactionsE. To record the accounting flexfield value that would be used for the receivable account for transactionsF. To set transaction numbers to be either assigned automatically or entered manually for transactions

Correct Answer: ACE



QUESTION 394John is reviewing the clients draft training documents about the Order to Cash life cycle business processes.Identify four steps that are included in the Order-to-Cash life cycle.(Choose four.)

A. Launching pick releaseB. Performing credit checkC. Reconciling bank statementsD. Running AutoInvoice to ReceivablesE. Generating the move order manually



QUESTION 395A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify thecustomer or invoice. Which is the correct method of entering the receipt in Oracle Accounts Receivable?

A. Enter the receipt as an unapplied receipt.B. Enter the receipt as an unidentified receipt.C. Enter the receipt as an on-account receipt.D. Enter the receipt as a miscellaneous receipt.E. Enter the receipt by applying it to a dummy customer account.




QUESTION 396Identify two statements that apply to Oracle Collections. (Choose two.)

A. It is a Web-based self-service application.B. It can be used to place an invoice in dispute.C. It enables customers to see their own Oracle Receivables account information, such as balances.D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from

Oracle Collections.



QUESTION 397The end users at Lucy Ltd. noticed several AutoInvoice exceptions and requested your help in correcting them.Which window allows you to edit data?

A. Line Errors windowB. Interface Lines windowC. Interface Exceptions windowD. Interface Corrections window



QUESTION 398The client entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now the miscellaneousreceipt needs to be reversed. Which method would you advise the client to use?

A. Carry out a standard reversal of the miscellaneous receipt.B. Carry out a debit memo reversal of the miscellaneous receipt.C. Create a receivable activity adjustment for the reversal of the miscellaneous receipt.D. Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.E. Create a journal entry in General Ledger to reverse the accounting impact created by the posting of the

miscellaneous receipt.



QUESTION 399The head office of ABCCorporation is at New York, and it has a branch in Tokyo. Their ledgers have the samechart of accounts and calendar. The New York ledger uses USD, whereas the


Tokyo ledger uses JPY as the functional currency. ABC Corporation has a requirement that all its branchtransactions-subledger journals, General Ledger journal entries, and balances at Tokyo will have to be routinelyreported in USD to New York. As an implementation consultant, which reporting currency conversion would yousuggest for ABC Corporation?

A. Balance-level reporting currency onlyB. Subledger-level reporting currency onlyC. Both journal-level and balance-level reporting currencyD. Both subledger-level and balance-level reporting currency

Correct Answer: B



QUESTION 400The following template has been created:D_Region_AssetHere, D represents the company segment; the value set is called company. Region represents the divisionsegment; the value set is called division. Asset represents the natural account segment; the value set is calledaccount.You receive this error:APP-08820: The rollup group 'Asset' is not defined in the value set: <'Account'>.What is the problem?

A. The natural account segment can have only a T designation.B. The asset rollup group has not been assigned to a parent value.C. The asset rollup group has been assigned to a parent with no child values.D. The asset rollup group should have been aligned with the division segment.



QUESTION 401Which statement best describes stages in the credit review process?

A. Initiating a credit review, data collection, data analysis, making and implementing the recommendationsB. Defining a profile class, assigning it to customers, setting up the scoring model, and starting the workflow

background processC. Manually reviewing customers' past billing and payment history, initiating discussions with customers, and

implementing recommendationsD. Manually initiating a review by sending out mails to customers requesting information, reviewing and making

recommendations, and implementing recommendations after approval




Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.

A. AdjustmentB. Earned discountC. Unearned discountD. Miscellaneous cash



QUESTION 403ABC Company's requirement is that all mass allocation journals must be approved by using the journalapproval process. When the company accountant enters his or her mass allocation journals, these journalsmust be routed to his or her manager for approval, then to the CFO, and finally to the CEO for review and finalapproval. Select the option that would help ABC Company meet this requirement.

A. Go to peersB. One stop go directC. Go up the management chainD. Go direct to the person with sufficient authorization limit



QUESTION 404The tables for the Customer Master are owned by _____.

A. Oracle ReceivablesB. Oracle Order ManagementC. Oracle Trading Community ArchitectureD. Oracle Customer Relationship Management



QUESTION 405AutoCash rules apply to _____ receipts.

A. ManualB. AutomaticC. QuickcashD. Credit cardE. Direct debitF. Prepayment



Explanation


QUESTION 406Identify two correct statements regarding a primary ledger. (Choose two.)

A. Defining a primary ledger is not mandatory.B. A primary ledger is the main record-keeping ledger.C. Multiple legal entities can be linked to one primary ledger.D. Multiple primary ledgers can be linked to one secondary ledger.E. Multiple primary ledgers are required for one accounting setup always.



QUESTION 407An easy methodology to clarify how to define rollup groups for the summary account is to _____.

A. Look at industry standardsB. Review detailed financial reportsC. Sketch the summarization levelsD. Discuss it with all levels of management within the organization



QUESTION 408Which profile option must be enabled to allow you to change the tax code on the transaction line inReceivables?

A. eBtax: Allow Manual Tax LinesB. eBtax: Inventory item for FreightC. eBtax: Allow Ad Hoc Tax ChangesD. eBtax: Allow Override of Customer Exemptions



QUESTION 409You are defining FSG reports to be used by different users for your customer. One of the customerrequirements is that some users must be able to modify the report definition, some users must be able to onlyview the report definition, and other users can modify, view, and submit the report. Which solution must be

implemented to meet the customer requirement?

A. Define a separate data set for each FSG user and grant them privileges accordingly.B. Define a separate ledger set for each FSG user and grant them privileges accordingly.


C. Define security rules and specify what actions can be performed by each user or a group of users.D. Define definition access sets and specify what actions can be performed for a user or group of users.E. Set up profile options for each user and specify what actions can be performed by each user or a group of

users.



QUESTION 410AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the sametime from the Submit Lockbox Processing window. Identify the correct sequential combination of steps that areexecuted while running the AutoLockbox concurrent process in Oracle Receivables.

A. Enter receipts, validate data, apply QuickCashB. Import bank file, validate data, post QuickCashC. Import bank file, enter receipts, validate QuickCashD. Enter receipts, import bank file, validate data, post quickcashE. Enter receipts, import bank file, validate data, post QuickCash, apply receipts



QUESTION 411Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many fundsavailable in the stationery account, whereas there is not much amount left for employee travel expenses. Saminstructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews thesituation and clarifies it to John. Choose what Sam would have explained to John.

A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made onlyafter a funds check.

B. There must be some budgetary control enabled on the stationery account, and a transfer can be made onlyafter a funds check.

C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and atransfer can be made only after a funds check.

D. It is not possible to transfer amount from one account to another unless the absolute amount is known. SoJohn should have calculated 80% of the stationery account and then tried to make the transfer.




Identify a correct statement about profile classes.

A. Credit checking is managed in Receivables and Credit Management.B. Late charge type includes adjustment, debit memo, and interest invoice.C. Profile classes can be assigned to party, customer account, and account site levels.D. Profile classes can be assigned at the site level if the site has active bill-to and ship-to address purposes.E. Profile classes include credit check, credit collector, payment term, statement cycle, and statement-to

address.



QUESTION 413The Receipt Inherit Invoice Number option affects only receipts created by _____.

A. Oracle Cash ManagementB. Oracle Trade ManagementC. The AutoLockbox programD. The Automatic Receipts program



QUESTION 414Select the setup task that you are required to perform in Receivables to manage tax calculations on invoices.

A. Defining tax rulesB. Defining AutoInvoiceC. Defining AutoAccountingD. Defining tax registrationsE. Defining Account Generator



QUESTION 415ABC Corporation has five companies, which operate in different industries. Each company has a different

ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to bedefined.

A. FiveB. FourC. TwoD. OneE. Three




QUESTION 416A receipt of $2,000 is received for an invoice that has $1,500 as the amount due. The remittance advice doesnot state a reason for the overpayment. Identify the receipt state that should be displayed.

A. AppliedB. UnappliedC. On-accountD. UnidentifiedE. Partially applied



QUESTION 417Customer reason codes can be used to assist in automatic claim creation in Receivables. Customer reasoncode mappings are assigned in _____.

A. PayablesB. ReceivablesC. Cash ManagementD. Trade ManagementE. Order ManagementF. Subledger Accounting



QUESTION 418When summary account templates are associated with the check-level advisory of budgetary control funds,

which are the two items that must be associated with the template? (Choose two.)

A. The formula must be identified.B. The currency must be identified.C. The boundary must be identified.D. The funding budget must be identified.



QUESTION 419You are using the Event Based Revenue Management business rule for revenue recognition. Your company ison the calendar month for financial reporting. On April 12th of the current year,


a customer invoice of $1000 is imported. It has an acceptance clause of 60 days and a cancellation clause of120 days. On April 28th of the current year, a receipt of $1000 is applied against this invoice. You wouldrecognize revenue of $1000 in the month of _____.

A. AprilB. MayC. JuneD. JulyE. August



QUESTION 420Newco Inc. has decided on a chart of accounts structure that consists of four segments:company, cost center, account, and subaccount. It has only one company value and wants to restrict (limit theappearance of) the lists of account values and subaccount values for some cost centers. Which is the designoption that would meet Newco Inc.'s requirement?

A. Define a value set with independent validation and non-hierarchical security for each of the three segments:cost center, account, and subaccount. Enable security for all three segments and define security rules torestrict lists accordingly.

B. Define a value set with independent validation for each of the three segments: cost center, account, andsubaccount. Deselect dynamic inserts for the accounting flexfield structure and define all possible codecombinations that are desirable for the specified cost centers.

C. Define a value set for the cost center with independent validation and non-hierarchical security. Define avalue set for the account with dependent validation, which depends on the cost center. Define a value setfor the subaccount with dependent validation, which depends on the account. Enable security for the costcenter segment and define security rules to restrict lists accordingly.

Correct Answer: A



QUESTION 421ABC Corp. is implementing General Ledger, Payables, Receivables, and Cash Management. Identify two pointsof integration between General Ledger, Payables, Receivables, and Cash Management. (Choose two.)

A. Payables sends bank reconciliation accounting entries to General Ledger.B. Receivables sends accrued revenue accounting entries to General Ledger.C. Receivables sends bank reconciliation accounting entries to General Ledger.D. Cash Management sends bank reconciliation accounting entries to General Ledger.E. Cash Management does not send bank reconciliation accounting entries to General Ledger.



QUESTION 422Before you can create customer invoices, you have to define customers and your remit-to address. Identify fiveadditional setups that are required before you can create invoices in Receivables. (Choose five.)

A. payment termsB. AutoAccountingC. Transaction sourcesD. Standard memo lineE. System and profile optionsF. Receivables transaction typesG. Customer account relationships

Correct Answer: ABEFSection: (none)Explanation


QUESTION 423Identify two correct statements about the transaction flexfields for the Receivables AutoInvoice interface tables.(Choose two.)

A. Link-to transaction flexfields are used to associate a specific tax line with a specific transaction line.B. Reference transaction flexfields are used to associate a specific tax line with a specific transaction line.C. Link-to transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a

specific commitment.D. Reference transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a

specific commitment.

Correct Answer: AD



QUESTION 424ABC Company in India exports raw materials to XYZ Company in the USA. There is an outstanding invoice ofINR 90,000,000 to be paid in two months. The USD-to-INR rate when the transaction was completed was 45.Now the USD-to-INR rate has changed from 45 to 40. Jack, who is a treasury analyst at ABC Company,reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack.(Choose two.)

A. XYZ Company has a positive impact by this rate change.B. ABC Company is not impacted at all by this rate change.C. ABC Company has a positive impact by this rate change.D. XYZ Company has a negative impact by this rate change.



QUESTION 425Select four values that default from profile classes in Oracle Accounts Receivable. (Choose four.)

A. CurrencyB. Legal entityC. Payment termsD. Statement cycleE. Business purposeF. Credit classification

Correct Answer: ACDFSection: (none)Explanation


QUESTION 426Your receivables clerk is confused about entering duplicate receipt numbers in Oracle Receivables. Accordingto the organization's policy, the customers check number is entered as the receipt number while enteringmanual check receipts. There are instances when the same check number is received from differentcustomers. What do you tell your receivables clerk?

A. Oracle Receivables does not allow entry of duplicate receipt numbers.B. Oracle Receivables allows entry of duplicate receipts if the receipts are from the same batch source.C. Oracle Receivables allows entry of duplicate receipt numbers if the receipts are from the same customer.D. Oracle Receivables allows entry of duplicate receipt numbers if the receipt amount is different from the

amount in other receipts with the same receipt number.E. Oracle Receivables does not allow entry of duplicate receipt numbers if the receipt number, currency,

amount, and customer number in a receipt are identical to those in another receipt.



QUESTION 427Select four processes that are facilitated by the credit management workflow. (Choose four.)

A. Gathering prospect credit dataB. Analyzing prospect credit dataC. Gathering organization account credit dataD. Implementing credit decisions for individualsE. Implementing credit decisions for organizationsF. Analyzing customer account credit data for individuals



QUESTION 428Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segmentvalues while defining the MassAllocation formulA. What would be your response?

A. Whether you can do this depends on the formula.B. You can customize the workflow and then do this.C. Whether you can do this depends on the responsibility.D. You can do this only if Allow Dynamic Insert is enabled.E. You can do this only if there is a summary account associated with the parent.



QUESTION 429The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GLperiod was closed, but he was able to post the budget journal in a closed period. You check the setup andconfirm that the GL period in which he was able to post the budget journal was closed. What explanation doyou give?

A. The budget year is open.B. The budget status is frozen.C. The budget status is current.D. The Require Budget Journal profile option is set at the set of books level.



QUESTION 430Identify two mandatory attributes for grouping rules. (Choose two.)

A. GL date (GL_DATE)B. Sales order (SALES_ORDER)C. Currency (CURRENCY_CODE)D. Accounting rule (ACCOUNTING_RULE_ID)



QUESTION 431Tax on Receivables invoices are posted to different General Ledger (GL) accounts by taxing authorities in yourprimary ledger. For example, one GL account (2501) for California tax and one (2502) for VirginiA. There is aregulatory requirement for tax on Receivables invoices to be posted to one account (2550) in your secondaryledger. Where would you set up the accounting rules for this requirement?


A. Oracle PayablesB. Oracle ReceivablesC. Oracle General LedgerD. Oracle E-Business TaxE. Oracle Subledger Accounting



QUESTION 432ABC Corp. has a requirement that all budget entries are made through journals. Identify one choice where thiscan be accomplished.

A. Ledger setupB. Journal typesC. Journal sourcesD. Journal categoriesE. Budget organizations

Correct Answer: ASection: (none)

Explanation


QUESTION 433You have just opened the Transactions form. Which field would you see on this form?

A. CompanyB. Legal entityC. Cost centerD. Operating unit



QUESTION 434Identify four required Oracle Credit Management system options. (Choose four.)

A. TerritoryB. Legal entityC. Aging bucketD. Exchange rate typeE. Default customer credit classificationF. Data quality management (DQM) matching rule name



QUESTION 435After creating two new customers, ABC and XYZ, you create and complete an invoice for $105


($100 plus $5 tax) for customer ABC. You print the invoice and realize that you should have created the invoicefor customer XYZ and not for customer ABC. The accounting for the transaction is posted to the GeneralLedger (GL). Which is the best option to correct the situation?

A. Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to theaccount of XYZ.

B. Create an on-account credit memo for $105 for ABC. Apply the on-account credit memo to the invoice.Enter and complete the invoice for XYZ.

C. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transactiontype that has class equal to credit memo. Complete the invoice. Enter and complete the invoice for XYZ.

D. From the Navigator, select Transactions > Credit Transactions. The Credit Transactions form is displayed;choose your transaction. Click the Credit Balance button, save your work, and then click the Completebutton. Enter and complete the invoice for XYZ.



QUESTION 436Which four transactions are imported by AutoInvoice? (Choose four.)

A. InvoicesB. DepositsC. GuaranteesD. Debit memosE. Credit memosF. On-account credits



QUESTION 437Identify three profile options that affect the integration of Oracle Receivables with other Oracle applications.(Choose three.)

A. OM: Item FlexfieldB. EB Tax: Inventory Item for FreightC. AR: Application GL Date DefaultD. EB Tax: Invoice Freight as RevenueE. AR: Change Customer on Transaction



QUESTION 438ABC company and XYZ company are both customers. Last month XYZ company purchased


ABC company. ABC company has hundreds of over-due invoices outstanding. According to the creditdepartment, the layoffs at ABC, following the merger, are responsible for the over-due invoices.Both ABC and XYZ companies are making frequent requests for reprinted invoices of ABC company. There willbe no new business with ABC company. However, it will take another three months to respond to the numerousrequests for reprinted invoices and ABC company will continue to be charged late fees. How should you handlethe merger of ABC company and XYZ company in Oracle Receivables during your first month end after theirmerger?

A. Inactivate ABC company.B. Place ABC company on credit hold.C. Invoice XYZ company for the invoices of ABC company.



QUESTION 439Your client has requirements to enter customers, suppliers, and remit-to addresses in country specific formatsfor the United States, United Kingdom, and Ireland. Which are the three steps required to set up new flexibleaddress formats in Oracle Applications? (Choose three.)

A. Creating address style lookupB. Creating flexible address codeC. Setting up the "Default Address" profile optionD. Assigning address style to a specific countryE. Setting up flexible address format in a descriptive flexfield



QUESTION 440You can define a credit hierarchy of parties and party relationships to consolidate and display all credit data forthe entire hierarchy in Credit Management. Which profile option should be set to enable this functionality?

A. HZ: Allow Hierarchy CopyB. AR: Credit Hierarchy TypeC. OSC: Reporting HierarchyD. HR: BIS Reporting HierarchyE. Exchange Protocol: Allow Hierarchy



QUESTION 441All remittance bank details are created and maintained in _____.


A. Oracle PayablesB. Oracle PurchasingC. Oracle Receivables

D. Oracle Cash ManagementE. Oracle Trade ManagementF. Oracle Lease Management



QUESTION 442Identify the three applications that create invoices into Oracle Receivables. (Choose three.)

A. Oracle LoansB. Oracle ProjectsC. Oracle ShippingD. Oracle Cash ManagementE. Oracle Lease Management



QUESTION 443Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank withauthorization to debit a customers checking account for either the full amount due or the minimum balance,depending on the option selected by the customer at the time of enrolling for the direct debit. Which is the mostappropriate receipts solution in Oracle Receivables to directly address this business need of your client?

A. Implement bills of exchange.B. Implement automatic receipts.C. Implement credit card receipts.D. Implement QuickCash receipts.E. Implement AutoLockbox receipts



QUESTION 444Identify three tables that can be used to import billing data into Oracle Receivables. (Choose three.)

A. RA_INTERFACE_LINES_ALLB. RA_INTERFACE_SALES_ALLC. RA_INTERFACE_HEADERS_ALLD. RA_INTERFACE_SALESCREDITS_ALLE. RA_INTERFACE_DISTRIBUTIONS_ALL

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QUESTION 445Select three statuses of the consolidation workbench. (Choose three.)

A. PostedB. EnteredC. ExportedD. ReversedE. Transferred



QUESTION 446Your client has sales tax requirements that involve two types of sales tax. The first sales tax applies to allcustomers. The second sales tax is based on where the company ships the goods. All goods are taxable;however some customers who resell the goods are exempted from the second sales tax. Choose threeapplicable options to set up sales tax for your client.(Choose three.)

A. Tax classification code for exempt taxB. Item exemptions for both sales taxesC. Customer exemptions for the first sales taxD. Customer tax exemptions for the second sales taxE. Tax group for the combination of the two tax classification codes



QUESTION 447Which table stores information about contingencies that impact revenue recognition for imported transactions?

A. RA_INTERFACE_LINES_ALLB. AR_INTERFACE_CONTS_ALLC. RA_INTERFACE_ERRORS_ALLD. RA_INTERFACE_SALESCREDITS_ALLE. RA_INTERFACE_DISTRIBUTIONS_ALL

Correct Answer: B



QUESTION 448Several fields are required during manual invoice entry. Which are the fields required at the header level?


A. Date, customer, source, type, GL date, legal entityB. Date, legal entity, bill-to, source, type, class, remit-toC. Terms, date, bill-to, source, legal entity, type, remit-toD. Date, customer, source, type, General Ledger (GL) date, classE. Date, source, class, type, GL date, legal entity, bill-to, terms, remit-to



QUESTION 449Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. Itrecognizes the monthly rent revenue on the first day of each month. However, some tenants are required tomake the monthly rent payments in two installments, that is on the15th and the last day of the month. Whichtwo statements are correct about the possible solutions for this business requirement? (Choose two.)

A. Payment term can be set to defer the monthly rent revenue.B. Invoicing rules can be set to defer the monthly rent revenue.C. Accounting rules can be set to defer the monthly rent revenue.D. Payment term can be set to allow customers to make payments in two installments.E. Invoicing rules can be set to allow customers to make payments in two installments.F. Accounting rules can be set to allow customers to make payments in two installments.



QUESTION 450Which three data elements default from transaction type in Oracle Receivables? (Choose three.)

A. Legal entityB. AccountingC. Sales personD. Transaction numberingE. Payment terms (if not set at the customer level)

Correct Answer: ABE



QUESTION 451To define the primary ledger, which account is always required?

A. Suspense accountB. Retained earnings accountC. Realized profit/loss accountD. Unrealized profit/loss account


E. Reserve for encumbrance accountF. Entered currency balancing account



QUESTION 452Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They neededexpert guidance and came to you. You look at the report and see that the InterfaceLines section of the report shows the following:Selected: 9Successfully Processed: 8Failed Validation: 0What is the likely reason for this?

A. An adjustment update of an old invoice is included in this batch.B. The General Ledger (GL) code combination ID failed the cross validation rules.C. A debit memo for an invoice and the invoice itself are submitted in the same batch and the debit memo is

selected first.D. A credit memo for an invoice and the invoice itself are submitted in the same batch and the credit memo is

selected first.E. The GL code combination segment value for the cost center was valid in the prior calendar month but is

end-dated a day earlier.



QUESTION 453Jack is implementing Oracle General Ledger for ABC Corporation. The management wants the definition ofdata access set with full ledger access set type for its four ledgers/ledger sets as shown here:Balancing Segment Value Data Access Set TypeLedger/Ledger Set Balancing Segment Value Privileges ABC Services All Read and WriteABC Operations 01 Read-OnlyABC Operations 20 (Parent of child values 21-29) Read and Write ABC Global Industries Ledger Set All Read

andWrite Select two correct statements in this scenario. (Choose two.)

A. Users can only view the existing data in ABC Operations for the balancing segment value 01.B. Users have read-only access to the data in some balancing segment values in the ledger set, ABC Global

Industries.C. Users have read and write access to the data in some balancing segment values in the ledger set, ABC

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D. Responsibilities using this data access set will have read and write access to the data in ABC Services andall its balancing segment values.



QUESTION 454Identify two correct statements about Oracle Receivables. (Choose two.)

A. AutoAccounting is only used for the imported transactions.B. Errors in the AutoInvoice are sent to the Interface Exceptions table.C. Receivables transactions cannot be changed after they are printed.D. Receipt accounting can be transferred after the receipts are entered and saved.E. Transfer to General Ledger can transfer transaction accounting entries after the transactions are entered

and saved.



QUESTION 455Symba Manufacturing International has a requirement to match Cost of Goods Sold (COGS) and Revenue.They have asked your help in implementation. In this context, which two dependencies and interactions aretrue? (Choose two.)

A. Cost Management performs COGS recognition (or Cost Accounting).B. Cost Management integrates with Oracle Receivables for invoice creation.C. Cost Management integrates with Oracle Receivables for revenue information.D. Cost Management provides order and return information to Oracle Receivables.E. Cost Management notifies Oracle Receivables when an order is closed without billing.



QUESTION 456

For transaction-related activities such as adjustments and discounts, Receivables derives the balancingsegment value from the _____ account that is associated with the transaction.

A. RevenueB. ReceivablesC. Unapplied cashD. Unearned revenueE. Unbilled receivablesF. Earned and unearned discounts




Which statement is correct about the differences between the functionalities of parent accountsand summaryaccounts?

A. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budgetformulas.

B. Summary accounts speed up the posting process, whereas parent accounts require additional time for thePosting process.

C. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use thelooping segment type.

D. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balancescannot be viewed in that form.

E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accountshelp generate quicker results.



QUESTION 458AutoLockbox uses attributes to identify a customer for each AutoLockbox receipt. Which five attributes forAutoLockbox are used to identify the customer? (Choose five.)

A. MICR numberB. Customer numberC. Sales order numberD. Receipt number (which is often the check number)E. Transaction number using the auto associate optionF. Balance forward bill number using the auto associate option

Correct Answer: ABCEFSection: (none)

Explanation


QUESTION 459All manual journal entries are defaulting to a non-current period. Which step was omitted from the accountingcycle?

A. Updating the periodB. Posting journal entriesC. Consolidating financialsD. Reversing journal entriesE. Translating foreign balances



QUESTION 460Transaction numbering is set up using _____.


A. System optionsB. AutoAccountingC. Transaction typesD. Transaction sources



QUESTION 461The organization that Receivables uses to validate items is set up using _____.

A. The AR: Items Flexfield Mode profile optionB. The AR: Allow Manual Invoice Lines profile optionC. The AR: Item Validation Organization profile optionD. Item validation organization in the OM Parameters window



QUESTION 462

Jane, the GL accountant, says that she had heard about the budget upload functionality of Oracle GeneralLedger and had been eager to test it. However, she was unable to test it in the Conference Room Pilot (CRP)instance. What would be your explanation?

A. The GL period is closed.B. The budget status may be frozen.C. The GL account code combination is invalid.D. Budget journals are required at the ledger level.E. The budget dates in the budget organization have a different date range.



QUESTION 463You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?

A. Assign an invoicing rule with four schedules.B. Assign an accounting rule with four schedules.C. Assign payment terms that have four payment schedules.D. Assign payment terms that have four discount periods defined.E. Create four lines and assign different payment terms to each line.



QUESTION 464The Receivables QuickCash functionality enables you to_____.


A. Apply receipts at invoice line levelB. Apply receipts using Mass Apply windowC. Apply receipts at invoice header level onlyD. Create adjustments and chargebacks for debit items with applied receipts



QUESTION 465You mail your customer John Doe an invoice for $1000 for the supplies he ordered. John has the option ofmaking his payment either by check or by credit card. John elects to use his credit card. This receipt isidentified as a(n) _____ .

A. Manual receiptB. Automatic receiptC. Quickcash receiptD. Autolockbox receiptE. Miscellaneous receipt



QUESTION 466For any scoring model, you can define a set of automation rules to guide the implementation of credit decisionswithout user intervention. Under what situation are automation rules preferred?

A. When credit risk defined by an enterprise's policies is highB. When credit risk defined by an enterprise's policies is minimalC. When credit risk defined by an enterprise's policies is unratedD. When credit risk defined by an enterprise's policies is moderate



QUESTION 467Which form can you use to set up automatic transaction numbering?

A. Profile OptionsB. System OptionsC. Transaction TypesD. Transaction Sources




XYZ Company uses Oracle General Ledger. They have a practice of loading data from the legacy systems intothe GL_INTERFACE table, from where they import it into Oracle General Ledger.They have enabled four account segments. In the Key Flexfield Segments window, you find that:Segment 1 corresponds to the SEGMENT1 columnSegment 2 corresponds to the SEGMENT2 columnSegment 3 corresponds to the SEGMENT4 columnSegment 4 corresponds to the SEGMENT5 columnIdentify the columns of the GL_INTERFACE table with the data that must be populated.

A. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 inGL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

B. Segment 1 in GL_INTERFACE.SEGMENT1, Segment 2 in GL_INTERFACE.SEGMENT2, Segment 3 inGL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT3

C. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 inGL_INTERFACE.SEGMENT4, Segment 4 in GL_INTERFACE.SEGMENT5

D. Segment 1 in GL_INTERFACE.SEGMENT2, Segment 2 in GL_INTERFACE.SEGMENT3, Segment 3 inGL_INTERFACE.SEGMENT3, Segment 4 in GL_INTERFACE.SEGMENT4



QUESTION 469Journal source, journal category, balance type, period, and effective date are used to define the_____ criteria set.

A. AutoPostB. Mass AllocationsC. Recurring Journals



QUESTION 470Identify four discount basis options available that define how Receivables calculates discounts.(Choose four.)

A. Gross amountB. Freight amountC. Invoice amountD. Lines only amountE. Lines and tax amountF. Lines, freight, and tax amount




QUESTION 471You have the option to define your own accounting rules in Oracle Subledger Accounting to meet yourimplementation's business requirements by using ______.

A. AutoCash rule setsB. Application rule setsC. The accounting methods builderD. The Revenue Accounting Management wizard



QUESTION 472You have Oracle Receivables and Trade Management installed to manage claims. You discover that one claimis a split claim, that is, half valid and half invalid. Identify three correct statements about split claims. (Choosethree.)

A. The amount of the claim is split in Receivables.B. Splits are never shown in Receivables, they look like one claim.C. The originating non-invoice-related claim number would be shown in Receivables with the split number.D. When a claim is split in Trade Management, the information is not immediately updated in Receivables.E. Claim information is automatically updated in Receivables when one of the claims is resolved directly from

Trade Management.



QUESTION 473You are implementing Oracle Receivables and Oracle Trade Management for claim investigation.You often need to create chargebacks to handle short payments and overpayments on invoices sent to yourcustomers. You have a business need to manually number the chargeback transactions in Oracle Receivablesto match a chargeback case number. What is true about meeting this requirement?

A. Chargebacks in Oracle Receivables can be manually numbered.B. Chargebacks in Oracle Receivables always need to be automatically numbered.C. Chargebacks in Oracle Receivables can be manually numbered if the base numbering option of manual is

selected.D. Chargebacks in Oracle Receivables need to be automatically numbered only when document sequencing

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QUESTION 474ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar,currency, subledger accounting method, and ledger processing options.

They have additional accounting requirements:1. All legal entities share the same primary ledger attributes.2. None of the legal entities have special requirements to open and close accounting periods independent fromthe others.3. All legal entities engage in intercompany accounting.4. For month-end consolidation purposes, ABC Metal Corporation wants to keep their consolidationadjustments and elimination entries completely separate from the day-to-day transactions of their legal entities.Based on these requirements, select two considerations that are true for the accounting setup.(Choose two.)

A. Specific balancing segment values must be assigned to each legal entity.B. Specific balancing segment values need not be assigned to each ledger.C. Secondary ledgers cannot be added for an additional accounting representation.D. Intercompany accounts must be defined to use the intercompany accounting feature.



QUESTION 475Select two statements that apply to the consolidation. (Choose two.)

A. Transactions entered in any subsidiaries by using any calendar can be consolidated.B. Data from any source can be consolidated as long as it is available on Oracle databases.C. Only transactions entered in the functional currency of the parent ledger can be consolidated.D. Transactions entered in any currency irrespective of the functional currency of the parent ledger can be

consolidated.E. Only transactions entered in any currency other than the functional currency of the parent ledger can be

consolidated.



QUESTION 476Identify three entities that can become a party in Oracle Trading Community Architecture (TCA).(Choose three.)

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B. A personal relationshipC. A business organizationD. A business contact emailE. A business mailing addressF. A business contact telephone

Correct Answer: ABCSection: (none)

Explanation


QUESTION 477The customer service department identified an order that was shipped and not invoiced. Identify four potentialcauses for this occurring. (Choose four.)

A. AutoInvoice was not run.B. The invoice lacks an accounting rule.C. An AutoInvoice validation error exists.D. Order Management workflow is stuck.E. The order line has a back order credit hold.



QUESTION 478Organizations have unique credit policies that aid in managing their collections and establishing relationshipswith customers. Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)

A. Various customer credit classificationsB. Various credit review types identified by collectorsC. Various analysis of prior billing period and receipt history of customersD. Various analysis of customers on the basis of the aging of their outstanding balances



QUESTION 479In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture(BPA), they must be interfaced with which Oracle Application?

A. Oracle ProjectsB. Oracle ReceivablesC. Oracle Service ContractD. Oracle Order Management



QUESTION 480

The board of directors of Acme Enterprises decide to float two new ompanies: Acme Construction and AcmeExports. hey want to implement Oracle General Ledger. They want to restrict access across these newcompanies. Only the Vice President (Finance) must have complete access.Identify two correct statements. (Choose two.)

A. Create one primary ledger for Acme Enterprises.B. Create one primary ledger for Acme Enterprises, one for Acme Construction, and one for Acme Exports.C. Create only three data access sets: one for Acme Enterprises, one for Acme Construction, and one for

Acme Exports.D. Create one data access set and provide read and write access to Acme Enterprises, and read only access

to Acme Construction and Acme Exports.E. Create four data access sets: one with read and write access for all companies and the rest with read and

write access for the respective balancing segment values for each company.



QUESTION 481ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has multiple ledgersand needs to summarize balances across ledgers. ABC Enterprise is security conscious and wants to restrictuser access on ledgers. All its ledgers share the same chart of accounts and accounting calendar or period-type combination. Identify which functionality of Oracle General Ledger serves the need of ABC Enterprise.

A. LedgersB. Ledger setsC. ConsolidationD. Data access setsE. Balance transfers



QUESTION 482A summary account template is being created to perform a flash inquiry on cash balances for a chart ofaccounts consisting of three segments: company, department, and account. Which combination would result inzero balance?D = DetailT = Total

A. T-T-TB. T-T-DC. T-D-D


D. D-T-DE. D-D-D

Correct Answer: A



QUESTION 483Identify the two tasks that you can achieve by using sequential numbering. (Choose two.)

A. Enable sequential invoice numbers.B. Enable gapless sequence numbers.C. Sequentially number GL and subledger journal entries.D. If you use journal- or subledger-level reporting currencies and when sequences are defined for the source

ledger (such as the primary or secondary ledger), the sequence number generated for the source ledger isautomatically assigned to the reporting currency journal.



QUESTION 484When you define an assignment rule in Bill Presentment Architecture, you specify one or more criteria forcontent item values. Select the three items contained in each criterion. (Choose three.)

A. ValueB. TemplateC. ConditionD. Attribute nameE. Primary data source



QUESTION 485Identify two AR transaction types that correspond to the GL category sales nvoice. (Choose two.)

A. DepositsB. GuaranteeC. AdjustmentsD. ChargebacksE. On-account creditF. Miscellaneous transactions




XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwaituses a monthly calendar. The plan is to close the Kuwait operations and open a new branch in Bangalore. TheKuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added. Bangalore willuse a different chart of accounts from that of Dubai and will use a weekly calendar. Select two valid statements.(Choose two.)

A. There is no mapping required from the Dubai ledger to the Bangalore ledger.B. After adding the Dubai ledger, the ledger options step must be completed.C. Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.D. If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.



QUESTION 487Identify the sequence of the steps that are required for performing the accounting setup from this list.1. Define accounting options.2. Define primary ledger.3. Define legal entities.4. Assign legal entities to accounting setup.5. Complete accounting setup.6. Define secondary ledgers.

A. 1, 2, 3, 4, 5, 6B. 3, 4, 2, 6, 1, 5C. 3, 4, 2, 6, 5, 1D. 1, 3, 2, 4, 5, 6



QUESTION 488While you are attempting to post entries, you receive this error message:Number of updated GL_BALANCES rows does not equal the number of rows in theGL_POSTING_INTERIM_24697 table.A subsequent SQL script identifies that duplicates have arisen from a summary template ID.What must you do?

A. Run the Maintain Summary Template program because a detail account has been added.B. Run the Optimizer program because it would improve the performance of the posting program.C. Run the Inherit Segment Values Attribute program because a valid code combination has been preserved.


D. Run the Incremental Add/Delete Summary Templates program because there has been a change in thehierarchy structure.



QUESTION 489ABC Enterprise has operations in the US (East), the US (West), the US (North), and the US (South). The US(North) and the US (East) divisions want to have budgetary controls. The US (West) wants to have journalapprovals. ABC Enterprise reports to its parent company in the UK and the reporting currency is GBP. Thescope of implementation is for the US operations. The currency, chart of accounts, and calendar are the samefor all operations. Identify the number of legal entities and primary ledgers that must be created.

A. 1 and 3B. 1 and 4C. 2 and 3D. 1 and 2



QUESTION 490ABC Company in India imports baking equipment from XYZ Company in the US A. There is an outstandinginvoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5.Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company,reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack.(Choose two.)

A. XYZ Company is not impacted at all by this rate change.B. XYZ Company has a positive impact by this rate change.C. ABC Company is not impacted at all by this rate change.D. ABC Company has a positive impact by this rate change.



QUESTION 491To create a party paying relationship, the relationship type must be hierarchical and the party type must be_______.

A. ChildB. ParentC. PersonD. Organization

E. Person or organizationCertkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 492Select four key system options in Oracle Receivables that are related to customers. (Choose four.)

A. Default countryB. Receipt methodC. Automatic site numberingD. Create reciprocal customerE. Customer credit classificationF. Automatic customer numberingG. Allow payment of unrelated transactions

Correct Answer: CDFGSection: (none)Explanation


QUESTION 493Identify two credit memo options that are available in Oracle Receivables. (Choose two.)

A. Tax onlyB. AdvanceC. Paid freightD. Invoice linesE. Paid amount only



QUESTION 494Which are the three formats in which late charges can be presented to your customers? (Choose three.)

A. AdjustmentB. ChargebackC. Debit memoD. Add-on feesE. Credit memoF. Interest invoice



QUESTION 495Select three statements that apply to iReceivables. (Choose three.)

A. It is a Web-based self-service application.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. It can be used to verify the status of invoices and receipts.C. It is geared towards call centers, as well as credit and collections departments.D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.



QUESTION 496XYZ Company uses financial statement generator reports to produce profit and loss statements and balancesheet reports. Occasionally, XYZ Company needs to run a report that is slightly different from the standardones that have been created. Identify two types of changes the XYZ Company can make by using the RowOrder feature to accomplish this need.(Choose two.)

A. Adding a new calculationB. Sorting based on column valuesC. Displaying segment values and descriptionsD. Changing how rounding options are performed



QUESTION 497Identify two reasons why ABC Company would use Oracle Business Intelligence (BIS) as one of their reportingtools. (Choose two.)

A. Perform ad hoc query, reporting, analysis, and Web publishing.B. Provide a secured and centralized location to produce and manage point-in-time reports.C. Executive-level information about earnings per share and current ratios can be obtained.D. Monitor the business at a high level and obtain performance measures by using business metrics.E. Create consolidated reports and perform consolidation for companies that share the same ledger.

Correct Answer: CDSection: (none)

Explanation


QUESTION 498What does the concurrent program Automatic Reversal do? (Choose two.)

A. Generates reversals for all journals in a date rangeB. Generates reversals for the journal batches that you specifyC. Generates reversal journals for all journal categories that have AutoReverse enabledD. Generates and posts reversal journals if the journal reversal criteria has the AutoReverse and AutoPost

reversals enabled for the categoryCertkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516



QUESTION 499Which three statements are true about AutoAccounting? (Choose three.)

A. You define AutoAccounting before you enter transactions in Receivables.B. AutoAccounting does not allow you to override default accounts in the Transactions Distribution window.C. AutoAccounting allows you to flexibly define the default account mapping for each segment in your chart of

account structure.D. AutoAccounting is used to determine default general ledger accounts for manual invoices and for invoices

created by AutoInvoice.



QUESTION 500Select two ways in which you can complete an invoice. (Choose two.)

A. Use the Complete button in the Transactions window.B. Run the concurrent program Complete Transactions.C. Select the complete check box in the Transactions window.D. Use the Complete button in the Transactions Summary window.E. Select the complete check box in the Transactions Summary window.F. Ask the technical developer to run a custom PL/SQL program to update all tables.



QUESTION 501Which three functions can the Create Accounting Program perform? (Choose three.)

A. Creating accrual entriesB. Running the journal importC. Validating distribution linesD. Creating accounting entriesE. Transferring data to the interface table



QUESTION 502Which three statements are true about Balance Forward Billing? (Choose three.)

A. Billing date is an optional grouping rule.B. Billing date value is mandatory when cycle is external.C. Accept Consolidated Billing Invoices program is available.


D. Print New Consolidated Billing Invoices program is available.E. It considers both manual transactions and imported transactions.F. Activity can be consolidated across account sites, or by each billing site.

Correct Answer: BEFSection: (none)Explanation


QUESTION 503XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity BalancingSegment". What must be defined in order for the General Ledger Transfer process to execute without error?

A. Gain accountB. Revenue accountC. Expense accountD. Rounding accountE. Suspense account



QUESTION 504

What two types of access do you need to be able to run year-end closing journals for all legal entities? (Choosetwo.)

A. Read-only access to the ledgersB. Full ledger data access set type that provides read and write access to the ledgerC. Read and write access to some of its balancing segment values and management segment valuesD. The balancing segment value data access set type that provides read and write access to all balancing

segment values for a ledger by selecting the all values check box



QUESTION 505Select two features regarding the completion of a successful customer merge in Oracle Receivables thatsupport ongoing customer data cleansing efforts after go-live. (Choose two.)

A. Customer merge activity can be reversed after the merge process.B. Bank details for the merge-from customer remains available after the merge process.C. Duplicate parties are repointed to the surviving party after the customer merge process.D. Duplicate customers are repointed to the surviving customer after the customer merge process.E. Customer sites associated with the old customer or site are associated with the new customer or site after

the customer merge process.F. Customer transactions or audit transactions details for the merge-from customer remain Certkey.com -

Make You Succeed To Pass IT ExamsCertkey 1Z0-516available for reprinting after the customer merge process.



QUESTION 506BT Inc. is implementing Oracle Accounts Receivable to interface with an external non-Oracle legacy billingsystem. The client wants Receivables to generate accounting entries, instead of sending accounting datathrough the interface. Identify four setup items that are used by Receivables to generate the General Ledger(GL) code combinations. (Choose four.)

A. AutoAccountingB. Transaction typeC. Accounting rulesD. Transaction sourceE. Customer bill-to siteF. Standard memo line



QUESTION 507Your company needs a solution that provides the option of transferring a high volume of customer receipts fromthe bank into the Oracle Accounts Receivable system. You do not want the customers account balance to beaffected immediately when the receipts are transferred and uploaded to the receivables system. Which is themost appropriate receipt creation method to implement in Oracle Receivables?

A. Cash receiptsB. Manual receiptsC. Automatic receiptsD. Quickcash receiptsE. Miscellaneous receipts



QUESTION 508Which relationship group would you assign to allow each party to pay for its own transactions, as well as thetransactions of all parties that are lower in the hierarchy (children, grandchildren, and so on)?

A. Pay groupB. Pay belowC. Pay withoutD. Pay parties




QUESTION 509A debit memo reversal must be utilized to reverse the receipt if_____ .

A. Receipt is a non-invoice-related receiptB. Receipt has an open claim associated with itC. Receipt has been reconciled in Cash ManagementD. Receipt has a remitted credit card refund application



QUESTION 510

After creating two new customers, LeftBank and RightSide, you create and complete an invoice for $105 ($100plus $5 tax) for LeftBank. You immediately realize that you should have created the invoice for RightSide.Which three steps can you take to correct the situation? (Choose three.)

A. Change the status of the invoice to incomplete. Delete the invoice, and then enter and complete the invoicefor RightSide.

B. Change the status of the invoice to incomplete. Change the customer in the invoice to RightSide. Completethe invoice.

C. Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to theaccount of RightSide.

D. Create an on-account credit memo for $105 for LeftBank. Apply the on-account credit memo to the invoice.Enter and complete the invoice for RightSide.

E. Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transactiontype that has creation sign equal to negative sign. Complete the invoice. Enter and complete the invoice forRightSide.



QUESTION 511ABC Company is implementing Oracle Financials. The finance manager wants to set up a control point beforethe Receivables entries are transferred to General Ledger. Which two statements are correct about the controlmechanisms that Receivables can provide? (Choose two.)

A. Oracle approval limit can be used to approve or reject the invoices.B. Oracle approval limit can be used to approve or reject the credit memos.C. Oracle approval limit can be used to approve or reject the adjustment activities.D. Oracle Approvals Management (AME) Workflow can be used to approve or reject the invoices.E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit Certkey.com -

Make You Succeed To Pass IT ExamsCertkey 1Z0-516memos.

F. Oracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.



QUESTION 512Choose the correct sequence of events taking place in the data access set setup process.1. Define a legal entity.2. Define ledger sets.3. Define data access sets.4. Define a secondary ledger.5. Define a primary ledger.6. Assign a data access set to responsibilities.7. Define operating units.

A. 1, 7, 5, 4, 2, 3, 6

B. 1, 2, 3, 4, 5, 6, 7C. 1, 7, 4, 5, 3, 2, 6D. 1, 7, 3, 2, 5, 4, 6



QUESTION 513Identify the Receivable interface table into which the receipt information contained in the bank file can beloaded by using a SQL*Loader script.

A. AR_PAYMENTS_INTERFACE_ALLB. AR_INTERIM_CASH_RECEIPTS_ALLC. AR_INTERIM_CASH_INTERFACE_ALLD. AR_INTERIM_CASH_RCPT_LINES_ALLE. AR_INTERIM_PAYMENTS_INTERFACE_ALL



QUESTION 514Your client is implementing Oracle Financials and Order Management. The AR team lead has heard about theTax Reporting Ledger and wants to know which subledger modules are used by the report. Identify threeapplications that can be reported by the Tax Reporting Ledger.(Choose three.)

A. TreasuryB. PayablesC. Purchasing


D. ReceivablesE. General LedgerF. Cash ManagementG. Order Management



QUESTION 515Tina is entering a receipt and she determines that a short payment on a customer's invoice should beconsidered an invoice deduction. Tina applies the cash to the customer's open invoice, thereby triggeringreceivables to create a claim in Trade Management. After Tina saves her work, Receivables _____.

A. Partially applies balance to customer invoice and places the full invoice amount in disputeB. Fully applies customer invoice, thereby creating a chargeback for the remaining invoice BalanceC. Fully applies customer invoice, thereby creating a debit memo for the remaining invoice balanceD. Partially applies balance to customer invoice and places the remaining invoice balance in dispute



QUESTION 516Computer Operations Inc. has its headquarters in Frankfurt. It uses two ledgers: one for corporate accounting(primary) and another for statutory reporting (secondary). Both ledgers have different charts of accounts andaccounting calendars but use EUR as the functional currency. It has a subsidiary in California, which uses itsown chart of accounts and the USD currency. Identify two options by which Computer Operations Inc. canconsolidate their global operations. (Choose two.)

A. A secondary ledger must be defined for California.B. Consolidation can be done by mapping between the California secondary ledger and the Frankfurt

secondary ledger.C. A new ledger set must be defined, which will group the Frankfurt primary ledger and the California

secondary ledger.D. The chart of accounts and calendar of the Frankfurt secondary ledger must be the same as that of the

California secondary ledger.



QUESTION 517AutoAccounting automatically generates accounting flexfields for Receivables transactions. Identify fouraccounts generated by AutoAccounting. (Choose four.)


A. TaxB. FreightC. PayableD. DiscountE. RevenueF. Receivable



QUESTION 518Choose the correct sequence of the budget accounting cycle in Oracle applications.

A. Freeze budgets.B. Define budgets and budget organization.C. Review and correct budgets.D. Report on budgets.E. Enter budget amounts.F. E, D, C, B, AG. B, E, C, D, AH. A, B, C, D, EI. E, A, B, C, DJ. B, E, C, A, D



QUESTION 519ABC Enterprises is implementing Oracle E-Business Suite Release 12. They possess much data relating toAssets, HRMS, Inventory, vendors, and customers. They also have budgetary control enabled, and they have asubstantial amount of budget datA. They want to upload their data into Oracle with the use of Oracle WebApplication Desktop Integrator. Identify four types of data that can be used for uploading data by using WebADI. (Choose four.)

A. HRMS dataB. Assets dataC. Vendors dataD. Budgets dataE. Inventory dataF. Customers data



QUESTION 520Journal creation rules in Subledger Accounting are defined by event type and event class.


Identify the event type associated with the event class of reverse.

A. InvoiceB. ReceiptsC. AdjustmentD. Chargeback

E. TransactionsF. Credit memoG. Bills receivable



QUESTION 521Your client is using Oracle Trading Community Architecture (TCA) relationship manager to create and managerelationships among parties. However, your client is having difficulty understanding circular relationship types.Select two examples of circular relationships.(Choose two.)

A. Company H is an affiliate of company G.B. Company A is the parent company of company B and company C.C. Company J is a subsidiary of company K and company L is a division of company K.D. Company M is a shareholder of company N and company N is a shareholder of company P.E. Company D is a competitor of company E, which is a competitor of company F, which in turn is a competitor

of company D.



QUESTION 522Your client has requested that you set up gapless numbering for its invoices. In your testing, you realized thatthe numbers for deleted invoices were missing from the sequence. How would you prevent that problem?

A. Reuse deleted invoice numbers.B. Do not allow deletion of invoices.C. Create a custom report listing deleted invoice numbers.D. Select Show Deleted Invoice Numbers in your system options.



QUESTION 523ABC Enterprise closes its books on March 31st. These activities have been identified to be performed for theclosure of books.1) post2) translate


3) review4) consolidate5) revalue6) run accounting reports7) close accounting periodIn which order must these activities be performed?

A. 1, 3, 5, 2, 4, 6, 7B. 5, 2, 3, 1, 7, 4, 6C. 1, 5, 2, 3, 4, 7, 6D. 1, 3, 2, 5, 7, 4, 6



QUESTION 524The GL accountant tells you that he has defined two budgets. After selecting the budget organization in theEnter Budget Amounts form, he can select only one budget from the list of values (LOV). What would be yourresponse?

A. The budget status is current.B. The last fiscal year of the budget is closed.C. The first fiscal year of the budget was never opened.D. Accounts must be reassigned to the budget organization.



QUESTION 525There are several setup steps for receipts in Oracle Receivables; some are required whereas others areoptional. Which two setup steps are optional? (Choose two.)

A. Define receipt classes.B. Define receipt methods.C. Define receipt sources.D. Define AutoCash rule sets.E. Define application rule sets.



QUESTION 526When you assign a template to a rule in Bill Presentment Architecture, you enter a range of ___.

A. Data sourcesB. Transaction types


C. Transaction datesD. Customer accounts



QUESTION 527Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirementis to restrict three of the analysts from creating chargebacks or adjustments. What would be your advice toensure compliance with this internal control?

A. Use forms personalization to restrict function access.B. Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.C. Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.D. Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.E. Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three analysts.



QUESTION 528All receipts that fail validation during AutoLockbox processing remain in the _____ table.

A. AR_PAYMENT_SCHEDULEB. AR_PAYMENTS_INTERFACE_ALLC. AR_INTERIM_CASH_RECEIPTS_ALLD. AR_INTERIM_CASH_RCPT_LINES_ALL



QUESTION 529Which three statements are true about accounting rules? (Choose three.)

A. Accounting rules enable you to defer revenue.B. Accounting rules enable you to define fixed and variable rules to recognize revenue.C. Accounting rules enable you to define the number of periods and percentage of total revenue that you can

record in each accounting period.D. Accounting rules enable you to define the number of periods and amount of invoice that you can bill your

customer in each accounting period.




You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a materialtransaction that was completed on the last business day of the closing period.Select the best option in this situation.

A. Ignoring the transaction in the current periodB. Opening the subledger to enter the transactionC. Reversing the prior postings and retransferring data from the subledgersD. Recording a manual accrual journal in the current period and reversing the journal in the next period



QUESTION 531Select four mandatory requirements for creating ledgers in Oracle General Ledger. (Choose four.)

A. CurrencyB. Period typesC. Operating unitsD. Chart of accountsE. Accounting methodF. Accounting calendar



QUESTION 532When you enter a journal, the journals in that batch _____.

A. Must share the same periodB. Must share the same currencyC. Must share the same accounting dateD. Must share both the same period and currencyE. Can have different periods, currencies, and accounting dates



QUESTION 533Your client has set up Oracle Lease Management (OKL) and Oracle Credit Management (OCM) withoutscoring models. Which three tasks can be successfully completed by Oracle Workflow in OCM without manualintervention? (Choose three.)

A. Creating a case folderB. Calculating a credit scoreC. Creating a credit application


D. Creating a final credit recommendationE. Sending notifications to the credit scheduler



QUESTION 534Identify four steps involved in the setup for late charges. (Choose four.)

A. Assigning different policies to your customersB. Indicating by transaction type if a late charge policy is enforcedC. Enabling late charges in the Receivables System Options formD. Enabling late charges in the System Profiles form at the user levelE. Deriving accounting from transaction type when late charges are in adjustment formatF. Indicating if a specific invoice should be exempt from late charges at the transaction level

Correct Answer: ABCFSection: (none)Explanation


QUESTION 535Which four transaction types or activities are affected by the "AR : Disable Receivable Activity BalancingSegment" profile option? (Choose four.)

A. InvoicesB. AdjustmentsC. Late chargesD. Debit memosE. Credit memosF. Discounts (both earned and unearned)G. Activity applications (such as receipt write-off, short-term debt, and claims investigation)

Correct Answer: BCFGSection: (none)Explanation


QUESTION 536Select two correct journal types to be used based on the context provided. (Choose two.)

A. Company E wants to track availability of funds against budgets. Use encumbrance journals.B. Company D wants to track availability of funds against budgets. Use budget journalsC. Company B wants to track floor space and other physical attributes. Use statistical journals.D. Company A wants to track floor space and other physical attributes for Mass Allocation. Use encumbrance

journals.



QUESTION 537You are setting up Receivable Accounting Events in Subledger Accounting. Identify the Event


Entity.

A. InvoicesB. DepositsC. GuaranteesD. TransactionsE. Chargebacks



QUESTION 538Identify three setups in Oracle Receivables that control how discounts are calculated. (Choose three.)

A. Profile optionsB. Payment termsC. System optionsD. Receipt classesE. Customer profiles

Correct Answer: BCE



QUESTION 539Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choosethree.)

A. Create aliases.B. Define a value set.C. Define security rules.D. Define an account structure.E. Define valid segment values.F. Create account combinations.



QUESTION 540There are three invoice correction methods: underinvoicing, overinvoicing, and invalid transactions. Whichoption lists all the correct underinvoicing choices?

A. Void, deleteB. Void, delete, re-create invoiceC. Update invoice, create a debit memo, perform an adjustmentD. Update invoice, create a credit memo, create an on-account credit memo, perform an adjustment, refund




QUESTION 541After creating a number of Financial Statement Generator reports, ABC Company wants a list of the definitionsfor one specific account. Identify the report that would provide this information.

A. FSG Attribute ListingB. FSG Where Used ReportC. FSG Report Detail ListingD. FSG Content Set Detail ListingE. FSG Content Summary Listing



QUESTION 542AutoInvoice does not import Receivables invoices from the interfaces. Identify two reasons that can causeAutoInvoice to fail. (Choose two.)

A. AutoCash rule set is not defined.B. Sold To Customer is validated by ID.C. Default Remit-to address is not defined.D. Receivables adjustment activities are not defined.E. Transaction General Ledger date is in a closed period.



QUESTION 543Invoice batching provides checks and balances that are not available in a single invoice. Choose two reasonswhy you might want to enter invoices in batches. (Choose two.)

A. You can print invoices by batch.B. Batching provides default values for invoice fields.C. You can post invoices to General Ledger by batch.D. You can apply cash receipts directly to a batch of invoices.



QUESTION 544After reviewing an incomplete invoice entered last week by her assistant, Jovi clicked the Complete button inthe Transactions window. What are three changes this would create in Oracle Receivables? (Choose three.)


A. This invoice can now be printed.B. A dunning letter is now sent to the customer for the invoice amount.C. This invoice now becomes eligible to be transferred to General Ledger.D. Payment schedules are now created based on the payment terms and invoice date.E. The invoice is now included in the standard aging and collection process if the transaction type has open

receivables set to No.



QUESTION 545Your client wants to import paid invoices from its legacy system to Oracle Receivables. It does not want to postthe paid invoices to GL or update the customer balances. How would you import invoices in this scenario?

A. Create a transaction source and set the status to Inactive.B. Create a transaction source with the GL Date in a Closed Period box set to Adjust.C. Assign a transaction type with no values for the receivable and revenue accounts.D. Assign a transaction type with the Open Receivable and Post to GL boxes deselected.



QUESTION 546AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority oftransactions done by AB Company are entered in GBP. At the end of the year, AB Company restates all itsledgers or balances to report at the headquarters in the US. What is this process called?

A. RevaluationB. TranslationC. ConversionD. ObservationE. Alteration



QUESTION 547XYZ Enterprises, a US-based export firm, has two offices in the US (East) and the US (West). They use theirprimary ledger for their US operations, and an additional ledger for management analysis and reporting. Theyuse five segments for their accounting flexfield:company, department, account, product, and future. Select the minimum number of required flexfield qualifiersthat they would be using for the accounting structure. (Choose three.)

A. Future segmentB. Product segment


C. Balancing segmentD. Cost center segmentE. Department segmentF. Management segmentG. Natural account segment

Correct Answer: CDGSection: (none)

Explanation


QUESTION 548During the testing phase of your implementation, you find that you are unable to delete a journal batch, though itis not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in whichthe batches cannot be deleted. Select three scenarios that would be on the checklist. (Choose three.)

A. The source is frozen.B. The journal batch has not been posted.C. Funds have been reserved for the batch.D. The journal batch has not been approved.E. Funds are in the process of being reserved for the batch.



QUESTION 549You reviewed all the reconciliation reports for month-end close. Identify the correct sequence of actions youwould undertake to close the month.

A. Run Applied Receipts Report, run AR Reconciliation Report, run Journal Import.B. Run AR Reconciliation Report, run Sales Journal Report, run Create Accounting Program.C. Run Sales Journal Report, run AR to GL Reconciliation Report, run Create Accounting Program.D. Run Create Accounting Program, run AR Reconciliation Report, run AR to GL Reconciliation Report.



QUESTION 550A user attempted to close the Accounts Receivable accounting period and received an error.What could be the cause of the error?

A. AutoInvoice did not run.B. There are lockbox interface errors.C. Create Accounting program did not run.D. There are existing invoice exceptions.E. There are AutoInvoice interface errors.


F. Invoices are entered but not completed.G. General Ledger Journal Import did not run.


Explanation


QUESTION 551Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select tworequired lookups used by OCM. (Choose two.)

A. Risk codeB. Credit ratingC. Payment termsD. Credit review typeE. Credit classification



QUESTION 552Your client occasionally charges sales tax erroneously to some customers. The client's current processinvolves manually issuing a credit memo to correct the customer's account. Customers routinely deduct thesales tax from the invoice before paying. Identify two steps that can help simplify the clients current process.(Choose two.)

A. Set up AutoAccounting.B. Set up adjustment approval limits.C. Set up transaction type for tax adjustment.D. Select the TAX: Allow Override of Tax Code profile option.E. Define receivables activity of adjustment with tax accounting distribution.F. Define receivables activity of miscellaneous cash with tax accounting distribution.



QUESTION 553Which is the correct sequence of steps in planning your summary accounts? (1) planning the summary accountstructure(2) planning the parent segment values and rollup groups needed for summary accounts (3) determiningsummary account needs(4) planning summary account templates to generate multiple summary accounts

A. 2, 3, 1, 4B. 3, 1, 2, 4C. 1, 2, 3, 4D. 2, 1, 3, 4




QUESTION 554To properly associate one transaction type with another in Receivables, you have to define transaction types ina specific order. Identify the correct order.

A. Invoice, credit memo, debit memoB. Invoice, debit memo, credit memoC. Credit memo, invoice, debit memoD. Credit memo, debit memo, invoiceE. Debit memo, invoice, credit memoF. Debit memo, credit memo, invoice



QUESTION 555Your client has requested that you set up a relationship type that would allow any party within the relationship topay for the accounts of any other party. Identify the relationship group that you would assign your relationshiptype to, in order to accomplish this.

A. Pay allB. Pay withinC. Pay belowD. Pay parties



QUESTION 556Select two correct statements for the management segment qualifier in Oracle General Ledger.(Choose two.)

A. The management segment can be a balancing segment.B. The management segment can be a natural account segment.C. The management segment cannot be an intercompany segment.D. This segment qualifier is used for management reporting and analysis.E. Data access sets cannot limit access to specific management segment values.

Correct Answer: CDSection: (none)

Explanation


QUESTION 557Which two statements are true about invoicing rules and accounting rules? (Choose two.)

A. If a transaction has an invoicing rule, an accounting rule is optional.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

B. If a transaction has an invoicing rule, an accounting rule is not allowed.C. If a transaction has an invoicing rule, an accounting rule is also required.D. Invoicing rules and accounting rules have no effect until invoices are paid.E. Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.F. Invoicing rules determine when invoices are due. Accounting rules affect how invoices are accounted for.



QUESTION 558After registering new data sources, you must complete your Bill Presentment Architecture by creating databaseviews. How many database views can you create for each data source?

A. OneB. NineC. ThreeD. Unlimited



QUESTION 559Which three payment terms validations are performed by AutoInvoice for imported balance forward billing(BFB) transactions? (Choose three.)

A. The transaction is stamped with legal entity information.B. All transactions are batched by batch source name and request ID.C. Transactions with balance forward billing payment terms having the external billing cycle have a billing date.D. Transactions with balance forward billing payment terms have balance forward billing enabled at the

account and site profiles.E. Transactions with nonbalance forward billing payment terms for balance forward customers have the

override terms check box selected.



QUESTION 560Which three statements are true about AutoInvoice? (Choose three.)

A. It determines the General Ledger (GL) accounts by using AutoAccounting.B. It imports invoices that have only transaction types that are of the "imported" transaction class.C. It determines the GL accounts from the rows in the

RA_INTERFACE_DISTRIBUTIONS_ALL table.Certkey.com - Make You Succeed To Pass IT ExamsCertkey 1Z0-516

D. It determines whether the invoices should have open or closed status on the basis of the line amounts.E. It uses the AutoInvoice clearing account if it cannot determine the Receivables account by using

AutoAccounting.F. It uses the AutoInvoice clearing account if the price multiplied by quantity does not equal the total amount

for a line.



QUESTION 561How many data source views can you register for the Lines data source in Bill Presentment Architecture?

A. FiveB. OneC. NineD. Seven



QUESTION 562Which three statements are true about data conversion rules? (Choose three.)

A. Journal conversion rules are applied to select the journals for transfer to the secondary ledger based onjournal batches.

B. Chart of account conversion is required if the primary ledger and secondary ledger have the same chart ofaccounts structure.

C. Currency conversion rules are required for consolidating primary and secondary ledgers only when theircurrencies are different.

D. For calendar conversion, the journal effective date determines the corresponding nonadjusting period in thesecondary ledger.

E. The General Ledger Posting program uses the rules to determine which journals to automatically transfer tothe secondary ledger during posting.



QUESTION 563Your client will use the seeded credit classifications of Low Risk, Moderate Risk, and High Risk to evaluate thecredit worthiness of customers. It has also created the following credit review types:New Credit LimitDomestic CreditInternational CreditGuarantor of Credit


Lease Application CreditHow many credit checklists should the management set up in Oracle Credit Management to perform creditreviews in accordance with the organization's current policies?

A. TenB. FiveC. OneD. EightE. ThreeF. Fifteen



QUESTION 564You created an invoice with one line item of $100 and a tax of $10. This line item is credited with an appliedcredit memo of $50. What is the credit to the tax line?

A. $5B. $1C. $10D. $20



QUESTION 565After you define a credit analyst, you can modify any of the analyst's information, except _____.

A. Employee and group

B. Employee and usernameC. Organization and territoryD. Cost center and employeeE. Username and organizationF. Group and group member role



QUESTION 566Jane 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 isno need for any balancing segment values to be assigned to the legal entities or ledgers. She is worried as towhich 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.



QUESTION 567Party Merge provides the capability to merge parties and their related entities in the Oracle Trading CommunityArchitecture (TCA) Registry, thereby eliminating duplicate data in the Registry. Select four entities that can besuccessfully merged using the Party Merge functionality. (Choose four.)

A. You can merge bill-to sites with bill-to sites.B. You can merge bill-to sites with ship-to sites.C. You can merge individuals with individuals.D. You can merge individuals with organizations.E. You can merge organizations with organizations.



QUESTION 568Which two setups are required for customer invoicing? (Choose two.)

A. LockboxB. CustomersC. Remit-to addressD. Customer profile classes



QUESTION 569Identify two functions the Revenue Accounting Management (RAM) Wizard performs in Oracle Receivables.(Choose two.)

A. Apply receiptsB. Resolve claimsC. Adjust sales creditsD. Execute the invoicing processE. Manage revenue contingrncies




QUESTION 570Select three true statements about mapping rules. (Choose three.)

A. Up to two rollup rules are possible.B. You can define a combination of segment values and account rules.C. Mapping sets enable you to transfer data from multiple subsidiaries simultaneously.D. There are only two mapping rule actions consisting of copy value from and assign value from.E. A rollup rule indicates to General Ledger what detail level of information to transfer and how to roll that

information up to the parent.



QUESTION 571Your company is using Oracle Receivables and Trade Management to create and resolve claims.A non-invoice-related claim is generated in Oracle Receivables and transferred to Trade Management forinvestigation. The balancing segments used for accounting on the individual transactions are:

Claim Investigation:1001Unapplied Cash: 1000Cash: 1000Receivables: 2000Receipt Write-Off: 3000If you are using the Account Generator to update the balancing segment values, what is the balancing segmentthat is derived if the claim is resolved via receipt write-off?

A. 1000B. 1001C. 2000D. 3000



QUESTION 572Identify four types of transaction flexfields. (Choose four.)

A. Key transaction flexfieldB. Line transaction flexfieldC. Link-to transaction flexfieldD. Source transaction flexfield


E. Invoice transaction flexfieldF. Reference transaction flexfield

Correct Answer: BCEFSection: (none)Explanation


QUESTION 573The data access set with the full ledger access set type defines three ledgers/ledger sets:Full ledger access set typeLedger/ledger set Sets privilegesVision Services read and writeVision Operations read-onlyVision Global read-onlyWhich statement is correct?

A. Users can only view existing data for the Vision Operations ledger.B. Users have full read and write access to the Vision Operations ledger.C. Responsibilities that use this data access set can only view existing data for the Vision Services ledger.D. Responsibilities that use this data access set have full read and write access to the Vision Global ledger.



QUESTION 574Your customer ABC Inc., has headquarters in San Diego, CaliforniA. The billing function is performed in St.Louis, Missouri. It has a plant in Baltimore, Maryland, a warehouse in Richmond, Virginia, and an assembly linein Nashville, Tennesse. John Thomas, plant supervisor at Baltimore, orders equipment from you to be shippedto the assembly line in Nashville. Later, the assembly line in Nashville will send the equipment to the warehousein Richmond. Identify the state sales tax to apply to this invoice.

A. VirginiaB. MissouriC. MarylandD. CaliforniaE. Tennessee



QUESTION 575One of your Certpaper.com co-workers, Tim, is working to define and develop Financial Statement Generatorreports where the budget amounts and actual amounts would display on the report per period. Tim comes toyou and says that he has defined an FSG report according to the client's requirements; the actual amounts arecorrectly shown, but the problem is that


budget amounts are not showing up on the report. What is your response?



Explanation/Reference:Certkey.com - Make You Succeed To Pass IT Exams

QUESTION 576You are implementing Oracle General Ledger at Certpaper.coms site. Certpaper.com is based in the US buthas a global presence in many countries worldwide, and has transactions in multiple currencies. Theimplementation team decides that GL multi currency setup will be part of the implementation. The GLaccountant approaches you to discuss multiple reporting currencies (MRC); he wants to implement MRC andlink the primary set of books with the reporting set of books. Additionally, he says that the primary and reportingsets of books all have different calendars but share the same chart of accounts. What response do youprovide?

A. The primary and reporting set of books must share the same calendar and chart of accounts.B. There is no problem in satisfying this requirement.C. The primary and reporting set of books must share the same currency and chart of accounts.D. The primary and reporting set of books must share the same calendar, currency and chart of accounts.




QUESTION 577Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurringjournals, mass allocations, and manual journal entries have been posted for their European subsidiary. What isthe next logical step in the period-close process?

A. opening the next periodB. closing the current periodC. revaluing foreign currency balancesD. translating to the functional currencyE. consolidating to the parent set of books



QUESTION 578There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oraclemodules that are directly integrated with Oracle Payables. (Choose four.)

A. LoansB. PurchasingC. Bill of MaterialsD. E-Business TaxE. Order ManagementF. Cash ManagementG. System Administrator



QUESTION 579A client wants to configure Oracle AP to perform prepayments for matched invoices. You have been hired asthe implementation consultant and have been given the assignment. To complete this assignment, choose theoption that applies.


A. Set up the prepayment terms.B. Enable "Allow prepayments" in the Financial Options form.C. Enable the Oracle Payables Enable Prepayments profile option.D. No additional configuration is required. Users must set up the prepayment when the invoice is created.E. No additional configuration is required. Users must set up the prepayment when the payment is created.



QUESTION 580AutoCash rules apply to _____ receipts.

A. ManualB. AutomaticC. QuickcashD. Credit cardE. Direct debitF. Prepayment




QUESTION 581Identify two correct statements about Oracle Receivables. (Choose two.)

A. AutoAccounting is only used for the imported transactions.B. Errors in the AutoInvoice are sent to the Interface Exceptions table.C. Receivables transactions cannot be changed after they are printed.D. Receipt accounting can be transferred after the receipts are entered and saved.E. Transfer to General Ledger can transfer transaction accounting entries after the transactions are entered

and saved.



QUESTION 582Which three statements are true about Balance Forward Billing? (Choose three.)

A. Billing date is an optional grouping rule.B. Billing date value is mandatory when cycle is external.C. Accept Consolidated Billing Invoices program is available.


D. Print New Consolidated Billing Invoices program is available.E. It considers both manual transactions and imported transactions.F. Activity can be consolidated across account sites, or by each billing site.

Correct Answer: BEFSection: (none)Explanation


QUESTION 583How many data source views can you register for the Lines data source in Bill Presentment Architecture?

A. FiveB. OneC. NineD. Seven



QUESTION 584One of your Certpaper.com co-workers, Tim, is working to define and develop Financial Statement Generatorreports where the budget amounts and actual amounts would display on the report per period. Tim comes toyou and says that he has defined an FSG report according to the client's requirements; the actual amounts arecorrectly shown, but the problem is that


budget amounts are not showing up on the report. What is your response?



Explanation/Reference:Certkey.com - Make You Succeed To Pass IT Exams
