1Z0-516 Exam Questions & Answers

Exam Code: 1Z0-516

Exam Name: Oracle E-Business Suite R12.1 General Ledger Essentials

Updated: Apr 29, 2024

Q&As: 280

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Practice These Free Questions and Answers to Pass the On-Premise Applications Exam

Questions 1

What is the correct order of execution of Configuration rules for an attribute that has both Recommendation and Constraint rules written on it?

A. Recommendation, Constraint, Hiding, Recommended Item

B. Constraint, Hiding, Recommendation, Recommended Item

C. Recommendation, Recommended Item, Hiding, Constraint

D. Hiding, Constraint, Recommendation, Recommended Item

E. Constraint, Recommendation, Constraint, Hiding, Recommended Item

Show Answer
Questions 2

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

A. A runtime error occurs within the rule, which is firing before the current rule

B. The status of the rule is set to Inactive

C. The rule's Condition attributes are hidden in Configuration Layout

D. The attributes used in the rule are not added in Configuration Layout

Show Answer
Questions 3

Your company needs a solution that provides the option of transferring a high volume of customer receipts from the bank into the Oracle Accounts Receivable system. You do not want the customers account balance to be affected immediately when the receipts are transferred and uploaded to the receivables system. Which is the most appropriate receipt creation method to implement in Oracle Receivables?

A. Cash receipts

B. Manual receipts

C. Automatic receipts

D. Quickcash receipts

E. Miscellaneous receipts

Show Answer
Questions 4

You reviewed all the reconciliation reports for month-end close. Identify the correct sequence of actions you would 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.

Show Answer
Questions 5

Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

A. Ledger

B. Legal Entity

C. Operating Unit

D. Security Profile

E. Business Group

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