1Z0-516 Free Practice Test

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

1. A. Whether you can do this depends on the formula.
2. B. You can customize the workflow and then do this.
3. C. Whether you can do this depends on the responsibility.
4. D. You can do this only if Allow Dynamic Insert is enabled.
5. E. You can do this only if there is a summary account associated with the parent.

Correct Answer: E

Identify the four resources that Oracle Technology Network (OTN) provides. (Choose four.)

1. A. sample codes
2. B. Bug Database
3. C. technical articles
4. D. product downloads
5. E. product documentation
6. F. Applications Electronic Technical Reference Manuals (eTRM)

Correct Answer: ACDE

ABC 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 management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.

1. A. Create an account-level reporting currency.
2. B. Create a subledger-level reporting currency.
3. C. Create a journal-level reporting currency for every transaction.
4. D. Create a balance-level reporting currency and run general ledger translation.

Correct Answer: B

ABC Inc. added a new Operating Unit to its existing Multi-Org Access-enabled responsibility. When users logged in using their existing responsibility, they could not see the new Operating Unit in the list of values.
What could be the cause?

1. A. Security List Maintenance was not run.
2. B. The Set MO: Operating Unit profile was not defined.
3. C. The Set Multi-Org Preferences profile was not defined.
4. D. The Set MO: Default Operating Unit profile was not defined.
5. E. The Set MO: Security profile was not defined for the responsibility.

Correct Answer: A

A use case requires displaying 250 rows of data to a user and allowing the user to interact with the data in a mobile interface.
What is the Oracle-recommended method for displaying an interactive 250-row data set in a Configurator?

1. A. You do not have a good option because 250 rows are too much to display on the screen of a Configurator
2. B. Use an array set to show this data
3. C. Split the data into two array sets and use logic to show the relevant set of data
4. D. Use an HTML attribute to display the data and use JavaScript to create interactivity

Correct Answer: C