1Z0-516 Free Practice Test

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

1. A. opening the next period
2. B. closing the current period
3. C. revaluing foreign currency balances
4. D. translating to the functional currency
5. E. consolidating to the parent set of books

Correct Answer: C

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

1. A. The subledger accounting method must be assigned if defining a balance- or journal-level subledger.
2. B. The subledger accounting method must be assigned only to the secondary ledger in case of defining a subledger journals-level secondary ledger.
3. C. The subledger accounting method must not be assigned if defining an adjustments-only secondary ledger for manual adjustments in General Ledger.
4. 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.
5. 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.

Correct Answer: CE

You want to perform a configuration migration from a development site to a QA site. What is the Oracle-recommended way to accomplish this?

1. A. Download the components that need to be migrated from the development site and upload them to the QA site
2. B. Open Migration Center in the QA site, log in to the development site through the Migration Center section, select the components that need to be migrated, and start the migration
3. C. Open Migration Center in the development site, log in to the QA site through the Migration Center section, select the components that need to be migrated, and start the migration
4. D. Using a DB Link, log in to the development site through the Migration Center section, select the components that need to be migrated, and start the migration

Correct Answer: B

Identify two features of a Value Set that has a validation type of “None.” (Choose two.)

1. A. It has an approved list of values associated with it.
2. B. The entered value must meet the formatting requirements.
3. C. The Flexfield value security rules cannot be used for a segment that uses this Value Set.
4. D. Users can enter any value that they want even if it does not meet formatting requirements.

Correct Answer: BC

Which are three testing strategies for Oracle CPQ Cloud? (Choose three.)

1. A. Perform isolated tests as well as intra-system and cross-system integration tests
2. B. Test cases should be directly linked to business requirements
3. C. Avoid using a test case tracking tool because it is time consuming to track all of the testing team’s efforts
4. D. Create specific test data for accounts, opportunities, and contracts in the CRM system and use that data to perform end-to-end tests for CPQ Cloud quotes

Correct Answer: ABD