1Z0-516 Free Practice Test

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

1. A. You must post the revaluation journal entries.
2. B. The revaluation process must be executed after the translation process has completed.
3. C. This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.
4. D. Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.

Correct Answer: ACD

Which two statements are true about Formulas? (Choose two.)

1. A. Both attributes and library functions can be used as inputs for Formula Management
2. B. Only attributes can be used as inputs for Formula Management
3. C. Formulas cannot be run in sequence to perform multi-step calculations
4. D. Formulas can set both transaction- and line-level attributes

Correct Answer: CD

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

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

Correct Answer: CD

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

1. A. Recommendation, Constraint, Hiding, Recommended Item
2. B. Constraint, Hiding, Recommendation, Recommended Item
3. C. Recommendation, Recommended Item, Hiding, Constraint
4. D. Hiding, Constraint, Recommendation, Recommended Item
5. E. Constraint, Recommendation, Constraint, Hiding, Recommended Item

Correct Answer: D

Along with Part Number, Quantity, and Price, you also want to send additional recommended item details from Configuration to Commerce by using a Recommended Item rule. Which two options enable you to achieve this? (Choose two.)

1. A. Use the Comment field to pass additional details
2. B. Pass the additional details by storing them in a Price Book
3. C. This is not feasibl
4. D. Only Part Number, Quantity, and Price can be passed from Config to Commerce by using Recommended Item rules
5. E. Concatenate the additional details to Part Number
6. F. Use BOM Mapping rules

Correct Answer: AE