Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 15

You are defining FSG reports to be used by different users for your customer. One of the customer requirements is that some users must be able to modify the report definition, some users must be able to only view the report definition, and other users can modify, view, and submit the report. Which solution must be implemented to meet the customer requirement?


Options are :

  • Set up profile options for each user and specify what actions can be performed by each user or a group of users.
  • Define definition access sets and specify what actions can be performed for a user or group of users.
  • Define a separate data set for each FSG user and grant them privileges accordingly.
  • Define security rules and specify what actions can be performed by each user or a group of users.
  • Define a separate ledger set for each FSG user and grant them privileges accordingly.

Answer :Define definition access sets and specify what actions can be performed for a user or group of users.

ABC Corp. is implementing General Ledger, Payables, Receivables, and Cash Management. Identify two points of integration between General Ledger, Payables, Receivables, and Cash Management. (Choose two.)


Options are :

  • Cash Management does not send bank reconciliation accounting entries to General Ledger.
  • Payables sends bank reconciliation accounting entries to General Ledger.
  • Receivables sends bank reconciliation accounting entries to General Ledger.
  • Cash Management sends bank reconciliation accounting entries to General Ledger.
  • Receivables sends accrued revenue accounting entries to General Ledger.

Answer :Payables sends bank reconciliation accounting entries to General Ledger. Cash Management sends bank reconciliation accounting entries to General Ledger.

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 7

You are using the Event Based Revenue Management business rule for revenue recognition. Your company is on 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 of 120 days. On April 28th of the current year, a receipt of $1000 is applied against this invoice. You would recognize revenue of $1000 in the month of _____.


Options are :

  • August
  • July
  • April
  • May
  • June

Answer :August

An easy methodology to clarify how to define rollup groups for the summary account is to _____.


Options are :

  • Look at industry standards
  • Sketch the summarization levels
  • Discuss it with all levels of management within the organization
  • Review detailed financial reports

Answer :Sketch the summarization levels

Identify three prerequisites for the Payables period-close process. (Choose three.)


Options are :

  • reconciling bank statements
  • updating matured bills payable
  • confirming or canceling all pay runs
  • making adjustments to supplier invoices interfaced to Projects
  • completing all receipt processing
  • resolving holds

Answer :updating matured bills payable completing all receipt processing resolving holds

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 6

The tables for the Customer Master are owned by _____.


Options are :

  • Oracle Trading Community Architecture
  • Oracle Customer Relationship Management
  • Oracle Order Management
  • Oracle Receivables

Answer :Oracle Trading Community Architecture

The Receipt Inherit Invoice Number option affects only receipts created by _____.


Options are :

  • The AutoLockbox program
  • Oracle Trade Management
  • Oracle Cash Management
  • The Automatic Receipts program

Answer :The Automatic Receipts program

Which profile option must be enabled to allow you to change the tax code on the transaction line in Receivables?


Options are :

  • eBtax: Allow Manual Tax Lines
  • eBtax: Allow Ad Hoc Tax Changes
  • eBtax: Inventory item for Freight
  • eBtax: Allow Override of Customer Exemptions

Answer :eBtax: Allow Ad Hoc Tax Changes

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 5

Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.


Options are :

  • Adjustment
  • Unearned discount
  • Earned discount
  • Miscellaneous cash

Answer :Miscellaneous cash

Identify two statements that apply to Oracle Collections. (Choose two.)


Options are :

  • It can be used to place an invoice in dispute.
  • It is a Web-based self-service application.
  • It enables customers to see their own Oracle Receivables account information, such as balances.
  • It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.

Answer :It can be used to place an invoice in dispute. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections.

Select three processes that must be performed before closing the purchasing period. (Choose three.)


Options are :

  • Run and review the Uninvoiced Receipts Report.
  • Process the remaining inventory transactions.
  • Run Transfer Journal Entries to the GL program from Receiving.
  • Process period-end receipt accruals.
  • Run the Purchasing Account Analysis Report.

Answer :Run and review the Uninvoiced Receipts Report. Run Transfer Journal Entries to the GL program from Receiving. Process period-end receipt accruals.

Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 6

Select the setup task that you are required to perform in Receivables to manage tax calculations on invoices.


Options are :

  • Defining Account Generator
  • Defining AutoInvoice
  • Defining tax rules
  • Defining tax registrations
  • Defining AutoAccounting

Answer :Defining AutoAccounting

A client wants to configure Oracle AP to perform prepayments for matched invoices. You have been hired as the implementation consultant and have been given the assignment. To complete this assignment, choose the option that applies.


Options are :

  • Enable "Allow prepayments" in the Financial Options form.
  • No additional configuration is required. Users must set up the prepayment when the invoice is created.
  • Enable the Oracle Payables Enable Prepayments profile option.
  • No additional configuration is required. Users must set up the prepayment when the payment is created.
  • Set up the prepayment terms.

Answer :No additional configuration is required. Users must set up the prepayment when the invoice is created.

Which three reports can be used to reconcile Payables activities to General Ledger? (Choose three.)


Options are :

  • Cash Clearing Account Report
  • General Ledger Account Analysis Report
  • Supplier Payment Report
  • Accounts Payable Trial Balance Report
  • Posted Payments Report

Answer :General Ledger Account Analysis Report Accounts Payable Trial Balance Report Posted Payments Report

1Z0-521 Oracle E-Business Suite R12.1Oracle Order Managment Set 1

Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by Invoice Report.


Options are :

  • Allow Online Validation
  • At Invoice Validation Time
  • Allow Force Approval
  • At Payment Time

Answer :At Invoice Validation Time

At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to GL. The current Payables period has been closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices - Posted Payments 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 Accounts Payable Trial Balance (last day of the current period). What is the possible reason?


Options are :

  • Period-end accrual journals have been reversed in GL.
  • Manual journals have been posted to the AP liability account in the current period in GL.
  • Inventory has not closed for the current period.
  • Purchasing has not closed for the current period.

Answer :Manual journals have been posted to the AP liability account in the current period in GL.

Select the income tax report that is NOT available in the Payables module.


Options are :

  • Withholding Tax by Supplier
  • Withholding Tax by Supplier Site
  • Withholding Tax by Payment
  • Withholding Tax by Invoice

Answer :Withholding Tax by Supplier Site

1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 3

Identify two options that users can specify using Multi-Org preferences.


Options are :

  • Set up date, currency, and number formats
  • Set up frequently accessed forms and webpages
  • Set up frequently accessed responsibilities
  • Set up the access to a limited list of Operating Units

Answer :Set up frequently accessed responsibilities

Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 14

Oracle E-Business Suite Release 12 is designed to assist companies meet the business challenges of globalization. Select four features of Oracle E-Business Suite Release 12 that support efficient management of a global enterprise in a single database. (Choose four.)


Options are :

  • Supports multiple data models
  • Supports multiple currencies
  • Supports statutory and customary local requirements
  • Extends internal process support beyond enterprise boundaries
  • Has common data model
  • Supports separate legacy systems

Answer :Supports multiple currencies Supports statutory and customary local requirements Extends internal process support beyond enterprise boundaries Has common data model

Which two statements explain the role of the Desktop Tier in Oracle E-Business Suite Release 12? (Choose two.)


Options are :

  • It displays the Oracle E-Business Suite Release 12 Swan user interface.
  • It is responsible for forms displayed using Java (forms-based access) or HTML JavaScript.
  • It is responsible for forms displayed using Java (forms-based access) or HTML JavaScript.
  • It is responsible for storing and executing most of the business logic associated with Oracle E-Business Suite Release 12.
  • It manages communication between the middle tier and the database tier.

Answer :It displays the Oracle E-Business Suite Release 12 Swan user interface. It is responsible for forms displayed using Java (forms-based access) or HTML JavaScript.

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


Options are :

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

Answer :The entered value must meet the formatting requirements. The Flexfield value security rules cannot be used for a segment that uses this Value Set.

Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 1

Identify two correct statements related to Key Performance Indicators and the KPI region in Daily Business Intelligence. (Choose two.)


Options are :

  • Can be of table format only
  • Contains a unique set of graphical information on a dashboard
  • Can be configured for each dashboard
  • Is a strategic business factor that is used for reporting
  • Organizes data into reporting hierarchies

Answer :Can be configured for each dashboard Is a strategic business factor that is used for reporting

A Global Single Instance (GSI) provides the global enterprise with a single, complete data model. Identify three features in Oracle E-Business Suite Release 12 that support a GSI. (Choose three.)


Options are :

  • Capture of statutory and customary local requirements in the same database
  • Maintenance of third-party applications
  • Decentralization of operations by regions, divisions, or processes D. Consolidation of data centers and lowering administrative overhead
  • Automation of standardized documents and audit processes

Answer :Capture of statutory and customary local requirements in the same database Automation of standardized documents and audit processes

Which two statements are correct regarding a table-validated Value Set? (Choose two.)


Options are :

  • You use a table-validated Value Set when you have a set of values that is already maintained in an application table.
  • You cannot define a table that you want to use when defining the table-validated Value Set.
  • You can use a SQL query to retrieve all the approved values from the table when defining the table-validated Value Set.
  • A table-validated Value Set does not provide a predefined list of values.

Answer :You use a table-validated Value Set when you have a set of values that is already maintained in an application table. You can use a SQL query to retrieve all the approved values from the table when defining the table-validated Value Set.

1Z0-409 Oracle Linux Fundamentals Practice Test Set 1

Identify two features of the Notification System in Oracle Workflow. (Choose two.)


Options are :

  • ovides access to the worklist from Oracle E-Business Suite Release 12 through the worklist web pages
  • Leverages Oracle Advanced Queuing to enable business events to communicate across systems
  • Enables any user with access to the Internet to be included in a workflow process
  • Executes workflow rules and functions
  • Notifies the loading of a workflow process definition file from a flat file to a database

Answer :ovides access to the worklist from Oracle E-Business Suite Release 12 through the worklist web pages Enables any user with access to the Internet to be included in a workflow process

Which two statements are true about the features of Daily Business Intelligence? (Choose two.)


Options are :

  • Parameters regulate user access to content and functionality.
  • The data that has changed since the last refresh is updated.
  • Key Performance Indicators cannot be disabled.
  • Incremental refresh capabilities of Oracle Database are leveraged.

Answer :The data that has changed since the last refresh is updated. Incremental refresh capabilities of Oracle Database are leveraged.

Embedded Dashboards are a feature of Oracle Fusion Business Intelligence Release 12. Select three additional features that Embedded Dashboards provide. (Choose three.)


Options are :

  • Multiple currencies
  • Flexible time periods
  • Use of workflow notifications
  • Ability to create/import transactions
  • Ability to export to Excel or PDF

Answer :Multiple currencies Flexible time periods Ability to export to Excel or PDF

1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 2

Identify three true statements regarding Multiple Organization reporting. (Choose three.)


Options are :

  • Cross Organization reports can be submitted for a Reporting Level of Ledger.
  • Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.
  • Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.
  • Multiple Organization reports can be submitted for a Reporting Level of Ledger.
  • Cross Organization reports and multiple Organization reports are the same.
  • Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.

Answer :Cross Organization reports can be submitted for a Reporting Level of Ledger. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.

Identify four components of the Fusion Business Intelligence Embedded Dashboard. (Choose four.)


Options are :

  • Web conferencing link
  • Flexible time periods
  • Multiple currencies
  • Multiple data widgets
  • Key Performance Indicators
  • Real-time chat link

Answer :Web conferencing link Flexible time periods Multiple currencies Multiple data widgets

Select three true statements about Business Event System in Oracle Workflow. (Choose three.)


Options are :

  • Resides in Oracle Application Server
  • Uses Advanced Queuing to send messages from one system to another
  • Can be used with Workflow Engine to integrate external systems
  • Resides in Oracle Database
  • Consists of Event Manager, which lets you register workflow processes

Answer :Uses Advanced Queuing to send messages from one system to another Can be used with Workflow Engine to integrate external systems Resides in Oracle Database

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 4

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