Download Oracle.1z0-516.PracticeTest.2018-11-09.398q.tqb
| Vendor: | Oracle |
| Exam Code: | 1z0-516 |
| Exam Name: | Oracle EBS R12.1 General Ledger Essentials |
| Date: | Nov 09, 2018 |
| File Size: | 2 MB |
Demo Questions
Question 1
Your client wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client's requirements?
- Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the parent cost centers. Create FSG based on the parent cost center values or Summary Accounts.
- Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the Rollup Groups.
- Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center values or Summary Accounts.
- Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based on the parent cost centers. Create FSG based on the parent cost center values.
- Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the parent cost center values.
Correct answer: C
Question 2
Which three statements are true about the revaluation process? (Choose three.)
- Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated using the revaluation rate.
- The revaluation process revalues the foreign currency portion of the account balances using the revaluation rate defined in the Period Rates table.
- The revaluation process should be executed after the transaction process has completed.
- You must post the revaluation journal entries.
Correct answer: ABD
Question 3
The GL user entered a taxable journal and posted it. Later the user realizes that he entered a wrong tax code. What should he do?
- delete the journal and re-enter it
- modify the tax code at the line level
- enter another journal with the difference in the tax amount
- reverse and re-enter the journal
- unpost the journal and re-enter it
Correct answer: D
