Free Oracle 1Z1-516 Exam Dumps Questions & Answers

ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify two correct statements. (Choose two.)

• A.  The setting up of the Descriptive Flexfield is mandatory.
• B.  The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
• C.  Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.
• D.  The Asset Category Flexfield is owned by the Oracle Assets module.

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

• A.  You can maintain consistency among different currency conversion rates.
• B.  You can maintain daily rates and historical rates more easily.
• C.  You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
• D.  You get improved efficiency with the help of the spreadsheet interface.
• E.  Additional security ensures that historical rates can be uploaded to closed or future periods only.

Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

• A.  have tax requirements that are specific for a legal entity
• B.  have similar ledger processing options
• C.  require autonomous document sequencing for a legal entity
• D.  operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes
• E.  open and close periods simultaneously

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

• A.  Legal Entity
• B.  Operating Unit
• C.  Business Group
• D.  Ledger
• E.  Balancing Entity

You want to add multiple sections to your Document Designer template, and you want the sections in the template without page breaks between each section.
How should you accomplish this?

• A.  Select the Continuous Section check box in the Section Properties panel for each subsequent section following the first section in the series
• B.  Add the first section in the series and select the Continuous Section check box in the Section Properties panel
• C.  Add each section to the template and manually remove the page breaks at the end of each section
• D.  You do not have to do anything because this is the default behavior in Document Designer
• E.  Select the Child Section check box in the Section Properties panel for each subsequent section following the first section in the series