Free Providing CertBus Oracle 1Z1-516 VCE Exam Study Guides With New Update Exam Questions

Do not worry about that if you are stuck in the 1Z1-516 exam difficulties, CertBus will assist you all your way through the 1Z1-516 Oracle EBS R12.1 General Ledger Essentials exam with the most update 1Z1-516 PDF and VCE dumps. CertBus exam 1Z1-516 preparation materials are the most comprehensive material, covering every key knowledge of 1Z1-516 Oracle EBS R12.1 General Ledger Essentials exam.

We CertBus has our own expert team. They selected and published the latest 1Z1-516 preparation materials from Oracle Official Exam-Center: http://www.certgod.com/1Z1-516.html

QUESTION NO:59

ABC.com’s GL accountant is responsible for taking care of recurring journals. She comes

to you with a problem: she ran the Generate Recurring Journal program before the AP and

Payroll entries had been posted to GL. As a result, the recurring journal entries created are

incorrect. She has not yet posted the generated recurring journal, and wants to know

whether she can generate it again. The Sequential Numbering profile option is set to

Partially used. What response do you offer?

A. Generate this recurring journal in the previous period.

B. It is not possible under this scenario to regenerate the recurring journal.

C. Generate this recurring journal in the next period.

D. Delete the first generated recurring journal and generate it again.

E. Generate the recurring journal again, because it has not been posted yet.

Answer: D

Explanation:

QUESTION NO:44

Which reports would be appropriate as part of a financial month-end close? (Choose all

that apply.)

A. Account Analysis

B. Trial Balance – Detail

C. Currency – Daily Conversion Rates Listing

D. Chart of Accounts – Segment Values Listing

E. Other – Calendar Validation Report

Answer: A,B

Explanation:

QUESTION NO:87

What are two benefits of using the Journals Import: Group By Effective Date profile option?

(Choose two.)

A. Facilitate more transparent exchange rate conversions.

B. Make daily updates to daily business intelligence.

C. Facilitate consolidation.

D. Account for business transactions by effective date or by accounting date.

Answer: B,D

Explanation:

QUESTION NO:46

ABC.com has a requirement that all budget entries are made through journals. Where

would you set this up?

A. Journal Sources

B. Set of Books

C. Journal Categories

D. Journal Types

E. Budget Organizations

Answer: B

Explanation:

QUESTION NO:16

ABC.com has two diverse business operations in retail stores and services. It has five legal

entities in Canada and five in the United States for both operations. The fiscal year end is

the same for all the legal entities with 12 monthly periods. However, ABC.com wants to use

a 4-5-4 accounting calendar for its retail operations and a calendar-month accounting

calendar for the services operations. ABC.com also wants to use a single chart of accounts

structure. Which five items must ABC.com define to meet the minimum setup steps that are

required for the sets of books for all legal entities? (Choose five.)

A. two accounting calendars

B. four sets of books

C. three sets of books

D. two sets of books

E. chart of accounts structure

F. period types or use seeded ones

G. one accounting calendar

H. enable seeded CAD and USD currencies

I. account combinations

Answer: A,B,E,F,H

Explanation:

QUESTION NO:23

When you enter a journal, the journals in that batch _____.

A. should share the same period

B. should share both the same period and currency

C. should share the same accounting date

D. can have different periods, currencies, and accounting dates

E. should share the same currency

Answer: A

Explanation:

QUESTION NO:34

ABC.com wants to compare actual amounts against their budgeted amounts. Which

reporting or query options would provide that detail? (Choose two.)

A. Trial Balance

B. Account Analysis

C. On-line Account Inquiry

D. On-line Budget Inquiry

E. Financial Statement Generator

Answer: C,E

Explanation:

QUESTION NO:85

During the testing phase of your implementation, you find that you are unable to delete a

journal batch, though it is not yet posted. You ask the technical consultant for help and he

e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios

would be on this checklist? (Choose three.)

A. The journal batch has not been approved.

B. Funds are in the process of being reserved for the batch.

C. The source is frozen.

D. Funds have been reserved for the batch.

E. The journal batch has not been posted.

Answer: B,C,D

Explanation:

QUESTION NO:56

Exhibit:

You work as a DBA for ABC.com. Please study the exhibit carefully.

You are implementing Oracle General Ledger at ABC.com’s site. ABC.com is based in the

U.S. but has a global presence in many countries worldwide, and has transactions in

multiple currencies.

The implementation team decides that Oracle General Ledger multi currency setup will be

part of the implementation.

ABC.com’s Chief Financial Officer wants a system which has features are displayed in the

exhibit.

Which of the requirements can be satisfied with the implementation?

A. All requirements from I to V can be satisfied.

B. I, II and III only

C. I, II, III and IV only

D. I, II, IV and V only

Answer: A

Explanation:

QUESTION NO:32

A manager at ABC.com wants to review the cash balance by company. He has asked you

to create the summary account template. ABC.coms accounting flexfield has four

segments:

Company (5 values)

Cost Centers (30 values)

Region (4 values)

Account (180 values)

The total number of cash accounts is 5, which are associated with 2 parents:

3 accounts are associated with the parent called Checking.

2 accounts are identified with the parent called Savings.

To combine the Cash parents, you created a rollup group named Cash.

How many accounts would the summary account template generate?

A. 2

B. 40

C. 10

D. 1,200

E. 240

F. 60

Answer: C

Explanation:

CertBus exam braindumps are pass guaranteed. We guarantee your pass for the 1Z1-516 exam successfully with our Oracle materials. CertBus Oracle EBS R12.1 General Ledger Essentials exam PDF and VCE are the latest and most accurate. We have the best Oracle in our team to make sure CertBus Oracle EBS R12.1 General Ledger Essentials exam questions and answers are the most valid. CertBus exam Oracle EBS R12.1 General Ledger Essentials exam dumps will help you to be the Oracle specialist, clear your 1Z1-516 exam and get the final success.

1Z1-516 Latest questions and answers on Google Drive(100% Free Download): https://drive.google.com/file/d/0B_3QX8HGRR1mNk50Y1ZKVzgxOXc/view?usp=sharing

1Z1-516 Oracle exam dumps (100% Pass Guaranteed) from CertBus: http://www.certgod.com/1Z1-516.html [100% Exam Pass Guaranteed]

Why select/choose CertBus?

Millions of interested professionals can touch the destination of success in exams by certgod.com. products which would be available, affordable, updated and of really best quality to overcome the difficulties of any course outlines. Questions and Answers material is updated in highly outclass manner on regular basis and material is released periodically and is available in testing centers with whom we are maintaining our relationship to get latest material.

Brand	Certbus	Testking	Pass4sure	Actualtests	Others
Price	$45.99	$124.99	$125.99	$189	$69.99-99.99
Up-to-Date Dumps
Free 365 Days Update
Real Questions
Printable PDF
Test Engine
One Time Purchase
Instant Download
Unlimited Install
100% Pass Guarantee
100% Money Back
Secure Payment
Privacy Protection