Online Access Free 1Z0-516 Exam Questions

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.require autonomous document sequencing for a legal entity
• C.have similar ledger processing options
• 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

When designing an integration with an ERP system, you must communicate with a third party integration tool (such as a middleware or a hub).
Which three methods can be used to communicate with a middleware in this scenario? (Choose three.)

• A.DataCube Reporting
• B.Send XML on a Transition Rule via Real Time Integration
• C.Formula Management
• D.Automated FTP
• E.Commerce Integration XSLs on an Action
• F.urldata function call in a Commerce Advanced Modification BML function
• G.Commerce Integration Cloud Service Integration on an Action

Select two restrictions that apply to consolidating budget balances. (Choose two.)

• A.If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.
• B.If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.
• C.If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.
• D.If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.
• E.If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.

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

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

XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and Chin a. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments.
All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained.
Identify the number of legal entities to be created and the number of accounting setups.

• A.Create one legal entity and four accounting setups.
• B.Create four legal entities and four accounting setups.
• C.Create two legal entities and four accounting setups.
• D.Create four legal entities and one accounting setup.