Online Access Free 1Z1-516 Exam Questions

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

Identify two ways in which you can display a message to a user while using simple table-based lookups for an attribute. (Choose two.)

• A.defining an advanced BML (CPQ Cloud Language) function for that attribute
• B.defining a static text message for that attribute
• C.setting the message type as Table Column when selecting an attribute to populate
• D.setting the message type as Static Entry when selecting an attribute to populate

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

• A.posting journal entries
• B.updating the period
• C.reversing journal entries
• D.translating foreign balances
• E.consolidating financials

ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report is automatically created.
Identify three components on which the Create Journal Entries Execution report reports. (Choose three.)

• A.Budget Journals
• B.Purchasing encumbrance entries
• C.Payables encumbrance entries
• D.Posted Journals report

Which two statements are true regarding partitioning of data by an application? (Choose two.)

• A.Accounts Payable is partitioned by Ledgers.
• B.Order Management is partitioned by Inventory Organization.
• C.General Ledger is partitioned by Ledgers.
• D.Fixed Assets are partitioned by Operating Unit.
• E.Accounts Receivable is partitioned by Operating Unit.