Oracle 1Z0-516 Exam Dumps

Vendor: Oracle

Related Certifications: Oracle E Business Suite

Exam: 1Z0-516

Exam Name: Oracle E-Business Suite 12: Oracle General Ledger Essentials

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Question: 5

After you determine your needs and organize your summary account structure, which General Ledger tools can you use to define parent-child values and rollup groups?

  1. Analyzer Hierarchies, Account Hierarchy Manager or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).
  2. Mass Maintenance, Analyzer Hierarchies, or Account Hierarchy Manager
  3. Mass Maintenance or Account Hierarchy Manager
  4. Mass Maintenance or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).
  5. Account Hierarchy Manager or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).

Answer: E

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Question: 2

Jason, the corporate controller of ABC.com where you are implementing Oracle General Ledger, Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany System (GIS). He wrote some notes from a conversation with his accounting manager about GIS. He wants you to validate which points he has written down about GIS are true. Identify Jason's three correct points. (Choose three.)

  1. GIS enables intercompany transactions to be approved after transfer from AP and AR.
  2. Unlike intercompany accounting within the same set of books, GIS only works between sets of books but not within the same set of books.
  3. Intercompany journals are created automatically as soon as they are approved.
  4. You can set up GIS so that the sender's transactions do not need to be approved by the receiver.
  5. If a sender approves the transaction but the receiver rejects it, the transaction is recalled.
  • Each company that uses GIS must be set up as a subsidiary that is associated with a balancing segment value.
  • You can optionally send notifications to a defined user or responsibility when an intercompany transaction is initiated.
  • Answer: D,F,G


    Question: 2

    Jason, the corporate controller of ABC.com where you are implementing Oracle General Ledger, Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany System (GIS). He wrote some notes from a conversation with his accounting manager about GIS. He wants you to validate which points he has written down about GIS are true. Identify Jason's three correct points. (Choose three.)

    1. GIS enables intercompany transactions to be approved after transfer from AP and AR.
    2. Unlike intercompany accounting within the same set of books, GIS only works between sets of books but not within the same set of books.
    3. Intercompany journals are created automatically as soon as they are approved.
    4. You can set up GIS so that the sender's transactions do not need to be approved by the receiver.
    5. If a sender approves the transaction but the receiver rejects it, the transaction is recalled.
  • Each company that uses GIS must be set up as a subsidiary that is associated with a balancing segment value.
  • You can optionally send notifications to a defined user or responsibility when an intercompany transaction is initiated.
  • Answer: D,F,G


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