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1Z0-516 PDF DEMO:

QUESTION NO: 1
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. John, a junior consultant helping you in the implementation effort, comes to you and says that he is testing the system and entering journals in US dollars, yen and euros. He says that he is able to enter the journals in US dollars and euros, but cannot enter the journals in Japanese yen. What possible explanation can you provide to John for this?
A. Yen currency has not been enabled.
B. Daily rates have not been entered for yen.
C. Workflow needs to be customized for journals to be entered in yen.
D. Rate types have not been defined for yen.
Answer: A

QUESTION NO: 2
What are the possible posting options in Oracle General Ledger?
A. Post Journal batches individually Post multiple journals
B. Post multiple batches
Post batches that meet specific criteria by submitting a concurrent request
C. Post Journal batches individually Post multiple batches Use AutoPost
D. Post Journal batches individually Post multiple batches Post batches that meet specific criteria by submitting a concurrent request and using Journal Approval
Answer: C

QUESTION NO: 3
ABC.com has offices around the world, spread across different legal entities. ABC.com is implementing Oracle General Ledger. Its accounting department wants to know how to reduce the burden of elimination entries. What do you recommend?
A. Recurring Journals
B. ADI Journals
C. Summary Journals
D. Mass Allocation
E. Intercompany Journals
Answer: A

QUESTION NO: 4
During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in the expenditure inquiry form. Which process was likely omitted?
A. distribute costs
B. interface costs
C. streamline costs
D. tieback costs
Answer: A

QUESTION NO: 5
ABC.com has many Financial Statement Generator reports created to produce Profit & Loss statements and Balance Sheet reports. Occasionally ABC.com has a need to run a report that is slightly different than the standard ones that are already created. Which two types of changes could XYZ make using the Row Order feature? (Choose two.)
A. add a new calculation
B. change how rounding options are performed
C. display segment values and descriptions
D. sort based on column values
Answer: C,D

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