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Update 1Z0-517 Dumps with VCE and PDF for Free (Question 51 – Question 75)

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QUESTION 51
ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automated adjustments. The New Delhi office does not need a complete ledger to perform management or statutory reporting. Which four statements are true in the given scenario? (Choose four.)

A.    The Mumbai ledger is an adjustment-only secondary ledger.
B.    Perform all adjustments in the Mumbai ledger.
C.    Perform all day-to-day transactions in the New Delhi ledger.
D.    Use ledger sets to combine transaction data and adjustment data.
E.    Perform all day-to day-transactions and adjustments in the New Delhi ledger.
F.    Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.

Answer: ABCD

QUESTION 52
In the context of adding, deleting, and disabling secondary ledgers, select two valid statements. (Choose two.)

A.    The subledger accounting method must be assigned if defining a balance- or journal-level subledger.
B.    The subledger accounting method must be assigned only to the secondary ledger in case of defining a subledger journals-level secondary ledger.
C.    The subledger accounting method must not be assigned if defining an adjustments-only secondary ledger for manual adjustments in General Ledger.
D.    The subledger accounting method need not be assigned to the primary ledger for assigning a subledger accounting method to the adjustments-only secondary ledger.
E.    The subledger accounting method must be assigned to both primary and secondary ledgers to use the adjustments-only secondary ledger for both manual and automated adjustments from subledger accounting.

Answer: CE

QUESTION 53
Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.
1. suspense account – suspense posting
2. reserve for encumbrance account – exchange rate gain/loss
3. non-postable net income account – average balance processing
4. ledger currency balancing account – for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value
5. entered currency balancing account – for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value
Identify two correct mappings of accounts. (Choose two.)

A.    1
B.    2
C.    3
D.    4
E.    5

Answer: AC

QUESTION 54
To achieve the maximum summary account functionality for total (T), how must the value sets for each segment of the accounting key flexfield be set?

A.    Precision must be set to one.
B.    The list type must be set to long list of values.
C.    The maximum size of each segment of the accounting key flexfield must be five characters.
D.    The format type must be set to character, and the additional option of numbers only must not be selected.

Answer: D

QUESTION 55
What is the effect of summary accounts on the efficiency of the posting process?

A.    Use summary accounts in the posting process to accumulate values.
B.    Use summary accounts in the posting process to not accumulate values.
C.    Use of summary accounts increases the efficiency of the posting process.
D.    Use of summary accounts decreases the efficiency of the posting process.

Answer: D

QUESTION 56
Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

A.    Use summarized data in journal formulas.
B.    Summary relationships are not permanent.
C.    Inquiry of summary amounts is done online.
D.    The primary use for summarization is only for reports.
E.    You can easily reorganize summary views in the future.of the posting process.

Answer: DE

QUESTION 57
You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template. The template has been designed as follows:
– D-Region-D
– The first segment is company, which has ten values
– The second segment is division, which is represented by the rollup group region. It has six parent values. The last segment is account, which has 500 values
How many summary accounts would be generated by the template?

A.    60
B.    500
C.    3,000
D.    5,000
E.    30,000

Answer: E

QUESTION 58
You have the following information:
– The Accounting flexfield structure is “company, department, product, account.”
– Product has two rollup groups: domestic and international.
– Department has one rollup group: manufacturing.
– All accounting flexfield segment values can use alphanumeric characters.
Which summary account template would Oracle General Ledger fail to create? (D: Detail) (T: Total)

A.    T-T-T-T
B.    T-D-D-D
C.    D-D-D-D
D.    D-T-domestic-D
E.    D-manufacturing-D-T
F.    T-manufacturing-international-D

Answer: C

QUESTION 59
A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company’s 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 five that are associated with two parents:
– Three accounts are associated with the parent called Checking.
– Two accounts are identified with the parent called Savings.
– To combine the cash parents, you create a rollup group named Cash.
Which summary account template would you create to review the cash balances by company? (D: Detail) (T: Total)

A.    D-D-D-Cash
B.    T-T-T-Cash
C.    D-T-D-Cash
D.    T-D-T-Cash
E.    T-D-D-Cash
F.    D-T-T-Cash

Answer: F

QUESTION 60
When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)

A.    The formula must be identified.
B.    The currency must be identified.
C.    The amount type must be identified.
D.    A debit or credit balance type must be assigned.

Answer: CD

QUESTION 61
A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company’s 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 five that are associated with two parents:
– Three accounts are associated with the parent called Checking.
– Two 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.    10
B.    40
C.    60
D.    240
E.    1200

Answer: A

QUESTION 62
How do you know funds are available in the budgetary control summary account template?

A.    when the result is less than one, regardless of the balance type
B.    when the result is greater than one, regardless of the balance type
C.    when the debit balance type has a positive amount, and the credit balance type has a negative balance
D.    when the debit balance type has a negative amount, and the credit balance type has a positive amount

Answer: C

QUESTION 63
When structuring the summary accounts hierarchy, what fact must you take into consideration?

A.    Grandparenting is not allowed (parents cannot become children).
B.    You must include every parent value that is defined in the chart of accounts to a rollup group.
C.    General Ledger will not automatically maintain rollup relationships from the summary level to the lowest detail level.
D.    You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.

Answer: D

QUESTION 64
Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

A.    Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
B.    Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.
C.    Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type.
D.    Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.
E.    Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.

Answer: D

QUESTION 65
What are the five steps for creating MassAllocation journal entries? (Choose five.)

A.    posting journal entries
B.    reviewing journal entries
C.    validating cross-validation rules
D.    freezing the accounting flexfield
E.    generating MassAllocation journals
F.    creating the MassAllocation definition
G.    validating the MassAllocation definition

Answer: ABEFG

QUESTION 66
Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

A.    Whether you can do this depends on the formula.
B.    You can customize the workflow and then do this.
C.    Whether you can do this depends on the responsibility.
D.    You can do this only if Allow Dynamic Insert is enabled.
E.    You can do this only if there is a summary account associated with the parent.

Answer: E

QUESTION 67
Jane, the GL accountant, comes to you with a requirement: the recurring journals batches must be automatically generated at specified intervals. What would be your response?

A.    Allow Dynamic Insert must be enabled to satisfy this requirement.
B.    Cross-validation rules must be defined to satisfy this requirement.
C.    It is possible to satisfy this requirement by using the autoallocation functionality.
D.    It is not possible to satisfy this requirement; recurring journals must be created manually.

Answer: C

QUESTION 68
The client’s GL accountant comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval because the Approve button is disabled in the Enter Journals form and the supervisor has not received a notification requesting the approval. What could be the possible cause for this problem?

A.    The profile option GL: Allow Preparer Approval must be reset.
B.    One of the GL account code combinations in the journal is invalid.
C.    Authorization limits have not been defined properly and the GL period is closed.
D.    Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.

Answer: D

QUESTION 69
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 emails you a checklist of scenarios in which the batches cannot be deleted. Select three scenarios that would be on the checklist. (Choose three.)

A.    The source is frozen.
B.    The journal batch has not been posted.
C.    Funds have been reserved for the batch.
D.    The journal batch has not been approved.
E.    Funds are in the process of being reserved for the batch.

Answer: ACE

QUESTION 70
You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)

A.    Enable journal approval for the Journal Category window.
B.    Disable the Journal: Find Approver Method profile option.
C.    Enable the Journal: Allow Preparer Approval profile option.
D.    Configure the GL journal approval process in Oracle Workflow Builder.

Answer: CD

QUESTION 71
Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

A.    key flexfields
B.    Journal Sources form
C.    Journal Categories form
D.    Journal Encumbrance Types form
E.    Journal approval on the Ledger Setup page

Answer: BE

QUESTION 72
Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

A.    balancing segment
B.    cost center segment
C.    management segment
D.    natural account segment
E.    secondary tracking segment

Answer: AD

QUESTION 73
Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users. One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.

A.    Enable the security on definition by selecting the enable security check box.
B.    Remove the security on definition by deselecting the enable security check box.
C.    Exclude the assign access function for those definitions from the user’s responsibility.
D.    Define security rules and specify what actions can be performed by each user or a group of users.
E.    Set up profile options against each user and specify what actions can be performed by each user or a group of users.

Answer: C

QUESTION 74
The management segment qualifier must be attached to which key flexfield segment?

A.    future segment
B.    account segment
C.    company segment
D.    department segment
E.    intercompany segment

Answer: D

QUESTION 75
The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period. You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?

A.    The budget year is open.
B.    The budget status is frozen.
C.    The budget status is current.
D.    The Require Budget Journal profile option is set at the set of books level.

Answer: A


PassLeader now are offering 100% pass ensure 1Z0-517 dumps! All 1Z0-517 exam questions have been updated with correct answers, welcome to download the newest PassLeader 1Z0-517 VCE dumps and PDF dumps: https://www.passleader.com/1z0-517.html (313 Q&As)

BTW: Download PassLeader 1Z0-517 dumps from Google Drive for free: https://drive.google.com/open?id=0B-ob6L_QjGLpamNRblFUamsxVW8