Oracle 1Z0-516 : Oracle EBS R12.1 General Ledger Essentials

Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year.
The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods.
Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)

• A. Use the divide evenly rule with the 4/4/5 spread.
• B. Use the divide evenly rule with the 5/4/4 spread.
• C. Use the divide evenly rule with the 4/4/4 spread.
• D. Use the divide evenly rule with the 4/5/4 spread.

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

• A. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.
• B. It ensures reapplication of the same rules each time you transfer.
• C. IDT provides greater flexibility by performing no validation on the imported data.
• D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.
• E. User-defined conditions enable you to control when transformation rules must be applied.

You set the GL: Journal Review Required profile option to "Yes." Identify the result.

• A. requires generated AutoAllocation journals to be reviewed before posting
• B. requires review of a journal entered in GL by the approver before posting
• C. requires review of recurring journals before posting
• D. requires all journals to be reviewed before posting

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

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

Your customer has sales organizations in two countries.
The customer wants to make sure that users from one country have access only to quotes from that country.
How do you achieve this?

• A. Define two groups: Country A and Country B. Define a participant profile, Sales, for each step. Define an auto-forwarding rule which returns either "Group A~company~Sales" or "Group B~company~Sales".
• B. Define different steps (for example, Pending A and Pending B) for each country. The participant profile of each step allows access through user groups (either Group A or Group B depending on the step). Using transition rules, make sure that quotes for Country A are always moved to steps belonging to that country.
• C. Hide Transaction Manager in CPQ and make sure that all access to quotes is performed from the CRM system where you can easily define which quotes should be visible for different users.
• D. Define two groups: Country A and Country B. For each step, define two different participant profiles: Profile A and Profile B. For each profile, select one matching group.