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

ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books.
What conversion method would you use?

• A. Use journal-level secondary ledger conversion.
• B. Use both subledger-level and adjustment-level secondary ledger conversion.
• C. Use subledger-level secondary ledger conversion.
• D. Use adjustment-level secondary ledger conversion.

XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently XYZ Corp. needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.

• A. Set the MO: Operating Unit profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.
• B. Create the Operating Unit, run the Replicate Seed Data concurrent request, assign the Operating Unit to a security hierarchy, run Security List maintenance concurrent program, create new responsibilities as necessary, and set up the MO: Security Profile profile option.
• C. It is not possible to add additional Operating Units.
• D. Set the MO: Security Profile profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.
• E. Create the Operating Unit, run the Replicate Seed Data concurrent request, create new responsibilities as necessary, and set up the MO: Default Operating Unit profile option.

Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

• A. Define valid segment values.
• B. Define security rules.
• C. Define a value set.
• D. Define an account structure.
• E. Create aliases.
• F. Create account combinations.

The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger.
They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes.
As an implementation consultant, what one recommendation would you make to meet the above requirement?

• A. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.
• B. Create two primary ledgers with the standard accrual method.
• C. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.
• D. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.
• E. Create two primary ledgers with the standard cash method.

You are the Human Resources lead for the ERP Implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

• A. Organization creation
• B. Journal Entry creation
• C. AutoCreate Purchase Orders
• D. Approvals
• E. Asset assignment