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

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

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

Which statement is a proper definition of a Punch-In?

• A. Punch-Ins are buttons that take you to specific pages in the system. They can be used to navigate directly from one page to another in your application.
• B. Punch-Ins are links that hook into specific pages in the system. They can be used to navigate directly from one page to another in your application. They can also be used to jump to a specific page from an external website.
• C. Punch-Ins are links that hook into specific product families in the system. They can be used to navigate directly from a product family to another in your application. They can also be used to jump into a specific product family from an external website.
• D. Punch-Ins are links that relate into specific parts in the system. They can be used to search directly for a given part in your application. They can also be used to search for a specific part from an external website.
• E. Punch-Ins are links that hook into a specific Commerce process in the system. They can be used to navigate directly to a given Commerce process in your application. They can also be used to jump into a specific Commerce process from an external website.

ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options.
UK management requires reporting on receivables from its US operations in GBP each month.
Identify the best option for the US operations to report to their parent.

• A. Create a journal-level reporting currency for every transaction.
• B. Create a balance-level reporting currency and run general ledger translation.
• C. Create an account-level reporting currency.
• D. Create a subledger-level reporting currency.

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.

Identify the three reports that can be processed using the State Controller window. (Choose three.)

• A. Consolidation Financial
• B. Consolidations Journal
• C. Consolidation Exceptions
• D. Consolidation Audit
• E. Consolidation Balance Inquiry