Online 1Z0-516 Practice Test

Question 1

What is the order of execution when a new transaction is created?

Options :

A : main doc integration, advanced main doc default BML, attribute defaults

B : advanced main doc default BML, attribute defaults, main doc integration

C : process integration, attribute defaults, advanced main doc default BML

D : attribute defaults, advanced main doc default BML, process integration

E : process integration, advanced main doc default BML, attribute defaults

F : process integration, attribute defaults, advanced main doc default BML, main doc integration

Answer: D

Question 2

Which four attributes are validated during the Journal Import process? (Choose four.)

Options :

A : period

B : approval level

C : balanced journal

D : cross-validation rule

E : account combination

F : journal sequence number

Answer: A,C,D

Question 3

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

Options :

A : Natural accounts were defined as parent values

B : Natural accounts were defined to not allow posting.

C : Natural accounts were defined with an incorrect account type

D : Natural accounts were defined to store both statistical and monetary values.

Answer: C

Question 4

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?

Options :

A : 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

B : 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

C : 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

D : 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”.

Answer: A

Question 5

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?

Options :

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: A

EXPERTY DESIGNED 1Z0-516 PRACTICE TEST