Online 1Z0-516 Practice Test

Question 1

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

Options :

A : You can delete the budget and the budget organization after they have been defined

B : You cannot delete the budget or the budget organization after either has been defined

C : You cannot delete a budget after it has been defined. However, you can delete a budget organization.

D : You cannot delete a budget organization after it has been defined. However, you can delete a budget

Answer: C

Question 2

Based on default values, which statement is false about automatic FTP (File Transfer Protocol) processing in CPQ Cloud?

Options :

A : You must upload file to the automated folder on the FTP server

B : You must list files in the order in which they should be processed in the upload_list.xml file

C : FTP uploads are processed every 90 minutes

D : You can use the Bulk Data service to extract the file format and upload it via FTP automation

Answer: D

Question 3

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

Options :

A : requires all journals to be reviewed before posting

B : requires review of recurring journals before posting

C : requires review of a journal entered in GL by the approver before posting

D : requires generated AutoAllocation journals to be reviewed before posting

Answer: D

Question 4

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

Question 5

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

EXPERTY DESIGNED 1Z0-516 PRACTICE TEST