Online 1Z0-516 Practice Test

Question 1

Which three statements are true about the revaluation process? (Choose three.)

Options :

A : You must post the revaluation journal entries

B : The revaluation process must be executed after the translation process has completed.

C : This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.

D : Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate

Answer: A,C,D

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

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 4

A customer has BOM Mapping configured on their site using a simple Table-Based BOM Mapping rule.

However, they want to modify their BOM Mapping to also map an additional Configuration attribute to a

Transaction Line level attribute.

Which two methods can the customer use to achieve this? (Choose two.)

Options :

A : Add a new entry in the BOM Item Mapping Definition table for the BOM item

B : Add a new entry in the BOM Attribute Definition table for the BOM item

C : Add a new entry in the BOM Attribute Mapping table for the BOM item

D : Define an Advanced BML-Based BOM Mapping rule that populates the “attributes” node of the BOM item

E : Define an Advanced BML-Based BOM Mapping rule that populates the “definition” node of the BOM item

F : Define an Advanced BML-Based BOM Mapping rule that populates the “fields” node of the BOM item

Answer: A,D

Question 5

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

EXPERTY DESIGNED 1Z0-516 PRACTICE TEST