Oracle 1Z0-516 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-516
Exam Name/Title: Oracle EBS R12.1 General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Other Oracle Certification

Exam Questions: 180
Updated On: Jul 11, 2026

Question #1

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

A. updating the period

B. consolidating financials

C. reversing journal entries

D. translating foreign balances

E. posting journal entries

Discussion 0

Correct Answer: A Vote an answer

Question #2

A use case requires displaying 250 rows of data to a user and allowing the user to interact with the data in a mobile interface.
What is the Oracle-recommended method for displaying an interactive 250-row data set in a Configurator?

A. Use an array set to show this data

B. Split the data into two array sets and use logic to show the relevant set of data

C. You do not have a good option because 250 rows are too much to display on the screen of a Configurator

D. Use an HTML attribute to display the data and use JavaScript to create interactivity

Discussion 0

Correct Answer: B Vote an answer

Question #3

Identify four consolidation tools. (Choose four.)

A. Global Intercompany System

B. Financial Statement Generator

C. Interface Data Transformer

D. Global Consolidation System

E. Applications Desktop Integrator

Discussion 0

Correct Answer: B,C,D,E Vote an answer

Question #4

During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.
Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

A. Define Value Sets and assign them to Segments.

B. Qualify one of the Segments as the Balancing Segment.

C. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

D. Define Segments in the Accounting FlexField structure.

E. The Key Flexfield Segments have to be enabled and displayed.

Discussion 0

Correct Answer: C Vote an answer

Question #5

When defining a new user, which Type value can grant a user account complete access to the CPQ Cloud site?

A. AdminAccess with Create/Modify Users selected

B. FullAccess with Create/Modify Users selected

C. Root with Create/Modify Users selected

D. Administration with Create/Modify Users selected

E. Superuser with Create/Modify Users selected

Discussion 0

Correct Answer: A Vote an answer

Question #6

The commerce step "Pending" has four participant profiles in the following order: SalesRep, SalesManager, Owner, and Admin.
The Admin profile allows access with the FullAccess user type.
The Owner profile has at performer steps "start" step selected.
The step has an auto-forwarding rule.
A FullAccess user with the SalesGroupA and SalesManagerA groups creates a new quote and saves it, which moves the quote to "Pending".
The auto-forwarding rule returned the following two lines:
SalesManagerA~Company~SalesManager
SalesGroupA~Company~SalesRep
Which profile will be used to display the quote in the "Pending" step to this user?

A. Admin profile

B. Owner profile

C. SalesRep profile

D. SalesManager profile

Discussion 0

Correct Answer: C Vote an answer

Question #7

Select two restrictions that apply to consolidating budget balances. (Choose two.)

A. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.

B. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.

C. If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.

D. If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.

E. If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.

Discussion 0

Correct Answer: A,B Vote an answer

Question #8

What standard functionality would you use to align attribute labels on a configuration screen to that they are evenly distributed vertically?

A. Add spacers in the Configuration Layout and define spacer height

B. Use CSS

C. Add HTML attributes and use </br>

D. Add read-only text area attributes in the layout with the required dimensions

Discussion 0

Correct Answer: C Vote an answer

Question #9

The management segment qualifier must be attached to which key flexfield segment?

A. department segment

B. account segment

C. future segment

D. intercompany segment

E. company segment

Discussion 0

Correct Answer: A Vote an answer

Question #10

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

A. Balancing Entity

B. Ledger

C. Legal Entity

D. Business Group

E. Operating Unit

Discussion 0

Correct Answer: C Vote an answer

Download Free Oracle 1Z0-516 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1Z0-516 exam.