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
How do you modify a specific user's access (grant access or remove access) to Product Families, Supported Product Families, and Data Table folders?
Correct Answer: C Vote an answer
Select the correct sequence of tasks required for period closing in Oracle General Ledger.
Verify that all journals are posted.
Close the period of each subledger.
Run the Trial Balance report and other month-end reports.
Close the period and open the next period.
Perform reconciliation of subsidiary ledgers.
Transfer and import data from all subledgers.
Correct Answer: D Vote an answer
Given the following code:

Which function, when filled in the blank, will return a value of 1?
Correct Answer: D Vote an answer
Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)
Correct Answer: C,E Vote an answer
ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific.
Choose the number of primary ledgers that are required to be defined.
Correct Answer: C Vote an answer
Select two statements that are true about Test Script found in a function debugger. (Choose two.)
Correct Answer: A,D Vote an answer
XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is "product." Select the element that would meet this need.
Correct Answer: A Vote an answer
Which three BOM Mapping Tables are required to map Configuration attributes to BOM items and Commerce Transaction Line attributes using a simple Table-Based BOM Mapping Configuration rule? (Choose three.)
Correct Answer: B,D,E Vote an answer
A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.
The user can limit the list of values available to the three Operating Units by _______.
Correct Answer: E Vote an answer
Using standard functionality, how do you prevent a user from manually adding or removing rows in an array set?
Correct Answer: A Vote an answer
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