Free Oracle 1Z0-516 Practice Test & Real Exam Questions

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: Sep 20, 2026

Question #19

Identify the three actions that you can perform using the consolidation workbench. (Choose three.)

A. Change the chart of accounts.

B. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.

C. Create consolidations sets, which launch multiple consolidations in a single step.

D. Access the state controller.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #20

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.

A. 6, 2, 3, 1, 5, 4

B. 6, 5, 2, 1, 3, 4

C. 6, 5, 2, 1, 4, 3

D. 6, 5, 1, 3, 2, 4

E. 3, 2, 1, 6, 4, 5

Discussion 0

Correct Answer: B Vote an answer

Question #21

Which two scenarios can be automated with File Transfer Protocol (FTP)? (Choose two.)

A. An administrator needs to update Configuration Attribute Value Pricing on a Model and deploy the changes

B. Every night, an administrator queries the inventory database and updates a CPQ Cloud data table with the new inventory levels

C. Every month, an administrator needs to apply changes requested by the marketing department on descriptions for parts in CPQ Cloud

D. An administrator needs to bulk update attachments on a multiple Commerce Transactions

Discussion 0

Correct Answer: B,C Vote an answer

Question #22

Using standard functionality, how do you prevent a user from manually adding or removing rows in an array set?

A. by hiding the control attribute

B. by using CSS to hide icons

C. by selecting the "Disable user override" property on the configurable array set editor page

D. by hiding the control attribute and marking it as a forced set

Discussion 0

Correct Answer: A Vote an answer

Question #23

In the Multi-Org model, which organization type is the highest level that impacts accounting?

A. Inventory Organization

B. GRE/Legal Entity

C. Business Group

D. Ledger

E. Operating Unit

Discussion 0

Correct Answer: D Vote an answer

Question #24

You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France.
The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals.
What would be the minimum number of setups needed to meet this need?

A. two

B. three

C. four

D. one

Discussion 0

Correct Answer: B Vote an answer

Question #25

Which is the correct procedure for adding multiple files to File Manager in a single step?

A. Click File Manager on the Admin home page, select the folder where you want to store the new files, click the Browse button next to "Browse for ZIP File:", and click the Add/Update File button.

B. Click File Manager on the Admin home page, select the folder where you want to store the new files, click the Browse button next to "Browse for ZIP File:", identify the zip file to upload, and click the Add File button.

C. Click File Manager on the Admin home page, select the folder where you want to store the new files, click the Browse button next to "Browse for ZIP File:", identify the zip file to upload, and click the Add/Update Files button.

D. Click File Manager on the Admin home page, click the Browse button next to "Browse for ZIP File", identify the zip file to upload, and click the Add/Update Files button.

E. Click File Manager on the Admin home page, select the folder where you want to store the new files, click the Browse button next to "Browse for ZIP File:", identify the zip file to upload, and click the Add File button.

Discussion 0

Correct Answer: C Vote an answer

Question #26

XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently XYZ Corp. needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.

A. It is not possible to add additional Operating Units.

B. Create the Operating Unit, run the Replicate Seed Data concurrent request, assign the Operating Unit to a security hierarchy, run Security List maintenance concurrent program, create new responsibilities as necessary, and set up the MO: Security Profile profile option.

C. Set the MO: Operating Unit profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.

D. Set the MO: Security Profile profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.

E. Create the Operating Unit, run the Replicate Seed Data concurrent request, create new responsibilities as necessary, and set up the MO: Default Operating Unit profile option.

Discussion 0

Correct Answer: B Vote an answer

Question #27

A. XYZ Company has a positive impact by this rate change.

B. ABC Company is not impacted at all by this rate change.

C. XYZ Company is not impacted at all by this rate change.

D. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5.
Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion.
Select two correct conclusions arrived upon by Jack. (Choose two.)

E. ABC Company has a positive impact by this rate change.

Discussion 0

Correct Answer: C,D,E Vote an answer

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