Free Oracle 1Z0-516 Practice Test Questions

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Exam Code: 1Z0-516
Exam Questions: 185
Oracle E-Business Suite R12.1 General Ledger Essentials
Updated: 10 Oct, 2025
Viewing Page : 1 - 19
Practicing : 1 - 5 of 185 Questions
Question 1

Your customer has sales organizations in two countries.
The customer wants to make sure that users from one country have access only to quotes from that country.
How do you achieve this?

Options :
Answer: A

Question 2

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

Options :
Answer: B

Question 3

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.

Options :
Answer: A

Question 4

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

Options :
Answer: C

Question 5

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

Options :
Answer: D

Viewing Page : 1 - 19
Practicing : 1 - 5 of 185 Questions
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