Oracle 1Z0-516 Certification Sample Questions and Answers

To make you familiar with the Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0516) certification exam, we have prepared this sample question set. We suggest you try our Sample Questions for Oracle 1Z0-516 Certification to test your understanding of the Oracle 1Z0-516 process in the real Oracle certification exam environment.

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

a) future segment b) department segment c) company segment d) account segment e) intercompany segment a) by providing conditional access criteria in the Restricted Access section of the home page setup b) by setting up a restricted profile and user group in Commerce and hiding the add, reconfigure, and delete product options c) by writing a Constraint rule at the Product Family level d) by hiding the model Punch-In on the home page by using JavaScript a) updating the period b) posting journal entries c) consolidating financials d) reversing journal entries e) translating foreign balances 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 a) balance type b) parent period c) mapping sets d) parent calendar e) elimination sets a) The Recommended Item rule is recommending an incorrect price for the part number b) The Recommended Item rule is recommending a part that does not exist c) The Recommended Item rule is recommending more than one part number d) The Recommended Item rule is not firing a) Modify tab, Advanced Default function, Formulas, After Formulas Advanced Modify function b) Modify tab, Before Formulas Advanced Modify function, After Formulas Advanced Modify function c) Modify tab, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function d) Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function e) Integration, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function

02. How should an administrator set up a conditional restriction for access to a Product Family?

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

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

05. Which item cannot be queried in the Find Consolidation Process window?

06. A red "x" appears instead of a part (item) in a configuration. What causes this?

07. In Commerce, what is the order of operations for the standard Modify sequence?

08. Identify two features of a Value Set that has a validation type of “None.” a) It has an approved list of values associated with it. b) The entered value must meet the formatting requirements. c) The Flexfield value security rules cannot be used for a segment that uses this Value Set. d) Users can enter any value that they want even if it does not meet formatting requirements. a) ledgers b) operating units c) data access sets d) definition access sets e) subledger accounting method a) A runtime error occurs within the rule, which is firing before the current rule b) The status of the rule is set to Inactive

(Choose two.)

09. Select two components that are required to create the accounting setup by using Accounting Setup Manager.

(Choose two.)

10. What are three valid reasons for a Configuration rule failing to execute?

(Choose three.)