Free Oracle 1Z1-516 Exam Dumps Questions & Answers


Exam Code/Number:	1Z1-516Join the discussion
Exam Name:	Oracle EBS R12.1 General Ledger Essentials
Certification:	Oracle
Free Question Number:	180
Publish Date:	Aug 18, 2026
# of views:	2841
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Page: 1 / 36
Total 180 questions

Question 1

ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing.
ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll.
An accrual journal entered on 29-Apr-05 will be reversed on the __________.

A.first day of the next period
B.next day in the same period
C.next business day in the same period or the next period, based on the transaction calendar
D.next business day in the same period

Question 2

Based on default values, which statement is false about automatic FTP (File Transfer Protocol) processing in CPQ Cloud?

A.FTP uploads are processed every 90 minutes
B.You must upload file to the automated folder on the FTP server
C.You can use the Bulk Data service to extract the file format and upload it via FTP automation
D.You must list files in the order in which they should be processed in the upload_list.xml file

Question 3

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

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

Question 4

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

A.Access the state controller.
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.Change the chart of accounts.

Question 5

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formul a. What would be your response?

A.You can customize the workflow and then do this.
B.You can do this only if there is a summary account associated with the parent.
C.Whether you can do this depends on the responsibility.
D.You can do this only if Allow Dynamic Insert is enabled.
E.Whether you can do this depends on the formula.