Name: Oracle E-Business Suite R12.1 General Ledger Essentials
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SKU: 1Z0-516
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Free Oracle 1Z0-516 Exam Actual Questions

The questions for 1Z0-516 were last updated On Dec 18, 2025

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Question No. 1

John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger.

John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

AMerge the primary ledger and the secondary ledger, and run reports.

BTransfer adjustment data from the secondary ledger to the primary ledger while running reports.

CTransfer transactional data from the primary ledger to the secondary ledger while running reports.

DUse ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.

Show Answer

Correct Answer: D

Question No. 2

What is the effect of summary accounts on the efficiency of the posting process?

AUse summary accounts in the posting process to accumulate values.

BUse summary accounts in the posting process to not accumulate values.

CUse of summary accounts increases the efficiency of the posting process.

DUse of summary accounts decreases the efficiency of the posting process.

Show Answer

Correct Answer: D

Question No. 3

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

ALedger

BOperating Unit

CBusiness Group

DGRE/Legal Entity

EInventory Organization

Show Answer

Correct Answer: A

Question No. 4

How do you modify a specific user's access (grant access or remove access) to Product Families, Supported Product Families, and Data Table folders?

AFor each Product Family or Data table folder affected, click the Modify tab for that item and then select or deselect the check boxes related to the users you want to grant access to or remove access from for this Product Family or Data Table folder.

BClick the Group name on the Group Administration List page that has this user as a member, click the Access Permissions tab, select or deselect the check boxes related to the items you want to grant access to or remove access from for this user.

CUse the Navigation Menus item on the Administration home page to grant or remove access to specific Product Families or Data Table folders for the user.

DGo to the Product Family definition or the Data Table folder properties for which you want to grant or remove access, click the Access Permissions tab, select or deselect the check boxes related to the users you want to grant access to or remove access from for this Product Family or Data Table folder.

EClick the user's name on the User Administration List page to edit the user, click the Access Permissions tab, select or deselect the check boxes related to the items you want to grant access to or remove access from for this user.

Show Answer

Correct Answer: B

Question No. 5

Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup.

Which two are true for the creation of the accounting setup? (Choose two.)

AAssigning legal entities to accounting setups is compulsory.

BAfter the subledger accounting method is assigned, it cannot be changed.

CBefore completing the accounting setup, secondary ledgers and currency can be deleted.

DA calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.

Show Answer

Correct Answer: C, D