Free Oracle 1Z0-516 Exam Questions

Become Oracle Certified with updated 1Z0-516 exam questions and correct answers

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Total 185 Questions | Updated On: Oct 27, 2026

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Question 1

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?

A : Natural accounts were defined as parent values

B : Natural accounts were defined to not allow posting.

C : Natural accounts were defined with an incorrect account type

D : Natural accounts were defined to store both statistical and monetary values.

Answer: C

Question 2

Which four attributes are validated during the Journal Import process? (Choose four.)

A : period

B : approval level

C : balanced journal

D : cross-validation rule

E : account combination

F : journal sequence number

Answer: A,C,D

Question 3

Identify three values that you can find in the Usage Metrics Report for the last month. (Choose three.)

A : The number of transactions for different Commerce processes created by internal users and partner organization users

B : The number of logins by internal users in the last 30 days and the percentage of active users logged in

C : The total data size of the CPQ site occupied on the server

D : A list of active partner organization users with the most recent login date and time and the number of logins

E : The total number of partner organizations and the number of active partner organizations

F : The number of configurations completed for different product families by internal users and partner organization users

Answer: A,B,C

Question 4

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

A : You must upload file to the automated folder on the FTP server

B : You must list files in the order in which they should be processed in the upload_list.xml file

C : FTP uploads are processed every 90 minutes

D : You can use the Bulk Data service to extract the file format and upload it via FTP automation

Answer: D

Question 5

What is the order of execution when a new transaction is created?

A : main doc integration, advanced main doc default BML, attribute defaults

B : advanced main doc default BML, attribute defaults, main doc integration

C : process integration, attribute defaults, advanced main doc default BML

D : attribute defaults, advanced main doc default BML, process integration

E : process integration, advanced main doc default BML, attribute defaults

F : process integration, attribute defaults, advanced main doc default BML, main doc integration

Answer: D

Page: 1 / 37

Total 185 Questions | Updated On: Oct 27, 2026

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