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: Jul 30, 2025

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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

For a multi-language Document Designer template, which of the following two activities are possible for the nondefault language view?

A : Modify date and currency formats

B : Move text elements between elements and layouts

C : Add new image element in a section

D : Add or remove table element’s rows and columns

E : Change text content

Answer: A,C

Question 3

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

A : You can delete the budget and the budget organization after they have been defined

B : You cannot delete the budget or the budget organization after either has been defined

C : You cannot delete a budget after it has been defined. However, you can delete a budget organization.

D : You cannot delete a budget organization after it has been defined. However, you can delete a budget

Answer: C

Question 4

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

Question 5

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

A : Ledger

B : Legal Entity

C : Operating Unit

D : Balancing Entity

E : Business Group

Answer: B

Page: 1 / 37

Total 185 Questions | Updated On: Jul 30, 2025

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