Free Oracle 1Z0-516 Exam Questions

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

Page: 1 / 37

Total 185 Questions | Updated On: Aug 02, 2026

Add To Cart

Question 1

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 2

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

Answer: D

Question 3

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 4

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 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: Aug 02, 2026

Add To Cart