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  • 1Z0-516: Oracle E-Business Suite R12.1 General Ledger Essentials

Oracle 1Z0-516 Exam Questions

Exam Name: Oracle E-Business Suite R12.1 General Ledger Essentials
Exam Code: 1Z0-516
Related Certification(s): Oracle E-Business Suite Certification
Certification Provider: Oracle
Actual Exam Duration: 150 Minutes
Number of 1Z0-516 practice questions in our database: 180 (updated: Dec. 08, 2024)
Expected 1Z0-516 Exam Topics, as suggested by Oracle :
  • Topic 1: Describe how Oracle General Ledger integrates with other Oracle eBusiness applications/ Create Favorites and set Preferences
  • Topic 2: Identify key implementation considerations for Multi-Org/ Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • Topic 3: Manage Data Access Security for Legal Entities and Ledgers/ Describe the important elements for creating a Chart of Accounts structure
  • Topic 4: Describe the elements required to create a ledger within Oracle General Ledger/ Navigate from Personal Home Page to Applications
  • Topic 5: Identify the steps to implement a Flexfield/ Run and monitor Reports and Programs
  • Topic 6: Explain Enhanced Multiple-Organization Reporting/ Explain the footprint of R12 E-Business Suite
  • Topic 7: Define Web ADI setup options for key flexfields/ Explain shared entities within R12 E-Business Suite
  • Topic 8: Describe the types of organizations supported in the Multi-Org model/ Explain the concepts of subledger accounting
  • Topic 9: Describe how journal entries are positioned in the accounting cycle/ Translate functional balances into foreign currency
  • Topic 10: Describe the different Journal Posting options/ Navigating in R12 Oracle Applications/ Describe R12 E-Business Suite architecture
Disscuss Oracle 1Z0-516 Topics, Questions or Ask Anything Related
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Catherin

5 days ago
Oracle certified! Pass4Success's relevant questions made all the difference in my short study time.
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Ilda

13 days ago
Advanced Journal Entries were covered extensively in the Oracle E-Business Suite R12.1 exam. I remember a question about the process of reversing journal entries that left me puzzled. Despite this, the practice questions from Pass4Success were a great help in passing the exam.
upvoted 0 times
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Cassie

14 days ago
Passed the exam thanks to thorough preparation! AutoPost criteria and journal approval limits were important topics. Study the setup of AutoPost and understand how to configure approval workflows for journals. Pass4Success materials were spot-on for these areas!
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Noah

28 days ago
The Fundamentals of Flexfields section had a question about the types of flexfields and their uses. I was unsure about the correct answer, but the practice questions from Pass4Success helped me prepare well enough to pass the exam.
upvoted 0 times
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Quiana

1 months ago
Cross-validation rules were tested. Be prepared to explain how to set up and use these rules to enforce data integrity.
upvoted 0 times
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Vannessa

1 months ago
Nailed the Oracle EBS GL exam! Pass4Success materials were a lifesaver for last-minute prep.
upvoted 0 times
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Aide

1 months ago
Financial Budgeting was a significant part of the Oracle E-Business Suite R12.1 exam. One question asked about the steps involved in creating a budget organization, which I found confusing. Nevertheless, the practice questions from Pass4Success ensured I passed the exam.
upvoted 0 times
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Veronika

2 months ago
Final tip: Review concurrent programs related to GL. The exam asked about common GL processes and their parameters. Pass4Success really helped me nail these questions!
upvoted 0 times
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Annice

2 months ago
I found the Multi-Currency topic in the Oracle E-Business Suite R12.1 exam to be particularly tricky. There was a question about configuring exchange rate types that I wasn't completely confident about. However, the practice questions from Pass4Success were instrumental in my success.
upvoted 0 times
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Callie

2 months ago
Whew! Oracle certification in the bag. Pass4Success really helped me prepare quickly.
upvoted 0 times
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Thaddeus

2 months ago
Encumbrance accounting was covered in detail. Study how to set up and use encumbrance accounting in GL. The exam included questions on different types of encumbrances and their impact on budgeting.
upvoted 0 times
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Macy

2 months ago
The Advanced Security section of the Oracle E-Business Suite R12.1 exam was quite challenging. I remember a specific question about setting up user roles and responsibilities that had me second-guessing. Despite my uncertainty, the practice questions from Pass4Success helped me pass.
upvoted 0 times
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Becky

3 months ago
The exam experience was challenging but fair. Pass4Success really helped me prepare effectively. Their materials covered all the key topics, making it possible to pass the exam with confidence. Highly recommended!
upvoted 0 times
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Danilo

3 months ago
Navigating through the Oracle E-Business Suite R12.1 exam was a breeze, thanks to the practice questions from Pass4Success. One question that caught me off guard was about the different ways to access various forms and functions within the application. I wasn't entirely sure about the correct sequence of navigation paths, but I managed to pass the exam.
upvoted 0 times
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Amina

3 months ago
Just passed the Oracle EBS R12.1 GL Essentials exam! Thanks Pass4Success for the spot-on practice questions.
upvoted 0 times
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Blondell

4 months ago
With the help of Pass4Success practice questions, I successfully passed the Oracle E-Business Suite R12.1 General Ledger Essentials exam. The exam covered topics such as creating Favorites and setting Preferences in Oracle General Ledger. One question that I remember was related to how Oracle General Ledger integrates with other Oracle eBusiness applications. Although I had some doubts about my answer, I was able to pass the exam.
upvoted 0 times
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Carlota

5 months ago
My exam experience was successful as I passed the Oracle E-Business Suite R12.1 General Ledger Essentials exam. Thanks to Pass4Success practice questions, I was able to confidently answer questions on key Business Flows and products involved in E-Business Suite (EBS). One question that I found challenging was about identifying the key implementation considerations for Multi-Org. Despite my uncertainty, I still managed to pass the exam.
upvoted 0 times
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Aliza

5 months ago
Just passed the Oracle E-Business Suite R12.1 General Ledger Essentials exam! Watch out for questions on configuring accounting setups. You might encounter scenarios where you need to choose the appropriate chart of accounts structure. Focus on understanding the relationships between ledgers, legal entities, and business units. Thanks to Pass4Success for their spot-on practice questions that helped me prepare efficiently!
upvoted 0 times
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Chantay

6 months ago
I passed the Oracle E-Business Suite R12.1 General Ledger Essentials exam with the help of Pass4Success practice questions. The exam covered topics such as how Oracle General Ledger integrates with other Oracle eBusiness applications and key implementation considerations for Multi-Org. One question that stood out to me was related to setting Preferences in Oracle General Ledger. I wasn't completely sure of the answer, but I managed to pass the exam.
upvoted 0 times
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Free Oracle 1Z0-516 Exam Actual Questions

Note: Premium Questions for 1Z0-516 were last updated On Dec. 08, 2024 (see below)

Question #1

A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

Reveal Solution Hide Solution
Correct Answer: D

Question #2

Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board or directors of the company.

ABC Company engages in many exports and import activities and follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott requests George, the head accountant of the company, to revalue all foreign currency transactions done during the year.

Select two prerequisites that George must comply with to ensure that the revaluation is done as desired. (Choose two.)

Reveal Solution Hide Solution
Correct Answer: B, E

Question #3

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

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Correct Answer: B

Question #4

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.

Reveal Solution Hide Solution
Correct Answer: D

Question #5

A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.

The user can limit the list of values available to the three Operating Units by _______.

Reveal Solution Hide Solution
Correct Answer: A

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