Free Practice Oracle 1Z0-516 Exam Questions 2025

Stay ahead with 100% Free Oracle E-Business Suite R12.1 General Ledger Essentials 1Z0-516 Dumps Practice Questions

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Total 185 Questions | Updated On: Mar 25, 2025

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Question 1

Which three statements are true about the revaluation process? (Choose three.)

A : You must post the revaluation journal entries

B : The revaluation process must be executed after the translation process has completed.

C : This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.

D : Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate

Answer: A,C,D

Question 2

When using Web Services 1.0, consider the following sequence of a client system calling CPQ Cloud

WebServices.

1. Call Security Login WebServices with User ID and Password.

2. Create a Commerce updateTransaction WebServices call by using an existing transaction ID.

3. Make the following updates in the web service XML:

Set Session ID

Set “_shipTo_first_name” to “myName”

4. Submit the WebService call.

5. Call Security Logout WebServices with the Session ID to close the session.

Based on the given sequence, which two statements are true? (Choose two.)

A : The call in step 4 will throw an error

B : The Commerce transaction should be updated with the new Ship To name

C : The session will still be open

D : Step 3 does not specify an action to execute; therefore, nothing is updated in the transaction

E : Step 5 is unnecessary. Session ID is not needed to log out

Answer: A,C

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

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

Question 5

Identify two features of a Value Set that has a validation type of “None.” (Choose two.)

A : It has an approved list of values associated with it.

B : The entered value must meet the formatting requirements

C : The Flexfield value security rules cannot be used for a segment that uses this Value Set.

D : Users can enter any value that they want even if it does not meet formatting requirements

Answer: B,C

Page: 1 / 37

Total 185 Questions | Updated On: Mar 25, 2025

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