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1Z0-516 Exam Questions & Answers

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

180 Questions 150 min Updated Sep 2026 99% Pass Rate
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Sample 1Z0-516 Questions

Practice with real exam-style questions, each with the verified correct answer and explanation.

Q1 MultipleChoice

ABC Inc. wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year-end is March 31.

The normal month-end is on a Friday, but the last day of each quarter is always on the last day of the quarter's final calendar month.

Select the remaining setup for the calendar to meet the requirement.

Correct Answer: D
Q2 MultipleChoice

Identify three types of data written to different log files that you can find in the Error Logs menu. (Choose three.)

Correct Answer: B, D, F
Q3 MultipleChoice

Which three statements are true about modifying flexfield values? (Choose three.)

Correct Answer: B, C, E
Q4 MultipleChoice

How should an administrator set up a conditional restriction for access to a Product Family?

Correct Answer: A
Q5 MultipleChoice

XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently XYZ Corp. needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.

Correct Answer: E

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Frequently Asked Questions

The 1Z0-516 is Oracle's certification exam for Oracle E-Business Suite R12.1 General Ledger Essentials. It is designed for professionals who implement, configure, and support the General Ledger module within Oracle E-Business Suite R12.1 environments.

The exam covers key General Ledger concepts including chart of accounts setup, ledger configurations, accounting rules, journal entry processing, reporting, and financial close procedures. It also includes topics on multi-currency accounting, intercompany transactions, and consolidation features.

The exam typically contains 60 multiple-choice questions that must be completed within 120 minutes. You generally need to score around 60-65% or higher to pass, though Oracle does not publicly disclose the exact passing percentage.

Oracle recommends having hands-on experience with Oracle E-Business Suite R12.1, specifically with General Ledger module implementation and configuration. While there are no formal prerequisites, prior accounting knowledge and EBS experience are highly beneficial for exam success.

Oracle offers official training courses, study guides, and documentation for E-Business Suite R12.1. Additionally, there are third-party study materials, practice tests, and online courses available from various training providers that focus on General Ledger functionality and exam preparation.
Exam Details
  • Exam Code1Z0-516
  • VendorOracle
  • Total Questions180
  • Duration150 min
  • LanguageEnglish
  • VersionR 12.1
  • Last UpdatedSep 3, 2026
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