Get a glimpse of the real 1Z0-516 certification exam challenges with our free Oracle 1Z0-516 practice test questions.
Question 1
In the course of Implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program.
What two requirements are necessary to run this program? (Choose two.)
Question 2
ABC Corporation is headquartered in New Dehli with an office in Mumbai. They share the same chart of accounts, calendar, and currency.
The Mumbai ledger contains manual adjustments and automated adjustments. Thew New Dehli office does not need a complete ledger to perform management or statutory reporting.
Which four statements are true in the given scenario? (Choose four.)
Question 3
Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup.
Which two are true for the creation of the accounting setup? (Choose two.)
Question 4
A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments:
company (5 values)
cost centers (30 values)
region (4 values)
account (180 values)
The total number of cash accounts is five that are associated with two parents:
Three accounts are associated with the parent called ''Checking.''
Two accounts are identified with the parent called ''Savings''.
To combine the cash parents, you create a rollup group named ''Cash.''
Which summary account template would you create to review the cash balances by company?
(D: Detail)
(T: Total)
Question 5
Jack is hired as an Oracle General Ledger Implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)
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