01. How should an administrator set up a conditional restriction for access to a Product Family?
a) by providing conditional access criteria in the Restricted Access section of the home page setup
b) by setting up a restricted profile and user group in Commerce and hiding the add, reconfigure, and delete product options
c) by writing a Constraint rule at the Product Family level
d) by hiding the model Punch-In on the home page by using JavaScript
02. 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
03. A red "x" appears instead of a part (item) in a configuration. What causes this?
a) The Recommended Item rule is recommending an incorrect price for the part number
b) The Recommended Item rule is recommending a part that does not exist
c) The Recommended Item rule is recommending more than one part number
d) The Recommended Item rule is not firing
04. 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.
05. What are three valid reasons for a Configuration rule failing to execute?
(Choose three.)
a) A runtime error occurs within the rule, which is firing before the current rule
b) The status of the rule is set to Inactive
c) The rule’s Condition attributes are hidden in Configuration Layout
d) The attributes used in the rule are not added in Configuration Layout
06. Select two components that are required to create the accounting setup by using Accounting Setup Manager.
(Choose two.)
a) ledgers
b) operating units
c) data access sets
d) definition access sets
e) subledger accounting method
07. In Commerce, what is the order of operations for the standard Modify sequence?
a) Modify tab, Advanced Default function, Formulas, After Formulas Advanced Modify function
b) Modify tab, Before Formulas Advanced Modify function, After Formulas Advanced Modify function
c) Modify tab, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
d) Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
e) Integration, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
08. Which item cannot be queried in the Find Consolidation Process window?
a) balance type
b) parent period
c) mapping sets
d) parent calendar
e) elimination sets
09. All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
a) updating the period
b) posting journal entries
c) consolidating financials
d) reversing journal entries
e) translating foreign balances
10. The management segment qualifier must be attached to which key flexfield segment?
a) future segment
b) department segment
c) company segment
d) account segment
e) intercompany segment
The Oracle E-Business Suite General Ledger Essentials (1Z0-516) Sample Question Set is designed to help you prepare for the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle General Ledger (OCS) certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-516 Certification Practice Exam.