Oracle 1Z0-516 : Oracle EBS R12.1 General Ledger Essentials

1Z0-516 pass collection

Exam Code: 1Z0-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Aug 31, 2026

Q & A: 180 Questions and Answers

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About Oracle 1Z0-516 Exam

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 E-Business Essentials

The following will be discussed here:

  • Log out of Oracle Applications
  • Shared Entities and Integration
  • Describe key integration points and business flows between products in E-Business Suite (EBS)
  • Navigating in R12 Oracle Applications
  • Log in to Oracle Applications
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • Search for data using Forms
  • Enter data using Forms
  • Access online Help
  • Navigate from Personal Home Page to Applications
  • E-business Essentials
  • Run and monitor Reports and Programs
  • Explain shared entities within R12 E-Business Suite
  • Choose a responsibility
  • Create Favorites and set Preferences
  • Use Forms and Menus

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager

The following will be discussed here:

  • Create Recurring Journals
  • Describe Secondary Ledgers & Reporting Currencies
  • Advanced Journal Entries
  • Describe Accounting Setup considerations with one legal entity
  • Describe AutoAllocations and related implementation considerations
  • Describe Accounting Setup considerations with no legal entities
  • Accounting Setup Manager
  • Describe Accounting Setup considerations with multiple legal entities
  • Formulate Mass Allocation Journals
  • Describe the components of Ledger Processing options

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Oracle 1Z0-516 Exam Syllabus Topics:

SectionObjectives
Period Close Process- Month-End Closing
  • 1. Adjusting entries
    • 2. Period close activities
      Financial Reporting- Reporting Tools
      • 1. Ad hoc reporting
        • 2. Financial Statement Generator (FSG)
          - Standard Reports
          • 1. Financial statements
            • 2. Trial balance reports
              General Ledger Setup- Chart of Accounts
              • 1. Segment structure design
                • 2. Value sets and flexfields
                  - Ledger Configuration
                  • 1. Accounting calendar definition
                    • 2. Ledger creation and structure setup
                      Account Management- Budgeting
                      • 1. Budgetary control
                        • 2. Budget creation and maintenance
                          - Account Reconciliation
                          • 1. Clearing accounts
                            • 2. Reconciliation processes
                              Journal Processing- Journal Approval and Posting
                              • 1. Posting processes
                                • 2. Approval workflows
                                  - Journal Entry Management
                                  • 1. Recurring journals
                                    • 2. Manual journal entries

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