Oracle 1Z1-516 : Oracle EBS R12.1 General Ledger Essentials

1Z1-516 real exams

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Jul 17, 2026

Q & A: 180 Questions and Answers

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About Oracle 1Z1-516 Exam

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How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Introduction

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

This certification is for:

  • Implementers
  • Administrators
  • Business Users

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

  • Manage Data Access Security for Legal Entities and Ledgers
  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Explain key Advanced Security setups and process
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Advanced Security
  • Manage Data Access Sets
  • Control security of Management Reporting
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Oracle General Ledger Process
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis

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How to book the Oracle Planning 2020 Implementation Essentials 1z0-516

You can schedule the exam anytime at Pearson VUE. You can pay directly from a credit card or redeem a voucher purchased from Oracle.

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

Oracle 1Z1-516 Exam Syllabus Topics:

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

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