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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Sep 15, 2026
  • Q & A: 180 Questions and Answers

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency

The following will be discussed here:

  • Use Foreign Currency Reports
  • Perform Revaluation of foreign currency balances
  • Translate functional balances into foreign currency
  • Use Currency Rate Manager
  • Multi-Currency
  • Perform Foreign currency journals Entry
  • Explain Multi-Currency concepts
  • Describe overview of Secondary Tracking Segment

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

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

The following will be discussed here:

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

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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:

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

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger- Consolidations
  • 1. Consolidation Processing
  • 2. Ledger Consolidation Concepts
- Accounting Setups
  • 1. Currency Configuration
  • 2. Chart of Accounts Structure
  • 3. Ledger Configuration
  • 4. Accounting Calendar Setup
- Advanced Security
  • 1. Ledger and Legal Entity Security
  • 2. Data Access Sets
- Journal Processing
  • 1. Journal Approval and Posting
  • 2. Recurring Journals
  • 3. Mass Allocations
  • 4. Journal Entry Creation
- Financial Budgeting
  • 1. Budget Definition and Maintenance
  • 2. Budget Control and Analysis
- Financial Reporting
  • 1. General Ledger Reporting
  • 2. Account Analysis and Inquiry
  • 3. Financial Statement Generator
Topic 2: E-Business Essentials- Shared Entities and Integration
  • 1. Integration Across Financial Modules
  • 2. Shared Data Model
- Fundamentals of Flexfields
  • 1. Key Flexfields
  • 2. Descriptive Flexfields
- Fundamentals of Multi-Org
  • 1. Business Group and Operating Unit Concepts
  • 2. Enhanced Multi-Org Access Control
- Introduction to Oracle Applications R12
  • 1. Oracle E-Business Suite Architecture and Navigation
  • 2. E-Business Suite Footprint and Components

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