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

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 09, 2026     Q & A: 180 Questions and Answers

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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:

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

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting

The following will be discussed here:

  • Review balances in Master/Detail budgets
  • Use available Standard budget reports
  • Define budget and budget organization
  • Explain the components of budget accounting cycle
  • Transfer budget amounts
  • Financial Budgeting
  • Explain Budget Entry methods
  • Apply Budget Rules
  • Create budgets with Budget Wizards
  • Perform budget review and correction
  • Translate budget balances
  • Explain the anatomy of a budget
  • Plan Budget implementation requirements

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Oracle 1Z0-516 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Describe the types of organizations supported in the Multi-Org model
  • Explain the concepts of subledger accounting
Topic 2
  • Describe how journal entries are positioned in the accounting cycle
  • Translate functional balances into foreign currency
Topic 3
  • Describe the different Journal Posting options
  • Navigating in R12 Oracle Applications
  • Describe R12 E-Business Suite architecture
Topic 4
  • Manage Data Access Security for Legal Entities and Ledgers
  • Describe the important elements for creating a Chart of Accounts structure
Topic 5
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Create Favorites and set Preferences
Topic 6
  • Define Web ADI setup options for key flexfields
  • Explain shared entities within R12 E-Business Suite
Topic 7
  • Identify the steps to implement a Flexfield
  • Run and monitor Reports and Programs
Topic 8
  • Identify key implementation considerations for Multi-Org
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
Topic 9
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Navigate from Personal Home Page to Applications

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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