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

1Z0-516 Exam Questions
  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 30, 2026
  • Q & A: 180 Questions and Answers
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About Oracle 1Z0-516 Exam Guide

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

The following will be discussed here:

  • Explain key Advanced Security setups and process
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Manage Data Access Sets
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • 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
  • Manage Data Access Security for Legal Entities and Ledgers
  • Oracle General Ledger Process
  • Advanced Security
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Control security of Management Reporting

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 Multi-Currency

The following will be discussed here:

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

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Oracle 1Z0-516 Exam Syllabus Topics:

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

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