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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 05, 2026     Q & A: 180 Questions and Answers

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About Oracle 1Z1-516 Exam

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

The following will be discussed here:

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

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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Administrators
  • Implementers
  • Business Users

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.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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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Oracle 1Z1-516 Exam Syllabus Topics:

SectionWeightObjectives
E-Business Essentials20%- Navigate R12 Oracle Applications
- Explain Multi-Org fundamentals
- Describe E-Business Suite architecture and shared entities
- Understand flexfields and Web ADI
Accounting Setup and Security25%- Define ledgers and ledger sets
- Use Accounting Setup Manager
- Implement data access security
- Create and manage chart of accounts
Multi-Currency and Consolidations15%- Perform consolidations and elimination sets
- Define and use multiple currencies
- Translate and revalue balances
Journal Processing20%- Handle journal reversals and approvals
- Manage recurring and mass allocation journals
- Create, review, and post journal entries
Budgeting, Reporting and Period Close20%- Use summary accounts and balances
- Generate financial reports
- Set up and maintain budgets
- Execute period-end and year-end closing

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