1Z1-516 Quiz Braindumps - 1Z1-516 Test Guide & 1Z1-516 Test Bootcamp

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

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Aug 31, 2026

Q & A: 180 Questions and Answers

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About Oracle 1Z1-516 Exam Test Braindump

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

The following will be discussed here:

  • Use the features and functionality of Global Consolidation System (GCS)
  • Perform the Primary Ledger Setup steps
  • Describe Ledger Balancing Segment Value Assignments
  • Describe the various Subledger Accounting Options
  • Describe the important elements for creating a Chart of Accounts structure
  • Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
  • Consolidations
  • Create Accounting Setups
  • Create eliminating entries
  • Perform the Secondary Ledger Setup steps
  • Identify the key implementation issues regarding consolidations
  • Use Standard reports and inquiry options available for consolidations Ledger
  • Accounting Setups
  • Describe the basic components of Accounting Setup
  • Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Use the elements of the Consolidation Workbench
  • Complete Accounting Setup
  • Creating a new Accounting Flexfield structure

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 Accounting Setup Manager

The following will be discussed here:

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

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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
  • Business Users
  • Administrators

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: E-Business Essentials20%- Describe E-Business Suite architecture and shared entities
- Understand flexfields and Web ADI
- Navigate R12 Oracle Applications
- Explain Multi-Org fundamentals
Topic 2: Multi-Currency and Consolidations15%- Define and use multiple currencies
- Perform consolidations and elimination sets
- Translate and revalue balances
Topic 3: Journal Processing20%- Create, review, and post journal entries
- Manage recurring and mass allocation journals
- Handle journal reversals and approvals
Topic 4: Accounting Setup and Security25%- Define ledgers and ledger sets
- Implement data access security
- Create and manage chart of accounts
- Use Accounting Setup Manager
Topic 5: Budgeting, Reporting and Period Close20%- Use summary accounts and balances
- Execute period-end and year-end closing
- Generate financial reports
- Set up and maintain budgets

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