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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Sep 27, 2026
  • Q & A: 180 Questions and Answers

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

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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:

  • Administrators
  • Implementers
  • Business Users

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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:

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

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

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Account Management- Account Reconciliation
  • 1. Clearing accounts
    • 2. Reconciliation processes
      - Budgeting
      • 1. Budget creation and maintenance
        • 2. Budgetary control
          Journal Processing- Journal Entry Management
          • 1. Manual journal entries
            • 2. Recurring journals
              - Journal Approval and Posting
              • 1. Approval workflows
                • 2. Posting processes
                  Period Close Process- Month-End Closing
                  • 1. Period close activities
                    • 2. Adjusting entries
                      General Ledger Setup- Chart of Accounts
                      • 1. Segment structure design
                        • 2. Value sets and flexfields
                          - Ledger Configuration
                          • 1. Accounting calendar definition
                            • 2. Ledger creation and structure setup
                              Financial Reporting- Standard Reports
                              • 1. Trial balance reports
                                • 2. Financial statements
                                  - Reporting Tools
                                  • 1. Financial Statement Generator (FSG)
                                    • 2. Ad hoc reporting

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