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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 11, 2026
  • Q&As: 180 Questions and Answers

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About Oracle 1Z1-516 Real Exam

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

The following will be discussed here:

  • Perform Subledger Reconciliation
  • Explain the Period Closing Process and Reports
  • Perform key steps in the close process
  • Explain AutoScheduling
  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Determine how Summary Templates are used
  • Perform journal import of subledger balances
  • Describe the Journal Scheduling process
  • Use Budgetary Control & maintain Summary accounts
  • Consolidate account balances
  • Period Close
  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Plan and maintain Summary Account structures
  • Explain summary accounts and how they are used in General Ledger
  • Summary Accounts
  • Explain the accounting cycle

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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:

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

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

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