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

1Z0-516 real exams

Exam Code: 1Z0-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Oct 03, 2026

Q & A: 180 Questions and Answers

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About Oracle 1Z0-516 Exam

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

The following will be discussed here:

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

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

The following will be discussed here:

  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports
  • Use Web ADI for Financial Reporting
  • Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
  • Financial Reporting
  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Create FSG Reports with XML Publisher
  • Use Standard listing reports available for FSG report definitions
  • Build basic reports

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Oracle 1Z0-516 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Identify key implementation considerations for Multi-Org
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
Topic 2
  • Describe the different Journal Posting options
  • Navigating in R12 Oracle Applications
  • Describe R12 E-Business Suite architecture
Topic 3
  • Define Web ADI setup options for key flexfields
  • Explain shared entities within R12 E-Business Suite
Topic 4
  • Describe the types of organizations supported in the Multi-Org model
  • Explain the concepts of subledger accounting
Topic 5
  • Describe how journal entries are positioned in the accounting cycle
  • Translate functional balances into foreign currency
Topic 6
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Navigate from Personal Home Page to Applications
Topic 7
  • Manage Data Access Security for Legal Entities and Ledgers
  • Describe the important elements for creating a Chart of Accounts 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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