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: Jul 21, 2026

Q & A: 180 Questions and Answers

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Advanced Security
  • Manage Data Access Sets
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Manage Data Access Security for Legal Entities and Ledgers
  • Explain key Advanced Security setups and process
  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Control security of Management Reporting
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
  • Oracle General Ledger Process

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 1Z0-516 Exam Syllabus Topics:

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

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