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

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jul 22, 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:

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

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 Multi-Currency

The following will be discussed here:

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

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Oracle 1Z0-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close Process- Month-End Closing
  • 1. Adjusting entries
    • 2. Period close activities
      Topic 2: General Ledger Setup- Chart of Accounts
      • 1. Value sets and flexfields
        • 2. Segment structure design
          - Ledger Configuration
          • 1. Accounting calendar definition
            • 2. Ledger creation and structure setup
              Topic 3: Financial Reporting- Standard Reports
              • 1. Trial balance reports
                • 2. Financial statements
                  - Reporting Tools
                  • 1. Financial Statement Generator (FSG)
                    • 2. Ad hoc reporting
                      Topic 4: Account Management- Budgeting
                      • 1. Budgetary control
                        • 2. Budget creation and maintenance
                          - Account Reconciliation
                          • 1. Reconciliation processes
                            • 2. Clearing accounts
                              Topic 5: Journal Processing- Journal Approval and Posting
                              • 1. Posting processes
                                • 2. Approval workflows
                                  - Journal Entry Management
                                  • 1. Recurring journals
                                    • 2. Manual journal entries

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