• Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Other Oracle Certification
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Instant Download Oracle : 1Z0-516 Questions & Answers as PDF & Test Engine

1Z0-516
  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 10, 2026
  • No. of Questions: 180 Questions and Answers
  • Download Limit: Unlimited

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

The following will be discussed here:

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

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How much Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 costs

  • No. of Questions: 80 Questions
  • Length of Exam: 150 min
  • Types of questions: Performance Based Questions
  • Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
  • Examination Fees: $250 USD
  • Passing Score: 60% or higher

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

The following will be discussed here:

  • Create Recurring Journals
  • Describe AutoAllocations and related implementation considerations
  • Describe Accounting Setup considerations with one legal entity
  • Describe Accounting Setup considerations with multiple legal entities
  • Accounting Setup Manager
  • Describe Secondary Ledgers & Reporting Currencies
  • Formulate Mass Allocation Journals
  • Describe Accounting Setup considerations with no legal entities
  • Describe the components of Ledger Processing options
  • Advanced Journal Entries

Oracle 1Z0-516 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Define Web ADI setup options for key flexfields
  • Explain shared entities within R12 E-Business Suite
Topic 2
  • Describe the different Journal Posting options
  • Navigating in R12 Oracle Applications
  • Describe R12 E-Business Suite architecture
Topic 3
  • Describe the types of organizations supported in the Multi-Org model
  • Explain the concepts of subledger accounting
Topic 4
  • Identify key implementation considerations for Multi-Org
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
Topic 5
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Create Favorites and set Preferences

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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