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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 09, 2026     Q & A: 180 Questions and Answers

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

The following will be discussed here:

  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Perform Subledger Reconciliation
  • Determine how Summary Templates are used
  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Plan and maintain Summary Account structures
  • Describe the Journal Scheduling process
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Summary Accounts
  • Perform journal import of subledger balances
  • Use Budgetary Control & maintain Summary accounts
  • Explain summary accounts and how they are used in General Ledger
  • Period Close
  • Explain the Period Closing Process and Reports
  • Explain AutoScheduling
  • Explain the accounting cycle
  • Consolidate account balances
  • Perform key steps in the close 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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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 E-Business Essentials

The following will be discussed here:

  • Enter data using Forms
  • Shared Entities and Integration
  • Search for data using Forms
  • Log out of Oracle Applications
  • Use Forms and Menus
  • Navigate from Personal Home Page to Applications
  • Create Favorites and set Preferences
  • Access online Help
  • Describe key integration points and business flows between products in E-Business Suite (EBS)
  • Choose a responsibility
  • Navigating in R12 Oracle Applications
  • Explain shared entities within R12 E-Business Suite
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • Log in to Oracle Applications
  • Run and monitor Reports and Programs
  • E-business Essentials

Oracle 1Z1-516 Exam Syllabus Topics:

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

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