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: Aug 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 Financial Reporting

The following will be discussed here:

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

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How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Introduction

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

This certification is for:

  • Business Users
  • Administrators
  • Implementers

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

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

The following will be discussed here:

  • Translate budget balances
  • Plan Budget implementation requirements
  • Apply Budget Rules
  • Use available Standard budget reports
  • Review balances in Master/Detail budgets
  • Define budget and budget organization
  • Perform budget review and correction
  • Financial Budgeting
  • Explain the components of budget accounting cycle
  • Create budgets with Budget Wizards
  • Transfer budget amounts
  • Explain Budget Entry methods
  • Explain the anatomy of a budget

Oracle 1Z0-516 Exam Syllabus Topics:

SectionWeightObjectives
Journal Processing20%- Handle journal reversals and approvals
- Manage recurring and mass allocation journals
- Create, review, and post journal entries
Budgeting, Reporting and Period Close20%- Set up and maintain budgets
- Use summary accounts and balances
- Execute period-end and year-end closing
- Generate financial reports
E-Business Essentials20%- Explain Multi-Org fundamentals
- Navigate R12 Oracle Applications
- Describe E-Business Suite architecture and shared entities
- Understand flexfields and Web ADI
Accounting Setup and Security25%- Create and manage chart of accounts
- Define ledgers and ledger sets
- Use Accounting Setup Manager
- Implement data access security
Multi-Currency and Consolidations15%- Perform consolidations and elimination sets
- Translate and revalue balances
- Define and use multiple currencies

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