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: Nov 10, 2026

Q & A: 180 Questions and Answers

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

  • Fundamentals of Workflow and Alerts
  • Define value sets and values
  • Define Web ADI setup options for key flexfields
  • Explain Workflow concepts
  • Describe how journal entries are positioned in the accounting cycle
  • Import journal entry information using the GL_INTERFACE table
  • Utilize Web ADI profile options, forms functions, menus, and responsibilities
  • Identify the steps to implement a Flexfield
  • Define Key Flexfields
  • Explain the footprint of R12 E-Business Suite
  • Describe the different Journal Posting options
  • Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
  • Basic Journal Entries
  • Describe the benefits of R12 E-Business Suite
  • Fundamentals of Flexfields
  • Plan the key elements of Web Applications Desktop Integrator (Web ADI)
  • Introduction to Oracle Applications R12
  • Describe R12 E-Business Suite architecture
  • Define Descriptive Flexfields
  • Describe the benefits of Workflow
  • Describe Flexfields and their components

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

The following will be discussed here:

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

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

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Oracle 1Z0-516 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Journal Processing20%- Manage recurring and mass allocation journals
- Handle journal reversals and approvals
- Create, review, and post journal entries
Topic 2: Multi-Currency and Consolidations15%- Define and use multiple currencies
- Perform consolidations and elimination sets
- Translate and revalue balances
Topic 3: E-Business Essentials20%- Understand flexfields and Web ADI
- Navigate R12 Oracle Applications
- Explain Multi-Org fundamentals
- Describe E-Business Suite architecture and shared entities
Topic 4: Accounting Setup and Security25%- Create and manage chart of accounts
- Use Accounting Setup Manager
- Define ledgers and ledger sets
- Implement data access security
Topic 5: Budgeting, Reporting and Period Close20%- Use summary accounts and balances
- Set up and maintain budgets
- Generate financial reports
- Execute period-end and year-end closing
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