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Oracle Other Oracle Certification 1Z0-516

1Z0-516

Exam Code: 1Z0-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Aug 15, 2026

Q & A: 180 Questions and Answers

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org

The following will be discussed here:

  • Define Multiple Organization (Multi-Org)
  • Explain the entities of Multi-Org
  • Describe the types of organizations supported in the Multi-Org model
  • Explain Multi-Org preferences
  • Identify key implementation considerations for Multi-Org
  • Explain how Multi-Org secures data
  • Explain the concepts of subledger accounting
  • Explain Enhanced Multiple-Organization Reporting
  • Define Multi-Org Access Control
  • Fundamentals of Multi-Org

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How to book the Oracle Planning 2020 Implementation Essentials 1z0-516

You can schedule the exam anytime at Pearson VUE. You can pay directly from a credit card or redeem a voucher purchased from Oracle.

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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Oracle Other Oracle Certification 1Z0-516 Oracle EBS R12.1 General Ledger Essentials Exams

Our Exam 1Z0-516 Preparation Material provides you everything you will need to take your 1Z0-516 Exam. The 1Z0-516 Exam details are researched and produced by Professional Certification Experts who are constantly using industry experience to produce precise, and logical. You may get questions from different web sites or books, but logic is the key. Our Product will help you pass test in your first try, and also save your valuable time.

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

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

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

The following will be discussed here:

  • Identify the key implementation issues regarding consolidations
  • Consolidations
  • Use Standard reports and inquiry options available for consolidations Ledger
  • Perform the Secondary Ledger Setup steps
  • Create Accounting Setups
  • Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
  • Perform the Primary Ledger Setup steps
  • Create eliminating entries
  • Use the elements of the Consolidation Workbench
  • Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Describe Ledger Balancing Segment Value Assignments
  • Complete Accounting Setup
  • Describe the various Subledger Accounting Options
  • Describe the basic components of Accounting Setup
  • Accounting Setups
  • Use the features and functionality of Global Consolidation System (GCS)
  • Creating a new Accounting Flexfield structure
  • Describe the important elements for creating a Chart of Accounts structure

Oracle 1Z0-516 Exam Syllabus Topics:

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

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