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Oracle EBS R12.1 General Ledger Essentials : 1Z0-516 Exam

1Z0-516 Exam Questions
  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 16, 2026
  • Q & A: 180 Questions and Answers
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Oracle 1Z0-516 exam demo

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

The following will be discussed here:

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

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What is Implementation Essentials 1z0-516 Certification Exam and Retake policy

Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

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 Reporting

The following will be discussed here:

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

Oracle 1Z0-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Approval and Posting
  • 1. Posting processes
    • 2. Approval workflows
      - Journal Entry Management
      • 1. Manual journal entries
        • 2. Recurring journals
          Topic 2: Financial Reporting- Reporting Tools
          • 1. Financial Statement Generator (FSG)
            • 2. Ad hoc reporting
              - Standard Reports
              • 1. Trial balance reports
                • 2. Financial statements
                  Topic 3: Period Close Process- Month-End Closing
                  • 1. Adjusting entries
                    • 2. Period close activities
                      Topic 4: Account Management- Account Reconciliation
                      • 1. Clearing accounts
                        • 2. Reconciliation processes
                          - Budgeting
                          • 1. Budget creation and maintenance
                            • 2. Budgetary control
                              Topic 5: 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

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