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

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Sep 25, 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:

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

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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Following are some reference material for actual Oracle 1Z0-516 exam test

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

The following will be discussed here:

  • Describe Accounting Setup considerations with one legal entity
  • Advanced Journal Entries
  • Describe Accounting Setup considerations with multiple legal entities
  • Create Recurring Journals
  • Describe Accounting Setup considerations with no legal entities
  • Describe AutoAllocations and related implementation considerations
  • Describe Secondary Ledgers & Reporting Currencies
  • Formulate Mass Allocation Journals
  • Accounting Setup Manager
  • Describe the components of Ledger Processing options

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Oracle 1Z0-516 Exam Syllabus Topics:

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

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