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

Oracle 1Z0-516 exam
  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jul 27, 2026
  • Q & A: 180 Questions and Answers
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1z0-516 Official Certification Site

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

The following will be discussed here:

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

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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

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Oracle 1Z0-516 Exam Syllabus Topics:

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

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