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  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jul 26, 2026
  • Q & A: 180 Questions and Answers
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  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
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  • Exam Code: 1Z1-516
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

  • Control security of Management Reporting
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Manage Data Access Security for Legal Entities and Ledgers
  • Manage Data Access Sets
  • Explain key Advanced Security setups and process
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
  • Advanced Security
  • Oracle General Ledger Process
  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite

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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 Accounting Setup Manager

The following will be discussed here:

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

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: E-Business Essentials- Shared Entities and Integration
  • 1. Shared Data Model
  • 2. Integration Across Financial Modules
- Introduction to Oracle Applications R12
  • 1. E-Business Suite Footprint and Components
  • 2. Oracle E-Business Suite Architecture and Navigation
- Fundamentals of Multi-Org
  • 1. Business Group and Operating Unit Concepts
  • 2. Enhanced Multi-Org Access Control
- Fundamentals of Flexfields
  • 1. Descriptive Flexfields
  • 2. Key Flexfields
Topic 2: General Ledger- Journal Processing
  • 1. Journal Approval and Posting
  • 2. Mass Allocations
  • 3. Journal Entry Creation
  • 4. Recurring Journals
- Consolidations
  • 1. Ledger Consolidation Concepts
  • 2. Consolidation Processing
- Financial Reporting
  • 1. General Ledger Reporting
  • 2. Account Analysis and Inquiry
  • 3. Financial Statement Generator
- Advanced Security
  • 1. Data Access Sets
  • 2. Ledger and Legal Entity Security
- Financial Budgeting
  • 1. Budget Definition and Maintenance
  • 2. Budget Control and Analysis
- Accounting Setups
  • 1. Chart of Accounts Structure
  • 2. Currency Configuration
  • 3. Accounting Calendar Setup
  • 4. Ledger Configuration

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