Oracle 1Z1-516 : Oracle EBS R12.1 General Ledger Essentials

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jun 03, 2026
  • Q & A: 180 Questions and Answers

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

The following will be discussed here:

  • Describe Secondary Ledgers & Reporting Currencies
  • Describe Accounting Setup considerations with multiple legal entities
  • Advanced Journal Entries
  • Describe the components of Ledger Processing options
  • Create Recurring Journals
  • Describe Accounting Setup considerations with no legal entities
  • Describe AutoAllocations and related implementation considerations
  • Accounting Setup Manager
  • Formulate Mass Allocation Journals
  • Describe Accounting Setup considerations with one legal entity
How much Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 costs
  • Examination Fees: $250 USD
  • Types of questions: Performance Based Questions
  • Length of Exam: 150 min
  • Passing Score: 60% or higher
  • No. of Questions: 80 Questions
  • Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

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 AutoScheduling

The following will be discussed here:

  • Plan and maintain Summary Account structures
  • Consolidate account balances
  • Determine how Summary Templates are used
  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Perform Subledger Reconciliation
  • Use Budgetary Control & maintain Summary accounts
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Describe the Journal Scheduling process
  • Perform key steps in the close process
  • Explain the Period Closing Process and Reports
  • Explain summary accounts and how they are used in General Ledger
  • Period Close
  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Explain the accounting cycle
  • Explain AutoScheduling
  • Summary Accounts
  • Perform journal import of subledger balances

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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:

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