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Oracle 1Z1-516 Exam Braindumps - in .pdf Free Demo

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Last Updated: Aug 29, 2026
  • Q & A: 180 Questions and Answers
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  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Last Updated: Aug 29, 2026
  • Q & A: 180 Questions and Answers
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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:

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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

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

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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:

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

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

Oracle 1Z1-516 Exam Syllabus Topics:

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

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