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

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 14, 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 Setups

The following will be discussed here:

  • Describe Ledger Balancing Segment Value Assignments
  • Describe the basic components of Accounting Setup
  • Consolidations
  • Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
  • Identify the key implementation issues regarding consolidations
  • Use the elements of the Consolidation Workbench
  • Describe the various Subledger Accounting Options
  • Create eliminating entries
  • Create Accounting Setups
  • Use Standard reports and inquiry options available for consolidations Ledger
  • Complete Accounting Setup
  • Perform the Secondary Ledger Setup steps
  • Describe the important elements for creating a Chart of Accounts structure
  • Accounting Setups
  • Creating a new Accounting Flexfield structure
  • Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
  • Use the features and functionality of Global Consolidation System (GCS)
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Perform the Primary Ledger Setup steps

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What is Implementation Essentials 1z0-516 Certification Exam and Retake policy

Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.

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Oracle 1Z0-516 Exam Syllabus Topics:

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

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