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

1Z1-516 real exams

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Oct 17, 2026

Q & A: 180 Questions and Answers

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About Oracle 1Z1-516 Exam

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency

The following will be discussed here:

  • Describe overview of Secondary Tracking Segment
  • Multi-Currency
  • Perform Foreign currency journals Entry
  • Translate functional balances into foreign currency
  • Explain Multi-Currency concepts
  • Use Foreign Currency Reports
  • Use Currency Rate Manager
  • Perform Revaluation of foreign currency balances

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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For more info read reference:

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Oracle 1Z1-516 Exam Syllabus Topics:

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

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