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

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: May 31, 2026
  • Q & A: 180 Questions and Answers

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About Oracle 1Z0-516 Exam Cram

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

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 Financial Budgeting

The following will be discussed here:

  • Define budget and budget organization
  • Financial Budgeting
  • Review balances in Master/Detail budgets
  • Perform budget review and correction
  • Explain Budget Entry methods
  • Explain the components of budget accounting cycle
  • Use available Standard budget reports
  • Transfer budget amounts
  • Translate budget balances
  • Plan Budget implementation requirements
  • Create budgets with Budget Wizards
  • Apply Budget Rules
  • Explain the anatomy of a budget

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

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