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

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Sep 03, 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 Fundamentals of Multi-Org

The following will be discussed here:

  • Explain Multi-Org preferences
  • Explain how Multi-Org secures data
  • Explain the concepts of subledger accounting
  • Explain the entities of Multi-Org
  • Define Multiple Organization (Multi-Org)
  • Explain Enhanced Multiple-Organization Reporting
  • Fundamentals of Multi-Org
  • Define Multi-Org Access Control
  • Describe the types of organizations supported in the Multi-Org model
  • Identify key implementation considerations for Multi-Org

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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:

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

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

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.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

How much Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 costs

  • Types of questions: Performance Based Questions
  • Passing Score: 60% or higher
  • Examination Fees: $250 USD
  • Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
  • No. of Questions: 80 Questions
  • Length of Exam: 150 min

Oracle 1Z1-516 Exam Syllabus Topics:

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

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