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

1Z1-516 real exams

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Aug 13, 2026

Q & A: 180 Questions and Answers

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

The following will be discussed here:

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

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting

The following will be discussed here:

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

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

The following will be discussed here:

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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 E-Business Essentials

The following will be discussed here:

  • Create Favorites and set Preferences
  • Explain shared entities within R12 E-Business Suite
  • Navigate from Personal Home Page to Applications
  • Log out of Oracle Applications
  • Use Forms and Menus
  • Log in to Oracle Applications
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • E-business Essentials
  • Navigating in R12 Oracle Applications
  • Run and monitor Reports and Programs
  • Enter data using Forms
  • Search for data using Forms
  • Describe key integration points and business flows between products in E-Business Suite (EBS)
  • Shared Entities and Integration
  • Choose a responsibility
  • Access online Help

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