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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: May 26, 2026
  • Q&As: 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:

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

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1Z1-516 exam dumps

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

The following will be discussed here:

  • Build basic reports
  • Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
  • Use Web ADI for Financial Reporting
  • Financial Reporting
  • Create FSG Reports with XML Publisher
  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Use Standard listing reports available for FSG report definitions
  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports

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

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

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

The following will be discussed here:

  • Use Budgetary Control & maintain Summary accounts
  • Explain the accounting cycle
  • Plan and maintain Summary Account structures
  • Consolidate account balances
  • Perform journal import of subledger balances
  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Period Close
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Perform key steps in the close process
  • Perform Subledger Reconciliation
  • Describe the Journal Scheduling process
  • Explain AutoScheduling
  • Determine how Summary Templates are used
  • Summary Accounts
  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Explain the Period Closing Process and Reports
  • Explain summary accounts and how they are used in General Ledger

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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