Oracle 1Z1-516 dumps - in .pdf

1Z1-516 pdf
  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Oct 05, 2026
  • Q & A: 180 Questions and Answers
  • PDF Price: $59.99
  • Free Demo

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  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Oct 05, 2026
  • Q & A: 180 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $119.98  $79.99
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Oracle 1Z1-516 dumps - Testing Engine

1Z1-516 Testing Engine
  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Oct 05, 2026
  • Q & A: 180 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

About Oracle 1Z1-516 VCE materials

Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Implementers
  • Business Users
  • Administrators

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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

The following will be discussed here:

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

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

For more info read reference:

1z0-516 Official Certification Site

Oracle Cloud Learning Resources

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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:

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

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal Entry Management
  • 1. Recurring journals
    • 2. Manual journal entries
      - Journal Approval and Posting
      • 1. Posting processes
        • 2. Approval workflows
          Account Management- Account Reconciliation
          • 1. Clearing accounts
            • 2. Reconciliation processes
              - Budgeting
              • 1. Budget creation and maintenance
                • 2. Budgetary control
                  Financial Reporting- Standard Reports
                  • 1. Financial statements
                    • 2. Trial balance reports
                      - Reporting Tools
                      • 1. Financial Statement Generator (FSG)
                        • 2. Ad hoc reporting
                          Period Close Process- Month-End Closing
                          • 1. Period close activities
                            • 2. Adjusting entries
                              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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