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

1Z1-516 real exams

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Jul 27, 2026

Q & A: 180 Questions and Answers

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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.

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

The following will be discussed here:

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

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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Oracle 1Z1-516 Exam Syllabus Topics:

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

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