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Oracle 1Z0-516

1Z0-516

Exam Code: 1Z0-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Sep 07, 2026

Q&A Number: 180 Q&As

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About Oracle 1Z0-516 Exam 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:

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

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1z0-516 Official Certification Site

Oracle Cloud Learning Resources

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

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

The following will be discussed here:

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

Oracle 1Z0-516 Exam Syllabus Topics:

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

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