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

"Oracle EBS R12.1 General Ledger Essentials", also known as 1Z1-516 exam, is a Oracle Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 180 Q&As to your 1Z1-516 Exam preparation. In the 1Z1-516 exam resources, you will cover every field and category in Other Oracle Certification Certification helping to ready you for your successful Oracle Certification.

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  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Other Oracle Certification
  • Updated: Oct 10, 2026
  • No. of Questions: 180 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Introduction

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.

This certification is for:

  • Business Users
  • Administrators
  • Implementers

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
Topic 1: Journal Processing- Journal Entry Management
  • 1. Manual journal entries
    • 2. Recurring journals
      - Journal Approval and Posting
      • 1. Posting processes
        • 2. Approval workflows
          Topic 2: Financial Reporting- Standard Reports
          • 1. Financial statements
            • 2. Trial balance reports
              - Reporting Tools
              • 1. Financial Statement Generator (FSG)
                • 2. Ad hoc reporting
                  Topic 3: 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
                          Topic 4: Account Management- Account Reconciliation
                          • 1. Clearing accounts
                            • 2. Reconciliation processes
                              - Budgeting
                              • 1. Budgetary control
                                • 2. Budget creation and maintenance
                                  Topic 5: Period Close Process- Month-End Closing
                                  • 1. Period close activities
                                    • 2. Adjusting entries

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