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

1Z1-516

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Jul 23, 2026

Q & A: 180 Questions and Answers

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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.

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