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

Oracle 1Z1-516 exam
  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 29, 2026
  • Q & A: 180 Questions and Answers
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 AutoScheduling

The following will be discussed here:

  • Period Close
  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Describe the Journal Scheduling process
  • Plan and maintain Summary Account structures
  • Explain AutoScheduling
  • Determine how Summary Templates are used
  • Perform journal import of subledger balances
  • Perform Subledger Reconciliation
  • Explain the accounting cycle
  • Explain summary accounts and how they are used in General Ledger
  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Summary Accounts
  • Explain the Period Closing Process and Reports
  • Use Budgetary Control & maintain Summary accounts
  • Consolidate account balances
  • Perform key steps in the close process

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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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency

The following will be discussed here:

  • Perform Revaluation of foreign currency balances
  • Explain Multi-Currency concepts
  • Use Foreign Currency Reports
  • Use Currency Rate Manager
  • Perform Foreign currency journals Entry
  • Multi-Currency
  • Describe overview of Secondary Tracking Segment
  • Translate functional balances into foreign currency

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Average Salary of Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516Certified Professionals

The average salary:

  • India - 6,71,117 INR
  • England - 75,267 POUND
  • United State - 151,682 USD
  • Europe - 100,440 EURO

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: E-Business Essentials20%- Understand flexfields and Web ADI
- Navigate R12 Oracle Applications
- Describe E-Business Suite architecture and shared entities
- Explain Multi-Org fundamentals
Topic 2: Multi-Currency and Consolidations15%- Define and use multiple currencies
- Perform consolidations and elimination sets
- Translate and revalue balances
Topic 3: Budgeting, Reporting and Period Close20%- Execute period-end and year-end closing
- Use summary accounts and balances
- Set up and maintain budgets
- Generate financial reports
Topic 4: Accounting Setup and Security25%- Create and manage chart of accounts
- Implement data access security
- Define ledgers and ledger sets
- Use Accounting Setup Manager
Topic 5: Journal Processing20%- Create, review, and post journal entries
- Handle journal reversals and approvals
- Manage recurring and mass allocation journals

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