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

1Z1-516 Exam Questions
  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Oct 02, 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:

  • Business Users
  • Implementers
  • 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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Oracle 1Z1-516 exam consists of 80 multiple-choice questions that cover various aspects of Oracle EBS R12.1 General Ledger Essentials. 1Z1-516 exam duration is 120 minutes, and candidates must score at least 60% to pass the exam. Oracle EBS R12.1 General Ledger Essentials certification is valid for two years, after which candidates need to renew their certification.

Oracle 1Z1-516 exam is intended for individuals who want to earn the Oracle EBS R12.1 General Ledger Essentials certification. Oracle EBS R12.1 General Ledger Essentials certification is ideal for those who work as financial analysts, accountants, or consultants, and want to demonstrate their expertise in Oracle EBS R12.1 General Ledger. It is also suitable for professionals who want to enhance their career prospects and explore new opportunities in the financials domain. Passing 1Z1-516 exam requires a good understanding of financials concepts, hands-on experience with Oracle EBS R12.1 General Ledger, and thorough preparation using relevant study materials.

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:

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

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