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

1Z1-516 real exams

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Aug 21, 2026

Q & A: 180 Questions and Answers

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About Oracle 1Z1-516 Exam

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Oracle EBS R12.1 General Ledger module is a comprehensive financial management tool that enables organizations to manage their financial operations efficiently. The module provides a wide range of features, including journal entries, account balances, financial statements, and financial reporting. The Oracle 1Z0-516 exam covers all these features and tests the candidate's ability to use them effectively.

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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To prepare for the Oracle 1Z1-516 certification exam, candidates should have a strong understanding of accounting principles and practices, as well as experience working with Oracle EBS R12.1 General Ledger. They can also benefit from training courses, study guides, and practice exams designed specifically for this certification exam.

Oracle 1Z1-516 Exam Syllabus Topics:

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

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