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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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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Setup and Security | 25% | - Implement data access security - Use Accounting Setup Manager - Define ledgers and ledger sets - Create and manage chart of accounts |
| Topic 2: Journal Processing | 20% | - Manage recurring and mass allocation journals - Create, review, and post journal entries - Handle journal reversals and approvals |
| Topic 3: Multi-Currency and Consolidations | 15% | - Translate and revalue balances - Define and use multiple currencies - Perform consolidations and elimination sets |
| Topic 4: Budgeting, Reporting and Period Close | 20% | - Use summary accounts and balances - Execute period-end and year-end closing - Generate financial reports - Set up and maintain budgets |
| Topic 5: E-Business Essentials | 20% | - 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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