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

Updated: Sep 16, 2026

Q & A: 180 Questions and Answers

1Z1-516 Braindumps VCE
  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Reporting

The following will be discussed here:

  • Build basic reports
  • Financial Reporting
  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports
  • Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
  • Create FSG Reports with XML Publisher
  • Use Web ADI for Financial Reporting
  • Use Standard listing reports available for FSG report definitions

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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Implementers
  • Administrators
  • Business Users

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.

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

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

The average salary:

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

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

The following will be discussed here:

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

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: Account Management- Budgeting
  • 1. Budgetary control
    • 2. Budget creation and maintenance
      - Account Reconciliation
      • 1. Clearing accounts
        • 2. Reconciliation processes
          Topic 2: General Ledger Setup- Chart of Accounts
          • 1. Segment structure design
            • 2. Value sets and flexfields
              - Ledger Configuration
              • 1. Ledger creation and structure setup
                • 2. Accounting calendar definition
                  Topic 3: Period Close Process- Month-End Closing
                  • 1. Period close activities
                    • 2. Adjusting entries
                      Topic 4: Financial Reporting- Reporting Tools
                      • 1. Financial Statement Generator (FSG)
                        • 2. Ad hoc reporting
                          - Standard Reports
                          • 1. Trial balance reports
                            • 2. Financial statements
                              Topic 5: Journal Processing- Journal Approval and Posting
                              • 1. Approval workflows
                                • 2. Posting processes
                                  - Journal Entry Management
                                  • 1. Recurring journals
                                    • 2. Manual journal entries

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