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Oracle 1Z0-516

1Z0-516

Exam Code: 1Z0-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Jul 19, 2026

Q & A: 180 Questions and Answers

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About Oracle 1Z0-516 Exam

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

The following will be discussed here:

  • Fundamentals of Multi-Org
  • Explain Multi-Org preferences
  • Define Multiple Organization (Multi-Org)
  • Identify key implementation considerations for Multi-Org
  • Explain the concepts of subledger accounting
  • Define Multi-Org Access Control
  • Explain Enhanced Multiple-Organization Reporting
  • Explain the entities of Multi-Org
  • Describe the types of organizations supported in the Multi-Org model
  • Explain how Multi-Org secures data

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

The following will be discussed here:

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

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

Extremely high passing rate

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Oracle 1Z0-516 Exam Syllabus Topics:

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