1Z0-516 exam dumps

Oracle 1Z0-516 Value Package

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  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • No. of Questions: 180 Questions and Answers
  • Updated: Sep 06, 2026

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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.

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 E-Business Essentials

The following will be discussed here:

  • Create Favorites and set Preferences
  • Explain shared entities within R12 E-Business Suite
  • E-business Essentials
  • Use Forms and Menus
  • Describe key integration points and business flows between products in E-Business Suite (EBS)
  • Navigating in R12 Oracle Applications
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • Access online Help
  • Log out of Oracle Applications
  • Choose a responsibility
  • Search for data using Forms
  • Enter data using Forms
  • Navigate from Personal Home Page to Applications
  • Log in to Oracle Applications
  • Run and monitor Reports and Programs
  • Shared Entities and Integration

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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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Manage Data Access Sets
  • Oracle General Ledger Process
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
  • Manage Data Access Security for Legal Entities and Ledgers
  • Control security of Management Reporting
  • Explain key Advanced Security setups and process
  • Advanced Security

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Oracle 1Z0-516 Exam Syllabus Topics:

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

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