Oracle 1Z0-516 : Oracle EBS R12.1 General Ledger Essentials

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 14, 2026
  • Q & A: 180 Questions and Answers

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About Oracle 1Z0-516 Exam

What is Implementation Essentials 1z0-516 Certification Exam and Retake policy

Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

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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How much Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 costs

  • Length of Exam: 150 min
  • Passing Score: 60% or higher
  • Examination Fees: $250 USD
  • Types of questions: Performance Based Questions
  • Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
  • No. of Questions: 80 Questions

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

The following will be discussed here:

  • Financial Reporting
  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Create FSG Reports with XML Publisher
  • Use Web ADI for Financial Reporting
  • Use Standard listing reports available for FSG report definitions
  • Build basic reports
  • 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

How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Introduction

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.

This certification is for:

  • Implementers
  • Business Users
  • Administrators

Oracle 1Z0-516 Exam Syllabus Topics:

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

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