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

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 23, 2026
  • Q & A: 180 Questions and Answers

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

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

The following will be discussed here:

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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager

The following will be discussed here:

  • Create Recurring Journals
  • Describe AutoAllocations and related implementation considerations
  • Formulate Mass Allocation Journals
  • Advanced Journal Entries
  • Describe Accounting Setup considerations with multiple legal entities
  • Describe Accounting Setup considerations with one legal entity
  • Describe Secondary Ledgers & Reporting Currencies
  • Accounting Setup Manager
  • Describe Accounting Setup considerations with no legal entities
  • Describe the components of Ledger Processing options

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

Oracle 1Z0-516 Exam Syllabus Topics:

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

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