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

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 22, 2026     Q & A: 180 Questions and Answers

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How to book the Oracle Planning 2020 Implementation Essentials 1z0-516

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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:

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

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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:

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

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

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