Oracle 1Z1-516 : Oracle EBS R12.1 General Ledger Essentials

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jul 26, 2026   Q&As: 180 Questions and Answers

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

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

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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Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Period Close Process- Month-End Closing
  • 1. Period close activities
    • 2. Adjusting entries
      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
              Journal Processing- Journal Approval and Posting
              • 1. Approval workflows
                • 2. Posting processes
                  - Journal Entry Management
                  • 1. Manual journal entries
                    • 2. Recurring journals
                      Financial Reporting- Reporting Tools
                      • 1. Ad hoc reporting
                        • 2. Financial Statement Generator (FSG)
                          - Standard Reports
                          • 1. Trial balance reports
                            • 2. Financial statements
                              Account Management- Account Reconciliation
                              • 1. Clearing accounts
                                • 2. Reconciliation processes
                                  - Budgeting
                                  • 1. Budgetary control
                                    • 2. Budget creation and maintenance

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