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

1Z1-516

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Aug 07, 2026

Q & A: 180 Questions and Answers

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

  • Explain Workflow concepts
  • Define Descriptive Flexfields
  • Describe Flexfields and their components
  • Describe how journal entries are positioned in the accounting cycle
  • Introduction to Oracle Applications R12
  • Identify the steps to implement a Flexfield
  • Define Web ADI setup options for key flexfields
  • Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
  • Define value sets and values
  • Explain the footprint of R12 E-Business Suite
  • Plan the key elements of Web Applications Desktop Integrator (Web ADI)
  • Describe R12 E-Business Suite architecture
  • Basic Journal Entries
  • Utilize Web ADI profile options, forms functions, menus, and responsibilities
  • Describe the benefits of R12 E-Business Suite
  • Fundamentals of Flexfields
  • Define Key Flexfields
  • Describe the benefits of Workflow
  • Describe the different Journal Posting options
  • Fundamentals of Workflow and Alerts
  • Import journal entry information using the GL_INTERFACE table

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
E-Business Essentials- Fundamentals of Multi-Org
  • 1. Business Group and Operating Unit Concepts
  • 2. Enhanced Multi-Org Access Control
- Fundamentals of Flexfields
  • 1. Descriptive Flexfields
  • 2. Key Flexfields
- Introduction to Oracle Applications R12
  • 1. E-Business Suite Footprint and Components
  • 2. Oracle E-Business Suite Architecture and Navigation
- Shared Entities and Integration
  • 1. Integration Across Financial Modules
  • 2. Shared Data Model
General Ledger- Journal Processing
  • 1. Mass Allocations
  • 2. Journal Entry Creation
  • 3. Journal Approval and Posting
  • 4. Recurring Journals
- Financial Budgeting
  • 1. Budget Control and Analysis
  • 2. Budget Definition and Maintenance
- Consolidations
  • 1. Ledger Consolidation Concepts
  • 2. Consolidation Processing
- Financial Reporting
  • 1. Account Analysis and Inquiry
  • 2. General Ledger Reporting
  • 3. Financial Statement Generator
- Accounting Setups
  • 1. Currency Configuration
  • 2. Ledger Configuration
  • 3. Chart of Accounts Structure
  • 4. Accounting Calendar Setup
- Advanced Security
  • 1. Ledger and Legal Entity Security
  • 2. Data Access Sets
1Z1-516 Related Exams
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1Z1-402 - Oracle Spplication Server 10g:Administration II
1z0-493 - Oracle Communications Order and Service Management Server 7 Implementation Essentials
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