Oracle 1Z0-516 Q&A - in .pdf

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 14, 2026
  • Q & A: 180 Questions and Answers
  • Printable Oracle 1Z0-516 PDF Format. It is an electronic file format regardless of the operating system platform.
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Oracle 1Z0-516 Q&A - Testing Engine

  • 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 EBS R12.1 General Ledger Essentials - 1Z0-516 Exam

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Free Download 1Z0-516 Actual tests

Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Administrators
  • Business Users
  • Implementers

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.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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:

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

Oracle 1Z0-516 Exam Syllabus Topics:

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

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