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Instant Download Oracle : 1Z1-516 Questions & Answers as PDF & Test Engine

1Z1-516
  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Aug 25, 2026
  • No. of Questions: 180 Questions and Answers
  • Download Limit: Unlimited
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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:

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

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

The following will be discussed here:

  • Perform the Primary Ledger Setup steps
  • Describe the basic components of Accounting Setup
  • Use Standard reports and inquiry options available for consolidations Ledger
  • Describe Ledger Balancing Segment Value Assignments
  • Consolidations
  • Describe the important elements for creating a Chart of Accounts structure
  • Use the elements of the Consolidation Workbench
  • Perform the Secondary Ledger Setup steps
  • Creating a new Accounting Flexfield structure
  • Use the features and functionality of Global Consolidation System (GCS)
  • Accounting Setups
  • Describe the various Subledger Accounting Options
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Identify the key implementation issues regarding consolidations
  • Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
  • Complete Accounting Setup
  • Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
  • Create eliminating entries
  • Create Accounting Setups

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
Topic 1: General Ledger Setup- Chart of Accounts
  • 1. Segment structure design
    • 2. Value sets and flexfields
      - Ledger Configuration
      • 1. Ledger creation and structure setup
        • 2. Accounting calendar definition
          Topic 2: Account Management- Budgeting
          • 1. Budget creation and maintenance
            • 2. Budgetary control
              - Account Reconciliation
              • 1. Reconciliation processes
                • 2. Clearing accounts
                  Topic 3: Journal Processing- Journal Approval and Posting
                  • 1. Posting processes
                    • 2. Approval workflows
                      - Journal Entry Management
                      • 1. Recurring journals
                        • 2. Manual journal entries
                          Topic 4: Period Close Process- Month-End Closing
                          • 1. Adjusting entries
                            • 2. Period close activities
                              Topic 5: Financial Reporting- Reporting Tools
                              • 1. Ad hoc reporting
                                • 2. Financial Statement Generator (FSG)
                                  - Standard Reports
                                  • 1. Trial balance reports
                                    • 2. Financial statements

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