Learn with Oracle : 1Z1-516 training material for 100% pass

Last Updated: Jul 19, 2026

No. of Questions: 180 Questions & Answers with Testing Engine

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

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting

The following will be discussed here:

  • Define budget and budget organization
  • Explain the anatomy of a budget
  • Create budgets with Budget Wizards
  • Translate budget balances
  • Perform budget review and correction
  • Apply Budget Rules
  • Explain the components of budget accounting cycle
  • Transfer budget amounts
  • Explain Budget Entry methods
  • Financial Budgeting
  • Plan Budget implementation requirements
  • Use available Standard budget reports
  • Review balances in Master/Detail budgets

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

Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

Oracle 1Z1-516 Exam Syllabus Topics:

SectionWeightObjectives
Budgeting, Reporting and Period Close20%- Use summary accounts and balances
- Set up and maintain budgets
- Execute period-end and year-end closing
- Generate financial reports
E-Business Essentials20%- Explain Multi-Org fundamentals
- Navigate R12 Oracle Applications
- Describe E-Business Suite architecture and shared entities
- Understand flexfields and Web ADI
Journal Processing20%- Handle journal reversals and approvals
- Manage recurring and mass allocation journals
- Create, review, and post journal entries
Multi-Currency and Consolidations15%- Perform consolidations and elimination sets
- Define and use multiple currencies
- Translate and revalue balances
Accounting Setup and Security25%- Create and manage chart of accounts
- Define ledgers and ledger sets
- Implement data access security
- Use Accounting Setup Manager
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