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

Last Updated: Aug 24, 2026

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How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Introduction

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.

This certification is for:

  • Administrators
  • Business Users
  • Implementers

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 Oracle General Ledger Process

The following will be discussed here:

  • Explain key Advanced Security setups and process
  • Advanced Security
  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Oracle General Ledger Process
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Control security of Management Reporting
  • Manage Data Access Security for Legal Entities and Ledgers
  • Manage Data Access Sets

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 E-Business Essentials

The following will be discussed here:

  • Shared Entities and Integration
  • Explain shared entities within R12 E-Business Suite
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • Navigate from Personal Home Page to Applications
  • Create Favorites and set Preferences
  • Log in to Oracle Applications
  • Use Forms and Menus
  • Log out of Oracle Applications
  • Run and monitor Reports and Programs
  • Access online Help
  • Choose a responsibility
  • E-business Essentials
  • Enter data using Forms
  • Describe key integration points and business flows between products in E-Business Suite (EBS)
  • Navigating in R12 Oracle Applications
  • Search for data using Forms

Oracle 1Z1-516 Exam Syllabus Topics:

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

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