Oracle EBS R12.1 General Ledger Essentials : 1Z0-516

  • Exam Code: 1Z0-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jun 24, 2026
  • Q & A: 180 Questions and Answers

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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:

  • Build basic reports
  • 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
  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports
  • Use Standard listing reports available for FSG report definitions
  • Create FSG Reports with XML Publisher
  • Financial Reporting

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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:

  • Manage Data Access Security for Legal Entities and Ledgers
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • 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
  • Oracle General Ledger Process
  • Advanced Security
  • Control security of Management Reporting
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Explain key Advanced Security setups and process
  • Manage Data Access Sets

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 Introduction to Oracle Applications R12

The following will be discussed here:

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

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