Get real 1Z1-516 exam questions for better preparation
Real Oracle 1Z1-516 practice exam questions for easy pass!
Updated: Sep 03, 2026
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 AutoScheduling
The following will be discussed here:
- Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
- Describe key issues and considerations when implementing Advanced Journal Entry
- Explain the accounting cycle
- Describe the Journal Scheduling process
- Explain AutoScheduling
- Perform journal import of subledger balances
- Summary Accounts
- Plan and maintain Summary Account structures
- Period Close
- Explain the Period Closing Process and Reports
- Use Budgetary Control & maintain Summary accounts
- Determine how Summary Templates are used
- Perform Subledger Reconciliation
- Define How Parent Values/ Rollup Groups are used in General Ledger
- Explain summary accounts and how they are used in General Ledger
- Consolidate account balances
- Perform key steps in the close process
Oracle 1Z1-516 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle E-Business Suite R12.1 General Ledger Essentials |
| Exam Number: | 1Z0-516 |
| Exam Price: | USD 245 (may vary by region) |
| Exam Format: | Multiple Choice |
| Passing Score: | 60% |
| Certificate Validity Period: | No expiration (valid for EBS R12 / R12.1) |
| Exam Duration: | 120 minutes |
| Available Languages: | Japanese, English, Simplified Chinese, Brazilian Portuguese |
| Real Exam Qty: | 64 |
| Recommended Training: | R12.2.9 Oracle General Ledger Management Fundamentals R12.2.9 Oracle E-Business Suite Fundamentals |
| Exam Registration: | Oracle University Pearson VUE |
| Sample Questions: | Oracle 1Z1-516 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended: hands-on experience with Oracle EBS R12.1 Financials |
| Official Syllabus URL: | https://education.oracle.com/catalogue-de-produits-ouexam-pexam_1z0-516/pexam_1Z0-516 |
Difficulty in Attempting Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
If the user has successfully passed the 1z0-516 practice exam and has been through 1z0-516 exam dumps then the certification exam will not be too much difficult as the user has shown aptitude for understanding complicated processes.
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org
The following will be discussed here:
- Define Multiple Organization (Multi-Org)
- Identify key implementation considerations for Multi-Org
- Explain Enhanced Multiple-Organization Reporting
- Explain how Multi-Org secures data
- Explain Multi-Org preferences
- Describe the types of organizations supported in the Multi-Org model
- Define Multi-Org Access Control
- Explain the entities of Multi-Org
- Explain the concepts of subledger accounting
- Fundamentals of Multi-Org
Certification Path
Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 is a fundamental exam. Successful completion by candidates will allow them to achieve Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger status.
Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Budgeting, Reporting and Period Close | 20% | - Generate financial reports - Use summary accounts and balances - Execute period-end and year-end closing - Set up and maintain budgets |
| E-Business Essentials | 20% | - Navigate R12 Oracle Applications - Describe E-Business Suite architecture and shared entities - Explain Multi-Org fundamentals - Understand flexfields and Web ADI |
| Journal Processing | 20% | - Manage recurring and mass allocation journals - Create, review, and post journal entries - Handle journal reversals and approvals |
| Accounting Setup and Security | 25% | - Define ledgers and ledger sets - Create and manage chart of accounts - Implement data access security - Use Accounting Setup Manager |
| Multi-Currency and Consolidations | 15% | - Perform consolidations and elimination sets - Define and use multiple currencies - Translate and revalue balances |
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