Oracle EBS R12.1 General Ledger Essentials : 1Z1-516

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jun 25, 2026
  • Q & A: 180 Questions and Answers

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About Oracle EBS R12.1 General Ledger Essentials : 1Z1-516 Exam

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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org

The following will be discussed here:

  • Describe the types of organizations supported in the Multi-Org model
  • Explain the concepts of subledger accounting
  • Explain Enhanced Multiple-Organization Reporting
  • Explain Multi-Org preferences
  • Explain how Multi-Org secures data
  • Fundamentals of Multi-Org
  • Define Multi-Org Access Control
  • Identify key implementation considerations for Multi-Org
  • Explain the entities of Multi-Org
  • Define Multiple Organization (Multi-Org)

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 Oracle General Ledger Process

The following will be discussed here:

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

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