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Oracle EBS R12.1 General Ledger Essentials - 1Z1-516 real prep

1Z1-516
  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jul 09, 2025
  • Q & A: 180 Questions and Answers
  • PDF Version

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  • PDF Price: $59.98
  • Oracle 1Z1-516 Value Pack

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

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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:

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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups

The following will be discussed here:

  • Consolidations
  • Identify the key implementation issues regarding consolidations
  • Describe the various Subledger Accounting Options
  • Perform the Secondary Ledger Setup steps
  • Perform the Primary Ledger Setup steps
  • Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
  • Accounting Setups
  • Complete Accounting Setup
  • Create Accounting Setups
  • Describe the basic components of Accounting Setup
  • Creating a new Accounting Flexfield structure
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Describe the important elements for creating a Chart of Accounts structure
  • Create eliminating entries
  • Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
  • Describe Ledger Balancing Segment Value Assignments
  • Use Standard reports and inquiry options available for consolidations Ledger
  • Use the features and functionality of Global Consolidation System (GCS)
  • Use the elements of the Consolidation Workbench

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Average Salary of Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516Certified Professionals

The average salary:

  • England - 75,267 POUND
  • India - 6,71,117 INR
  • United State - 151,682 USD
  • Europe - 100,440 EURO

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:

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

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