Learn with Oracle : 1Z0-516 training material for 100% pass

Last Updated: Jul 28, 2026

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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.

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

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

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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Business Users
  • Implementers
  • Administrators

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.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

Oracle 1Z0-516 Exam Syllabus Topics:

SectionObjectives
Financial Reporting- Reporting Tools
  • 1. Ad hoc reporting
    • 2. Financial Statement Generator (FSG)
      - Standard Reports
      • 1. Trial balance reports
        • 2. Financial statements
          Account Management- Budgeting
          • 1. Budget creation and maintenance
            • 2. Budgetary control
              - Account Reconciliation
              • 1. Reconciliation processes
                • 2. Clearing accounts
                  General Ledger Setup- Chart of Accounts
                  • 1. Segment structure design
                    • 2. Value sets and flexfields
                      - Ledger Configuration
                      • 1. Accounting calendar definition
                        • 2. Ledger creation and structure setup
                          Journal Processing- Journal Entry Management
                          • 1. Manual journal entries
                            • 2. Recurring journals
                              - Journal Approval and Posting
                              • 1. Posting processes
                                • 2. Approval workflows
                                  Period Close Process- Month-End Closing
                                  • 1. Adjusting entries
                                    • 2. Period close activities
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