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Oracle Other Oracle Certification 1Z1-516

1Z1-516

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: May 28, 2026

Q&A Number: 180 Q&As

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

The following will be discussed here:

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

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1Z1-516 exam dumps

Simulation test system

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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:

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

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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