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

1Z1-516 real exams

Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Sep 02, 2025

Q & A: 180 Questions and Answers

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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:

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

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

This certification is for:

  • Implementers
  • Business Users
  • 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.

How much Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 costs

  • Passing Score: 60% or higher
  • No. of Questions: 80 Questions
  • Types of questions: Performance Based Questions
  • Length of Exam: 150 min
  • Examination Fees: $250 USD
  • Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

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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:

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