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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: May 31, 2026
  • Q & A: 180 Questions and Answers

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Reporting

The following will be discussed here:

  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Build basic reports
  • Financial Reporting
  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports
  • Use Web ADI for Financial Reporting
  • Create FSG Reports with XML Publisher
  • Use Standard listing reports available for FSG report definitions
  • Explain the positioning of Financial Reporting within the Oracle General Ledger business flow

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 Accounting Setup Manager

The following will be discussed here:

  • Advanced Journal Entries
  • Describe Secondary Ledgers & Reporting Currencies
  • Describe Accounting Setup considerations with one legal entity
  • Describe AutoAllocations and related implementation considerations
  • Describe Accounting Setup considerations with multiple legal entities
  • Create Recurring Journals
  • Formulate Mass Allocation Journals
  • Describe Accounting Setup considerations with no legal entities
  • Accounting Setup Manager
  • Describe the components of Ledger Processing options

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