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

  • Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Updated: Jun 01, 2026
  • Q & A: 180 Questions and Answers

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

The following will be discussed here:

  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Perform key steps in the close process
  • Perform Subledger Reconciliation
  • Use Budgetary Control & maintain Summary accounts
  • Explain the accounting cycle
  • Explain the Period Closing Process and Reports
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Plan and maintain Summary Account structures
  • Describe the Journal Scheduling process
  • Determine how Summary Templates are used
  • Perform journal import of subledger balances
  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Explain summary accounts and how they are used in General Ledger
  • Summary Accounts
  • Consolidate account balances
  • Explain AutoScheduling
  • Period Close

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org

The following will be discussed here:

  • Fundamentals of Multi-Org
  • Identify key implementation considerations for Multi-Org
  • Describe the types of organizations supported in the Multi-Org model
  • Explain how Multi-Org secures data
  • Define Multiple Organization (Multi-Org)
  • Explain Enhanced Multiple-Organization Reporting
  • Explain the concepts of subledger accounting
  • Explain the entities of Multi-Org
  • Explain Multi-Org preferences
  • Define Multi-Org Access Control

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency

The following will be discussed here:

  • Perform Revaluation of foreign currency balances
  • Use Currency Rate Manager
  • Use Foreign Currency Reports
  • Translate functional balances into foreign currency
  • Describe overview of Secondary Tracking Segment
  • Explain Multi-Currency concepts
  • Multi-Currency
  • Perform Foreign currency journals Entry

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