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

1Z1-516 real exams

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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About Oracle EBS R12.1 General Ledger Essentials - 1Z1-516 Exam

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

The following will be discussed here:

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

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 Multi-Currency

The following will be discussed here:

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

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