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Exam Code: 1Z1-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Sep 15, 2026

Number: 180 Q&As with Testing Engine

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Average Salary of Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516Certified Professionals

The average salary:

United State - 151,682 USD
Europe - 100,440 EURO
India - 6,71,117 INR
England - 75,267 POUND

Oracle 1Z1-516 Exam Overview:

Certification Vendor:	Oracle
Exam Name:	Oracle E-Business Suite R12.1 General Ledger Essentials
Exam Number:	1Z0-516
Available Languages:	English
Related Certifications:	Oracle E-Business Suite R12 Financials
Exam Format:	Multiple Choice Questions
Exam Duration:	120 minutes
Recommended Training:	Oracle E-Business Suite Financials Training
Exam Registration:	Oracle Certification Registration
Sample Questions:	Oracle 1Z1-516 Sample Questions
Exam Way:	Computer-based proctored exam (online or test center depending on Oracle testing provider)
Pre Condition:	Recommended familiarity with Oracle E-Business Suite Financials and basic accounting principles.
Official Syllabus URL:	https://education.oracle.com

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

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

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

The following will be discussed here:

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

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

Oracle 1Z1-516 Exam Syllabus Topics:

Section	Objectives
Financial Reporting	- Standard Reports 1. Trial balance reports 2. Financial statements - Reporting Tools 1. Ad hoc reporting 2. Financial Statement Generator (FSG)
Account Management	- Account Reconciliation 1. Reconciliation processes 2. Clearing accounts - Budgeting 1. Budgetary control 2. Budget creation and maintenance
General Ledger Setup	- Chart of Accounts 1. Segment structure design 2. Value sets and flexfields - Ledger Configuration 1. Accounting calendar definition 2. Ledger creation and structure setup
Period Close Process	- Month-End Closing 1. Adjusting entries 2. Period close activities
Journal Processing	- Journal Approval and Posting 1. Approval workflows 2. Posting processes - Journal Entry Management 1. Manual journal entries 2. Recurring journals

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