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Updated: Sep 13, 2026
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Oracle 1Z1-516 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle E-Business Suite R12.1 General Ledger Essentials |
| Exam Number: | 1Z0-516 |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice Questions |
| Available Languages: | English |
| Related Certifications: | Oracle E-Business Suite R12 Financials |
| 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 |
What is Implementation Essentials 1z0-516 Certification Exam and Retake policy
Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.
All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.
Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager
The following will be discussed here:
- Describe Accounting Setup considerations with no legal entities
- Formulate Mass Allocation Journals
- Describe Secondary Ledgers & Reporting Currencies
- Accounting Setup Manager
- Describe AutoAllocations and related implementation considerations
- Advanced Journal Entries
- Describe Accounting Setup considerations with multiple legal entities
- Create Recurring Journals
- Describe Accounting Setup considerations with one legal entity
- Describe the components of Ledger Processing options
Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Setup | - Ledger Configuration
|
| Account Management | - Budgeting
|
| Journal Processing | - Journal Entry Management
|
| Financial Reporting | - Standard Reports
|
| Period Close Process | - Month-End Closing
|
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