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Home  /  Oracle Technical Certification  /  Oracle E-Business Suite General Ledger
📒 Financials Specialist · 1Z0-516

Oracle E-Business Suite R12.1
General Ledger Essentials (1Z0-516)

Build a strong functional foundation in Oracle E-Business Suite Essentials and master Oracle General Ledger — accounting setup, multi-currency, journal entries, budgeting, consolidations and financial reporting.

Accounting Setup Manager Multi-Currency Financial Reporting Budgeting & Forecasting Period Close OPN Specialist
Enroll Now
Navigation & FlexfieldsR12 navigation, multi-org & flexfields
General Ledger ProcessAccounting cycle, journals & posting
Multi-Currency & SecurityCurrency rates, translation & access security
Reporting & Period CloseFSG, budgeting, consolidations & close
64
Exam Questions
120
Minutes Duration
60%
Passing Score
Online
Proctored Exam
Why It's Trending

Finance Teams Run on Oracle General Ledger

Oracle E-Business Suite General Ledger remains the financial backbone for thousands of enterprises — accounting setup, multi-ledger processing and reporting skills are consistently in demand.

Trending
1000s
Enterprises Run Oracle EBS GL
Oracle E-Business Suite General Ledger powers core accounting and reporting across large global enterprises.
10K+
Finance Functional Roles Globally
Functional consultants with EBS GL skills remain in steady demand for implementation and support engagements.
Trending
OPN
Recognized OPN Specialist Credential
1Z0-516 qualifies as competency criteria for the Oracle E-Business Suite Financial Management specialization.
+15%
Higher Pay for GL Consultants
Certified Oracle General Ledger specialists earn a competitive premium on ERP implementation projects.
Certification Path

Your Path into Oracle E-Business Suite Financials

Start Here
ERP & Financials Basics
Oracle EBS Fundamentals
You Are Here
EBS R12.1 General Ledger Essentials
1Z0-516 Specialization
Next Step
EBS R12.1 Payables Essentials
1Z0-517 Specialization
Advanced
EBS R12 Applications DBA
Administration Track
Specialize
Oracle Cloud ERP / Fusion Financials
Cloud Financials Track

Exam 1Z0-516 is an OPN specialist certification for functional consultants, validating Oracle E-Business Suite R12.1 General Ledger implementation expertise — a strong foundation for further EBS Financials certifications and Oracle Cloud ERP Financials.

Exam Overview

Exam 1Z0-516: Oracle E-Business Suite R12.1 General Ledger Essentials

Language
English
Duration
120 Minutes
Total Questions
64
Passing Score
60%
Format
Multiple Choice, Proctored Online
Delivery
Proctored Online

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

Course Content

Complete Oracle EBS R12.1 General Ledger Curriculum

Click any module to expand and explore the topics covered in detail.

01
Navigating in R12 Oracle Applications
10 Topics
Log in to Oracle Applications
Navigate from Personal Home Page to Applications
Choose a responsibility
Create Favorites and set Preferences
Use Forms and Menus
Enter data using Forms
Search for data using Forms
Access online Help
Run and monitor Reports and Programs
Log out of Oracle Applications
02
Introduction to Oracle Applications R12
3 Topics
Explain the footprint of R12 E-Business Suite
Describe the benefits of R12 E-Business Suite
Describe R12 E-Business Suite architecture
03
Shared Entities and Integration
3 Topics
Explain shared entities within R12 E-Business Suite
Describe key integration points and business flows between products in E-Business Suite (EBS)
Identify Key Business Flows and products involved in E-Business Suite (EBS)
04
Fundamentals of Flexfields
16 Topics
Describe Flexfields and their components
Identify the steps to implement a Flexfield
Define value sets and values
Define Key Flexfields
Define Descriptive Flexfields
Define Multiple Organization (Multi-Org)
Describe the types of organizations supported in the Multi-Org model
Explain the entities of Multi-Org
Explain how Multi-Org secures data
Identify key implementation considerations for Multi-Org
Define Multi-Org Access Control
Explain Multi-Org preferences
Explain Enhanced Multiple-Organization Reporting
Explain the concepts of subledger accounting
Explain Workflow concepts
Describe the benefits of Workflow
05
Oracle General Ledger Process
12 Topics
Identify the steps required to complete the accounting cycle using Oracle General Ledger
Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
Describe how journal entries are positioned in the accounting cycle
Describe the different Journal Posting options
Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
Import journal entry information using the GL_INTERFACE table
Plan the key elements of Web Applications Desktop Integrator (Web ADI)
Define Web ADI setup options for key flexfields
Utilize Web ADI profile options, forms functions, menus, and responsibilities
06
Advanced Security
4 Topics
Manage Data Access Security for Legal Entities and Ledgers
Explain key Advanced Security setups and process
Manage Data Access Sets
Control security of Management Reporting
07
Multi-Currency
7 Topics
Explain Multi-Currency concepts
Use Currency Rate Manager
Perform Foreign currency journals Entry
Perform Revaluation of foreign currency balances
Translate functional balances into foreign currency
Describe overview of Secondary Tracking Segment
Use Foreign Currency Reports
08
Financial Reporting
7 Topics
Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
Build basic reports
Use key elements of the Financial Statement Generator (FSG) for creating financial reports
Use Standard listing reports available for FSG report definitions
Create FSG Reports with XML Publisher
Use Web ADI for Financial Reporting
Explain key implementation issues regarding Oracle General Ledger financial reporting
09
Accounting Setup Manager
11 Topics
Describe the components of Ledger Processing options
Describe Secondary Ledgers & Reporting Currencies
Describe Accounting Setup considerations with one legal entity
Describe Accounting Setup considerations with multiple legal entities
Describe Accounting Setup considerations with no legal entities
Create Accounting Setups
Describe the various Subledger Accounting Options
Perform the Primary Ledger Setup steps
Describe Ledger Balancing Segment Value Assignments
Perform the Secondary Ledger Setup steps
Complete Accounting Setup
10
Advanced Journal Entries
18 Topics
Create Recurring Journals
Formulate Mass Allocation Journals
Describe AutoAllocations and related implementation considerations
Explain AutoScheduling
Describe the Journal Scheduling process
Describe key issues and considerations when implementing Advanced Journal Entry
Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
Identify the key implementation issues regarding consolidations
Use the features and functionality of Global Consolidation System (GCS)
Use the elements of the Consolidation Workbench
Create eliminating entries
Use Standard reports and inquiry options available for consolidations Ledger
Describe the elements required to create a ledger within Oracle General Ledger
Describe the basic components of Accounting Setup
Describe the important elements for creating a Chart of Accounts structure
Creating a new Accounting Flexfield structure
Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
11
Summary Accounts
5 Topics
Explain summary accounts and how they are used in General Ledger
Define How Parent Values/Rollup Groups are used in General Ledger
Determine how Summary Templates are used
Use Budgetary Control & maintain Summary accounts
Plan and maintain Summary Account structures
12
Financial Budgeting
12 Topics
Explain the anatomy of a budget
Explain the components of budget accounting cycle
Define budget and budget organization
Explain Budget Entry methods
Apply Budget Rules
Transfer budget amounts
Perform budget review and correction
Translate budget balances
Review balances in Master/Detail budgets
Create budgets with Budget Wizards
Use available Standard budget reports
Plan Budget implementation requirements
13
Period Close
6 Topics
Explain the accounting cycle
Perform key steps in the close process
Perform journal import of subledger balances
Perform Subledger Reconciliation
Explain the Period Closing Process and Reports
Consolidate account balances
FAQs

Frequently Asked Questions

Who should take the 1Z0-516 exam?
Functional consultants and finance team members who implement and support Oracle E-Business Suite R12.1 General Ledger.
Do I need prerequisites for this exam?
There is no mandatory prerequisite, but hands-on experience with R12 navigation, flexfields and accounting setup is strongly recommended.
Is the 1Z0-516 exam proctored?
Yes. The exam is delivered as a proctored online exam, monitored to validate candidate identity and exam integrity.
What topics carry the most weight in this exam?
Oracle General Ledger Process, Accounting Setup Manager, and Advanced Journal Entries form a significant portion of the exam.
What can I pursue after 1Z0-516?
This certification is a strong foundation for Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517) and other EBS Financials certifications.
How is the exam scored?
The exam consists of 64 multiple choice questions to be completed in 120 minutes, with a passing score of 60%.
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Become an Oracle E-Business Suite R12.1 General Ledger Certified Specialist

Join Zetlan Technologies' Oracle E-Business Suite R12.1 General Ledger Essentials course and build the functional skills needed for enterprise financial accounting and reporting.

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