Try and practice the latest Oracle : 1Z0-516 real questions & answers
Updated: Aug 01, 2026
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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 Foreign currency journals Entry
- Explain Multi-Currency concepts
- Multi-Currency
- Perform Revaluation of foreign currency balances
- Translate functional balances into foreign currency
- Describe overview of Secondary Tracking Segment
- Use Foreign Currency Reports
- Use Currency Rate Manager
Average Salary of Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516Certified Professionals
The average salary:
- Europe - 100,440 EURO
- England - 75,267 POUND
- United State - 151,682 USD
- India - 6,71,117 INR
Oracle 1Z0-516 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle E-Business Suite R12.1 General Ledger Essentials |
| Exam Number: | 1Z0-516 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice Questions |
| Related Certifications: | Oracle E-Business Suite R12 Financials |
| Recommended Training: | Oracle E-Business Suite Financials Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | Oracle 1Z0-516 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 |
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups
The following will be discussed here:
- Describe the basic components of Accounting Setup
- Describe the elements required to create a ledger within Oracle General Ledger
- Describe Ledger Balancing Segment Value Assignments
- Consolidations
- Describe the various Subledger Accounting Options
- Describe the important elements for creating a Chart of Accounts structure
- Identify the key implementation issues regarding consolidations
- Use the elements of the Consolidation Workbench
- Use the features and functionality of Global Consolidation System (GCS)
- Accounting Setups
- Complete Accounting Setup
- Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
- Creating a new Accounting Flexfield structure
- Use Standard reports and inquiry options available for consolidations Ledger
- Create eliminating entries
- Perform the Secondary Ledger Setup steps
- Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
- Perform the Primary Ledger Setup steps
- Create Accounting Setups
Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Setup | - Ledger Configuration
|
| Period Close Process | - Month-End Closing
|
| Financial Reporting | - Reporting Tools
|
| Journal Processing | - Journal Approval and Posting
|
| Account Management | - Budgeting
|
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