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Updated: Sep 19, 2026

No. of Questions: 180 Questions & Answers with Testing Engine

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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:

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

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

The following will be discussed here:

  • Use Standard listing reports available for FSG report definitions
  • Financial Reporting
  • Use Web ADI for Financial Reporting
  • Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
  • Create FSG Reports with XML Publisher
  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports
  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Build basic reports

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

Oracle 1Z0-516 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle E-Business Suite R12.1 General Ledger Essentials
Exam Number:1Z0-516
Exam Format:Multiple Choice Questions
Related Certifications:Oracle E-Business Suite R12 Financials
Available Languages:English
Exam Duration:120 minutes
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

Difficulty in Attempting Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

If the user has successfully passed the 1z0-516 practice exam and has been through 1z0-516 exam dumps then the certification exam will not be too much difficult as the user has shown aptitude for understanding complicated processes.

Oracle 1Z0-516 Exam Syllabus Topics:

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

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