Exam Code: 1Z0-516
Exam Name: Oracle EBS R12.1 General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Other Oracle Certification

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Updated: Jul 31, 2026

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

The following will be discussed here:

Create budgets with Budget Wizards
Review balances in Master/Detail budgets
Transfer budget amounts
Explain the anatomy of a budget
Explain the components of budget accounting cycle
Apply Budget Rules
Define budget and budget organization
Plan Budget implementation requirements
Perform budget review and correction
Explain Budget Entry methods
Translate budget balances
Use available Standard budget reports
Financial Budgeting

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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 Duration:	120 minutes
Available Languages:	English
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

Oracle 1Z0-516 Exam Syllabus Topics:

Section	Objectives
Topic 1: Financial Reporting	- Standard Reports 1. Financial statements 2. Trial balance reports - Reporting Tools 1. Ad hoc reporting 2. Financial Statement Generator (FSG)
Topic 2: Journal Processing	- Journal Entry Management 1. Manual journal entries 2. Recurring journals - Journal Approval and Posting 1. Posting processes 2. Approval workflows
Topic 3: Account Management	- Budgeting 1. Budgetary control 2. Budget creation and maintenance - Account Reconciliation 1. Clearing accounts 2. Reconciliation processes
Topic 4: Period Close Process	- Month-End Closing 1. Period close activities 2. Adjusting entries
Topic 5: General Ledger Setup	- Chart of Accounts 1. Segment structure design 2. Value sets and flexfields - Ledger Configuration 1. Ledger creation and structure setup 2. Accounting calendar definition

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