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Updated: Sep 13, 2026

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

The following will be discussed here:

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

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
Related Certifications:Oracle General Ledger Certified Implementation Specialist
Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist
Exam Duration:120 minutes
Available Languages:English
Real Exam Qty:64
Exam Format:Multiple Choice
Passing Score:60%
Sample Questions:Oracle 1Z0-516 Sample Questions
Exam Way:Pearson VUE testing center or Oracle-authorized exam delivery platform.
Pre Condition:Recommended for Oracle Partner Network members and implementation consultants with experience in Oracle E-Business Suite Financial Management modules. No mandatory prerequisite exam published.
Official Syllabus URL:https://education.oracle.com/oracle-e-business-suite-r12-1-general-ledger-essentials/pexam_1Z0-516

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

  • Fundamentals of Workflow and Alerts
  • Define Key Flexfields
  • Import journal entry information using the GL_INTERFACE table
  • Fundamentals of Flexfields
  • Define value sets and values
  • Define Descriptive Flexfields
  • Explain the footprint of R12 E-Business Suite
  • Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
  • Introduction to Oracle Applications R12
  • Describe how journal entries are positioned in the accounting cycle
  • Describe the benefits of Workflow
  • Describe Flexfields and their components
  • Plan the key elements of Web Applications Desktop Integrator (Web ADI)
  • Explain Workflow concepts
  • Identify the steps to implement a Flexfield
  • Describe the benefits of R12 E-Business Suite
  • Basic Journal Entries
  • Utilize Web ADI profile options, forms functions, menus, and responsibilities
  • Describe R12 E-Business Suite architecture
  • Describe the different Journal Posting options
  • Define Web ADI setup options for key flexfields

Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Administrators
  • Implementers
  • Business Users

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. This is done 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.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

Oracle 1Z0-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: E-Business Essentials- Shared Entities and Integration
  • 1. Shared Data Model
  • 2. Integration Across Financial Modules
- Fundamentals of Flexfields
  • 1. Key Flexfields
  • 2. Descriptive Flexfields
- Fundamentals of Multi-Org
  • 1. Business Group and Operating Unit Concepts
  • 2. Enhanced Multi-Org Access Control
- Introduction to Oracle Applications R12
  • 1. E-Business Suite Footprint and Components
  • 2. Oracle E-Business Suite Architecture and Navigation
Topic 2: General Ledger- Financial Budgeting
  • 1. Budget Control and Analysis
  • 2. Budget Definition and Maintenance
- Accounting Setups
  • 1. Ledger Configuration
  • 2. Currency Configuration
  • 3. Chart of Accounts Structure
  • 4. Accounting Calendar Setup
- Advanced Security
  • 1. Ledger and Legal Entity Security
  • 2. Data Access Sets
- Journal Processing
  • 1. Mass Allocations
  • 2. Journal Entry Creation
  • 3. Journal Approval and Posting
  • 4. Recurring Journals
- Financial Reporting
  • 1. General Ledger Reporting
  • 2. Account Analysis and Inquiry
  • 3. Financial Statement Generator
- Consolidations
  • 1. Ledger Consolidation Concepts
  • 2. Consolidation Processing

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