Purchase Oracle : 1Z0-516 Exam Materials and then pass exam easily

Last Updated: Sep 13, 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 Oracle General Ledger Process

The following will be discussed here:

  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Manage Data Access Sets
  • Oracle General Ledger Process
  • Advanced Security
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Control security of Management Reporting
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
  • Manage Data Access Security for Legal Entities and Ledgers
  • Explain key Advanced Security setups and process
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite

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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager

The following will be discussed here:

  • Describe the components of Ledger Processing options
  • Advanced Journal Entries
  • Create Recurring Journals
  • Formulate Mass Allocation Journals
  • Describe AutoAllocations and related implementation considerations
  • Describe Secondary Ledgers & Reporting Currencies
  • Describe Accounting Setup considerations with multiple legal entities
  • Accounting Setup Manager
  • Describe Accounting Setup considerations with no legal entities
  • Describe Accounting Setup considerations with one legal entity

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Oracle 1Z0-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Entry Management
  • 1. Manual journal entries
    • 2. Recurring journals
      - Journal Approval and Posting
      • 1. Approval workflows
        • 2. Posting processes
          Topic 2: 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
                  Topic 3: Financial Reporting- Standard Reports
                  • 1. Financial statements
                    • 2. Trial balance reports
                      - Reporting Tools
                      • 1. Ad hoc reporting
                        • 2. Financial Statement Generator (FSG)
                          Topic 4: Period Close Process- Month-End Closing
                          • 1. Adjusting entries
                            • 2. Period close activities
                              Topic 5: Account Management- Account Reconciliation
                              • 1. Reconciliation processes
                                • 2. Clearing accounts
                                  - Budgeting
                                  • 1. Budgetary control
                                    • 2. Budget creation and maintenance
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