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Oracle 1Z1-516 exam is designed for professionals who work with Oracle E-Business Suite (EBS) R12.1 General Ledger Essentials. 1Z1-516 exam tests your understanding of foundational concepts related to accounting, financial reporting, and financial management. The Oracle 1Z1-516 exam is intended for professionals working as financial managers or consultants and who are responsible for maintaining the financial infrastructure of an organization.

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Oracle 1Z1-516 Exam Syllabus Topics:

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

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