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Tight on time before your 1Z0-516 exam? PracticeTorrent packs 180 focused practice questions for the Oracle EBS R12.1 General Ledger Essentials exam into one download, so every study hour goes straight to what matters. Many candidates are exam-ready in weeks, not months.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle E-Business Suite R12.1 General Ledger Essentials |
| Exam Number: | 1Z0-516 |
| Available Languages: | Japanese, Simplified Chinese, English, Brazilian Portuguese |
| Real Exam Qty: | 64 |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Exam Price: | USD 245 (may vary by region) |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | No expiration (valid for EBS R12 / R12.1) |
| Recommended Training: | R12.2.9 Oracle General Ledger Management Fundamentals R12.2.9 Oracle E-Business Suite Fundamentals |
| Exam Registration: | Pearson VUE Oracle University |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended: hands-on experience with Oracle EBS R12.1 Financials |
| Official Syllabus URL: | https://education.oracle.com/catalogue-de-produits-ouexam-pexam_1z0-516/pexam_1Z0-516 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Setup and Security | 25% | - Use Accounting Setup Manager - Implement data access security - Define ledgers and ledger sets - Create and manage chart of accounts |
| Topic 2: E-Business Essentials | 20% | - Explain Multi-Org fundamentals - Understand flexfields and Web ADI - Navigate R12 Oracle Applications - Describe E-Business Suite architecture and shared entities |
| Topic 3: Budgeting, Reporting and Period Close | 20% | - Set up and maintain budgets - Execute period-end and year-end closing - Use summary accounts and balances - Generate financial reports |
| Topic 4: Multi-Currency and Consolidations | 15% | - Translate and revalue balances - Perform consolidations and elimination sets - Define and use multiple currencies |
| Topic 5: Journal Processing | 20% | - Handle journal reversals and approvals - Manage recurring and mass allocation journals - Create, review, and post journal entries |
The 1Z0-516 exam, officially titled Oracle EBS R12.1 General Ledger Essentials, is the qualifying test for the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification from Oracle, a credential at the Specialist / Intermediate level. Passing it proves you have the skills employers look for in certified professionals.
The Oracle EBS R12.1 General Ledger Essentials exam gives you 120 minutes to work through 64 questions. That is a steady pace with little room for second-guessing, so train yourself to read each question once, flag the difficult ones, and keep moving. Before exam day, sit at least two full timed sessions in the PracticeTorrent test engine — when the clock feels familiar, it stops being a threat.
You need 60% to pass, and the official registration fee is USD 245 (may vary by region). Fall short and you pay that fee in full again for every retake, which makes solid preparation the cheaper option by far. Work through the PracticeTorrent practice questions until you score comfortably above the passing mark, then book your seat.
No mandatory prerequisites; recommended: hands-on experience with Oracle EBS R12.1 Financials Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: Oracle 1Z0-516 exam overview.
You can book your 1Z0-516 exam through any of these official registration channels:
The exam is delivered as Online proctored or onsite at Pearson VUE test centers, so you can pick the option that fits your schedule when you book.
Oracle recommends the following training for Oracle EBS R12.1 General Ledger Essentials candidates:
Pair that training with the 180 practice questions from PracticeTorrent and you can check your readiness topic by topic before exam day.
Yes. PracticeTorrent offers a free PDF demo for the Oracle EBS R12.1 General Ledger Essentials exam so you can judge the quality of our questions and answers before paying anything. Every purchase also comes with 365 days of free updates, and once that period expires you can extend your update service at a 50% discount.
Your purchase is protected by a 100% money-back guarantee. If you sit the corresponding 1Z0-516 exam within 60 days of buying and do not pass, send us a scan of your exam enrollment slip together with your official Score Report (PDF) within 2 days of the exam date — the candidate name must match the payer's name — and we will process your full refund within 7 days. Please note that exams taken within 3 days of purchase, materials downloaded without ever sitting the exam, free products, and expired orders are not covered. If you would rather not have a refund, you can exchange your order for two exam products of equal value, free of charge, and keep the update service on your original purchase.
Delivery is instant: your files are emailed to you within one minute of payment and can also be downloaded directly, with no limit on the number of computers you install them on. If nothing has arrived within 2 hours, contact our customer service team and we will sort it out.
The Oracle EBS R12.1 General Ledger Essentials syllabus is organized into 5 domains. The main areas include E-Business Essentials (20%), Journal Processing (20%), and Multi-Currency and Consolidations (15%). Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.
What is the effect of summary accounts on the efficiency of the posting process?
Correct Answer: B 🗳️
You are asked to design a Document Designer template, which would generate an output document where users would be able to navigate to a specific section from the table of contents. This is a complex document with many sections and subsections that can go up to seven levels of parent/child relationships.
Which three steps do you need to perform to ensure that the table of contents show only two levels of the sections and subsections so that the user reviewing the document can navigate to a desired section's page and scroll further to the deeper levels? (Choose three.)
Correct Answer: C,D,E 🗳️
You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France.
The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals.
What would be the minimum number of setups needed to meet this need?
Correct Answer: B 🗳️
Identify the profile option that is required to enable Multi-Org Access Control for multiple Operating Units.
Correct Answer: B 🗳️
A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments:
Company (5 values)
Cost Centers (30 values)
Region (4 values)
Account (180 values)
The total number of cash accounts is five that are associated with two parents:
Three accounts are associated with the parent called "Checking."
Two accounts are identified with the parent called "Savings."
To combine the cash parents, you created a rollup group named "Cash."
How many accounts would the summary account template generate?
Correct Answer: C 🗳️
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