Exam Name: Oracle EBS R12.1 General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Other Oracle Certification
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- Total Questions: 180
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Oracle 1Z1-516 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle E-Business Suite R12.1 General Ledger Essentials |
| Exam Number: | 1Z0-516 |
| Available Languages: | English |
| Related Certifications: | Oracle E-Business Suite R12 Financials |
| Exam Format: | Multiple Choice Questions |
| Exam Duration: | 120 minutes |
| Recommended Training: | Oracle E-Business Suite Financials Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | DOWNLOAD DEMO |
| 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 1Z1-516 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close Process | - Month-End Closing
|
| Topic 2: General Ledger Setup | - Chart of Accounts
|
| Topic 3: Financial Reporting | - Standard Reports
|
| Topic 4: Account Management | - Account Reconciliation
|
| Topic 5: Journal Processing | - Journal Approval and Posting
|
Frequently Asked Questions About the Oracle EBS R12.1 General Ledger Essentials Exam
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Computer-based proctored exam (online or test center depending on Oracle testing provider) Registration for the Oracle EBS R12.1 General Ledger Essentials exam is handled through these official channels:
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The 1Z1-516 exam is a Oracle certification exam validating the skills in the Oracle EBS R12.1 General Ledger Essentials syllabus shown above. It counts toward these credential paths: Oracle E-Business Suite R12 Financials. Candidates at many career stages take it in 2026 to demonstrate verified capability. PrepAwayPDF prepares you with 180 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.
Everything, in one purchase: 180 practice questions for the Oracle EBS R12.1 General Ledger Essentials exam in three formats — a printable, expert-prepared PDF with instant download; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. You also receive a free demo, 365 days of free updates from a team that keeps innovating on the material, a 50% renewal discount afterward, unlimited installations, and considerate pre-sale and after-sale service.
Question counts and time limits are published by Oracle; check the official exam page for current details.
Recommended familiarity with Oracle E-Business Suite Financials and basic accounting principles. Since policies evolve, confirm the current requirements on the official Oracle exam page before you schedule.
Oracle recommends the following training for the Oracle EBS R12.1 General Ledger Essentials exam:
Supplement the training with the 180 practice questions from PrepAwayPDF — self-testing reveals what training alone cannot.
The official Oracle EBS R12.1 General Ledger Essentials outline defines 5 domains, the three largest being Account Management, General Ledger Setup, and Journal Processing. The complete list is in the topics section above, and PrepAwayPDF's 180 practice questions address every domain.
Oracle EBS R12.1 General Ledger Essentials Sample Questions:
Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses.
Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.
While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John.
Choose what Sam would have explained to John.
- A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.
- B. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make the transfer.
- C. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.
- D. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.
Correct Answer: C 🗳️
Jack is hired as an Oracle General Ledger Implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)
- A. Journal Categories form
- B. Journal approval on the Ledger Setup page
- C. key flexfields
- D. Journal Sources form
- E. Journal Encumbrance Types form
Correct Answer: B,D 🗳️
What would you do if a partner organization is no longer needed and the access of all users needs to be removed?
- A. Proxy log in as superuser, go to the list of partner organizations, and select Denied in the Access drop-down list
- B. Proxy log in as superuser, go to the list of partner organizations, and select the partner organization and delete it
- C. Open the list of partner organizations and set the value of Maximum Users to "0"
- D. Go to the list of partner organizations, perform a proxy log in as the superuser of the partner organization, go to the list of users, select all active users, and click Inactivate
Correct Answer: D 🗳️
The management segment qualifier must be attached to which key flexfield segment?
- A. department segment
- B. future segment
- C. account segment
- D. intercompany segment
- E. company segment
Correct Answer: A 🗳️
A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.
The user can limit the list of values available to the three Operating Units by _______.
- A. requesting the system administrator to set up MO: Default Operating Unit for the responsibility
- B. setting the values for the MO: Default Operating Units at the user level profile option
- C. setting the preferred Operating Units in user preferences
- D. requesting the system administrator, to update the Operating Units in the security profile
- E. setting the values for the MO: Operating Unit at the user level profile option
Correct Answer: C 🗳️
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