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Oracle EBS R12.1 General Ledger Essentials exam consists of 85 questions, and applicants have 120 minutes to complete the test. Multiple choice, matching, and scenario-based questions test the candidates' understanding of the concepts underlying the platform, and their ability to apply that knowledge practically. 1Z1-516 exam is only available in English and is proctored online. 1Z1-516 exam's format effectively evaluates an individual's skills in identifying accounting principles, setting up chart of accounts, and publishing financial reports.
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The Oracle EBS R12.1 General Ledger Essentials certification is designed for financial and accounting professionals, system administrators, consultants, and developers who work with the Oracle EBS R12 General Ledger module. 1Z1-516 exam covers various topics, including the setup and configuration of the general ledger, maintaining currencies and exchange rates, journal entries, budgets, and financial reporting. Candidates should have a solid understanding of accounting principles, practices, and concepts and experience working with Oracle EBS R12.1.
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Oracle 1Z0-516 certification exam is a computer-based test that consists of 80 multiple-choice questions. Candidates are given two hours to complete the exam. The questions in the exam are designed to test the candidate's knowledge and skills in areas such as creating and managing journals, managing budgets, and conducting period-end closing procedures.
Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Setup and Security | 25% | - Define ledgers and ledger sets - Use Accounting Setup Manager - Implement data access security - Create and manage chart of accounts |
| Topic 2: Journal Processing | 20% | - Create, review, and post journal entries - Handle journal reversals and approvals - Manage recurring and mass allocation journals |
| Topic 3: Budgeting, Reporting and Period Close | 20% | - Generate financial reports - Set up and maintain budgets - Execute period-end and year-end closing - Use summary accounts and balances |
| Topic 4: Multi-Currency and Consolidations | 15% | - Define and use multiple currencies - Translate and revalue balances - Perform consolidations and elimination sets |
| Topic 5: E-Business Essentials | 20% | - Describe E-Business Suite architecture and shared entities - Explain Multi-Org fundamentals - Understand flexfields and Web ADI - Navigate R12 Oracle Applications |
