- Exam Code: 1Z1-516
- Exam Name: Oracle EBS R12.1 General Ledger Essentials
- Updated: Nov 06, 2026
- Q & A: 180 Questions and Answers
Oracle 1Z1-516 actual dump : Oracle EBS R12.1 General Ledger Essentials
PDF Version DemoAbout Oracle 1Z1-516 Exam Questions
Reviewing your mistakes is where progress actually happens. With the printable PDF of the 1Z1-516 question bank, you can revisit every error on paper, and Actual4Dumps includes 180 verified practice questions.
Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Setup and Security | 25% | - Define ledgers and ledger sets - Implement data access security - Use Accounting Setup Manager - Create and manage chart of accounts |
| Topic 2: Budgeting, Reporting and Period Close | 20% | - Execute period-end and year-end closing - Use summary accounts and balances - Set up and maintain budgets - Generate financial reports |
| Topic 3: E-Business Essentials | 20% | - Describe E-Business Suite architecture and shared entities - Explain Multi-Org fundamentals - Navigate R12 Oracle Applications - Understand flexfields and Web ADI |
| Topic 4: Journal Processing | 20% | - Handle journal reversals and approvals - Create, review, and post journal entries - Manage recurring and mass allocation journals |
| Topic 5: Multi-Currency and Consolidations | 15% | - Define and use multiple currencies - Translate and revalue balances - Perform consolidations and elimination sets |
1Z1-516 Exam Practice FAQ
The Oracle EBS R12.1 General Ledger Essentials exam contains 64 questions, and you will have 120 minutes minutes to complete them. Practicing within the same limits builds the pacing the real exam demands.
This package includes 180 practice questions for the Oracle EBS R12.1 General Ledger Essentials exam. Every answer is verified by an experienced team of experts, so you can trust what you study.
The PDF version downloads in seconds and prints cleanly, so you can read on paper, flip through the pages freely, and write notes in the margins as you go. Marking each mistake on paper makes review sessions concrete: you see exactly which questions tripped you up and which topics need another round.
The Oracle EBS R12.1 General Ledger Essentials practice questions are organized around the official exam objectives. Key topics include:
- Accounting Setup and Security (25%)
- Multi-Currency and Consolidations (15%)
- Journal Processing (20%)
Use your printed pages to flag the topics that give you trouble, then focus your next session there.
You can register for the Oracle EBS R12.1 General Ledger Essentials exam through the official channels:
The Oracle EBS R12.1 General Ledger Essentials exam requires a score of 60% to pass, and the official registration fee is USD 245 (may vary by region). Because the fee is significant, preparing thoroughly the first time is the practical choice.
The Oracle EBS R12.1 General Ledger Essentials exam is scored on a scale where 60% is required to pass, and the official exam fee is USD 245 (may vary by region).
No mandatory prerequisites; recommended: hands-on experience with Oracle EBS R12.1 Financials
You can confirm the current eligibility requirements on the official 1Z1-516 exam page before you register.
Many candidates combine practice questions with official training. Recommended options include:
If you learn best with physical pages, the PDF version is built for you. Print the full 180 practice questions for the 1Z1-516 exam, work through them anywhere without a device, and keep your annotated pages as a personal review guide. The PC and online versions remain available whenever you want interactive practice.
Oracle EBS R12.1 General Ledger Essentials Sample Questions:
Question #1
What two options do you have when searching for multiple parts on the Parts Administration page? (Choose two.)
- A. Use "*" and/or "?" as wildcards
- B. You can leave the field empty, which will return all parts
- C. Use regular expressions (RegEx) to describe a search pattern
- D. Type the start string of a part number. The search will return all parts starting with this text
- E. Use "_" and/or "%" as wildcards
Correct Answer: C,D 🗳️
Question #2
Select two statements that are correct for the secondary tracking segment. (Choose two.)
- A. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.
- B. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
- C. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
- D. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.
- E. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
Correct Answer: C,E 🗳️
Question #3
Which two items are necessary to migrate between environments? (Choose two.)
- A. Environments must be on the same major release (for example, 2016R2)
- B. Entities to be migrated must be deployed within 24 hours of the migration
- C. Environments must have similar urls (for example, testcustomer and devcustomer)
- D. Environments must be on the same minor release (for example, 2016R2 update 2)
- E. Administrators must have FullAccess logins for both environments
Correct Answer: D,E 🗳️
Question #4
When doing a part search from home page, you have the Create Quote button to create a new Transaction.
How do you change the label of this button?
- A. Go to the Process Invocation admin page, open the Part Search Results page, and change the name of the action that has the type "Start"
- B. Open the Commerce Process admin page, navigate to Process Actions, and change the label of the "_action_new_transaction" action
- C. Go to the Process Invocation admin page, open the Part Search Results page, select navigation "Rules" of the action that has the type "Start", and change the name of the invocation rule which points to the right commerce process
- D. Open the Text Administration admin page, go to "C", change the entry "Create Quote" and enter "Translated Text"
Correct Answer: B 🗳️
Question #5
Which three discount types are available in pricing? (Choose three.)
- A. amount discount
- B. promotion discount
- C. quantity-dependent discount
- D. absolute price
- E. percent discount
Correct Answer: A,C,E 🗳️
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