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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Explain key Advanced Security setups and process
  • Control security of Management Reporting
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Manage Data Access Sets
  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Manage Data Access Security for Legal Entities and Ledgers
  • Advanced Security
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Oracle General Ledger Process

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

  • Basic Journal Entries
  • Define Key Flexfields
  • Plan the key elements of Web Applications Desktop Integrator (Web ADI)
  • Describe the different Journal Posting options
  • Define value sets and values
  • Describe R12 E-Business Suite architecture
  • Identify the steps to implement a Flexfield
  • Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
  • Describe the benefits of Workflow
  • Describe the benefits of R12 E-Business Suite
  • Utilize Web ADI profile options, forms functions, menus, and responsibilities
  • Explain Workflow concepts
  • Define Descriptive Flexfields
  • Fundamentals of Flexfields
  • Describe how journal entries are positioned in the accounting cycle
  • Define Web ADI setup options for key flexfields
  • Fundamentals of Workflow and Alerts
  • Explain the footprint of R12 E-Business Suite
  • Introduction to Oracle Applications R12
  • Import journal entry information using the GL_INTERFACE table
  • Describe Flexfields and their components

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

What is Implementation Essentials 1z0-516 Certification Exam and Retake policy

Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
General Ledger- Consolidations
  • 1. Consolidation Processing
  • 2. Ledger Consolidation Concepts
- Financial Reporting
  • 1. Account Analysis and Inquiry
  • 2. General Ledger Reporting
  • 3. Financial Statement Generator
- Accounting Setups
  • 1. Accounting Calendar Setup
  • 2. Ledger Configuration
  • 3. Currency Configuration
  • 4. Chart of Accounts Structure
- Financial Budgeting
  • 1. Budget Definition and Maintenance
  • 2. Budget Control and Analysis
- Journal Processing
  • 1. Recurring Journals
  • 2. Journal Entry Creation
  • 3. Journal Approval and Posting
  • 4. Mass Allocations
- Advanced Security
  • 1. Data Access Sets
  • 2. Ledger and Legal Entity Security
E-Business Essentials- Shared Entities and Integration
  • 1. Integration Across Financial Modules
  • 2. Shared Data Model
- Fundamentals of Multi-Org
  • 1. Business Group and Operating Unit Concepts
  • 2. Enhanced Multi-Org Access Control
- Introduction to Oracle Applications R12
  • 1. E-Business Suite Footprint and Components
  • 2. Oracle E-Business Suite Architecture and Navigation
- Fundamentals of Flexfields
  • 1. Key Flexfields
  • 2. Descriptive Flexfields

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