Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups
The following will be discussed here:
- Creating a new Accounting Flexfield structure
- Complete Accounting Setup
- Describe the important elements for creating a Chart of Accounts structure
- Describe the basic components of Accounting Setup
- Use the elements of the Consolidation Workbench
- Use Standard reports and inquiry options available for consolidations Ledger
- Use the features and functionality of Global Consolidation System (GCS)
- Consolidations
- Accounting Setups
- Perform the Primary Ledger Setup steps
- Describe the various Subledger Accounting Options
- Perform the Secondary Ledger Setup steps
- Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
- Describe the elements required to create a ledger within Oracle General Ledger
- Create eliminating entries
- Identify the key implementation issues regarding consolidations
- Describe Ledger Balancing Segment Value Assignments
- Create Accounting Setups
- Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
Introduction
The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.
You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.
This certification is for:
- Business Users
- Administrators
- Implementers
Difficulty in Attempting Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
If the user has successfully passed the 1z0-516 practice exam and has been through 1z0-516 exam dumps then the certification exam will not be too much difficult as the user has shown aptitude for understanding complicated processes.
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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:
- Identify the steps required to complete the accounting cycle using Oracle General Ledger
- Oracle General Ledger Process
- Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
- Manage Data Access Security for Legal Entities and Ledgers
- Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
- Explain key Advanced Security setups and process
- Control security of Management Reporting
- Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
- Advanced Security
- Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
- Manage Data Access Sets
Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Setup and Security | 25% | - Use Accounting Setup Manager - Create and manage chart of accounts - Implement data access security - Define ledgers and ledger sets |
| Topic 2: Budgeting, Reporting and Period Close | 20% | - Execute period-end and year-end closing - Set up and maintain budgets - Use summary accounts and balances - Generate financial reports |
| Topic 3: Multi-Currency and Consolidations | 15% | - Define and use multiple currencies - Perform consolidations and elimination sets - Translate and revalue balances |
| Topic 4: E-Business Essentials | 20% | - Navigate R12 Oracle Applications - Explain Multi-Org fundamentals - Understand flexfields and Web ADI - Describe E-Business Suite architecture and shared entities |
| Topic 5: Journal Processing | 20% | - Manage recurring and mass allocation journals - Handle journal reversals and approvals - Create, review, and post journal entries |
