Oracle EBS R12.1 General Ledger Essentials : 1Z0-516 valid dumps

1Z0-516 real exams

Exam Code: 1Z0-516

Exam Name: Oracle EBS R12.1 General Ledger Essentials

Updated: Apr 23, 2024

Q & A: 180 Questions and Answers

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 AutoScheduling

The following will be discussed here:

  • Explain AutoScheduling
  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Explain the Period Closing Process and Reports
  • Explain the accounting cycle
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Determine how Summary Templates are used
  • Perform key steps in the close process
  • Describe the Journal Scheduling process
  • Perform journal import of subledger balances
  • Period Close
  • Explain summary accounts and how they are used in General Ledger
  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Consolidate account balances
  • Use Budgetary Control & maintain Summary accounts
  • Summary Accounts
  • Perform Subledger Reconciliation
  • Plan and maintain Summary Account structures

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager

The following will be discussed here:

  • Advanced Journal Entries
  • Formulate Mass Allocation Journals
  • Describe Accounting Setup considerations with one legal entity
  • Describe the components of Ledger Processing options
  • Create Recurring Journals
  • Accounting Setup Manager
  • Describe Accounting Setup considerations with no legal entities
  • Describe Accounting Setup considerations with multiple legal entities
  • Describe AutoAllocations and related implementation considerations
  • Describe Secondary Ledgers & Reporting Currencies

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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org

The following will be discussed here:

  • Identify key implementation considerations for Multi-Org
  • Explain Enhanced Multiple-Organization Reporting
  • Explain the entities of Multi-Org
  • Explain the concepts of subledger accounting
  • Explain how Multi-Org secures data
  • Define Multi-Org Access Control
  • Explain Multi-Org preferences
  • Describe the types of organizations supported in the Multi-Org model
  • Fundamentals of Multi-Org
  • Define Multiple Organization (Multi-Org)

Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Business Users
  • Administrators
  • Implementers

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.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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