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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager
The following will be discussed here:
- Describe the components of Ledger Processing options
- Describe Accounting Setup considerations with no legal entities
- Create Recurring Journals
- Describe AutoAllocations and related implementation considerations
- Formulate Mass Allocation Journals
- Advanced Journal Entries
- Accounting Setup Manager
- Describe Accounting Setup considerations with one legal entity
- Describe Accounting Setup considerations with multiple legal entities
- Describe Secondary Ledgers & Reporting Currencies
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process
The following will be discussed here:
- Advanced Security
- Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
- Manage Data Access Sets
- Control security of Management Reporting
- Identify the steps required to complete the accounting cycle using Oracle General Ledger
- Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
- Explain key Advanced Security setups and process
- Oracle General Ledger Process
- Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
- Manage Data Access Security for Legal Entities and Ledgers
- Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
For more info read reference:
1z0-516 Official Certification Site
Oracle Cloud Learning Resources
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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516
This certification is for:
- Business Users
- Implementers
- Administrators
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.
Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Multi-Currency and Consolidations | 15% | - Define and use multiple currencies - Translate and revalue balances - Perform consolidations and elimination sets |
| Topic 2: 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 3: Journal Processing | 20% | - Manage recurring and mass allocation journals - Create, review, and post journal entries - Handle journal reversals and approvals |
| Topic 4: 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 5: E-Business Essentials | 20% | - Describe E-Business Suite architecture and shared entities - Understand flexfields and Web ADI - Explain Multi-Org fundamentals - Navigate R12 Oracle Applications |
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