The advantages of passing the Oracle Oracle EBS R12.1 General Ledger Essentials exam
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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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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting
The following will be discussed here:
- Use available Standard budget reports
- Transfer budget amounts
- Explain Budget Entry methods
- Review balances in Master/Detail budgets
- Create budgets with Budget Wizards
- Apply Budget Rules
- Explain the anatomy of a budget
- Translate budget balances
- Plan Budget implementation requirements
- Explain the components of budget accounting cycle
- Perform budget review and correction
- Define budget and budget organization
- Financial Budgeting
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Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| E-Business Essentials | 20% | - Understand flexfields and Web ADI - Describe E-Business Suite architecture and shared entities - Navigate R12 Oracle Applications - Explain Multi-Org fundamentals |
| Journal Processing | 20% | - Handle journal reversals and approvals - Create, review, and post journal entries - Manage recurring and mass allocation journals |
| Multi-Currency and Consolidations | 15% | - Translate and revalue balances - Perform consolidations and elimination sets - Define and use multiple currencies |
| Budgeting, Reporting and Period Close | 20% | - Use summary accounts and balances - Generate financial reports - Set up and maintain budgets - Execute period-end and year-end closing |
| Accounting Setup and Security | 25% | - Create and manage chart of accounts - Use Accounting Setup Manager - Define ledgers and ledger sets - Implement data access security |
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