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

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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.

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

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

The following will be discussed here:

  • Enter data using Forms
  • Search for data using Forms
  • Log out of Oracle Applications
  • Explain shared entities within R12 E-Business Suite
  • Choose a responsibility
  • Run and monitor Reports and Programs
  • Shared Entities and Integration
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • E-business Essentials
  • Describe key integration points and business flows between products in E-Business Suite (EBS)
  • Navigate from Personal Home Page to Applications
  • Log in to Oracle Applications
  • Create Favorites and set Preferences
  • Use Forms and Menus
  • Access online Help
  • Navigating in R12 Oracle Applications

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Account Management- Account Reconciliation
  • 1. Clearing accounts
    • 2. Reconciliation processes
      - Budgeting
      • 1. Budget creation and maintenance
        • 2. Budgetary control
          General Ledger Setup- Ledger Configuration
          • 1. Accounting calendar definition
            • 2. Ledger creation and structure setup
              - Chart of Accounts
              • 1. Segment structure design
                • 2. Value sets and flexfields
                  Journal Processing- Journal Approval and Posting
                  • 1. Posting processes
                    • 2. Approval workflows
                      - Journal Entry Management
                      • 1. Recurring journals
                        • 2. Manual journal entries
                          Period Close Process- Month-End Closing
                          • 1. Period close activities
                            • 2. Adjusting entries
                              Financial Reporting- Reporting Tools
                              • 1. Financial Statement Generator (FSG)
                                • 2. Ad hoc reporting
                                  - Standard Reports
                                  • 1. Financial statements
                                    • 2. Trial balance reports

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