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How much Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 costs

  • Examination Fees: $250 USD
  • No. of Questions: 80 Questions
  • Length of Exam: 150 min
  • Passing Score: 60% or higher
  • Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
  • Types of questions: Performance Based Questions

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

The following will be discussed here:

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

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 Multi-Currency

The following will be discussed here:

  • Translate functional balances into foreign currency
  • Perform Foreign currency journals Entry
  • Explain Multi-Currency concepts
  • Perform Revaluation of foreign currency balances
  • Use Currency Rate Manager
  • Describe overview of Secondary Tracking Segment
  • Multi-Currency
  • Use Foreign Currency Reports

For more info read reference:

1z0-516 Official Certification Site

Oracle Cloud Learning Resources

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
E-Business Essentials- Fundamentals of Multi-Org
  • 1. Business Group and Operating Unit Concepts
  • 2. Enhanced Multi-Org Access Control
- Introduction to Oracle Applications R12
  • 1. E-Business Suite Footprint and Components
  • 2. Oracle E-Business Suite Architecture and Navigation
- Fundamentals of Flexfields
  • 1. Descriptive Flexfields
  • 2. Key Flexfields
- Shared Entities and Integration
  • 1. Integration Across Financial Modules
  • 2. Shared Data Model
General Ledger- Advanced Security
  • 1. Ledger and Legal Entity Security
  • 2. Data Access Sets
- Accounting Setups
  • 1. Ledger Configuration
  • 2. Accounting Calendar Setup
  • 3. Currency Configuration
  • 4. Chart of Accounts Structure
- Journal Processing
  • 1. Journal Entry Creation
  • 2. Mass Allocations
  • 3. Journal Approval and Posting
  • 4. Recurring Journals
- Consolidations
  • 1. Consolidation Processing
  • 2. Ledger Consolidation Concepts
- Financial Budgeting
  • 1. Budget Control and Analysis
  • 2. Budget Definition and Maintenance
- Financial Reporting
  • 1. General Ledger Reporting
  • 2. Financial Statement Generator
  • 3. Account Analysis and Inquiry

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