Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups
The following will be discussed here:
- Perform the Primary Ledger Setup steps
- Use the elements of the Consolidation Workbench
- Create Accounting Setups
- Complete Accounting Setup
- Create eliminating entries
- Describe the important elements for creating a Chart of Accounts structure
- Use the features and functionality of Global Consolidation System (GCS)
- Consolidations
- Identify the key implementation issues regarding consolidations
- Accounting Setups
- Creating a new Accounting Flexfield structure
- Describe the elements required to create a ledger within Oracle General Ledger
- Describe the basic components of Accounting Setup
- Use Standard reports and inquiry options available for consolidations Ledger
- Perform the Secondary Ledger Setup steps
- Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
- Describe the various Subledger Accounting Options
- Describe Ledger Balancing Segment Value Assignments
- Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12
The following will be discussed here:
- Describe R12 E-Business Suite architecture
- Describe Flexfields and their components
- Import journal entry information using the GL_INTERFACE table
- Identify the steps to implement a Flexfield
- Describe the different Journal Posting options
- Utilize Web ADI profile options, forms functions, menus, and responsibilities
- Fundamentals of Flexfields
- Describe the benefits of R12 E-Business Suite
- Explain Workflow concepts
- Define Key Flexfields
- Describe how journal entries are positioned in the accounting cycle
- Define Web ADI setup options for key flexfields
- Explain the footprint of R12 E-Business Suite
- Define Descriptive Flexfields
- Plan the key elements of Web Applications Desktop Integrator (Web ADI)
- Define value sets and values
- Introduction to Oracle Applications R12
- Describe the benefits of Workflow
- Fundamentals of Workflow and Alerts
- Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
- Basic Journal Entries
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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516
This certification is for:
- Administrators
- Business Users
- 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.
Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting | - Reporting Tools
|
| Topic 2: Journal Processing | - Journal Approval and Posting
|
| Topic 3: Account Management | - Account Reconciliation
|
| Topic 4: Period Close Process | - Month-End Closing
|
| Topic 5: General Ledger Setup | - Ledger Configuration
|
