Oracle 1Z0-516 : Oracle EBS R12.1 General Ledger Essentials

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Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.

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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:

• Accounting Setup Manager
• Describe Accounting Setup considerations with one legal entity
• Describe Accounting Setup considerations with no legal entities
• Describe AutoAllocations and related implementation considerations
• Advanced Journal Entries
• Describe Secondary Ledgers & Reporting Currencies
• Formulate Mass Allocation Journals
• Create Recurring Journals
• Describe the components of Ledger Processing options
• Describe Accounting Setup considerations with multiple legal entities

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

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

The following will be discussed here:

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

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