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How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

Introduction

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.

This certification is for:

• Business Users
• Implementers
• Administrators

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

The following will be discussed here:

• Use key elements of the Financial Statement Generator (FSG) for creating financial reports
• Use Standard listing reports available for FSG report definitions
• Use Web ADI for Financial Reporting
• Explain key implementation issues regarding Oracle General Ledger financial reporting
• Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
• Create FSG Reports with XML Publisher
• Financial Reporting
• Build basic reports

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

What is Implementation Essentials 1z0-516 Certification Exam and Retake policy

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.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

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

The following will be discussed here:

• Create eliminating entries
• Perform the Secondary Ledger Setup steps
• Consolidations
• Use the elements of the Consolidation Workbench
• Use Standard reports and inquiry options available for consolidations Ledger
• Describe Ledger Balancing Segment Value Assignments
• Perform the Primary Ledger Setup steps
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
• Complete Accounting Setup
• Describe the basic components of Accounting Setup
• Describe the elements required to create a ledger within Oracle General Ledger
• Accounting Setups
• Identify the key implementation issues regarding consolidations
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Describe the important elements for creating a Chart of Accounts structure
• Describe the various Subledger Accounting Options
• Create Accounting Setups
• Creating a new Accounting Flexfield structure
• Use the features and functionality of Global Consolidation System (GCS)

Oracle 1Z1-516 Exam Syllabus Topics: