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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:
- Use Currency Rate Manager
- Perform Revaluation of foreign currency balances
- Use Foreign Currency Reports
- Translate functional balances into foreign currency
- Perform Foreign currency journals Entry
- Explain Multi-Currency concepts
- Multi-Currency
- Describe overview of Secondary Tracking Segment
Oracle 1Z0-516 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle E-Business Suite R12.1 General Ledger Essentials |
| Exam Number: | 1Z0-516 |
| Available Languages: | English, Japanese, Simplified Chinese, Brazilian Portuguese |
| Real Exam Qty: | 64 |
| Passing Score: | 60% |
| Exam Price: | USD 245 (may vary by region) |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | No expiration (valid for EBS R12 / R12.1) |
| Recommended Training: | R12.2.9 Oracle General Ledger Management Fundamentals R12.2.9 Oracle E-Business Suite Fundamentals |
| Exam Registration: | Oracle University Pearson VUE |
| Sample Questions: | Oracle 1Z0-516 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended: hands-on experience with Oracle EBS R12.1 Financials |
| Official Syllabus URL: | https://education.oracle.com/catalogue-de-produits-ouexam-pexam_1z0-516/pexam_1Z0-516 |
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting
The following will be discussed here:
- Explain the anatomy of a budget
- Translate budget balances
- Explain Budget Entry methods
- Perform budget review and correction
- Transfer budget amounts
- Financial Budgeting
- Review balances in Master/Detail budgets
- Apply Budget Rules
- Explain the components of budget accounting cycle
- Define budget and budget organization
- Plan Budget implementation requirements
- Create budgets with Budget Wizards
- Use available Standard budget reports
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process
The following will be discussed here:
- Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
- Identify the steps required to complete the accounting cycle using Oracle General Ledger
- Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
- Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
- Explain key Advanced Security setups and process
- Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
- Manage Data Access Security for Legal Entities and Ledgers
- Oracle General Ledger Process
- Control security of Management Reporting
- Advanced Security
- Manage Data Access Sets
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:
- Implementers
- Administrators
- Business Users
Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing | 20% | - Create, review, and post journal entries - Manage recurring and mass allocation journals - Handle journal reversals and approvals |
| E-Business Essentials | 20% | - Explain Multi-Org fundamentals - Describe E-Business Suite architecture and shared entities - Navigate R12 Oracle Applications - Understand flexfields and Web ADI |
| Budgeting, Reporting and Period Close | 20% | - Execute period-end and year-end closing - Use summary accounts and balances - Set up and maintain budgets - Generate financial reports |
| Accounting Setup and Security | 25% | - Implement data access security - Use Accounting Setup Manager - Define ledgers and ledger sets - Create and manage chart of accounts |
| Multi-Currency and Consolidations | 15% | - Perform consolidations and elimination sets - Define and use multiple currencies - Translate and revalue balances |
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