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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:
- Implementers
- Administrators
- Business Users
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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 Foreign Currency Reports
- Perform Foreign currency journals Entry
- Multi-Currency
- Perform Revaluation of foreign currency balances
- Use Currency Rate Manager
- Translate functional balances into foreign currency
- Describe overview of Secondary Tracking Segment
- Explain Multi-Currency concepts
Oracle 1Z1-516 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 |
| Accounting Setup and Security | 25% | - Create and manage chart of accounts - Use Accounting Setup Manager - Implement data access security - Define ledgers and ledger sets |
| Budgeting, Reporting and Period Close | 20% | - Set up and maintain budgets - Use summary accounts and balances - Generate financial reports - Execute period-end and year-end closing |
| E-Business Essentials | 20% | - Describe E-Business Suite architecture and shared entities - Explain Multi-Org fundamentals - Understand flexfields and Web ADI - Navigate R12 Oracle Applications |
| Multi-Currency and Consolidations | 15% | - Translate and revalue balances - Define and use multiple currencies - Perform consolidations and elimination sets |
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