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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
• Describe overview of Secondary Tracking Segment
• Multi-Currency
• Translate functional balances into foreign currency
• Use Currency Rate Manager
• Perform Foreign currency journals Entry
• Perform Revaluation of foreign currency balances
• Explain Multi-Currency concepts

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

• Advanced Security
• Explain key Advanced Security setups and process
• Manage Data Access Sets
• 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 how Oracle General Ledger integrates with other Oracle eBusiness applications
• Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
• Oracle General Ledger Process
• Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
• Manage Data Access Security for Legal Entities and Ledgers
• Control security of Management Reporting

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

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Certification Path

Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 is a fundamental exam. Successful completion by candidates will allow them to achieve Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger status.

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

The following will be discussed here:

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

Oracle 1Z0-516 Exam Syllabus Topics: