• Exam Code: 1Z1-516
  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Other Oracle Certification
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

  • Import journal entry information using the GL_INTERFACE table
  • Utilize Web ADI profile options, forms functions, menus, and responsibilities
  • Basic Journal Entries
  • Explain Workflow concepts
  • Define value sets and values
  • Describe the benefits of R12 E-Business Suite
  • Describe Flexfields and their components
  • Define Web ADI setup options for key flexfields
  • Fundamentals of Workflow and Alerts
  • Describe R12 E-Business Suite architecture
  • Describe the different Journal Posting options
  • Explain the footprint of R12 E-Business Suite
  • Describe the benefits of Workflow
  • Identify the steps to implement a Flexfield
  • Describe how journal entries are positioned in the accounting cycle
  • Define Descriptive Flexfields
  • Define Key Flexfields
  • Introduction to Oracle Applications R12
  • Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
  • Plan the key elements of Web Applications Desktop Integrator (Web ADI)
  • Fundamentals of Flexfields

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Difficulty in Attempting Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516

If the user has successfully passed the 1z0-516 practice exam and has been through 1z0-516 exam dumps then the certification exam will not be too much difficult as the user has shown aptitude for understanding complicated processes.

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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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:

  • Administrators
  • Implementers
  • Business Users

Oracle 1Z1-516 Exam Syllabus Topics:

SectionWeightObjectives
E-Business Essentials20%- Understand flexfields and Web ADI
- Explain Multi-Org fundamentals
- Navigate R12 Oracle Applications
- Describe E-Business Suite architecture and shared entities
Journal Processing20%- Handle journal reversals and approvals
- Manage recurring and mass allocation journals
- Create, review, and post journal entries
Accounting Setup and Security25%- Create and manage chart of accounts
- Define ledgers and ledger sets
- Use Accounting Setup Manager
- Implement data access security
Multi-Currency and Consolidations15%- Define and use multiple currencies
- Translate and revalue balances
- Perform consolidations and elimination sets
Budgeting, Reporting and Period Close20%- Execute period-end and year-end closing
- Set up and maintain budgets
- Generate financial reports
- Use summary accounts and balances

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