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Difficulty in Attempting Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 AutoScheduling
The following will be discussed here:
- Consolidate account balances
- Define How Parent Values/ Rollup Groups are used in General Ledger
- Use Budgetary Control & maintain Summary accounts
- Explain the Period Closing Process and Reports
- Perform key steps in the close process
- Perform Subledger Reconciliation
- Summary Accounts
- Explain the accounting cycle
- Plan and maintain Summary Account structures
- Explain summary accounts and how they are used in General Ledger
- Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
- Describe key issues and considerations when implementing Advanced Journal Entry
- Determine how Summary Templates are used
- Describe the Journal Scheduling process
- Period Close
- Explain AutoScheduling
- Perform journal import of subledger balances
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Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: 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 |
| Topic 2: Journal Processing | 20% | - Handle journal reversals and approvals - Create, review, and post journal entries - Manage recurring and mass allocation journals |
| Topic 3: Accounting Setup and Security | 25% | - Implement data access security - Define ledgers and ledger sets - Create and manage chart of accounts - Use Accounting Setup Manager |
| Topic 4: Budgeting, Reporting and Period Close | 20% | - Set up and maintain budgets - Execute period-end and year-end closing - Use summary accounts and balances - Generate financial reports |
| Topic 5: Multi-Currency and Consolidations | 15% | - Translate and revalue balances - Perform consolidations and elimination sets - Define and use multiple currencies |
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