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

The following will be discussed here:

• Use the features and functionality of Global Consolidation System (GCS)
• Perform the Primary Ledger Setup steps
• Complete Accounting Setup
• Consolidations
• Describe Ledger Balancing Segment Value Assignments
• Describe the elements required to create a ledger within Oracle General Ledger
• Creating a new Accounting Flexfield structure
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
• Describe the basic components of Accounting Setup
• Accounting Setups
• Create Accounting Setups
• Use the elements of the Consolidation Workbench
• Perform the Secondary Ledger Setup steps
• Identify the key implementation issues regarding consolidations
• Use Standard reports and inquiry options available for consolidations Ledger
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Describe the important elements for creating a Chart of Accounts structure
• Create eliminating entries
• Describe the various Subledger Accounting Options

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

The following will be discussed here:

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

What is Implementation Essentials 1z0-516 Certification Exam and Retake policy

Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

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

The following will be discussed here:

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

Oracle 1Z1-516 Exam Syllabus Topics: