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

The following will be discussed here:

  • Describe Accounting Setup considerations with one legal entity
  • Describe AutoAllocations and related implementation considerations
  • Describe Accounting Setup considerations with no legal entities
  • Describe Secondary Ledgers & Reporting Currencies
  • Accounting Setup Manager
  • Formulate Mass Allocation Journals
  • Advanced Journal Entries
  • Describe Accounting Setup considerations with multiple legal entities
  • Describe the components of Ledger Processing options
  • Create Recurring Journals

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

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.

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger- Financial Budgeting
  • 1. Budget Control and Analysis
  • 2. Budget Definition and Maintenance
- Advanced Security
  • 1. Ledger and Legal Entity Security
  • 2. Data Access Sets
- Accounting Setups
  • 1. Accounting Calendar Setup
  • 2. Currency Configuration
  • 3. Chart of Accounts Structure
  • 4. Ledger Configuration
- Financial Reporting
  • 1. General Ledger Reporting
  • 2. Account Analysis and Inquiry
  • 3. Financial Statement Generator
- Consolidations
  • 1. Ledger Consolidation Concepts
  • 2. Consolidation Processing
- Journal Processing
  • 1. Journal Approval and Posting
  • 2. Mass Allocations
  • 3. Recurring Journals
  • 4. Journal Entry Creation
Topic 2: E-Business Essentials- Introduction to Oracle Applications R12
  • 1. E-Business Suite Footprint and Components
  • 2. Oracle E-Business Suite Architecture and Navigation
- Shared Entities and Integration
  • 1. Shared Data Model
  • 2. Integration Across Financial Modules
- Fundamentals of Multi-Org
  • 1. Enhanced Multi-Org Access Control
  • 2. Business Group and Operating Unit Concepts
- Fundamentals of Flexfields
  • 1. Key Flexfields
  • 2. Descriptive Flexfields

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