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

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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 Fundamentals of Multi-Org

The following will be discussed here:

  • Define Multi-Org Access Control
  • Define Multiple Organization (Multi-Org)
  • Describe the types of organizations supported in the Multi-Org model
  • Explain how Multi-Org secures data
  • Explain the concepts of subledger accounting
  • Identify key implementation considerations for Multi-Org
  • Explain Multi-Org preferences
  • Explain Enhanced Multiple-Organization Reporting
  • Explain the entities of Multi-Org
  • Fundamentals of Multi-Org

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.

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
General Ledger Setup- Ledger Configuration
  • 1. Ledger creation and structure setup
    • 2. Accounting calendar definition
      - Chart of Accounts
      • 1. Segment structure design
        • 2. Value sets and flexfields
          Account Management- Budgeting
          • 1. Budgetary control
            • 2. Budget creation and maintenance
              - Account Reconciliation
              • 1. Clearing accounts
                • 2. Reconciliation processes
                  Financial Reporting- Reporting Tools
                  • 1. Financial Statement Generator (FSG)
                    • 2. Ad hoc reporting
                      - Standard Reports
                      • 1. Financial statements
                        • 2. Trial balance reports
                          Period Close Process- Month-End Closing
                          • 1. Adjusting entries
                            • 2. Period close activities
                              Journal Processing- Journal Entry Management
                              • 1. Recurring journals
                                • 2. Manual journal entries
                                  - Journal Approval and Posting
                                  • 1. Approval workflows
                                    • 2. Posting processes
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