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

The following will be discussed here:

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

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

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Certification Path

Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 is a fundamental exam. Successful completion by candidates will allow them to achieve Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger status.

Oracle 1Z1-516 Exam Syllabus Topics: