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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:

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

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 Introduction to Oracle Applications R12

The following will be discussed here:

  • Explain Workflow concepts
  • Explain the footprint of R12 E-Business Suite
  • Describe the different Journal Posting options
  • Fundamentals of Workflow and Alerts
  • Describe how journal entries are positioned in the accounting cycle
  • Import journal entry information using the GL_INTERFACE table
  • Identify the steps to implement a Flexfield
  • Define Web ADI setup options for key flexfields
  • Introduction to Oracle Applications R12
  • Basic Journal Entries
  • Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
  • Plan the key elements of Web Applications Desktop Integrator (Web ADI)
  • Describe the benefits of R12 E-Business Suite
  • Define Descriptive Flexfields
  • Fundamentals of Flexfields
  • Define Key Flexfields
  • Describe Flexfields and their components
  • Describe the benefits of Workflow
  • Utilize Web ADI profile options, forms functions, menus, and responsibilities
  • Describe R12 E-Business Suite architecture
  • Define value sets and values

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Oracle 1Z1-516 Exam Syllabus Topics:

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