Oracle EBS R12.1 General Ledger Essentials : 1Z1-516 Exam Questions

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

The following will be discussed here:

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

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

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

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

The following will be discussed here:

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

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

Oracle 1Z1-516 Exam Syllabus Topics: