Oracle 1Z0-516 : Oracle EBS R12.1 General Ledger Essentials

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

The following will be discussed here:

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

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

The following will be discussed here:

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

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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