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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

  • Business Users
  • Administrators
  • Implementers

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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 Accounting Setup Manager

The following will be discussed here:

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

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

The following will be discussed here:

  • Navigating in R12 Oracle Applications
  • Enter data using Forms
  • Search for data using Forms
  • Choose a responsibility
  • Use Forms and Menus
  • Describe key integration points and business flows between products in E-Business Suite (EBS)
  • Log out of Oracle Applications
  • Log in to Oracle Applications
  • Navigate from Personal Home Page to Applications
  • E-business Essentials
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
  • Run and monitor Reports and Programs
  • Access online Help
  • Create Favorites and set Preferences
  • Shared Entities and Integration
  • Explain shared entities within R12 E-Business Suite

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Oracle 1Z0-516 Exam Syllabus Topics:

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

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