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

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org

The following will be discussed here:

• Explain the entities of Multi-Org
• Describe the types of organizations supported in the Multi-Org model
• Define Multiple Organization (Multi-Org)
• Identify key implementation considerations for Multi-Org
• Explain Multi-Org preferences
• Explain the concepts of subledger accounting
• Explain Enhanced Multiple-Organization Reporting
• Explain how Multi-Org secures data
• Fundamentals of Multi-Org
• Define Multi-Org Access Control

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

The following will be discussed here:

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

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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:

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

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Oracle 1Z1-516 Exam Syllabus Topics:

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