How to Prepare For Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
Preparation Guide for Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
Introduction
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.
This certification is for:
- Implementers
- Business Users
- Administrators
What is Implementation Essentials 1z0-516 Certification Exam and Retake policy
Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.
All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.
Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.
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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:
- Complete Accounting Setup
- Use the elements of the Consolidation Workbench
- Perform the Primary Ledger Setup steps
- Create eliminating entries
- Create Accounting Setups
- Use Standard reports and inquiry options available for consolidations Ledger
- Consolidations
- Describe Ledger Balancing Segment Value Assignments
- Describe the basic components of Accounting Setup
- Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
- Creating a new Accounting Flexfield structure
- 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
- Accounting Setups
- Use the features and functionality of Global Consolidation System (GCS)
- Describe the various Subledger Accounting Options
- Describe the important elements for creating a Chart of Accounts structure
- Identify the key implementation issues regarding consolidations
- Perform the Secondary Ledger Setup steps
How much Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 costs
- Length of Exam: 150 min
- Passing Score: 60% or higher
- Types of questions: Performance Based Questions
- Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
- No. of Questions: 80 Questions
- Examination Fees: $250 USD







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