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

The following will be discussed here:

  • Perform Foreign currency journals Entry
  • Describe overview of Secondary Tracking Segment
  • Translate functional balances into foreign currency
  • Use Foreign Currency Reports
  • Use Currency Rate Manager
  • Explain Multi-Currency concepts
  • Multi-Currency
  • Perform Revaluation of foreign currency balances

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

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:

  • Administrators
  • Business Users
  • Implementers

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Budgeting, Reporting and Period Close20%- Generate financial reports
- Execute period-end and year-end closing
- Set up and maintain budgets
- Use summary accounts and balances
Topic 2: Accounting Setup and Security25%- Implement data access security
- Define ledgers and ledger sets
- Use Accounting Setup Manager
- Create and manage chart of accounts
Topic 3: Journal Processing20%- Create, review, and post journal entries
- Handle journal reversals and approvals
- Manage recurring and mass allocation journals
Topic 4: E-Business Essentials20%- Understand flexfields and Web ADI
- Explain Multi-Org fundamentals
- Navigate R12 Oracle Applications
- Describe E-Business Suite architecture and shared entities
Topic 5: Multi-Currency and Consolidations15%- Define and use multiple currencies
- Translate and revalue balances
- Perform consolidations and elimination sets

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