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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

  • Describe Flexfields and their components
  • Define Key Flexfields
  • Describe the benefits of R12 E-Business Suite
  • Plan the key elements of Web Applications Desktop Integrator (Web ADI)
  • Define Web ADI setup options for key flexfields
  • Fundamentals of Flexfields
  • Import journal entry information using the GL_INTERFACE table
  • Utilize Web ADI profile options, forms functions, menus, and responsibilities
  • Describe how journal entries are positioned in the accounting cycle
  • Describe the benefits of Workflow
  • Fundamentals of Workflow and Alerts
  • Describe R12 E-Business Suite architecture
  • Define value sets and values
  • Basic Journal Entries
  • Explain the footprint of R12 E-Business Suite
  • Identify the steps to implement a Flexfield
  • Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
  • Explain Workflow concepts
  • Define Descriptive Flexfields
  • Describe the different Journal Posting options
  • Introduction to Oracle Applications R12

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

The following will be discussed here:

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

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

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Setup- Chart of Accounts
  • 1. Value sets and flexfields
    • 2. Segment structure design
      - Ledger Configuration
      • 1. Ledger creation and structure setup
        • 2. Accounting calendar definition
          Topic 2: Financial Reporting- Standard Reports
          • 1. Financial statements
            • 2. Trial balance reports
              - Reporting Tools
              • 1. Financial Statement Generator (FSG)
                • 2. Ad hoc reporting
                  Topic 3: Period Close Process- Month-End Closing
                  • 1. Adjusting entries
                    • 2. Period close activities
                      Topic 4: Journal Processing- Journal Approval and Posting
                      • 1. Posting processes
                        • 2. Approval workflows
                          - Journal Entry Management
                          • 1. Manual journal entries
                            • 2. Recurring journals
                              Topic 5: Account Management- Budgeting
                              • 1. Budget creation and maintenance
                                • 2. Budgetary control
                                  - Account Reconciliation
                                  • 1. Reconciliation processes
                                    • 2. Clearing accounts
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