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  • Passing Score: 60% or higher
  • Length of Exam: 150 min
  • Examination Name: Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516
  • Types of questions: Performance Based Questions
  • No. of Questions: 80 Questions

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 Multi-Currency

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

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

Oracle 1Z0-516 Exam Syllabus Topics:

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