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

The following will be discussed here:

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

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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

• Implementers
• Business Users
• Administrators

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.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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

The following will be discussed here:

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

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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