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

This certification is for:

  • Implementers
  • Administrators
  • Business Users

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 Financial Reporting

The following will be discussed here:

  • Financial Reporting
  • Use Standard listing reports available for FSG report definitions
  • Use Web ADI for Financial Reporting
  • Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports
  • Create FSG Reports with XML Publisher
  • Build basic reports

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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Oracle 1Z0-516 Exam Syllabus Topics:

SectionObjectives
E-Business Essentials- Fundamentals of Multi-Org
  • 1. Business Group and Operating Unit Concepts
  • 2. Enhanced Multi-Org Access Control
- Fundamentals of Flexfields
  • 1. Descriptive Flexfields
  • 2. Key Flexfields
- Shared Entities and Integration
  • 1. Shared Data Model
  • 2. Integration Across Financial Modules
- Introduction to Oracle Applications R12
  • 1. E-Business Suite Footprint and Components
  • 2. Oracle E-Business Suite Architecture and Navigation
General Ledger- Journal Processing
  • 1. Mass Allocations
  • 2. Recurring Journals
  • 3. Journal Entry Creation
  • 4. Journal Approval and Posting
- Financial Reporting
  • 1. Financial Statement Generator
  • 2. General Ledger Reporting
  • 3. Account Analysis and Inquiry
- Consolidations
  • 1. Consolidation Processing
  • 2. Ledger Consolidation Concepts
- Financial Budgeting
  • 1. Budget Control and Analysis
  • 2. Budget Definition and Maintenance
- Advanced Security
  • 1. Data Access Sets
  • 2. Ledger and Legal Entity Security
- Accounting Setups
  • 1. Chart of Accounts Structure
  • 2. Ledger Configuration
  • 3. Accounting Calendar Setup
  • 4. Currency Configuration
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