20-30 hours' preparation for the Oracle EBS R12.1 General Ledger Essentials exam

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

The following will be discussed here:

• Describe the basic components of Accounting Setup
• Use Standard reports and inquiry options available for consolidations Ledger
• Create eliminating entries
• Use the features and functionality of Global Consolidation System (GCS)
• Consolidations
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
• Complete Accounting Setup
• Describe the elements required to create a ledger within Oracle General Ledger
• Perform the Secondary Ledger Setup steps
• Identify the key implementation issues regarding consolidations
• Perform the Primary Ledger Setup steps
• Describe the various Subledger Accounting Options
• Creating a new Accounting Flexfield structure
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Accounting Setups
• Describe Ledger Balancing Segment Value Assignments
• Describe the important elements for creating a Chart of Accounts structure
• Use the elements of the Consolidation Workbench
• Create Accounting Setups

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

• Control security of Management Reporting
• Manage Data Access Sets
• Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
• Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
• Oracle General Ledger Process
• Identify the steps required to complete the accounting cycle using Oracle General Ledger
• Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
• Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
• Manage Data Access Security for Legal Entities and Ledgers
• Advanced Security
• Explain key Advanced Security setups and process

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

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

The following will be discussed here:

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

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