What is Implementation Essentials 1z0-516 Certification Exam and Retake policy

Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.

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Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

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

The following will be discussed here:

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

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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:

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

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

The following will be discussed here:

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

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