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How to book the Oracle Planning 2020 Implementation Essentials 1z0-516

You can schedule the exam anytime at Pearson VUE. You can pay directly from a credit card or redeem a voucher purchased from Oracle.

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

This certification is for:

  • Administrators
  • Business Users
  • Implementers

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.

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 Introduction to Oracle Applications R12

The following will be discussed here:

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

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Oracle 1Z1-516 Exam Syllabus Topics:

SectionWeightObjectives
Multi-Currency and Consolidations15%- Define and use multiple currencies
- Translate and revalue balances
- Perform consolidations and elimination sets
Accounting Setup and Security25%- Implement data access security
- Create and manage chart of accounts
- Define ledgers and ledger sets
- Use Accounting Setup Manager
E-Business Essentials20%- Understand flexfields and Web ADI
- Describe E-Business Suite architecture and shared entities
- Navigate R12 Oracle Applications
- Explain Multi-Org fundamentals
Budgeting, Reporting and Period Close20%- Set up and maintain budgets
- Use summary accounts and balances
- Generate financial reports
- Execute period-end and year-end closing
Journal Processing20%- Create, review, and post journal entries
- Handle journal reversals and approvals
- Manage recurring and mass allocation journals

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