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 Oracle General Ledger Process

The following will be discussed here:

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

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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:

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

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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