Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) Practice Exam
Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) Practice Exam
Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) Practice Exam
The Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) certification validates expertise in configuring and managing the general ledger functionality of Oracle E-Business Suite (EBS) R12.1. The exam emphasizes financial management, ledger setup, and process administration, ensuring candidates can effectively manage accounting cycles, reporting, reconciliation, and enterprise financials within Oracle’s ERP environment. This certification is ideal for professionals aiming to demonstrate proficiency in Oracle financial solutions.
Why is Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) important?
Validates expertise in managing and configuring the General Ledger module in Oracle EBS.
Demonstrates knowledge of enterprise financial management practices.
Enhances professional credibility and career opportunities in ERP and financial roles.
Ensures proficiency in handling financial processes like budgeting, account reconciliation, and reporting.
Equips candidates with relevant skills for managing financial records in large-scale businesses.
Who should take the Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) Exam?
Financial Analysts
ERP System Administrators
General Ledger Accountants
Financial Controllers
Oracle EBS Functional Consultants
IT Consultants specializing in Oracle ERP
Skills Evaluated
Candidates taking the certification exam on the Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) is evaluated for the following skills:
Configuring and managing Oracle General Ledger setups and preferences.
Implementing and optimizing chart of accounts, ledger sets, and financial reporting.
Using tools for reporting and monitoring financial data in Oracle EBS.
Handling budgeting, foreign currency, and consolidation processes.
Managing sub-ledger accounting integration and reconciliation.
Utilizing Oracle EBS features for multi-currency and multi-company transactions.
Ensuring compliance with financial regulations and reporting requirements.
Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) Certification Course Outline
The Oracle E-Business Suite R12.1 General Ledger Essentials (1Z0-516) Certification covers the following topics -
Module 1. Navigating in R12 Oracle Applications
Log in to Oracle Applications
Navigate from Personal Home Page to Applications
Choose a responsibility
Create Favorites and set Preferences
Use Forms and Menus
Enter data using Forms
Search for data using Forms
Access online Help
Run and monitor Reports and Programs
Log out of Oracle Applications
Module 2. Introduction to Oracle Applications R12
Explain the footprint of R12 E-Business Suite
Describe the benefits of R12 E-Business Suite
Describe R12 E-Business Suite architecture
Module 3. Shared Entities and Integration
Explain shared entities within R12 E-Business Suite
Describe key integration points and business flows between products in E-Business Suite (EBS)
Identify Key Business Flows and products involved in E-Business Suite (EBS)
Module 4. Fundamentals of Flexfields
Describe Flexfields and their components
Identify the steps to implement a Flexfield
Define value sets and values
Define Key Flexfields
Define Descriptive Flexfields
Module 5. Fundamentals of Multi-Org
Define Multiple Organization (Multi-Org)
Describe the types of organizations supported in the Multi-Org model
Explain the entities of Multi-Org
Explain how Multi-Org secures data
Identify key implementation considerations for Multi-Org
Define Multi-Org Access Control
Explain Multi-Org preferences
Explain Enhanced Multiple-Organization Reporting
Explain the concepts of subledger accounting
Module 6. Fundamentals of Workflow and Alerts
Explain Workflow concepts
Describe the benefits of Workflow
Module 7. Oracle General Ledger Process
Identify the steps required to complete the accounting cycle using Oracle General Ledger
Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
Module 8. Basic Journal Entries
Describe how journal entries are positioned in the accounting cycle
Describe the different Journal Posting options
Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
Import journal entry information using the GL_INTERFACE table
Plan the key elements of Web Applications Desktop Integrator (Web ADI)
Define Web ADI setup options for key flexfields
Utilize Web ADI profile options, forms functions, menus, and responsibilities
Module 9. Advanced Security
Manage Data Access Security for Legal Entities and Ledgers
Explain key Advanced Security setups and process
Manage Data Access Sets
Control security of Management Reporting
Module 10. Multi-Currency
Explain Multi-Currency concepts
Use Currency Rate Manager
Perform Foreign currency journals Entry
Perform Revaluation of foreign currency balances
Translate functional balances into foreign currency
Describe overview of Secondary Tracking Segment
Use Foreign Currency Reports
Module 11. Financial Reporting
Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
Build basic reports
Use key elements of the Financial Statement Generator (FSG) for creating financial reports
Use Standard listing reports available for FSG report definitions
Create FSG Reports with XML Publisher
Use Web ADI for Financial Reporting
Explain key implementation issues regarding Oracle General Ledger financial reporting
Module 12. Accounting Setup Manager
Describe the components of Ledger Processing options
Describe Secondary Ledgers & Reporting Currencies
Describe Accounting Setup considerations with one legal entity
Describe Accounting Setup considerations with multiple legal entities
Describe Accounting Setup considerations with no legal entities
Module 13. Accounting Setups
Create Accounting Setups
Describe the various Subledger Accounting Options
Perform the Primary Ledger Setup steps
Describe Ledger Balancing Segment Value Assignments
Perform the Secondary Ledger Setup steps
Complete Accounting Setup
Module 14. Advanced Journal Entries
Create Recurring Journals
Formulate Mass Allocation Journals
Describe AutoAllocations and related implementation considerations
Explain AutoScheduling
Describe the Journal Scheduling process
Describe key issues and considerations when implementing Advanced Journal Entry
Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
Module 15. Consolidations
Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
Identify the key implementation issues regarding consolidations
Use the features and functionality of Global Consolidation System (GCS)
Use the elements of the Consolidation Workbench
Create eliminating entries
Use Standard reports and inquiry options available for consolidations Ledger
Describe the elements required to create a ledger within Oracle General Ledger
Describe the basic components of Accounting Setup
Describe the important elements for creating a Chart of Accounts structure
Creating a new Accounting Flexfield structure
Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
Module 16. Summary Accounts
Explain summary accounts and how they are used in General Ledger
Define How Parent Values/ Rollup Groups are used in General Ledger