In this course, you will get 3 Full Length Practice Exams with 178 Unique Questions from "1Z0-516 - Oracle EBS R12.1 General Ledger Essentials Exam" covering all the topics for the 1Z0-516 Exam.

Updated to latest questions on June 2022.

What do you get in this course?

1. 3 Full-length mock tests with 60 Unique Questions in each practice test.

2. Reliable exam reports to evaluate strengths and weaknesses

3. 180+ Latest Questions with 100% verified answers

4. Questions are frequently reviewed and updated frequently.

5. Practice tests are created by Subject Matter Experts and the questions always stay current with the actual exam.

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Official Certification Overview:

1. Exam Title: Oracle E-Business Suite R12.1 General Ledger Essentials

2. Exam Number: 1Z0-516

3. Format: Multiple Choice

4. Duration: 150 minutes

5. Number of Questions: 80 for both sections combined

6. Passing Score: E-business Essentials - 60% General Ledger - 60%

7. Validated Against: This exam is valid for Oracle E-Business Suite 12 and 12.1

   
   

Syllabus of the Exam :

E-BUSINESS ESSENTIALS

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

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)

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

GENERAL LEDGER

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

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

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

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

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

Financial Budgeting

• Explain the anatomy of a budget

• Explain the components of budget accounting cycle

• Define budget and budget organization

• Explain Budget Entry methods

• Apply Budget Rules

• Transfer budget amounts

• Perform budget review and correction

• Translate budget balances

• Review balances in Master/Detail budgets

• Create budgets with Budget Wizards

• Use available Standard budget reports

• Plan Budget implementation requirements

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

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

Fundamentals of Workflow and Alerts

• Explain Workflow concepts

• Describe the benefits of Workflow

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

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

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

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

Summary Accounts

• Explain summary accounts and how they are used in General Ledger

• Define How Parent Values/ Rollup Groups are used in General Ledger

• Determine how Summary Templates are used

• Use Budgetary Control & maintain Summary accounts

• Plan and maintain Summary Account structures

Period Close

• Explain the accounting cycle

• Perform key steps in the close process

• Perform journal import of subledger balances

• Perform Subledger Reconciliation

• Explain the Period Closing Process and Reports

• Consolidate account balances