Oracle 1Z1-516 : Oracle EBS R12.1 General Ledger Essentials

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

The following will be discussed here:

• Describe the important elements for creating a Chart of Accounts structure
• Create Accounting Setups
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
• Accounting Setups
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Use Standard reports and inquiry options available for consolidations Ledger
• Use the elements of the Consolidation Workbench
• Describe the various Subledger Accounting Options
• Identify the key implementation issues regarding consolidations
• Perform the Secondary Ledger Setup steps
• Create eliminating entries
• Complete Accounting Setup
• Describe Ledger Balancing Segment Value Assignments
• Use the features and functionality of Global Consolidation System (GCS)
• Perform the Primary Ledger Setup steps
• Describe the elements required to create a ledger within Oracle General Ledger
• Consolidations
• Creating a new Accounting Flexfield structure
• Describe the basic components of Accounting Setup

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

The following will be discussed here:

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