You can use this Oracle 1Z0-516 exam study guide to collect all the information about the Oracle E-Business Suite R12.1 General Ledger Essentials exam. The Oracle 1Z0-516 certification exam is mainly targeted to those candidates who have some experience or exposure to Oracle E-Business Suite Financial Management technology and want to flourish their career with Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle General Ledger (OCS) credential.
The Oracle 1Z0-516 certification exam validates your understanding of the Oracle E-Business Suite Financial Management technology and sets the stage for your future progression. Your preparation plan for Oracle E-Business Suite R12.1 General Ledger Essentials Certification exam should include hands-on practice or on-the-job experience performing the tasks described in following certification exam syllabus topics.
Oracle 1Z0-516 Exam Details:
| Exam Name | Oracle E-Business Suite R12.1 General Ledger Essentials |
| Exam Code | 1Z0-516 |
| Exam Price | USD $245 (Price may vary by country or by localized currency) |
| Duration | 120 minutes |
| Number of Questions | 64 |
| Passing Score | 60% |
| Format | Multiple Choice Questions (MCQ) |
| Recommended Training |
R12.2.9 Oracle E-Business Suite Fundamentals Training Opportunities for Oracle Partner Network Members Oracle E-Business Suite Essentials Implementation Boot Camp Oracle E-Business Suite Financial Management Certified Implementation Specialist: General Ledger Oracle E-Business Suite R12.1 General Ledger Implementation Boot Camp Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger Boot Camp |
| Schedule Exam | Buy Oracle Training and Certification |
| Sample Questions | Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle General Ledger (OCS) |
| Recommended Practice | 1Z0-516 Online Practice Exam |
Oracle 1Z0-516 Syllabus Topics:
E-BUSINESS ESSENTIALS |
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| 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 |
| 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 |
| 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 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 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 |
| Fundamentals of Workflow and Alerts |
- Explain Workflow concepts - Describe the benefits of Workflow |
GENERAL LEDGER |
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| 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 |
| 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 |
| 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 |
| 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 |
| 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 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
The Oracle E-Business Suite General Ledger Essentials Certification Program certifies candidates on skills and knowledge related to Oracle E-Business Suite Financial Management products and technologies. The Oracle 1Z0-516 is granted based on a combination of passing exams, training, and performance-based assignments, depending on the level of certification. Oracle E-Business Suite R12.1 General Ledger Essentials certification is a real benchmark of experience and expertise that helps you stand out in a crowd among employers. To ensure success, Oracle recommends combining education courses, practice exams, and hands-on experience to prepare for your Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle General Ledger (OCS) certification exam as questions will test your ability to apply the knowledge you have gained in hands-on practice or professional experience.