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

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

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

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

The following will be discussed here:

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

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