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What is Implementation Essentials 1z0-516 Certification Exam and Retake policy
Oracle Cloud Certification credentials are valid for a period of 18 months from the date you earn the credential. The credential will become inactive at the end of 18 months. Oracle requires candidates to hold an active credential in order to access certain certification benefits including, without limitation, use of Oracle certification logos, e-Certificates, score reports, digital badges and certification verification.
All the candidates must wait 14 days before retaking a failed proctored exam. (Registration will be allowed on the 14th day). Candidates may not retake a passed exam at any time and may not retake a beta exam at any time. Also, candidates are only allowed 4 attempts to pass an exam in a 12-month period.
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process
The following will be discussed here:
- Oracle General Ledger Process
- Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
- Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
- Explain key Advanced Security setups and process
- Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
- Control security of Management Reporting
- Manage Data Access Security for Legal Entities and Ledgers
- Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
- Manage Data Access Sets
- Identify the steps required to complete the accounting cycle using Oracle General Ledger
- Advanced Security
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency
The following will be discussed here:
- Perform Revaluation of foreign currency balances
- Use Foreign Currency Reports
- Multi-Currency
- Use Currency Rate Manager
- Explain Multi-Currency concepts
- Translate functional balances into foreign currency
- Describe overview of Secondary Tracking Segment
- Perform Foreign currency journals Entry
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org
The following will be discussed here:
- Explain the entities of Multi-Org
- Describe the types of organizations supported in the Multi-Org model
- Fundamentals of Multi-Org
- Explain the concepts of subledger accounting
- Explain how Multi-Org secures data
- Explain Enhanced Multiple-Organization Reporting
- Define Multiple Organization (Multi-Org)
- Identify key implementation considerations for Multi-Org
- Explain Multi-Org preferences
- Define Multi-Org Access Control
Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting Setup and Security | 25% | - Use Accounting Setup Manager - Implement data access security - Create and manage chart of accounts - Define ledgers and ledger sets |
| Multi-Currency and Consolidations | 15% | - Define and use multiple currencies - Translate and revalue balances - Perform consolidations and elimination sets |
| E-Business Essentials | 20% | - Describe E-Business Suite architecture and shared entities - Navigate R12 Oracle Applications - Understand flexfields and Web ADI - Explain Multi-Org fundamentals |
| Budgeting, Reporting and Period Close | 20% | - Generate financial reports - Set up and maintain budgets - Use summary accounts and balances - Execute period-end and year-end closing |
| Journal Processing | 20% | - Create, review, and post journal entries - Manage recurring and mass allocation journals - Handle journal reversals and approvals |
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