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Average Salary of Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516Certified Professionals

The average salary:

  • Europe - 100,440 EURO
  • India - 6,71,117 INR
  • United State - 151,682 USD
  • England - 75,267 POUND

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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.

Get a sound understanding of Oracle E-Business Suite, including navigation, key business flows, functionality, and integration points between products. Smoothly implement and start using the applications, so that your organization can quickly realize the full value of Oracle E-Business Suite.

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

The following will be discussed here:

  • Build basic reports
  • Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
  • Use Standard listing reports available for FSG report definitions
  • Financial Reporting
  • Use key elements of the Financial Statement Generator (FSG) for creating financial reports
  • Explain key implementation issues regarding Oracle General Ledger financial reporting
  • Create FSG Reports with XML Publisher
  • Use Web ADI for Financial Reporting

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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:

  • Explain key Advanced Security setups and process
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
  • Control security of Management Reporting
  • Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
  • Identify the steps required to complete the accounting cycle using Oracle General Ledger
  • Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
  • Manage Data Access Sets
  • Oracle General Ledger Process
  • Advanced Security
  • Manage Data Access Security for Legal Entities and Ledgers

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

Oracle 1Z1-516 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Setup- Chart of Accounts
  • 1. Segment structure design
    • 2. Value sets and flexfields
      - Ledger Configuration
      • 1. Accounting calendar definition
        • 2. Ledger creation and structure setup
          Topic 2: Journal Processing- Journal Approval and Posting
          • 1. Posting processes
            • 2. Approval workflows
              - Journal Entry Management
              • 1. Manual journal entries
                • 2. Recurring journals
                  Topic 3: Account Management- Account Reconciliation
                  • 1. Reconciliation processes
                    • 2. Clearing accounts
                      - Budgeting
                      • 1. Budgetary control
                        • 2. Budget creation and maintenance
                          Topic 4: Period Close Process- Month-End Closing
                          • 1. Adjusting entries
                            • 2. Period close activities
                              Topic 5: Financial Reporting- Standard Reports
                              • 1. Trial balance reports
                                • 2. Financial statements
                                  - Reporting Tools
                                  • 1. Financial Statement Generator (FSG)
                                    • 2. Ad hoc reporting

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