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  • Exam Name: Oracle EBS R12.1 General Ledger Essentials
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting

The following will be discussed here:

  • Review balances in Master/Detail budgets
  • Explain the components of budget accounting cycle
  • Plan Budget implementation requirements
  • Explain Budget Entry methods
  • Transfer budget amounts
  • Explain the anatomy of a budget
  • Apply Budget Rules
  • Translate budget balances
  • Perform budget review and correction
  • Create budgets with Budget Wizards
  • Financial Budgeting
  • Use available Standard budget reports
  • Define budget and budget organization

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

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The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

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This certification is for:

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Oracle 1Z0-516 Exam Syllabus Topics:

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

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