Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

• Administrators
• Implementers
• Business Users

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.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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 Accounting Setup Manager

The following will be discussed here:

• Create Recurring Journals
• Accounting Setup Manager
• Describe Secondary Ledgers & Reporting Currencies
• Describe Accounting Setup considerations with multiple legal entities
• Describe the components of Ledger Processing options
• Describe AutoAllocations and related implementation considerations
• Formulate Mass Allocation Journals
• Advanced Journal Entries
• Describe Accounting Setup considerations with no legal entities
• Describe Accounting Setup considerations with one legal entity

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

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

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If the user has successfully passed the 1z0-516 practice exam and has been through 1z0-516 exam dumps then the certification exam will not be too much difficult as the user has shown aptitude for understanding complicated processes.

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