Oracle 1Z1-516

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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.

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 Introduction to Oracle Applications R12

The following will be discussed here:

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

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

The following will be discussed here:

• Accounting Setups
• Creating a new Accounting Flexfield structure
• Use Standard reports and inquiry options available for consolidations Ledger
• Perform the Primary Ledger Setup steps
• Describe the elements required to create a ledger within Oracle General Ledger
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Describe Ledger Balancing Segment Value Assignments
• Describe the various Subledger Accounting Options
• Create eliminating entries
• Use the elements of the Consolidation Workbench
• Identify the key implementation issues regarding consolidations
• Describe the basic components of Accounting Setup
• Create Accounting Setups
• Consolidations
• Complete Accounting Setup
• Use the features and functionality of Global Consolidation System (GCS)
• Perform the Secondary Ledger Setup steps
• Describe the important elements for creating a Chart of Accounts structure