General Ledger Essentials 1Z0-516

Navigating in R12 Oracle Applications

• Log in to Oracle Applications
• Navigate from Personal Home Page to Applications
• Choose a responsibility
• Create Favorites and set Preferences
• Use Forms and Menus
• Enter data using Forms
• Search for data using Forms
• Access online Help
• Run and monitor Reports and Programs
• Log out of Oracle Applications

Introduction to Oracle Applications R12

• Explain the footprint of R12 E-Business Suite
• Describe the benefits of R12 E-Business Suite
• Describe R12 E-Business Suite architecture

Shared Entities and Integration

• Explain shared entities within R12 E-Business Suite
• Describe key integration points and business flows between products in E-Business Suite (EBS)
• Identify Key Business Flows and products involved in E-Business Suite (EBS)

Fundamentals of Flexfields

• Describe Flexfields and their components
• Identify the steps to implement a Flexfield
• Define value sets and values
• Define Key Flexfields
• Define Descriptive Flexfields

Fundamentals of Multi-Org

• Define Multiple Organization (Multi-Org)
• Describe the types of organizations supported in the Multi-Org model
• Explain the entities of Multi-Org
• Explain how Multi-Org secures data
• Identify key implementation considerations for Multi-Org
• Define Multi-Org Access Control
• Explain Multi-Org preferences
• Explain Enhanced Multiple-Organization Reporting
• Explain the concepts of subledger accounting

Fundamentals of Workflow and Alerts

• Explain Workflow concepts
• Describe the benefits of Workflow

Oracle General Ledger Process 

• Identify the steps required to complete the accounting cycle using Oracle General Ledger
• Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
• Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
• Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
• Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis

Basic Journal Entries 

• Describe how journal entries are positioned in the accounting cycle
• Describe the different Journal Posting options
• Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
• Import journal entry information using the GL_INTERFACE table
• Plan the key elements of Web Applications Desktop Integrator (Web ADI)
• Define Web ADI setup options for key flexfields
• Utilize Web ADI profile options, forms functions, menus, and responsibilities

Advanced Security

• Manage Data Access Security for Legal Entities and Ledgers
• Explain key Advanced Security setups and process
• Manage Data Access Sets
• Control security of Management Reporting

Multi-Currency

• Explain Multi-Currency concepts
• Use Currency Rate Manager
• Perform Foreign currency journals Entry
• Perform Revaluation of foreign currency balances
• Translate functional balances into foreign currency
• Describe overview of Secondary Tracking Segment
• Use Foreign Currency Reports

Financial Reporting

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

Accounting Setup Manager

• Describe the components of Ledger Processing options
• Describe Secondary Ledgers & Reporting Currencies
• Describe Accounting Setup considerations with one legal entity
• Describe Accounting Setup considerations with multiple legal entities
• Describe Accounting Setup considerations with no legal entities

Accounting Setups

• Create Accounting Setups
• Describe the various Subledger Accounting Options
• Perform the Primary Ledger Setup steps
• Describe Ledger Balancing Segment Value Assignments
• Perform the Secondary Ledger Setup steps
• Complete Accounting Setup

Advanced Journal Entries 

• Create Recurring Journals
• Formulate Mass Allocation Journals
• Describe AutoAllocations and related implementation considerations
• Explain AutoScheduling
• Describe the Journal Scheduling process
• Describe key issues and considerations when implementing Advanced Journal Entry
• Describe the business benefits of using Oracle General Ledger’s Advanced Journal Entry functions

Consolidations

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

Summary Accounts

• Explain summary accounts and how they are used in General Ledger
• Define How Parent Values/ Rollup Groups are used in General Ledger
• Determine how Summary Templates are used
• Use Budgetary Control & maintain Summary accounts
• Plan and maintain Summary Account structures

Financial Budgeting 

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

Period Close

• Explain the accounting cycle
• Perform key steps in the close process
• Perform journal import of subledger balances
• Perform Subledger Reconciliation
• Explain the Period Closing Process and Reports
• Consolidate account balances