Oracle General Ledger Management Fundamentals- 1Z0-516

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 balance

Related Certification Courses 

1Z0-516 Oracle E-Business Suite 12.1 General Ledger Essentials
1Z0-517 Oracle E-Business Suite R12.1 Payables Essentials
1Z0-518 Oracle E-Business Suite R12.1 Receivables Essentials

1Z0-548 Oracle E-Business Suite (EBS) R12 Human Capital Management Essentials

1Z0-520 Oracle E-Business Suite R12.1 Purchasing Essentials
1Z0-519 Oracle E-Business Suite R12.1 Inventory Essentials
1Z0-511 Oracle E-Business Suite 12.1 Projects essentials course

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