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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process

The following will be discussed here:

• Manage Data Access Sets
• Manage Data Access Security for Legal Entities and Ledgers
• Control security of Management Reporting
• Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
• Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
• Identify the steps required to complete the accounting cycle using Oracle General Ledger
• Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
• Advanced Security
• Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
• Oracle General Ledger Process
• Explain key Advanced Security setups and process

The 1Z0-516 Exam is divided into four sections, each focusing on specific components of the EBS GL module. The first section covers general ledger set-ups, where candidates are tested on their knowledge of creating and managing accounting calendars, defining chart fields, and creating or configuring ledgers. The second section covers journal entries, where candidates are evaluated on their ability to create and manage complex journal entries, enter or reverse journal entries, and create recurring journal entries in EBS GL.

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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