Certification: Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger
Certification Full Name: Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger
Certification Provider: Oracle
Exam Code: 1z0-516
Exam Name: Oracle EBS R12.1 General Ledger Essentials


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"Oracle EBS R12.1 General Ledger Essentials Exam", also known as 1z0-516 exam, is a Oracle certification exam.

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Overview of the certification

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification deals with the expertise in the field of Oracle Financial Management General Ledger E business suite solutions and its implementation on a broader level. The certification can only be achieved if one has the comprehension of the topics including the General Ledger Process of Oracle, journal Entries and set up Manager.

Who can do this certification?

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification is open for all the individuals and targets a medium level team player who has the skills of implementing it. Experience in the field and training courses are also required if you want to achieve the certification in an easier way out.

Benefits

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification program offers you getting acquainted with business essentials and accessing and performing the operations related to R12 Business Suite. Building these key skills can help you perform various logical operations for different reporting requirements and accessing and processing the entities all at once using the ledger sets. This certification can also help you in the long run which is going to be beneficial for your career as most of the companies are never short of demand of a highly skilled professional.

Associated Exam

In order to achieve the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification, you will be required to clear the exam (Exam number 1Z0-516). The format of the exam will be multiple choice questions type. The exam will be having a total of 80 questions divided in two sections. 20 questions will be from the Essentials section and the remaining 60 questions will be from the General Ledger section. Maximum time limit is 150 minutes and in order to pass this exam, you will need to score minimum of 60% or higher in both the sections separately.

Prerequisites

Oracle provides trainings related to both the sections of the exams i.e. Essentials and General Ledger to prepare the candidates for both the sections independently. The candidate can chose which training section to go for. Familiarity of this field and Essentials and General Ledger operations is also required as a prerequisite for this course.

Topics to be covered

The exam covers a wide range of 19 different topics which includes 6 topics from the Essentials section and the remaining 13 topics from the General Ledger Section.

Essentials:

  1. R12 applications and navigation to navigate from home page, choosing responsibility and using forms and menus for various purposes.
  2. R12 applications introduction to describe different benefits, basics of R12 architecture.
  3. Integrating and Entitling the R12 Suite to identify various products involved in Business Suite.
  4. Fundamentals related to Flexfields to define various functions of a flexfield.
  5. Defining different organization and entities, key areas and Multi-Org operations.
  6. Alerts and Work flow concepts.

General Ledger:

  1. Processes related to General Ledger, how it combines with the business applications, sub ledgers and the systems outside oracle, currency concepts and budgeting.
  2. Journal Entries of basic level to different options of journal posting, importing entry and planning the key elements of Web ADI
  3. Security advanced for Ledgers and entities, its setup and processes, managing assess sets and controlling.
  4. Multi Currency concepts and its working, rate manager, journal entry, secondary segment for tracking and reports.
  5. Financial Reporting explaining its positioning with Ledger, building the basic reports and focusing on key implementation issues.
  6. Setup Manager describing one leg entity, multiple legal and no legal conditions of entities.
  7. Accounting setups to describe Ledger setup steps and accounting operations.
  8. Journal Entries Advanced to create recurring and mass allocation journals, auto allocation and auto scheduling and consideration necessary when implementing it.
  9. Consolidations to use features and functions of GCS.
  10. Ledger Setup and creating it utilizing different functions.
  11. Summary Accounts
  12. Budgeting to explain its anatomy, methods and rules to review balance and plan its requirements.
  13. Closing Period explaining various processes involved in close process.

Validity of the certification

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification is valid and there is no need of recertification until and unless a major release in this area is launched. However, when it happens, a recertification will be important.

Expert Review

Whether the talk is about a novice in the industry or an advanced professional in the field, these kinds of certifications tend to be the perfect matching up options along with the career goals.

Hussein Rahman, Silgan Holdings Inc

Abu Dhabi, UAE

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