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.

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

The following will be discussed here:

• Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
• Plan and maintain Summary Account structures
• Use Budgetary Control & maintain Summary accounts
• Define How Parent Values/ Rollup Groups are used in General Ledger
• Determine how Summary Templates are used
• Describe key issues and considerations when implementing Advanced Journal Entry
• Explain the accounting cycle
• Explain summary accounts and how they are used in General Ledger
• Summary Accounts
• Explain the Period Closing Process and Reports
• Perform journal import of subledger balances
• Perform Subledger Reconciliation
• Explain AutoScheduling
• Period Close
• Perform key steps in the close process
• Consolidate account balances
• Describe the Journal Scheduling process

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting

The following will be discussed here:

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

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Reporting

The following will be discussed here:

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

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

Oracle 1Z0-516 Exam Syllabus Topics: