By Exam Number: 1Z0-516
Exam Title: Oracle E-Business Suite R12.1 General Ledger Essentials
Exam Details
Duration: 150 minutes
Number of Questions: 80 for both sections combined
Passing Score: E-business Essentials – 60% General Ledger – 60%
This exam is valid for Oracle E-Business Suite 12 and 12.1.
Format: Multiple Choice
Associated Certification Paths: Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger
Exam Preparation
Training Increases Your Chance of Passing
Complete Recommended Training
Complete the training below to prepare for your exam (optional):
R12.x Oracle E-Business Suite Essentials for Implementers and
R12.x Oracle General Ledger Management Fundamentals
Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.
Resources available to partners only
Training Opportunities for Oracle Partner Network Members
Oracle E-Business Suite Essentials Implementation Boot Camp paired with one of the following boot camps:
Oracle E-Business Suite R12.1 General Ledger Implementation Boot Camp
Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger Boot Camp
OPN Guided Learning Path: Oracle E-Business Suite Financial Management Certified Implementation Specialist: General Ledger
Training Resources by Exam Topics
These earlier courses are still valid exam preparation tools but are no longer being scheduled:
Oracle E-Business Suite R12: E-Business Essentials
R12 Oracle General Ledger Management Fundamentals
Review Exam Topics
E-BUSINESS ESSENTIALS
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
GENERAL LEDGER
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
Question 1:
Identify two features of Content Sets when creating reports using Financial Statement Generator (FSG)? (Choose two.)
A. They cannot be added at the time an FSG is run.
B. They are required for profit and loss statements.
C. They provide the ability to override row set definition.
D. They provide the ability to add calculations.
E. They enable the generation of multiple similar reports in a single run.
Answer: C,E
Question 2:
ABC.com has a requirement that all budget entries are made through journals. Where would you set this up?
A. Journal Sources
B. Set of Books
C. Journal Categories
D. Journal Types
E. Budget Organizations
Answer: B
Question 3:
ABC.com, the GL accountant, comes to you and asks whether she can use the Constant (C) segment type with parent segment values while defining the mass allocation formula.
What is your response?
A. Allow Dynamic Insert must be enabled, and then you can do this.
B. Whether you can do this depends on the responsibility.
C. Whether you can do this depends on the formula.
D. You can only do so if there is a summary account associated with the parent.
E. You can customize the workflow, and then you can do this.
Answer: D
Question 4:
Oracle General Ledger provides a variety of ways to get information from reports and queries.
What can you do using standard reports that you cannot do using on-line queries?
(Choose all that apply.)
A. group reports into report sets
B. review T-Accounts
C. view non-financial information
Answer: A,C
Question 5:
ABC.com has offices around the world, spread across different legal entities. ABC.com is implementing Oracle General Ledger. Its accounting department wants to know how to reduce the burden of elimination entries. What do you recommend?
A. Summary Journals
B. ADI Journals
C. Intercompany Journals
D. Recurring Journals
E. Mass Allocation
Answer: D
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