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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.

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

The following will be discussed here:

• Describe Ledger Balancing Segment Value Assignments
• Perform the Secondary Ledger Setup steps
• Creating a new Accounting Flexfield structure
• Consolidations
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Describe the important elements for creating a Chart of Accounts structure
• Use the elements of the Consolidation Workbench
• Use the features and functionality of Global Consolidation System (GCS)
• Describe the basic components of Accounting Setup
• Perform the Primary Ledger Setup steps
• Complete Accounting Setup
• Accounting Setups
• Create Accounting Setups
• Create eliminating entries
• Identify the key implementation issues regarding consolidations
• Describe the various Subledger Accounting Options
• Use Standard reports and inquiry options available for consolidations Ledger
• Describe the elements required to create a ledger within Oracle General Ledger
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow

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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