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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.

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

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