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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting
The following will be discussed here:
- Explain the anatomy of a budget
- Review balances in Master/Detail budgets
- Plan Budget implementation requirements
- Use available Standard budget reports
- Explain the components of budget accounting cycle
- Define budget and budget organization
- Create budgets with Budget Wizards
- Perform budget review and correction
- Translate budget balances
- Financial Budgeting
- Apply Budget Rules
- Transfer budget amounts
- Explain Budget Entry methods
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency
The following will be discussed here:
- Use Currency Rate Manager
- Multi-Currency
- Perform Foreign currency journals Entry
- Describe overview of Secondary Tracking Segment
- Translate functional balances into foreign currency
- Perform Revaluation of foreign currency balances
- Explain Multi-Currency concepts
- Use Foreign Currency Reports
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Oracle General Ledger Process
The following will be discussed here:
- Describe an overview of Accounting Setup Manager, currency concepts, budgeting, EPB, reporting & analysis
- Identify the steps required to complete the accounting cycle using Oracle General Ledger
- Oracle General Ledger Process
- Explain implementation considerations for setting up and using Oracle General Ledger and Oracle eBusiness Suite
- Control security of Management Reporting
- Manage Data Access Security for Legal Entities and Ledgers
- Manage Data Access Sets
- Describe the integration of Oracle General Ledger with Oracle Subledgers & non-Oracle systems
- Explain key Advanced Security setups and process
- Advanced Security
- Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups
The following will be discussed here:
- Perform the Secondary Ledger Setup steps
- Describe the elements required to create a ledger within Oracle General Ledger
- Use the features and functionality of Global Consolidation System (GCS)
- Use Standard reports and inquiry options available for consolidations Ledger
- Identify the key implementation issues regarding consolidations
- Describe the various Subledger Accounting Options
- Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
- Create eliminating entries
- Use the elements of the Consolidation Workbench
- Describe Ledger Balancing Segment Value Assignments
- Creating a new Accounting Flexfield structure
- Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
- Create Accounting Setups
- Accounting Setups
- Describe the basic components of Accounting Setup
- Describe the important elements for creating a Chart of Accounts structure
- Consolidations
- Perform the Primary Ledger Setup steps
- Complete Accounting Setup
Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Journal Processing | - Journal Entry Management
|
| Account Management | - Budgeting
|
| General Ledger Setup | - Chart of Accounts
|
| Financial Reporting | - Standard Reports
|
| Period Close Process | - Month-End Closing
|
