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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager
The following will be discussed here:
- Describe the components of Ledger Processing options
- Describe Secondary Ledgers & Reporting Currencies
- Create Recurring Journals
- Describe AutoAllocations and related implementation considerations
- Accounting Setup Manager
- Describe Accounting Setup considerations with no legal entities
- Describe Accounting Setup considerations with one legal entity
- Describe Accounting Setup considerations with multiple legal entities
- Advanced Journal Entries
- Formulate Mass Allocation Journals
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Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516
This certification is for:
- Implementers
- Business Users
- Administrators
The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.
You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.
The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.
This certification is available to all candidates.
It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting
The following will be discussed here:
- Translate budget balances
- Use available Standard budget reports
- Create budgets with Budget Wizards
- Explain Budget Entry methods
- Explain the anatomy of a budget
- Financial Budgeting
- Explain the components of budget accounting cycle
- Review balances in Master/Detail budgets
- Transfer budget amounts
- Perform budget review and correction
- Plan Budget implementation requirements
- Apply Budget Rules
- Define budget and budget organization
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Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: E-Business Essentials | 20% | - Explain Multi-Org fundamentals - Navigate R12 Oracle Applications - Describe E-Business Suite architecture and shared entities - Understand flexfields and Web ADI |
| Topic 2: Multi-Currency and Consolidations | 15% | - Perform consolidations and elimination sets - Translate and revalue balances - Define and use multiple currencies |
| Topic 3: Journal Processing | 20% | - Manage recurring and mass allocation journals - Create, review, and post journal entries - Handle journal reversals and approvals |
| Topic 4: Accounting Setup and Security | 25% | - Create and manage chart of accounts - Use Accounting Setup Manager - Implement data access security - Define ledgers and ledger sets |
| Topic 5: Budgeting, Reporting and Period Close | 20% | - Generate financial reports - Execute period-end and year-end closing - Use summary accounts and balances - Set up and maintain budgets |
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