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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:

  • Multi-Currency
  • Use Foreign Currency Reports
  • Use Currency Rate Manager
  • Translate functional balances into foreign currency
  • Perform Foreign currency journals Entry
  • Perform Revaluation of foreign currency balances
  • Explain Multi-Currency concepts
  • Describe overview of Secondary Tracking Segment

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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:

  • Use available Standard budget reports
  • Perform budget review and correction
  • Explain Budget Entry methods
  • Define budget and budget organization
  • Apply Budget Rules
  • Review balances in Master/Detail budgets
  • Explain the anatomy of a budget
  • Plan Budget implementation requirements
  • Financial Budgeting
  • Translate budget balances
  • Explain the components of budget accounting cycle
  • Create budgets with Budget Wizards
  • Transfer budget amounts

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Oracle 1Z0-516 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Manage Data Access Security for Legal Entities and Ledgers
  • Describe the important elements for creating a Chart of Accounts structure
Topic 2
  • Identify the steps to implement a Flexfield
  • Run and monitor Reports and Programs
Topic 3
  • Describe the types of organizations supported in the Multi-Org model
  • Explain the concepts of subledger accounting
Topic 4
  • Explain Enhanced Multiple-Organization Reporting
  • Explain the footprint of R12 E-Business Suite
Topic 5
  • Describe how journal entries are positioned in the accounting cycle
  • Translate functional balances into foreign currency
Topic 6
  • Describe how Oracle General Ledger integrates with other Oracle eBusiness applications
  • Create Favorites and set Preferences
Topic 7
  • Describe the different Journal Posting options
  • Navigating in R12 Oracle Applications
  • Describe R12 E-Business Suite architecture
Topic 8
  • Identify key implementation considerations for Multi-Org
  • Identify Key Business Flows and products involved in E-Business Suite (EBS)
Topic 9
  • Describe the elements required to create a ledger within Oracle General Ledger
  • Navigate from Personal Home Page to Applications

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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For more info read reference:

1z0-516 Official Certification Site

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