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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
- Describe overview of Secondary Tracking Segment
- Explain Multi-Currency concepts
- Translate functional balances into foreign currency
- Use Foreign Currency Reports
- Multi-Currency
- Perform Foreign currency journals Entry
- Perform Revaluation of foreign currency balances
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 AutoScheduling
The following will be discussed here:
- Plan and maintain Summary Account structures
- Describe the Journal Scheduling process
- Perform journal import of subledger balances
- Describe key issues and considerations when implementing Advanced Journal Entry
- Explain AutoScheduling
- Use Budgetary Control & maintain Summary accounts
- Explain summary accounts and how they are used in General Ledger
- Period Close
- Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
- Explain the accounting cycle
- Consolidate account balances
- Explain the Period Closing Process and Reports
- Define How Parent Values/ Rollup Groups are used in General Ledger
- Determine how Summary Templates are used
- Perform key steps in the close process
- Perform Subledger Reconciliation
- Summary Accounts
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org
The following will be discussed here:
- Fundamentals of Multi-Org
- Define Multiple Organization (Multi-Org)
- Describe the types of organizations supported in the Multi-Org model
- Explain the entities of Multi-Org
- Explain Multi-Org preferences
- Explain how Multi-Org secures data
- Explain Enhanced Multiple-Organization Reporting
- Identify key implementation considerations for Multi-Org
- Explain the concepts of subledger accounting
- Define Multi-Org Access Control
Oracle 1Z1-516 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting | - Reporting Tools
|
| Topic 2: Account Management | - Account Reconciliation
|
| Topic 3: Period Close Process | - Month-End Closing
|
| Topic 4: General Ledger Setup | - Ledger Configuration
|
| Topic 5: Journal Processing | - Journal Approval and Posting
|







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