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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency
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- Perform Revaluation of foreign currency balances
- Multi-Currency
- Use Currency Rate Manager
- Use Foreign Currency Reports
- Describe overview of Secondary Tracking Segment
- Explain Multi-Currency concepts
- Perform Foreign currency journals Entry
- Translate functional balances into foreign currency
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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
- Plan Budget implementation requirements
- Define budget and budget organization
- Review balances in Master/Detail budgets
- Explain the anatomy of a budget
- Explain Budget Entry methods
- Create budgets with Budget Wizards
- Translate budget balances
- Perform budget review and correction
- Financial Budgeting
- Explain the components of budget accounting cycle
- Apply Budget Rules
- Transfer budget amounts
Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Multi-Currency and Consolidations | 15% | - Define and use multiple currencies - Translate and revalue balances - Perform consolidations and elimination sets |
| Budgeting, Reporting and Period Close | 20% | - Generate financial reports - Set up and maintain budgets - Execute period-end and year-end closing - Use summary accounts and balances |
| Accounting Setup and Security | 25% | - Create and manage chart of accounts - Implement data access security - Use Accounting Setup Manager - Define ledgers and ledger sets |
| Journal Processing | 20% | - Create, review, and post journal entries - Manage recurring and mass allocation journals - Handle journal reversals and approvals |
| E-Business Essentials | 20% | - Understand flexfields and Web ADI - Navigate R12 Oracle Applications - Explain Multi-Org fundamentals - Describe E-Business Suite architecture and shared entities |
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