Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups

The following will be discussed here:

• Describe Ledger Balancing Segment Value Assignments
• Identify the key implementation issues regarding consolidations
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Complete Accounting Setup
• Describe the basic components of Accounting Setup
• Consolidations
• Describe the various Subledger Accounting Options
• Use the elements of the Consolidation Workbench
• Accounting Setups
• Perform the Secondary Ledger Setup steps
• Perform the Primary Ledger Setup steps
• Create Accounting Setups
• Describe the important elements for creating a Chart of Accounts structure
• Use Standard reports and inquiry options available for consolidations Ledger
• Use the features and functionality of Global Consolidation System (GCS)
• Describe the elements required to create a ledger within Oracle General Ledger
• Creating a new Accounting Flexfield structure
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
• Create eliminating entries

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Introduction to Oracle Applications R12

The following will be discussed here:

• Describe the different Journal Posting options
• Describe Flexfields and their components
• Describe the benefits of R12 E-Business Suite
• Introduction to Oracle Applications R12
• Define Key Flexfields
• Define Descriptive Flexfields
• Define how to perform Account Inquiries & Drilldown to Oracle Subledger Applications
• Explain Workflow concepts
• Fundamentals of Workflow and Alerts
• Basic Journal Entries
• Describe R12 E-Business Suite architecture
• Describe how journal entries are positioned in the accounting cycle
• Describe the benefits of Workflow
• Define value sets and values
• Utilize Web ADI profile options, forms functions, menus, and responsibilities
• Define Web ADI setup options for key flexfields
• Fundamentals of Flexfields
• Import journal entry information using the GL_INTERFACE table
• Explain the footprint of R12 E-Business Suite
• Identify the steps to implement a Flexfield
• Plan the key elements of Web Applications Desktop Integrator (Web ADI)

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

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org

The following will be discussed here:

• Explain the concepts of subledger accounting
• Explain Enhanced Multiple-Organization Reporting
• Explain how Multi-Org secures data
• Define Multiple Organization (Multi-Org)
• Identify key implementation considerations for Multi-Org
• Explain Multi-Org preferences
• Define Multi-Org Access Control
• Fundamentals of Multi-Org
• Describe the types of organizations supported in the Multi-Org model
• Explain the entities of Multi-Org

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