Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Budgeting
The following will be discussed here:
- Translate budget balances
- Explain Budget Entry methods
- Define budget and budget organization
- Plan Budget implementation requirements
- Explain the anatomy of a budget
- Transfer budget amounts
- Use available Standard budget reports
- Explain the components of budget accounting cycle
- Financial Budgeting
- Apply Budget Rules
- Perform budget review and correction
- Create budgets with Budget Wizards
- Review balances in Master/Detail budgets
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Certification Path
Oracle E-Business Suite R12.1 General Ledger Essentials 1z0-516 is a fundamental exam. Successful completion by candidates will allow them to achieve Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger status.
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager
The following will be discussed here:
- Advanced Journal Entries
- Describe AutoAllocations and related implementation considerations
- Describe Accounting Setup considerations with no legal entities
- Describe Accounting Setup considerations with one legal entity
- Formulate Mass Allocation Journals
- Accounting Setup Manager
- Create Recurring Journals
- Describe Secondary Ledgers & Reporting Currencies
- Describe the components of Ledger Processing options
- Describe Accounting Setup considerations with multiple legal entities
Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency
The following will be discussed here:
- Multi-Currency
- Use Currency Rate Manager
- Perform Revaluation of foreign currency balances
- Perform Foreign currency journals Entry
- Describe overview of Secondary Tracking Segment
- Use Foreign Currency Reports
- Explain Multi-Currency concepts
- Translate functional balances into foreign currency


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