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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:

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

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

The following will be discussed here:

• Explain summary accounts and how they are used in General Ledger
• Explain AutoScheduling
• Describe the Journal Scheduling process
• Plan and maintain Summary Account structures
• Use Budgetary Control & maintain Summary accounts
• Explain the accounting cycle
• Consolidate account balances
• Summary Accounts
• Perform journal import of subledger balances
• Perform key steps in the close process
• Perform Subledger Reconciliation
• Period Close
• Explain the Period Closing Process and Reports
• Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
• Determine how Summary Templates are used
• Define How Parent Values/ Rollup Groups are used in General Ledger
• Describe key issues and considerations when implementing Advanced Journal Entry

Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

• Implementers
• Business Users
• Administrators

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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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