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

The following will be discussed here:

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

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How to book the Oracle Planning 2020 Implementation Essentials 1z0-516

You can schedule the exam anytime at Pearson VUE. You can pay directly from a credit card or redeem a voucher purchased from Oracle.

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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Oracle 1Z0-516 Exam Syllabus Topics:

SectionWeightObjectives
Multi-Currency and Consolidations15%- Perform consolidations and elimination sets
- Translate and revalue balances
- Define and use multiple currencies
Journal Processing20%- Create, review, and post journal entries
- Handle journal reversals and approvals
- Manage recurring and mass allocation journals
E-Business Essentials20%- Explain Multi-Org fundamentals
- Understand flexfields and Web ADI
- Describe E-Business Suite architecture and shared entities
- Navigate R12 Oracle Applications
Accounting Setup and Security25%- Use Accounting Setup Manager
- Implement data access security
- Create and manage chart of accounts
- Define ledgers and ledger sets
Budgeting, Reporting and Period Close20%- Generate financial reports
- Use summary accounts and balances
- Execute period-end and year-end closing
- Set up and maintain budgets

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