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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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Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Multi-Currency and Consolidations | 15% | - Perform consolidations and elimination sets - Translate and revalue balances - Define and use multiple currencies |
| Journal Processing | 20% | - Create, review, and post journal entries - Handle journal reversals and approvals - Manage recurring and mass allocation journals |
| E-Business Essentials | 20% | - Explain Multi-Org fundamentals - Understand flexfields and Web ADI - Describe E-Business Suite architecture and shared entities - Navigate R12 Oracle Applications |
| Accounting Setup and Security | 25% | - Use Accounting Setup Manager - Implement data access security - Create and manage chart of accounts - Define ledgers and ledger sets |
| Budgeting, Reporting and Period Close | 20% | - Generate financial reports - Use summary accounts and balances - Execute period-end and year-end closing - Set up and maintain budgets |
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