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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups
The following will be discussed here:
- Identify the key implementation issues regarding consolidations
- Describe Ledger Balancing Segment Value Assignments
- Describe the elements required to create a ledger within Oracle General Ledger
- Use the elements of the Consolidation Workbench
- Describe the basic components of Accounting Setup
- Create eliminating entries
- Accounting Setups
- Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
- Perform the Primary Ledger Setup steps
- Perform the Secondary Ledger Setup steps
- Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
- Complete Accounting Setup
- Create Accounting Setups
- Use Standard reports and inquiry options available for consolidations Ledger
- Describe the important elements for creating a Chart of Accounts structure
- Use the features and functionality of Global Consolidation System (GCS)
- Consolidations
- Describe the various Subledger Accounting Options
- Creating a new Accounting Flexfield structure
Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Setup and Security | 25% | - Define ledgers and ledger sets - Use Accounting Setup Manager - Create and manage chart of accounts - Implement data access security |
| Topic 2: E-Business Essentials | 20% | - Navigate R12 Oracle Applications - Explain Multi-Org fundamentals - Describe E-Business Suite architecture and shared entities - Understand flexfields and Web ADI |
| Topic 3: Budgeting, Reporting and Period Close | 20% | - Use summary accounts and balances - Set up and maintain budgets - Execute period-end and year-end closing - Generate financial reports |
| Topic 4: Journal Processing | 20% | - Handle journal reversals and approvals - Manage recurring and mass allocation journals - Create, review, and post journal entries |
| Topic 5: Multi-Currency and Consolidations | 15% | - Translate and revalue balances - Define and use multiple currencies - Perform consolidations and elimination sets |
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