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

The following will be discussed here:

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

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

The following will be discussed here:

• Create Accounting Setups
• Perform the Secondary Ledger Setup steps
• Create eliminating entries
• Identify the key implementation issues regarding consolidations
• Use the elements of the Consolidation Workbench
• Complete Accounting Setup
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow
• Use Standard reports and inquiry options available for consolidations Ledger
• Describe Ledger Balancing Segment Value Assignments
• Creating a new Accounting Flexfield structure
• Describe the important elements for creating a Chart of Accounts structure
• Accounting Setups
• Describe the elements required to create a ledger within Oracle General Ledger
• Perform the Primary Ledger Setup steps
• Use the features and functionality of Global Consolidation System (GCS)
• Describe the basic components of Accounting Setup
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Describe the various Subledger Accounting Options
• Consolidations

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Fundamentals of Multi-Org

The following will be discussed here:

• Explain the entities of Multi-Org
• Describe the types of organizations supported in the Multi-Org model
• Define Multi-Org Access Control
• Identify key implementation considerations for Multi-Org
• Explain the concepts of subledger accounting
• Fundamentals of Multi-Org
• Explain Enhanced Multiple-Organization Reporting
• Explain Multi-Org preferences
• Explain how Multi-Org secures data
• Define Multiple Organization (Multi-Org)

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

This certification is for:

• Business Users
• Administrators
• Implementers

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.

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