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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:

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

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

This certification is for:

• Administrators
• Business Users
• 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.

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

The following will be discussed here:

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