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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency
The following will be discussed here:
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- Describe overview of Secondary Tracking Segment
- Perform Revaluation of foreign currency balances
- Perform Foreign currency journals Entry
- Multi-Currency
- Translate functional balances into foreign currency
- Use Currency Rate Manager
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Oracle 1Z0-516 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Setup and Security | 25% | - Create and manage chart of accounts - Use Accounting Setup Manager - Define ledgers and ledger sets - Implement data access security |
| Topic 2: Budgeting, Reporting and Period Close | 20% | - Set up and maintain budgets - Use summary accounts and balances - Execute period-end and year-end closing - Generate financial reports |
| Topic 3: Multi-Currency and Consolidations | 15% | - Translate and revalue balances - Define and use multiple currencies - Perform consolidations and elimination sets |
| Topic 4: E-Business Essentials | 20% | - Understand flexfields and Web ADI - Describe E-Business Suite architecture and shared entities - Navigate R12 Oracle Applications - Explain Multi-Org fundamentals |
| Topic 5: Journal Processing | 20% | - Manage recurring and mass allocation journals - Create, review, and post journal entries - Handle journal reversals and approvals |
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